WEBVTT - Deere Disappoints; Urban Outfitters Beats; Petco Climbs

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some stocks on the move today.

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<v Speaker 2>I'm Tom Keen with Paul Sweeney and Bloomberg's Lisa Matteo.

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<v Speaker 3>All right, I want to start with deer ticker Dee,

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<v Speaker 3>you know, the maker of those iconic green yellow tractors.

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<v Speaker 3>All right, so their shares have been down as much

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<v Speaker 3>as six percent. It was a miss first profit outlook

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<v Speaker 3>for the year ahead. A lot of uncertainty about the

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<v Speaker 3>timing of recovery for the US farm economy. Farmers, you know,

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<v Speaker 3>they've been hit by low crop prices, President Trump's tariffs.

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<v Speaker 3>I mean, there was a recent deal between the US

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<v Speaker 3>and China to boost these shipments of American crops to Asia,

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<v Speaker 3>but there's still a lot of questions on whether the

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<v Speaker 3>sales are going to be enough. There was a bright

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<v Speaker 3>spot though, the company reported increased fourth quarter sales due

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<v Speaker 3>to hire shipments and prices, but operating profit decrease goes

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<v Speaker 3>that and it was tangible. Yeah, I looked at it.

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<v Speaker 2>It's like a real slow down.

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<v Speaker 3>It is, it is, and it's concerning because of the

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<v Speaker 3>farm economy has been taking such a hit.

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<v Speaker 1>Paul.

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<v Speaker 2>One of the surprises here is we haven't seen the

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<v Speaker 2>president with the obligatory farm salvation.

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<v Speaker 4>No. No, it happened, and we had some presumably some

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<v Speaker 4>deals with China to buy our farm products. But we

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<v Speaker 4>had that last administration and China didn't end up fulfilling it.

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<v Speaker 4>So I'm not sure if we can hold them to

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<v Speaker 4>the fire this time around. I don't know. That's tough

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<v Speaker 4>for the US farmers.

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<v Speaker 2>You know the Zamboni one hundred. I mean, you get

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<v Speaker 2>your Giander tractor and you pull your Zamboni one hundred.

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<v Speaker 2>That's why Dad had an ice rink. Yeah, just say

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<v Speaker 2>we could ride the John Der zamboni.

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<v Speaker 3>Next, I wrote a regular zamboni once. Yes, yes, during

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<v Speaker 3>the Devil's Game time.

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<v Speaker 2>Did you wear your seat belt?

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<v Speaker 4>I did not go crazy.

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<v Speaker 3>It was a good time. Urban Outfitters you are BN

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<v Speaker 3>now that's the owner also, of course their namesake, but

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<v Speaker 3>also Anthropology Free People. Their shares has been up as

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<v Speaker 3>much as fifteen percent net sales for the third quarter

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<v Speaker 3>beat estimates. The company said shoppers they're waiting longer they're

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<v Speaker 3>kind of waiting out to get those holiday season deals,

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<v Speaker 3>but customers are still snapping up plenty of the things

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<v Speaker 3>at full price, so a lot of people paying full

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<v Speaker 3>price for a lot of the products that are out there.

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<v Speaker 3>They did have some small price increases at Anthropology and

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<v Speaker 3>CEO said though it was just small targeted prices because

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<v Speaker 3>of tariffs. But people are still lying.

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<v Speaker 2>Okay, help me here. My email feed is it's all

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<v Speaker 2>Black Friday.

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<v Speaker 4>Yes, but for true yes, yeah, but I take the

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<v Speaker 4>time to unsubscribe. Most people don't, but I do that.

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<v Speaker 2>I do it in bouts. I'll get angry.

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<v Speaker 4>And now most people it's not gotten easier to unsubscribe

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<v Speaker 4>to u R. Used to be three or four, five clicks,

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<v Speaker 4>now pretty much one.

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<v Speaker 3>Yes, it's the Black Friday. And it's also the receipt

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<v Speaker 3>Like yesterday, I got the receipt. Here's your receipt from

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<v Speaker 3>Urban Outfitters. Thanks, where did that come from?

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<v Speaker 1>To contract that?

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<v Speaker 3>Then pet COO I had to pick this because I

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<v Speaker 3>love the ticker woof Okay. Their shares up twenty four percent,

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<v Speaker 3>so fourth quarter justin ebite guidance beat the average analyst estimates.

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<v Speaker 3>There are a few quotes about this Bloomberg Intelligence saying

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<v Speaker 3>that their multi year strategy focuses on prodible, sustainable growth.

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<v Speaker 3>Yet Morgan Stanley commenting saying execution profitability gains are encouraging.

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<v Speaker 3>They did point out negative comps remain a key overhang.

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<v Speaker 3>But then RBC Capital Markets the company said it's becoming

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<v Speaker 3>beginning to transition into his phase story because it's trying

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<v Speaker 3>this turnaround plan, and they say that it's maybe starting

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<v Speaker 3>to work. So their shares have been up as much

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<v Speaker 3>as twenty four percent.

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<v Speaker 4>Woof Well eight hundred and thirty twos eight hundred and

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<v Speaker 4>thirty two million market cap. Why is my Bianos following us?

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