Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Jim Statavak along with Emily Graffeo. Let's take a
Speaker 1: look at some stocks on the move today. We're joined
Speaker 1: Bloomberg New Secutaries reporter Natalia Kenny Javichinatalia.
Speaker 3: Hi, guys, So let's start with the best performing stock
Speaker 3: in this MP five hundred today, which is Ralph Floren
Speaker 3: the tickets RL. The shares are up by almost fifteen percent,
Speaker 3: so we see that revenue and profit beata expectations. But
Speaker 3: of course it's interesting to look across different regions. Asia, specifically,
Speaker 3: China drove sales. You were up by thirty one percent.
Speaker 3: Sales in Europe increased by eighteen percent despite higher energy
Speaker 3: prices this uncertainty. Here in North America, shares were up
Speaker 3: by eight percent. So the management overall said that shoppers
Speaker 3: remain resil in despite all this uncertainty, and they are
Speaker 3: able to withstand tariffs and all this economic uncertainty now.
Speaker 3: Analysts also highlighted the fact that the company capitalized on
Speaker 3: trends like quiet luxury, which is no longer such a
Speaker 3: hot trend because people are I don't know, show their luxury.
Speaker 3: They have it. So we'll see how earnings. You know,
Speaker 3: we'll see wire luxury, quiet luxury. Don't tell me you
Speaker 3: don't know what it is.
Speaker 1: I mean I know that Ralph Lauren. Like when I
Speaker 1: see the clothes at like the US Open, there's a
Speaker 1: huge polo logo that doesn't necessarily scream quiet luxury, does it?
Speaker 3: Yeah, but it's different. But let's say I don't know
Speaker 3: if there's sachi or don't you go on In terms
Speaker 3: of colors, you know, yeah, they have like there's a
Speaker 3: little bit of sweater with a very small pony logo.
Speaker 1: I mean sometimes the pony is like sometimes but yeah, okay,
Speaker 1: I guess it all depends on the definition of quiet.
Speaker 3: True. So true. Let's look at the other side of
Speaker 3: this spectrum, Walmart, so we see that shares are done
Speaker 3: by almost seven percent. The ticket is of course WMT,
Speaker 3: so we see that just a TPS forecast kin blow expectations.
Speaker 3: Comparable sales were also lower. Companies said that rising fuel
Speaker 3: costs are of course a big problem right now, and
Speaker 3: of course the management highlighted the fact that they see
Speaker 3: this skey shaped recovery. High income consumers are still confident,
Speaker 3: lower income consumers are becoming more selective. The number of discounts,
Speaker 3: by the way, increased by twenty percent, so that's a
Speaker 3: pretty big move. And also I found one commentary from
Speaker 3: Bloomberg Intelligence really interesting because they said advertising revenue driven
Speaker 3: by the World Cup could be one of the biggest
Speaker 3: drivers ahead.
Speaker 2: All right, well.
Speaker 3: There's something you're going to the World I don't think so. No,
Speaker 3: tickets are so expensive.
Speaker 2: Tickets are so expensive.
Speaker 3: It's going to be something like a last minute whatever.
Speaker 3: I love football or soccer, however you call it.
Speaker 1: There are plenty of games that are not the World Cup,
Speaker 1: games that you can go to.
Speaker 3: All those true, but maybe the level of excitement is not.
Speaker 1: There's still time, There's still time.
Speaker 3: True.
Speaker 1: All right, what else you have for us?
Speaker 3: Now, let's look at industrials. Guys, Deer shares the tickets
Speaker 3: DEE are down by almost five percent, so this is interesting.
Speaker 3: We see that fiscal second quarter earnings came above expectations,
Speaker 3: but the company got a lift from construction and the
Speaker 3: so called forest tree segment is when they turn trees
Speaker 3: into building materials. But analysts also highlighted the fact that
Speaker 3: the company got terror free fund, paid lower taxes, so
Speaker 3: it's not just like the core business itself. When I
Speaker 3: asked why share prices are down by so much, they
Speaker 3: said that the stock is at by almost twenty percent
Speaker 3: year to date, and the fact that the company also
Speaker 3: maintained outlook for North America and Canada, which is sales
Speaker 3: would be down beare fifteen and twenty percent, that that
Speaker 3: was kind of a negative thing and maybe people are
Speaker 3: just taking profits right a little bit of expectations just
Speaker 3: being very very high for John Dear.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
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