1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,239 --> 00:00:19,000 Speaker 3: Let's take a look at some of the stocks the 5 00:00:19,000 --> 00:00:22,520 Speaker 3: stock movers today. I'm time Keen with Paul Sweeney and 6 00:00:22,640 --> 00:00:26,160 Speaker 3: Bloomberg's Lisa Matteo. They do, okay, there, that was. 7 00:00:26,120 --> 00:00:29,840 Speaker 1: Excellent, Thank you, I love it. Okay, we are retail 8 00:00:30,040 --> 00:00:32,559 Speaker 1: focused today. All we have to start with Target. Their 9 00:00:32,600 --> 00:00:35,000 Speaker 1: shares have been down as much as three percent the 10 00:00:35,080 --> 00:00:38,199 Speaker 1: basic it cuted sales forecast weaker than expected quarter. So 11 00:00:38,240 --> 00:00:40,560 Speaker 1: the company pointed to a few things, right, there's people 12 00:00:40,600 --> 00:00:44,239 Speaker 1: spending less on things like clothing, home goods, discretionary items, 13 00:00:44,400 --> 00:00:48,400 Speaker 1: falling consumer confidence, there's uncertainty over tariffs. Right shoppers. They 14 00:00:48,440 --> 00:00:50,680 Speaker 1: also boycotted because they had that decision when they stop 15 00:00:50,720 --> 00:00:54,760 Speaker 1: those diversity initiatives. So people didn't like that. Comparable sales 16 00:00:54,760 --> 00:00:56,840 Speaker 1: they dropped three point eight percent. Shout out the company 17 00:00:56,880 --> 00:00:58,960 Speaker 1: they did, Yes, really the company did. They said, people 18 00:00:59,000 --> 00:01:02,480 Speaker 1: are boycotting, Uh, slower shopper traffic. And the thing is 19 00:01:02,520 --> 00:01:05,440 Speaker 1: consumers what they're doing too, They're spending less per visit. 20 00:01:06,160 --> 00:01:08,200 Speaker 3: So that's another thing. Why did you hear this at 21 00:01:08,200 --> 00:01:08,880 Speaker 3: home Deepot? 22 00:01:09,080 --> 00:01:13,160 Speaker 1: Did I know the difference? There is a slight difference, 23 00:01:13,360 --> 00:01:15,840 Speaker 1: especially when it comes to price increases and things like that, 24 00:01:15,840 --> 00:01:18,520 Speaker 1: because remember we've had Walmart like talking about we're going 25 00:01:18,600 --> 00:01:21,120 Speaker 1: to raise prices because of Tariff's home people said no, 26 00:01:21,160 --> 00:01:23,440 Speaker 1: we're not. Come on Target saying. 27 00:01:23,040 --> 00:01:25,680 Speaker 3: There had a government of fairs goes that didn't work 28 00:01:25,720 --> 00:01:29,320 Speaker 3: for Walmart. Change knows what they're going to do. Well. 29 00:01:29,360 --> 00:01:31,560 Speaker 1: When your CEO, like the CEO of Target, is saying, 30 00:01:31,600 --> 00:01:33,640 Speaker 1: you know what, we're not happy with the results, that's 31 00:01:33,640 --> 00:01:36,000 Speaker 1: that's a red flag. The only they did have one 32 00:01:36,000 --> 00:01:38,960 Speaker 1: bright spot though, that was e commerce. They did say 33 00:01:39,000 --> 00:01:42,480 Speaker 1: that that was doing well. But they're they're just they've 34 00:01:42,480 --> 00:01:46,440 Speaker 1: been struggling. If six months ago everything was just hungry, 35 00:01:47,440 --> 00:01:50,080 Speaker 1: I agree, got that right. I mean the big part 36 00:01:50,200 --> 00:01:52,840 Speaker 1: is that so much makes up of their sales sixty 37 00:01:52,840 --> 00:01:55,160 Speaker 1: five percent is like those consumable goods, whereas you have 38 00:01:55,200 --> 00:01:58,160 Speaker 1: Walmart who has the groceries. But Target that's a big 39 00:01:58,240 --> 00:02:00,840 Speaker 1: thing for them. Okay, t j X stick with retail, 40 00:02:01,160 --> 00:02:04,560 Speaker 1: that's apparent. TJ Max Marshall's home goods shares have been 41 00:02:04,560 --> 00:02:07,040 Speaker 1: down as much as two percent, so it top first 42 00:02:07,080 --> 00:02:10,160 Speaker 1: quarter earnings and revenue expectations. But the thing is is 43 00:02:10,160 --> 00:02:13,160 Speaker 1: that they warned that higher tariffs could lead to softer 44 00:02:13,240 --> 00:02:15,679 Speaker 1: than expected second quarter earning, so it was kind of 45 00:02:15,720 --> 00:02:18,560 Speaker 1: that look ahead that investors didn't like. So that's why 46 00:02:18,919 --> 00:02:20,840 Speaker 1: their shares are lower. But they're known as like the 47 00:02:20,919 --> 00:02:24,000 Speaker 1: discount retailer, I mean and Alex are all over to 48 00:02:24,160 --> 00:02:28,720 Speaker 1: get because they have the name brands, but they're still struggling. 