1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:16,440 --> 00:00:18,639 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,840 --> 00:00:24,080 Speaker 3: Here's Bloomberg's Lisa Manteo. We're all fired up here here. 6 00:00:24,079 --> 00:00:27,280 Speaker 3: Of course, you know pet Co chewing in all of them. 7 00:00:27,440 --> 00:00:29,080 Speaker 3: Might as well give your heart and soul to it. 8 00:00:29,520 --> 00:00:33,000 Speaker 3: Joining us out on Wolf Lisa. 9 00:00:32,360 --> 00:00:34,320 Speaker 4: I love it, take her woof. 10 00:00:34,840 --> 00:00:35,000 Speaker 3: Yeah. 11 00:00:35,080 --> 00:00:37,440 Speaker 4: Petco's shares have been up more than twenty percent before 12 00:00:37,479 --> 00:00:40,120 Speaker 4: the bell, so a big surge. It raised its earnings 13 00:00:40,159 --> 00:00:42,360 Speaker 4: targets for the year. But the company has been under 14 00:00:42,400 --> 00:00:45,440 Speaker 4: this turnaround, so it's starting to work. I mean, it 15 00:00:45,440 --> 00:00:48,680 Speaker 4: brought in CEO Joel Anderson reported its first annual net 16 00:00:48,680 --> 00:00:50,720 Speaker 4: loss as a public company, so they brought him into 17 00:00:51,000 --> 00:00:53,920 Speaker 4: kind of shake things up. So he's focused on like 18 00:00:54,040 --> 00:00:58,360 Speaker 4: revamping the stores, closing underperforming locations. He's we're reworking all 19 00:00:58,400 --> 00:01:01,960 Speaker 4: the inventory. He's adding investment in high growth areas like 20 00:01:02,080 --> 00:01:05,520 Speaker 4: animal pharmacies and also grooming. Yes, Tom knows about the 21 00:01:05,520 --> 00:01:08,760 Speaker 4: grooming costs. And then when you compare it to Chewi, 22 00:01:09,720 --> 00:01:12,240 Speaker 4: Petco has fallen about fifteen percent this year through the 23 00:01:12,280 --> 00:01:15,520 Speaker 4: market closed yesterday, compared to a twenty four percent rise 24 00:01:15,920 --> 00:01:20,039 Speaker 4: for Chewie. So the two just where's Amazon? 25 00:01:20,120 --> 00:01:20,560 Speaker 3: And all this. 26 00:01:22,760 --> 00:01:25,400 Speaker 1: Deep at Topper on vet Bill's food is Bill get 27 00:01:25,440 --> 00:01:27,840 Speaker 1: topper is on Topper like like a little something that 28 00:01:28,000 --> 00:01:30,280 Speaker 1: makes you know since not just like your technical run 29 00:01:30,280 --> 00:01:31,520 Speaker 1: of the mill like doghood. 30 00:01:31,640 --> 00:01:35,119 Speaker 3: My brother called up and said they'd switched to some fancy, 31 00:01:35,480 --> 00:01:39,960 Speaker 3: overpriced live like real food. Yeah, yeah, that's so Unfortunately 32 00:01:40,000 --> 00:01:43,520 Speaker 3: we tried it because of him, and the dogs instantly 33 00:01:43,560 --> 00:01:45,679 Speaker 3: were better. They liked it, they looked better. 34 00:01:47,640 --> 00:01:49,240 Speaker 1: So we do this high end. 35 00:01:49,320 --> 00:01:51,600 Speaker 3: They don't missus. Kean won't let me know what it costs. 36 00:01:52,080 --> 00:01:54,040 Speaker 4: It's just it has to be in the fridge, doesn't it. 37 00:01:53,840 --> 00:01:55,880 Speaker 3: It has to be in the fridge, and it comes 38 00:01:55,880 --> 00:01:59,040 Speaker 3: in a big fridge box. Good morning, Nashville, Tennessee. I 39 00:01:59,040 --> 00:02:04,360 Speaker 3: think it's worth comes from but it's dogs. Kettle Fee 40 00:02:04,400 --> 00:02:09,519 Speaker 3: went to the dentist one two dollars Wait what one 41 00:02:10,040 --> 00:02:11,000 Speaker 3: two down? 42 00:02:11,040 --> 00:02:11,919 Speaker 1: Pressure dog teeth? 43 00:02:12,000 --> 00:02:15,840 Speaker 3: No, kettle Fee is really hot like she's doing she's 44 00:02:15,880 --> 00:02:20,560 Speaker 3: doing something like with ogl V or something ADS And 45 00:02:19,720 --> 00:02:23,480 Speaker 3: they said you got to get the teeth done. So 46 00:02:23,520 --> 00:02:26,360 Speaker 3: we got the doggy teeth done for twelve hundred bucks. 