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 --> 00:00:14,080 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:18,200 Speaker 1: harnessing the power of Bloomberg data. Let's take a look 4 00:00:18,239 --> 00:00:19,840 Speaker 1: at some of the stocks on the move today. 5 00:00:19,840 --> 00:00:21,560 Speaker 2: I'm Paul Sweny along with John Tucker. 6 00:00:21,720 --> 00:00:24,239 Speaker 1: They were joined by Bloomers Jess Ben Jess. 7 00:00:24,280 --> 00:00:25,680 Speaker 3: What are you looking at today? I wanted to point 8 00:00:25,720 --> 00:00:28,040 Speaker 3: out what's going on in retail because I feel like 9 00:00:28,080 --> 00:00:29,960 Speaker 3: so many times when we have these companies come out, 10 00:00:30,120 --> 00:00:32,880 Speaker 3: it's kind of a tale of two different stories depending 11 00:00:32,880 --> 00:00:34,920 Speaker 3: on which retailer we're talking about. So I wanted to 12 00:00:34,960 --> 00:00:38,680 Speaker 3: start with Alta, a beauty U. LTA's a taker symbol 13 00:00:38,760 --> 00:00:40,839 Speaker 3: on this up about fifteen percent on pace for its 14 00:00:40,880 --> 00:00:43,960 Speaker 3: best day since April twenty twenty. There is so quite 15 00:00:44,040 --> 00:00:46,720 Speaker 3: the move there, and it's atop the leader board when 16 00:00:46,720 --> 00:00:49,080 Speaker 3: you're looking at the S and P five hundred, so 17 00:00:49,080 --> 00:00:51,199 Speaker 3: the best performer today, So if you're looking at that, 18 00:00:51,479 --> 00:00:54,800 Speaker 3: of course a cosmetics retailer. It actually jumped on a 19 00:00:54,800 --> 00:00:57,680 Speaker 3: profit forecast that was boost us. And also annals are 20 00:00:57,680 --> 00:01:00,440 Speaker 3: flagging some of that strong execution at the company, with 21 00:01:00,520 --> 00:01:04,160 Speaker 3: City analysts also noting that some of the competitive pressures 22 00:01:04,160 --> 00:01:07,880 Speaker 3: from its new points of distribution sale Sephora is beginning 23 00:01:07,920 --> 00:01:10,960 Speaker 3: to abate there, So looking at that an R function, 24 00:01:11,080 --> 00:01:14,160 Speaker 3: I know that Paul Sweety likes to keep an eye 25 00:01:14,200 --> 00:01:17,040 Speaker 3: on here when you're looking at those cell side recommendations. 26 00:01:17,040 --> 00:01:21,080 Speaker 3: So sixteen buys A thirteen holds two cells so far. 27 00:01:21,160 --> 00:01:23,600 Speaker 3: But then also if you move over and you look 28 00:01:23,640 --> 00:01:28,200 Speaker 3: at apparel, specifically looking at Gap, which reported earnings after 29 00:01:28,200 --> 00:01:30,800 Speaker 3: the bell yesterday, that stucks down over twenty percent this 30 00:01:30,920 --> 00:01:34,400 Speaker 3: morning alone, so it's erased its year to date gains. 31 00:01:34,440 --> 00:01:37,399 Speaker 3: And it's also its biggest drop as far as word's 32 00:01:37,440 --> 00:01:39,400 Speaker 3: at today if it goes through the close since November 33 00:01:39,440 --> 00:01:42,919 Speaker 3: of twenty twenty one. There, So if you're looking also, unfortunately, 34 00:01:42,920 --> 00:01:45,319 Speaker 3: we've talked so much about tariffs tied to the consumer, 35 00:01:45,480 --> 00:01:48,240 Speaker 3: so Gap was warning and it did predict that a 36 00:01:48,280 --> 00:01:51,520 Speaker 3: tariff impact of as much as three hundred million dollars 37 00:01:51,800 --> 00:01:54,120 Speaker 3: could impact the company this year, and it revealed some 38 00:01:54,200 --> 00:01:56,800 Speaker 3: of that stubborn weakness that two of its smaller brands 39 00:01:56,840 --> 00:01:59,720 Speaker 3: when it comes to Ni Republic as well as Athletic Club. 40 00:02:00,160 --> 00:02:01,960 Speaker 2: Heard of the Lipstick index. 41 00:02:02,200 --> 00:02:04,720 Speaker 3: Of course, it's it's a key crucial tide of the economy. 42 00:02:04,720 --> 00:02:07,080 Speaker 3: It was a little tricky though during COVID during the pandemic, 43 00:02:07,160 --> 00:02:11,919 Speaker 3: because everyone was tied stuck at home, so it wasn't well. 44 00:02:12,000 --> 00:02:15,080 Speaker 2: The CEO. I love this, the CEO. Many consumers indicate 45 00:02:15,120 --> 00:02:17,680 Speaker 2: they're leaning into beauty as a comfort and a scate. 