1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:17,760 --> 00:00:20,120 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:20,160 --> 00:00:24,119 Speaker 3: Bloomberg News Equities reporter Alexandra Semenova is here with Wednesday's 6 00:00:24,400 --> 00:00:30,120 Speaker 3: stock movers. Okay, I want to start with Dollar Tree. 7 00:00:30,240 --> 00:00:34,000 Speaker 4: Yep, Tim so a bright spot today amid all the decline. 8 00:00:34,000 --> 00:00:36,960 Speaker 4: Shares closed up three percent. And this is after they 9 00:00:37,000 --> 00:00:39,800 Speaker 4: announced that they're offloading Family Dollar for about a billion 10 00:00:39,840 --> 00:00:43,760 Speaker 4: dollars to Brigade Capital Management and McCallum Capital Management. I 11 00:00:43,760 --> 00:00:46,559 Speaker 4: hope that I pronounced that correctly. This comes about a 12 00:00:46,600 --> 00:00:48,760 Speaker 4: decade how I said it earlier, so I was good 13 00:00:48,800 --> 00:00:52,040 Speaker 4: it was a missalam. I don't know them, but anyway, 14 00:00:52,200 --> 00:00:54,520 Speaker 4: the deal is set to close next quarter. This comes 15 00:00:54,520 --> 00:00:57,680 Speaker 4: about a decade after they bought this company for nine 16 00:00:57,720 --> 00:00:58,440 Speaker 4: billion dollars. 17 00:00:58,520 --> 00:01:00,280 Speaker 1: I so remember when the two of them came together 18 00:01:00,320 --> 00:01:02,800 Speaker 1: and everybody was like this makes sense, like right, big 19 00:01:02,840 --> 00:01:04,720 Speaker 1: players coming together, and yet. 20 00:01:04,840 --> 00:01:06,720 Speaker 4: And so and for a while they really did want 21 00:01:06,760 --> 00:01:09,560 Speaker 4: to become this big discount giant, but that hasn't really 22 00:01:09,560 --> 00:01:12,720 Speaker 4: worked out. For them that business hasn't really been profitable 23 00:01:12,800 --> 00:01:15,480 Speaker 4: and actually this kind of upends that effort because the 24 00:01:15,520 --> 00:01:18,800 Speaker 4: store account will be roughly halved after the transaction. But 25 00:01:19,080 --> 00:01:21,160 Speaker 4: and also really see this as a good thing given 26 00:01:21,240 --> 00:01:23,920 Speaker 4: how long they've taken to find the right buyer for this. 27 00:01:24,440 --> 00:01:26,120 Speaker 4: If you look at some of the Wall Street commentary, 28 00:01:26,120 --> 00:01:28,920 Speaker 4: it's been really positive, even though you know there's a 29 00:01:28,920 --> 00:01:31,200 Speaker 4: little bit of uncertainty about how this will play out 30 00:01:31,200 --> 00:01:33,720 Speaker 4: in earnings. At this point. City said that the sale 31 00:01:33,800 --> 00:01:37,720 Speaker 4: is positive and makes quote a clear, cleaner go forward 32 00:01:37,800 --> 00:01:40,120 Speaker 4: story for the stock. And then you have Trust also 33 00:01:40,200 --> 00:01:43,679 Speaker 4: calling this sale a significant win. Hence that move higher today, 34 00:01:43,680 --> 00:01:46,000 Speaker 4: even as the broader market's sold off. All right off 35 00:01:46,040 --> 00:01:49,720 Speaker 4: to love my dogs Chewy, So yeah, one thing that 36 00:01:49,800 --> 00:01:53,280 Speaker 4: can weather any potential downturn, any recession is how much 37 00:01:53,360 --> 00:01:56,600 Speaker 4: people love their pets. You saw that today and chewies 38 00:01:56,680 --> 00:02:00,520 Speaker 4: or exactly as should be their family members too. We 39 00:02:00,600 --> 00:02:04,080 Speaker 4: reported some solid earnings today. The stock was down about 40 00:02:04,120 --> 00:02:06,280 Speaker 4: a percent, perhaps to to you know, pressure in the 41 00:02:06,280 --> 00:02:09,120 Speaker 4: broader market, but it did get a wave of analyst upgrades. 