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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Anita, what are the stocks you're looking at here?

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Speaker 1: Let's look at Target. First. Target cut its sales forecast.

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Speaker 1: It's having a really rough day as a continuation of

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Speaker 1: pretty pretty strong start of the year. It's coming among

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Speaker 1: a sharp pullback in spending, and we're having a combination

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Speaker 1: of tariffs, falling, consumer confidence and really all those forces

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Speaker 1: we're worried about in the economy are hitting Target. At

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Speaker 1: the same time, the stock is actually down thirty percent

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Speaker 1: year to date, and what we're seeing today, the biggest

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Speaker 1: issue is that Wall Street analysts are worried that this

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Speaker 1: not may be the last guidance cut, that there may

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Speaker 1: be more coming. And it's interesting that obviously a lot

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Speaker 1: of companies in that space have felt the pressure, but

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Speaker 1: Target has been especially vulnerable because Appao, home goods, nons

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Speaker 1: non consumable items are really the majority of their sales,

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Speaker 1: like for example, Walmarts, they rely on groceries and that

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Speaker 1: you know, the company is doing much better here today,

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Speaker 1: but Target really very rough start of the year, and

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Speaker 1: you know, tariffs, consumer, all those forces are weighing on

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Speaker 1: sentiment there.

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Speaker 4: Yeah, definitely, I was a big cat and Jack buyer

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Speaker 4: for my kid. They really good stuff cat Jack they

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Speaker 4: make like a kids close for Target. But you know

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Speaker 4: then she grows that changes, so they lost me there. Okay,

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Speaker 4: you're also taking a look at Palo Alto Networks.

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Speaker 1: Yeah, let's talk about cyber security. Obviously that's been a

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Speaker 1: big story earlier this year. We saw so many cyber

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Speaker 1: attacks that he's been the space A lot of analysts

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Speaker 1: are watching and it's it's having another of day. Power

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Speaker 1: Auto Networks is down about seven percent. Results fail to

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Speaker 1: ease those growth here, and we've had obviously a lot

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Speaker 1: of issues without space. The infrastructure software company reported third

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Speaker 1: quarter resorts and gave outlook that failed. Two is all

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Speaker 1: those worries that said, we haven't seen any big downgrades.

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Speaker 1: We've seen Barclay's maintains overweight but lowers price tag. But

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Speaker 1: there isn't like too much negativism among analysts. JP Morgan says,

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Speaker 1: all though some metrics were a bit lighter than expected,

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Speaker 1: we continue to be power Out as one of the

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Speaker 1: best positioned vendors. So yeah, it wasn't that bad of

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Speaker 1: earnings report, but analysts are clearly worried and sentiment hasn't

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Speaker 1: been so good. The stock is flat here today, so

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Speaker 1: you know, maybe from here we will see some upside,

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Speaker 1: but it's definitely not bringing relief this earnings report.

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Speaker 3: Take two, big follow on equity offering for take Now,

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Speaker 3: this is what happens back in the day when I

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Speaker 3: actually had a job on the street. Anytime a stock

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Speaker 3: moved ten or fifteen percent in a short period of time,

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Speaker 3: I had a little alert pop up for all my careers,

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Speaker 3: and I called this, if let's hit the market, let's

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Speaker 3: go put out a billion dollars worth of stock right here.

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Speaker 3: Your stock's moving in domentum is good and one out

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Speaker 3: of one hundred, maybe they say, okay, well here's take two.

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Speaker 3: I think said, okay.

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Speaker 1: It's interesting when you were setting those alerts, I was

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Speaker 1: actually playing cron tif Auto five. That was many, many

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Speaker 1: years ago, and I was expecting to get the new

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Speaker 1: one and it's taken years. So that's one reason the

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Speaker 1: company has had a pretty volatile a few months. And

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Speaker 1: of course today the company announced plans to sell one

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Speaker 1: billion not today, sorry, yesterday they announced plan to sell

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Speaker 1: one billion of new stock to investors, and this is

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Speaker 1: going to be used for repayments of the futures acquisition.

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Speaker 1: But of course that's a name everyone's watching. It's all

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Speaker 1: connected with that gamer has been expected for years and

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Speaker 1: that keeps getting delayed. That said, the company is having

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Speaker 1: a strong start here to date when you zoom out

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Speaker 1: of the volativity of the last few months. So it's

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Speaker 1: an interesting name to watch. And yes, today definitely not

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Speaker 1: a good not a good reaction from what I heard.

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Speaker 3: Again, they're issuing, they're going to do it. They intend

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Speaker 3: to do an underwritten public offering a billion dollars worth

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Speaker 3: of stock. It's a forty two billion dollar market cap company,

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Speaker 3: so it's not about a lot of dilution. But that's

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Speaker 3: still a good move for the company.

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Speaker 4: How long did it take you to make those hundred

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Speaker 4: phone calls?

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Speaker 3: What depends on the company. The learner would have to

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Speaker 3: go off and then I call the CFO, sake on,

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Speaker 3: I'll bid you right now on a billion dollars worth

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Speaker 3: of stock. Of five hundred million dollars worth of stock.

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Speaker 3: Usually said no, thanks, click you know, but everyone's like

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Speaker 3: I said, okay, I'd say two minutes.

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Speaker 1: Okay, right, right.

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Speaker 4: Back, amazing, all right, Janisa, thanks a lot to This

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Speaker 4: is a COVID joining us from Bloomberg.

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Speaker 2: This stock mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

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