46 00:02:17,760 --> 00:02:20,240 Speaker 3: It's also one of those things that people view as 47 00:02:20,280 --> 00:02:23,200 Speaker 3: recession proof because no matter and then also that's something 48 00:02:23,200 --> 00:02:26,320 Speaker 3: when I've talked to portfolio managers about with say Estay 49 00:02:26,360 --> 00:02:28,560 Speaker 3: Later and different companies like that. Even though they've had 50 00:02:28,560 --> 00:02:32,000 Speaker 3: some issues with their exposures overseas taking some hits there, 51 00:02:32,240 --> 00:02:34,120 Speaker 3: a lot of times they own those stocks because they 52 00:02:34,200 --> 00:02:36,680 Speaker 3: view them as regardless of what the cycles are in 53 00:02:36,720 --> 00:02:39,440 Speaker 3: the economy. Women and others that are, you know, buying 54 00:02:39,480 --> 00:02:41,280 Speaker 3: some of these beauty products, they're going to continue to 55 00:02:41,280 --> 00:02:41,680 Speaker 3: do so. 56 00:02:41,680 --> 00:02:44,799 Speaker 2: So when you see macro uncertainty, do you say to yourself, 57 00:02:44,840 --> 00:02:46,800 Speaker 2: I'm going to go get some eyeliner. 58 00:02:48,840 --> 00:02:52,760 Speaker 3: The fair. I mean, I'm still you know, purchasing. 59 00:02:54,440 --> 00:02:55,120 Speaker 2: Companies. 60 00:02:55,160 --> 00:02:56,919 Speaker 1: What's going on with Ball's. 61 00:02:56,639 --> 00:02:58,640 Speaker 3: Over and he wants to move on to Cooper companies. 62 00:02:58,680 --> 00:03:02,400 Speaker 3: So this is a medical device company. It's headquartered in California, 63 00:03:02,480 --> 00:03:04,120 Speaker 3: So if you look at this, it's actually one of 64 00:03:04,120 --> 00:03:07,440 Speaker 3: the worst performers in the S and P five hundred 65 00:03:07,720 --> 00:03:10,280 Speaker 3: if you're looking at that today two So it has 66 00:03:10,320 --> 00:03:13,080 Speaker 3: a market cap over ten billion dollars, but it's down 67 00:03:13,160 --> 00:03:15,919 Speaker 3: twelve percent. COO is the ticker symbol for Cooper Company, 68 00:03:15,960 --> 00:03:18,400 Speaker 3: so it's on pace for its worst drop since March 69 00:03:18,400 --> 00:03:20,600 Speaker 3: of twenty twenty. Obviously that was the height of the 70 00:03:20,639 --> 00:03:24,200 Speaker 3: when the pandemic started there. So actually what happened here 71 00:03:24,520 --> 00:03:29,000 Speaker 3: it cut its organic growth outlook, So that's the problem 72 00:03:29,040 --> 00:03:31,720 Speaker 3: that's really weighing on the stock right now too. And 73 00:03:31,800 --> 00:03:34,760 Speaker 3: of course it's also a contact lens maker, and that's 74 00:03:34,760 --> 00:03:38,120 Speaker 3: why people are watching it pretty closely. So that, yeah, exactly, 75 00:03:38,120 --> 00:03:40,240 Speaker 3: So that's why you've heard that name if it does 76 00:03:40,280 --> 00:03:42,680 Speaker 3: sound familiar. So it reported better than expected results for 77 00:03:42,720 --> 00:03:45,800 Speaker 3: the second quarter, but that disappointing guidance ended up spurring 78 00:03:45,840 --> 00:03:49,200 Speaker 3: a downgrade by JP Morgan right now, so they actually 79 00:03:49,280 --> 00:03:52,080 Speaker 3: cut their target to neutral from overweight. The price target 80 00:03:52,120 --> 00:03:55,000 Speaker 3: is seventy six dollars previously was one hundred and ten dollars. 81 00:03:55,680 --> 00:03:56,840 Speaker 1: Generon pharmaceutical. 82 00:03:57,040 --> 00:03:59,960 Speaker 3: Yeah, so this one is also actually the worst perform 83 00:04:00,040 --> 00:04:03,280 Speaker 3: former in the S and P five hundred this morning too, 84 00:04:03,400 --> 00:04:07,200 Speaker 3: So r EGN is the ticker symbol for Regeneral On Pharmaceuticals, 85 00:04:07,240 --> 00:04:09,960 Speaker 3: down seventeen percent at this point this morning, on pace 86 00:04:10,000 --> 00:04:14,080 Speaker 3: for its worst day since April of twenty eleven there, 87 00:04:14,160 --> 00:04:16,440 Speaker 3: So that's quite the drop when you're looking at that. 88 00:04:16,480 --> 00:04:19,000 Speaker 3: And also this happens to happen when it actually had 89 00:04:19,040 --> 00:04:22,640 Speaker 3: an even smoker's lung drug data trial here, and that's 90 00:04:22,640 --> 00:04:24,520 Speaker 3: why you're seeing that as well as if you're moving 91 00:04:24,520 --> 00:04:28,480 Speaker 3: over and just looking at the not even just healthcare 92 00:04:28,560 --> 00:04:30,760 Speaker 3: index in the S and P five hundred, but also 93 00:04:30,839 --> 00:04:33,680 Speaker 3: specifically when it comes to pharmaceutical stocks that's weighing more 94 00:04:33,720 --> 00:04:35,599 Speaker 3: broadly all those shares this morning. 95 00:04:37,240 --> 00:04:41,360 Speaker 1: The Stock Movers podcast from Bloomberg Radio. 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