42 00:02:09,120 --> 00:02:12,119 Speaker 4: It got raised Mizuho Barclays. Their top line figure grew 43 00:02:12,240 --> 00:02:15,200 Speaker 4: fifteen percent, year over year to three point two five 44 00:02:15,280 --> 00:02:18,000 Speaker 4: billion dollars, and they're basically at the space stage where 45 00:02:18,000 --> 00:02:21,080 Speaker 4: they've been spending a lot of money on things like marketed, 46 00:02:21,120 --> 00:02:24,280 Speaker 4: a lot of marketing, a lot of investments. So those 47 00:02:24,320 --> 00:02:26,880 Speaker 4: expenditures have kind of made it difficult to turn a profit. 48 00:02:26,919 --> 00:02:29,240 Speaker 4: But we're actually seeing them start to grow their sales. 49 00:02:29,280 --> 00:02:30,560 Speaker 1: I got to say, it's where we order life. I 50 00:02:30,639 --> 00:02:33,959 Speaker 1: was going to say order our dog food and well stuff. 51 00:02:34,600 --> 00:02:36,560 Speaker 1: We ordered our cat food there until our cat died. 52 00:02:36,919 --> 00:02:38,000 Speaker 1: And I'm hard to hear them. 53 00:02:38,200 --> 00:02:40,600 Speaker 3: I will tell you though, something about Chewie. That's pretty 54 00:02:40,600 --> 00:02:43,040 Speaker 3: cool that I called them and I said, hey, we 55 00:02:43,120 --> 00:02:47,160 Speaker 3: just got this like big shipment, the cat's gone. Can 56 00:02:47,200 --> 00:02:48,600 Speaker 3: I send it back to you or something like that. 57 00:02:48,639 --> 00:02:49,960 Speaker 3: It was like a huge thing, and they were like, 58 00:02:51,360 --> 00:02:54,959 Speaker 3: donate it, We're going to refund you. And they sent 59 00:02:55,040 --> 00:02:56,119 Speaker 3: like this really nice. 60 00:02:55,919 --> 00:02:58,840 Speaker 1: Cards, really sweet. Yeah that is super sweet. I know 61 00:02:58,919 --> 00:02:59,600 Speaker 1: it was really sweet. 62 00:02:59,639 --> 00:03:03,080 Speaker 3: That's what stuff it's like you remember as a customer, Yeah, right, 63 00:03:03,160 --> 00:03:04,400 Speaker 3: or tell others that makes. 64 00:03:04,280 --> 00:03:05,919 Speaker 4: It for a good business. I've actually heard some of 65 00:03:05,960 --> 00:03:07,839 Speaker 4: my friends who have lost pets and chew we sent 66 00:03:07,880 --> 00:03:11,720 Speaker 4: them little cards with their condolences, which is really wholesome. 67 00:03:11,960 --> 00:03:14,840 Speaker 4: It is really wholesome. It's a perfect way to describe it. 68 00:03:15,560 --> 00:03:18,760 Speaker 1: You know what's hot right now? But copper. Everybody's talking 69 00:03:18,840 --> 00:03:19,440 Speaker 1: about copper. 70 00:03:19,600 --> 00:03:23,720 Speaker 4: Yeah, it did hit a record high yesterday. And this company, 71 00:03:23,800 --> 00:03:27,440 Speaker 4: Freeport Macmooran, it's a copper mining company. It did fall 72 00:03:27,480 --> 00:03:30,760 Speaker 4: today after the Trump administration signal that tariff's on copper 73 00:03:31,000 --> 00:03:33,040 Speaker 4: could be coming in weeks rather than months. A little 74 00:03:33,080 --> 00:03:35,640 Speaker 4: bit of uncertainty around those tariffs, but it did do 75 00:03:35,720 --> 00:03:38,000 Speaker 4: well the last couple of sessions. The company shares have 76 00:03:38,080 --> 00:03:40,680 Speaker 4: also outperformed the S and P five hundred this year. 77 00:03:40,720 --> 00:03:43,880 Speaker 4: They're up about thirteen percent on the year compared to 78 00:03:44,080 --> 00:03:45,840 Speaker 4: like a lot of names that have struggled this year. 79 00:03:45,880 --> 00:03:47,360 Speaker 4: That's pretty pretty significant. 80 00:03:48,040 --> 00:03:51,760 Speaker 1: Joe Doe the copper guy. He's the copper guy. 81 00:03:51,960 --> 00:03:53,360 Speaker 4: Yeah, he's the copper guy. 82 00:03:53,600 --> 00:03:53,680 Speaker 2: No. 83 00:03:53,720 --> 00:03:55,480 Speaker 1: I feel like we're going to be keeping an eye 84 00:03:55,600 --> 00:03:59,000 Speaker 1: on these names as more tariff information comes out. 85 00:03:59,040 --> 00:04:00,480 Speaker 4: Like it's certainly something to be friends. 86 00:04:00,640 --> 00:04:00,880 Speaker 1: Yeah. 87 00:04:00,920 --> 00:04:01,559 Speaker 4: Absolutely. 