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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers report,

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg Data. Let's take a look

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Speaker 1: at some of the socks on the move today. I'm

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Speaker 1: Paul Swingey with Alexis Christophers and we're joined by Bloomberg's

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Speaker 1: Carmen Rynikey.

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Speaker 2: Carmen, what are you looking at? Yeah, so I'm looking

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Speaker 2: at a few retailer names this morning. First is Lazy

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Speaker 2: Boy ticker LZB, the recliner retailer. So shares our down

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Speaker 2: fourteen percent right now. This is the worst intra date

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Speaker 2: drop since February twenty twenty two. The retailer reported weaker

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Speaker 2: than expected results, including same store sales that declined during

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Speaker 2: the quarter, which they said reflected an increasingly challenged consumer.

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Speaker 2: Part of that, you know week economy. We've been hearing

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Speaker 2: some big lazy Boy with like a little fridge for

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Speaker 2: your beers underneath, so you'd never.

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Speaker 1: Have to get out.

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Speaker 2: That's a great question. I don't know, I don't have

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Speaker 2: I don't get to that form. Yes, I will get

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Speaker 2: right back. Definitely a cup holder in it, for sure.

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Speaker 2: Higher expenses also weighed on earnings per share in the quarter. YEP,

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Speaker 2: Target ticker t G t SO shares are down. They

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Speaker 2: reported earnings which included reaffirming their sale sales outlook for

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Speaker 2: the full year, which you know, everybody really has been

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Speaker 2: looking for the beat and raise this quarter, So that

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Speaker 2: is probably weighing on shares a little bit. But the

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Speaker 2: bigger weight here is that the retailer also named a

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Speaker 2: new CEO, current CEO Michael fiddle Key. At least that's

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Speaker 2: how I'm I'm going to say it. I don't know

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Speaker 2: if that's correct. I'll go with it, all right, I

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Speaker 2: do the the k A then yes, so all right,

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Speaker 2: we're going with that. I was going to succeed current

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Speaker 2: CEO Brian Cornell. And basically this is just being seen

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Speaker 2: as too like too much of an insider, like there

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Speaker 2: won't be enough change to sort of drive a turnaround

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Speaker 2: at Target. Michael Baker of DA Davidson said there was

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Speaker 2: some hope that an external CEO would be a catalyst

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Speaker 2: for more significant significant change. In Bloomberg Intelligences, Jennifer Artashus

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Speaker 2: said it's he's unlikely to change Target's playbook, and so

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Speaker 2: this is really overshadowing sort of any positives that they

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Speaker 2: saw in the quarter, and then bucking the trend. TJX,

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Speaker 2: parent company of tj Max, marshals up four percent.

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Speaker 1: Pretty good earnings.

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Speaker 2: Pretty good earnings. They are on track to close at

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Speaker 2: a record high today, high since at least nineteen eighty.

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Speaker 2: Is that what we have here on the terminal. They

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Speaker 2: raised their full year earnings per share outlook. They had

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Speaker 2: better than expected results, citing that shoppers are turning to

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Speaker 2: discounters due to economic uncertainty.

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Speaker 1: The stock Mover's report from Bloomberg Radio. Check back with

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Speaker 1: us throughout the day for the latest roundup of companies

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Speaker 1: making news on Wall Street and for the latest market

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Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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