47 00:02:26,600 --> 00:02:29,959 Speaker 4: Next, my goodness, that's why I have no pets. Dell, 48 00:02:30,120 --> 00:02:32,000 Speaker 4: that's where we're going next. Tick R D e L. 49 00:02:32,600 --> 00:02:35,480 Speaker 4: Their shares have been down about six percent, so they 50 00:02:35,480 --> 00:02:37,760 Speaker 4: booked fewer sales of AI servers and in the previous 51 00:02:37,800 --> 00:02:41,440 Speaker 4: three months repeated reported profit marketins that fell short. But 52 00:02:41,520 --> 00:02:43,799 Speaker 4: there's been this sales boom for makers of high powered 53 00:02:43,800 --> 00:02:46,680 Speaker 4: servers like Dell because of the need for computing to run. 54 00:02:46,880 --> 00:02:49,399 Speaker 3: So they're Michael Dell is AIE. 55 00:02:50,160 --> 00:02:54,800 Speaker 4: Yes, the servers, the servers, so because they depend on 56 00:02:54,840 --> 00:02:59,080 Speaker 4: these expensive processors from companies like Nvidia and Advanced micro 57 00:02:59,080 --> 00:03:02,960 Speaker 4: Devices a MD, investors are worried about the profitability of 58 00:03:03,000 --> 00:03:05,000 Speaker 4: the AI server, so that's a big worry for the 59 00:03:05,240 --> 00:03:08,040 Speaker 4: for them. Despite all that, though Dell did boost its 60 00:03:08,040 --> 00:03:11,560 Speaker 4: annual outlook. They posted quarterly sales and profit top estimates. 61 00:03:11,800 --> 00:03:14,520 Speaker 4: It's rival HP. We talked about them the other day. 62 00:03:14,760 --> 00:03:17,960 Speaker 4: They had better number PC numbers Wednesday, sales rising about 63 00:03:18,000 --> 00:03:20,320 Speaker 4: six percent. But when you compare the two mean overall 64 00:03:20,440 --> 00:03:23,119 Speaker 4: HP shares have performed worse of the pandemic. 65 00:03:23,320 --> 00:03:26,960 Speaker 3: Dell's of forty per year. Yeah, bottom of the pandemic. 66 00:03:27,040 --> 00:03:28,560 Speaker 1: I mean, yeah, of course, no. I mean, well, it 67 00:03:28,560 --> 00:03:30,200 Speaker 1: depends on what you got in. But I mean Dell's 68 00:03:30,240 --> 00:03:32,639 Speaker 1: actually made some progress in recent years. I think on 69 00:03:32,880 --> 00:03:34,960 Speaker 1: a number of different fronts, their top line, their bottom line, 70 00:03:34,960 --> 00:03:37,640 Speaker 1: they've improved margins. Yeah, I mean, okay, company. 71 00:03:37,800 --> 00:03:40,880 Speaker 4: One more, We got to go to Caterpillar c at Yes, 72 00:03:40,960 --> 00:03:45,160 Speaker 4: the world's biggest maker machinery right minor mining construction. It 73 00:03:45,360 --> 00:03:48,320 Speaker 4: warned that it faces a larger than expected tariff headwind 74 00:03:48,560 --> 00:03:50,200 Speaker 4: and they gave a private as much of one point 75 00:03:50,240 --> 00:03:53,320 Speaker 4: eight billion dollars this year. Now you compare that, it's 76 00:03:53,400 --> 00:03:55,880 Speaker 4: higher than their August fifth guidance, which put it at 77 00:03:55,880 --> 00:03:58,400 Speaker 4: one point three to one point five. So it's a 78 00:03:58,400 --> 00:04:00,920 Speaker 4: bit higher, they say the revision, and it's not expected 79 00:04:00,960 --> 00:04:03,400 Speaker 4: to affect the company's sales and revenue outlook that we're 80 00:04:03,400 --> 00:04:06,560 Speaker 4: provided back in August, City saying the main reason is 81 00:04:06,600 --> 00:04:10,480 Speaker 4: because tariffs and steel aluminum, I mean huge for them, obviously. 82 00:04:11,560 --> 00:04:15,600 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 83 00:04:15,680 --> 00:04:18,240 Speaker 2: us throughout the day for the latest roundup of companies 84 00:04:18,320 --> 00:04:21,440 Speaker 2: making news on Wall Street and for the latest market 85 00:04:21,440 --> 00:04:25,920 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. 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