88 00:04:01,800 --> 00:04:05,000 Speaker 3: Alex Simonova sends good tweets. You got to see her 89 00:04:05,000 --> 00:04:08,200 Speaker 3: tweets the other last week. Okay, I'm on the plane. 90 00:04:08,920 --> 00:04:11,440 Speaker 3: I'm on the plane. Okay, I'm just doing what I 91 00:04:11,480 --> 00:04:14,320 Speaker 3: do on the plane. I'm scrolling through Instagram and a 92 00:04:14,320 --> 00:04:16,560 Speaker 3: friend of mine who knows doesn't know Alex, but she's 93 00:04:16,560 --> 00:04:20,520 Speaker 3: a journalist. She had one of Alex's tweets in her 94 00:04:20,560 --> 00:04:21,919 Speaker 3: Instagram story honored. 95 00:04:22,680 --> 00:04:23,840 Speaker 1: Do you know do you know what a big deal 96 00:04:23,920 --> 00:04:25,919 Speaker 1: that is? It is a big deal. Do you know 97 00:04:25,920 --> 00:04:26,599 Speaker 1: what tweet it was? 98 00:04:26,720 --> 00:04:27,280 Speaker 4: Which tweet was? 99 00:04:27,320 --> 00:04:29,080 Speaker 3: Because you write so many good tweets, think this is 100 00:04:29,120 --> 00:04:31,760 Speaker 3: your tweet about what it's like to be like a journalist, 101 00:04:31,800 --> 00:04:33,240 Speaker 3: always feeling like you have homework. 102 00:04:33,400 --> 00:04:35,320 Speaker 4: Yes, she's a journalist too, so. 103 00:04:35,320 --> 00:04:38,760 Speaker 1: She posted it. You know, it's like, yeah, everybody. 104 00:04:38,320 --> 00:04:40,560 Speaker 4: Feels I always feel like we have homework. Do like, 105 00:04:40,560 --> 00:04:42,960 Speaker 4: you can never truly relax. There's always something that you 106 00:04:43,000 --> 00:04:45,160 Speaker 4: have to read up, especially with all these you know, 107 00:04:45,240 --> 00:04:46,480 Speaker 4: markets announcements. 108 00:04:46,760 --> 00:04:49,240 Speaker 1: I will tell you he goes in broadcast. 109 00:04:49,640 --> 00:04:53,320 Speaker 3: You will go with a daily show when the market's closed, 110 00:04:53,839 --> 00:04:54,520 Speaker 3: our show's over. 111 00:04:54,680 --> 00:04:57,520 Speaker 1: Yeah, I'm kind of done. 112 00:04:57,440 --> 00:04:57,640 Speaker 2: Yeah. 113 00:04:58,279 --> 00:05:02,400 Speaker 4: I think when you're like in printed pitching the next story, 114 00:05:02,520 --> 00:05:04,640 Speaker 4: I have to and you can truss my teacher. 115 00:05:05,120 --> 00:05:07,320 Speaker 3: You can always do more edits and stuff. When you're live, 116 00:05:07,360 --> 00:05:09,400 Speaker 3: you're live exactly, you're stuck with us. 117 00:05:09,520 --> 00:05:11,560 Speaker 1: Yeah, we're kind of done until the next day, until 118 00:05:11,560 --> 00:05:12,240 Speaker 1: I've got to and. 119 00:05:12,240 --> 00:05:15,120 Speaker 4: Then you have a start. But it's just as crazy. 120 00:05:15,400 --> 00:05:18,039 Speaker 3: Maybe it's just because it doesn't feel like work, Alex, 121 00:05:18,279 --> 00:05:18,880 Speaker 3: That's what it is. 122 00:05:18,880 --> 00:05:20,880 Speaker 1: We're having so much, so much fun. Every day is 123 00:05:20,880 --> 00:05:22,560 Speaker 1: a holiday. When you're doing what you go around and 124 00:05:22,600 --> 00:05:24,360 Speaker 1: work kind of you know, a little bit later. Some 125 00:05:24,400 --> 00:05:26,000 Speaker 1: of us leave right at five o'h one. 126 00:05:26,560 --> 00:05:28,800 Speaker 4: I'm going to take inspiration from this and leave after this. 127 00:05:30,400 --> 00:05:32,799 Speaker 1: Do a tweet, put it out there because it'll definitely 128 00:05:32,800 --> 00:05:33,320 Speaker 1: get picked out. 129 00:05:33,320 --> 00:05:34,120 Speaker 4: How the pressure is on. 130 00:05:35,120 --> 00:05:40,720 Speaker 2: It is the Stock Movers podcast from Bloomberg Radio. Check 131 00:05:40,760 --> 00:05:43,279 Speaker 2: back with us throughout the day for the latest roundup 132 00:05:43,279 --> 00:05:46,159 Speaker 2: of companies making news on Wall Street and for the 133 00:05:46,240 --> 00:05:50,640 Speaker 2: latest market moving headlines. 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