49 00:02:28,800 --> 00:02:34,400 Speaker 1: So it just goes to show your butt who's not struggling. Yes, no, yeah, 50 00:02:34,440 --> 00:02:35,080 Speaker 1: so load. 51 00:02:35,720 --> 00:02:38,200 Speaker 3: Which there's like eight lows, which lows? Is this? 52 00:02:38,200 --> 00:02:41,000 Speaker 1: This is the home improvement lows, Home depot loads, yes, 53 00:02:41,000 --> 00:02:42,960 Speaker 1: home deal okay, you could say home deeper loads. 54 00:02:43,040 --> 00:02:43,320 Speaker 3: Yes. 55 00:02:43,960 --> 00:02:46,320 Speaker 1: Their shares have been higher about three percent before the bell, 56 00:02:46,560 --> 00:02:49,480 Speaker 1: so they maintained the outlook even though sales fell last quarter, 57 00:02:49,480 --> 00:02:52,160 Speaker 1: but it fell less than expected, so you time that 58 00:02:52,320 --> 00:02:54,799 Speaker 1: right into the home depot earnings. So it looks like 59 00:02:54,840 --> 00:02:58,360 Speaker 1: consumers still spending on their homes things like that home improvement. 60 00:02:58,639 --> 00:03:00,799 Speaker 1: They're putting off the big project so due to high 61 00:03:00,840 --> 00:03:03,400 Speaker 1: interest rates, but they're keeping these smaller projects. So a 62 00:03:03,400 --> 00:03:05,920 Speaker 1: lot of the smaller projects are what's really helping the 63 00:03:05,960 --> 00:03:08,840 Speaker 1: stores right now. It's been doing things to improve you know, 64 00:03:08,880 --> 00:03:12,200 Speaker 1: they focus on boosting offerings for professional contractors, like they're 65 00:03:12,240 --> 00:03:15,000 Speaker 1: trying things like that. They're trying to handle larger projects, 66 00:03:15,000 --> 00:03:18,960 Speaker 1: investing across the online business. The interesting thing is that 67 00:03:19,400 --> 00:03:21,960 Speaker 1: the home category is usually vulnerable to tires because a 68 00:03:21,960 --> 00:03:24,960 Speaker 1: lot of the products are sourced from overseas. They also 69 00:03:25,080 --> 00:03:28,200 Speaker 1: tend to be discretionary on top of that. But low 70 00:03:28,280 --> 00:03:32,880 Speaker 1: shares have been higher before the bell. And the last 71 00:03:32,880 --> 00:03:34,840 Speaker 1: I want to point out to because we've been talking 72 00:03:34,880 --> 00:03:37,920 Speaker 1: about it over the past couple of days, is United Health. Right, 73 00:03:37,960 --> 00:03:40,520 Speaker 1: it's on this roller coaster ride. The shares are up, down, 74 00:03:40,680 --> 00:03:43,080 Speaker 1: up and down, up and down. Before the bell. It's 75 00:03:43,320 --> 00:03:45,800 Speaker 1: back on the downside. It's falling as much as six 76 00:03:45,880 --> 00:03:49,880 Speaker 1: percent this morning. The reason why, well, the latest thing 77 00:03:49,960 --> 00:03:52,080 Speaker 1: is this report from The Guardian says that the company 78 00:03:52,120 --> 00:03:56,120 Speaker 1: is secretly paying nursing homes to reduce hospital trans for residents. 79 00:03:56,240 --> 00:03:59,640 Speaker 1: So you said it, it's just been a mess and 80 00:03:59,680 --> 00:04:02,280 Speaker 1: that's the issue. So this morning their shares are love. 81 00:04:03,360 --> 00:04:07,600 Speaker 2: The stockmover's report from Bloomberg Radio. Check back with us 82 00:04:07,600 --> 00:04:10,400 Speaker 2: throughout the day for the latest roundup of companies making 83 00:04:10,480 --> 00:04:14,080 Speaker 2: news on Wall Street, and for the latest market moving headlines, 84 00:04:14,320 --> 00:04:18,320 Speaker 2: listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg 85 00:04:18,360 --> 00:04:21,440 Speaker 2: dot com, and on Applecarplay and Android Auto with the 86 00:04:21,480 --> 00:04:22,839 Speaker 2: Bloomberg Business App.