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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: Let's take a look at some of the stocks on

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Speaker 3: the move today on Paul Sweeney alongside Alexis Christopher's and

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Speaker 3: we're joined by Bloomberg Christina Keeno, Christine, what are you

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Speaker 3: looking at?

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Speaker 1: Well? John Talker mentioned is let's talk about it. Target

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Speaker 1: ticker TGT shares down today, so down currently a person,

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Speaker 1: so Parry's some of those opening bell losses. But as

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Speaker 1: John Talker mentioned, is in fact a reaction to the

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Speaker 1: new CEO who's going to be next to Yeo rather

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Speaker 1: Michael Fidelki. And you know the reaction is really, according

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Speaker 1: to DA Davidson's Michael Baker, it's not really a knock

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Speaker 1: on Fidelky himself. But the announcement quote lacks the pop

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Speaker 1: that a significant external hire would provide, as according to

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Speaker 1: DA Davidson's Michael Baker. And we know that Target has

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Speaker 1: suffered a streak of underperformance against his competitors, it has

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Speaker 1: lost market share, and Bloueberg Intelligence is noting that the

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Speaker 1: company now needs to show that its tactics to drive

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Speaker 1: store visits and spending are working, which evidently that's not

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Speaker 1: how investors feel at the moment.

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Speaker 4: Anyway, No, stock down about eight percent right now, all right.

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Speaker 1: I would take that personally.

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Speaker 4: Yeah, it's hard. It's hard not to.

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Speaker 1: But you know, he he's a veteran. He started as

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Speaker 1: an intern in two thousand and three and he worked

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Speaker 1: his way up. But you know, like this is just

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Speaker 1: not landing with investors, Okay, I think, yeah, I don't know,

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Speaker 1: this is a lesson. There will always be nice to

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Speaker 1: the intern It's always nice.

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Speaker 4: And also take those internships seriously, young folks. Yes, they

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Speaker 4: can turn into something that's right.

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Speaker 3: That's right.

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Speaker 1: Lows, Yeah, let's talk about Lows. Take her. Lw dot's

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Speaker 1: having a better day today. Shares up well, slightly less

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Speaker 1: than one percent now, but at one point it was

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Speaker 1: more than three percent. And we have an m and

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Speaker 1: A deal again. Loads are gring to buy foundation building

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Speaker 1: materials for eight point eight billion in cash. So Foundation Building.

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Speaker 1: It's a distributor of drywall and other building products, three

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Speaker 1: hundred and seventy locations in the US and Canada and

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Speaker 1: six and a half billion dollars in sales last year.

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Speaker 1: So the Anamal's reaction to this acquisition very positive, city

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Speaker 1: calling it quote transformational and is a pivot in capital

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Speaker 1: allocation strategy. And of course the good news also from

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Speaker 1: lows from their second quarter results adjusted EPs beat estimates.

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Speaker 3: There.

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Speaker 4: Now, I like your next stock that you're watching.

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Speaker 1: I'm very excited about this.

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Speaker 3: I've never heard this one.

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Speaker 1: PopMart popmarked, Yeah, yeah, pop MF Those shares popping today.

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Speaker 1: They were up earlier eighteen percent. That was the biggest

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Speaker 1: game since early June, bearing a little bit now just

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Speaker 1: up twelve percent at the moment. And so PopMart, they're

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Speaker 1: really known for their Labuboo dolls.

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Speaker 4: Right, you say that fast five times?

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Speaker 1: Yeah, booboo?

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Speaker 3: What does that cost one of those dolls?

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Speaker 4: What are they like?

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Speaker 1: It depends on whether you get the limited edition ones. John.

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Speaker 1: The vision is that they're hard to find and that's

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Speaker 1: that's the joy of it. But you know, like celebrities

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Speaker 1: like Kim Kardasht and Brad Pitt very much into this.

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Speaker 1: And so the big news from today is that they're

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Speaker 1: planning to announced a mini, a new Mini Lea Boo boo.

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Speaker 4: And yeah, it's still our hearts.

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Speaker 1: This little doll has been their cash cow for the

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Speaker 1: first half of twenty twenty five. It led to a

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Speaker 1: two hundred and four percent increase on in year in

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Speaker 1: ear revenue and the Yeo Wangning was saying earlier this

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Speaker 1: year that he hoped to hit sales of about twenty

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Speaker 1: billion you want, that's the equivalent two point eight billion dollars,

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Speaker 1: But now he says that thirty billion you on is

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Speaker 1: quote would be quite easy.

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Speaker 3: But this is a is this a Chinese based, mainland Chinese?

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Speaker 1: This is a Chinese hoy maker and they.

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Speaker 3: So they are we tariffing putting tariffs on these things?

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Speaker 2: Ah?

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Speaker 1: Good question. I don't know, yeah, I mean I don't

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Speaker 1: think we was specified dolls. I would think would be

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Speaker 1: night item on the terriff list. Who's there, all right?

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Speaker 4: Who's their competitor? I wonder?

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Speaker 3: Yeah, it's just they just competing its general other toy makers,

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Speaker 3: I guess I think so.

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Speaker 1: Yeah, but I think they really hit it big with

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Speaker 1: this particular one that just reached cult status like overnight.

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Speaker 4: Sort of like funk Pops in a way.

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Speaker 3: Yeah, I'll be looking at this thing, it says my

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Speaker 3: Bloomberg term on. I don't know what we're looking at

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Speaker 3: dollars or what here fifty four billion dollar market cap.

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Speaker 1: I'm not sure how dollars or or you want.

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Speaker 4: Yeah, I don't know.

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Speaker 3: All right, very good, so we'll do that. We'll do

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Speaker 3: the latle boo booms. But again, I think these the

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Speaker 3: little things that you put on your.

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Speaker 1: There are Yeah, and they become a bit of a

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Speaker 1: status symbol as well.

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Speaker 3: Okay, so this is just some kids are collecting because

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Speaker 3: it's more expensive now kids.

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Speaker 1: It started with kids, but then it very quickly balloon

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Speaker 1: into an adult crist.

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Speaker 4: I see them walking around the city here, people have

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Speaker 4: them dangling their bags. Yeah.

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Speaker 1: Yeah, it's it's probably like you could liken it to

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Speaker 1: beanie babies, right.

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Speaker 4: Okay, sure, I think that's a good Yeah. That's why

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Speaker 4: you don't underestimate the power of the la boom boom.

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Speaker 2: The Stock Mover's report from bloom 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: making news on Wall Street and for the latest market

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

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