1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:18,239 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:18,239 --> 00:00:20,599 Speaker 1: at some of the stocks on the move today, Paul 5 00:00:20,640 --> 00:00:23,880 Speaker 1: Suiti along with John Tucker, and we're joined by Bloomberg's 6 00:00:23,960 --> 00:00:25,320 Speaker 1: Natalie Kenyon Javic. 7 00:00:25,800 --> 00:00:27,880 Speaker 2: Natalie, what are you looking at here? Let's start with 8 00:00:27,920 --> 00:00:30,840 Speaker 2: the retail sector, guys. I'm looking at the Gap ticker Gap. 9 00:00:31,040 --> 00:00:34,440 Speaker 2: The stock is done by twenty percent. Guys. It's a 10 00:00:34,440 --> 00:00:41,360 Speaker 2: big move, the biggest actually since since twenty twenty one. 11 00:00:41,440 --> 00:00:45,720 Speaker 2: It's the most interesting exactly so the company the move 12 00:00:45,840 --> 00:00:50,559 Speaker 2: is largely driven by companies expectations of how tariffs can 13 00:00:50,640 --> 00:00:53,920 Speaker 2: impact sales. It's said that tariff impact can be somewhere 14 00:00:53,960 --> 00:00:56,720 Speaker 2: between two hundred and fifty million to three hundred million. 15 00:00:57,160 --> 00:00:59,880 Speaker 2: And of course we also saw some weakness in its 16 00:01:00,000 --> 00:01:05,000 Speaker 2: brands Banana, Republic and Athleta. At the same time, Gap 17 00:01:05,160 --> 00:01:08,720 Speaker 2: and Old Navy. So these are the biggest brands in 18 00:01:08,800 --> 00:01:12,960 Speaker 2: companies portfolio. They performed pretty well. So we see that 19 00:01:13,480 --> 00:01:18,320 Speaker 2: sales comparable store sales are up by three and five percent, respectively, 20 00:01:19,280 --> 00:01:23,480 Speaker 2: and the company continues to execute strong strategy and attract 21 00:01:23,560 --> 00:01:27,280 Speaker 2: celebrities to promote those goods. So it's kind of not 22 00:01:27,319 --> 00:01:30,560 Speaker 2: such a terrible report, but the market is so sensitive 23 00:01:30,560 --> 00:01:33,280 Speaker 2: to any headlines on time. Much what they make comes 24 00:01:33,280 --> 00:01:38,840 Speaker 2: from countries. Have Terra so CEO was on Bloomberg TV 25 00:01:38,920 --> 00:01:41,560 Speaker 2: actually earlier and he said that the goal is just 26 00:01:41,680 --> 00:01:45,000 Speaker 2: like to mitigate the impact of tariffs to like a minimum, 27 00:01:45,360 --> 00:01:48,240 Speaker 2: and I believe he said that the goal is for 28 00:01:48,640 --> 00:01:53,480 Speaker 2: any specific country like the exposure to be not above 29 00:01:53,680 --> 00:01:56,520 Speaker 2: twenty percent, if I'm not mistaken. Yeah, so they really 30 00:01:56,520 --> 00:02:00,160 Speaker 2: want to try to reroot some of those supply chains 31 00:02:00,720 --> 00:02:04,520 Speaker 2: Airbnb travel. So we see that a Truist security is cut. 32 00:02:04,560 --> 00:02:08,000 Speaker 2: Recommendation to sell from hold. The tacker for the company 33 00:02:08,080 --> 00:02:11,720 Speaker 2: is AB and B. The stock is now it's more 34 00:02:11,919 --> 00:02:15,239 Speaker 2: more or less flat. However, the stock is now trading 35 00:02:15,320 --> 00:02:19,600 Speaker 2: at one hundred and twenty eight dollars, but the target 36 00:02:19,760 --> 00:02:22,200 Speaker 2: is now for Truist is one oh six, so it's 37 00:02:22,240 --> 00:02:27,280 Speaker 2: almost a twenty percent decline from yesterday's closed. Analysts saying 38 00:02:27,320 --> 00:02:31,480 Speaker 2: that summer leisure trends both in the US and Europe 39 00:02:31,639 --> 00:02:36,880 Speaker 2: are not fully anticipated by analysts. At the same time, 40 00:02:36,919 --> 00:02:39,920 Speaker 2: We also remember the latest earnings report and the company 41 00:02:39,960 --> 00:02:42,880 Speaker 2: really warned that outlook for the second quarter can be 42 00:02:43,040 --> 00:02:46,320 Speaker 2: not as great. They see a slowdown in sales and 43 00:02:46,360 --> 00:02:50,680 Speaker 2: in travel demand in North America. However, globally, Asia, Pacific 44 00:02:50,760 --> 00:02:54,120 Speaker 2: region and Latin America are some of the brightest spots. 45 00:02:54,280 --> 00:02:57,080 Speaker 2: All right, one more cost com there we go. Yes, 46 00:02:57,360 --> 00:03:01,560 Speaker 2: the stock is stock, Yes by two point three percent 47 00:03:01,639 --> 00:03:07,720 Speaker 2: ticker cost. The main takeaway here is that the management 48 00:03:07,919 --> 00:03:11,880 Speaker 2: wants to increase prices item by item. It's not going 49 00:03:11,960 --> 00:03:15,079 Speaker 2: to be like a full large scale increase in prices, 50 00:03:15,120 --> 00:03:19,160 Speaker 2: and they're working on supply chains as well. And more 51 00:03:19,240 --> 00:03:21,480 Speaker 2: or less, analysts are really happy, and they say that 52 00:03:21,600 --> 00:03:25,400 Speaker 2: strong same store sales are strong enough for company to 53 00:03:25,480 --> 00:03:26,800 Speaker 2: mitigate all terraff invectors. 54 00:03:27,880 --> 00:03:32,000 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 55 00:03:32,120 --> 00:03:34,880 Speaker 1: us throughout the day for the latest roundup of companies 56 00:03:34,920 --> 00:03:37,960 Speaker 1: making news on Wall Street and for the latest market 57 00:03:38,000 --> 00:03:42,360 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 58 00:03:42,400 --> 00:03:45,640 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 59 00:03:45,720 --> 00:03:47,200 Speaker 1: the Bloomberg Business app.