WEBVTT -  D.R. Horton Jumps, Lockheed Martin Falls, Kohl’s Skyrockets

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<v Speaker 1>Bloomberg Audio Studios podcasts, radio News.

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<v Speaker 2>The Stock Movers podcast, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I'm Carol Master along with Tim Stenovik. So let's get

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<v Speaker 3>to some stocks on the move today with us as

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<v Speaker 3>Bloomberg News Equities supporter Noura Melinda.

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<v Speaker 4>All Right, Norah stock number.

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<v Speaker 5>One, plethord to choose from today, But I'm looking at

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<v Speaker 5>shares of d R Horton.

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<v Speaker 4>Let's take her Dhi.

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<v Speaker 5>This is one of the stocks that I actually cover,

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<v Speaker 5>is a home builder, and it's one of the bell

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<v Speaker 5>weathers in the industry.

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<v Speaker 4>We're seeing shares up.

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<v Speaker 5>This afternoon, and this is after it reported orders that

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<v Speaker 5>topped expectations and a third quarter EPs B and so

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<v Speaker 5>this is really good, especially if you think about the

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<v Speaker 5>sluggish housing market.

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<v Speaker 4>This is great news for the sector.

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<v Speaker 5>So we're seeing a widespread rally coming off of this,

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<v Speaker 5>as we're seeing a lot of these other companies like

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<v Speaker 5>Polti Group, which also reported earnings rising and sympathy here.

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<v Speaker 1>Well, it's all good news, though, I mean is it?

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<v Speaker 1>Because if we.

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<v Speaker 4>I know, right, what is the good news?

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<v Speaker 1>We what we heard from the President earlier today about

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<v Speaker 1>interest rates and about people not being able to afford homes.

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<v Speaker 1>As a result of that, rates are still high, their

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<v Speaker 1>concerns about construction costs. So I guess the expectations were

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<v Speaker 1>not high.

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<v Speaker 5>I mean, there's definitely a lot of overhangs right now

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<v Speaker 5>when you think about the broader real estate industry, but

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<v Speaker 5>particularly residential real estate. And we know that Dr Horton

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<v Speaker 5>actually targets some of the entry level buyers and the

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<v Speaker 5>move up buyers. And it's interesting because if you think

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<v Speaker 5>about the average you know, millennial or people who are

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<v Speaker 5>looking to get a new home, I don't really hear

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<v Speaker 5>that many people saying that they're closing. So it's interesting

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<v Speaker 5>that we are getting these results. But we do have

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<v Speaker 5>Zeman the analysts there. They're pointing out that while this

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<v Speaker 5>was a solid report here, we did see that management

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<v Speaker 5>tweaked the midpoint of its twenty twenty five revenue and

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<v Speaker 5>closing guidance that's a little bit slightly lower. So we

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<v Speaker 5>do have analysts that are really still trying to see

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<v Speaker 5>if they are still offering these incentives because the used

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<v Speaker 5>to do a lot of these buydowns where they would

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<v Speaker 5>buy down the rates to cheaper, and you know, I

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<v Speaker 5>throw on a dishwasher throwing some fun things.

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<v Speaker 4>We did five.

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<v Speaker 3>Points right, Oh god, I have a yeah she was

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<v Speaker 3>so she was aggresive, really smart. But I should put

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<v Speaker 3>out that home building stocks as a whole, they're up

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<v Speaker 3>about ten percent. So investors taking note. Quite a day

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<v Speaker 3>that you had Darrel, Horton and Paulty. Right, but come

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<v Speaker 3>out with some news that has caught the attention of investors.

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<v Speaker 3>All right, let's go to stock number two. Where do

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<v Speaker 3>you want to take us?

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<v Speaker 4>Let's go to Lockheed Martin.

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<v Speaker 5>This is the other industry that I cover, aerospace and

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<v Speaker 5>defense company.

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<v Speaker 4>So we're seeing take our LMT.

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<v Speaker 5>That's the worst performing stock in the S and P

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<v Speaker 5>five hundred today, really seeing a decline.

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<v Speaker 4>It was earlier down as much as ten percent.

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<v Speaker 5>That's the biggest drop since October of twenty twenty one.

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<v Speaker 5>And we're seeing a stock that's out about fourteen percent

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<v Speaker 5>so far this year. But what people are really taking

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<v Speaker 5>away from these earnings today is the fact that it

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<v Speaker 5>had a one point six billion dollar amount in charges

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<v Speaker 5>and a possible tax hit, and that's what's really set

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<v Speaker 5>the stock tumbling. But we do see a lot of

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<v Speaker 5>the things that have really been a headwind for the

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<v Speaker 5>stock is the fact of the critic criticism that has

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<v Speaker 5>really been receiving or arding its F thirty five jets,

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<v Speaker 5>so lots of cost overruns and delays that has really

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<v Speaker 5>been riddling the company here.

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<v Speaker 1>They also didn't get the F forty seven that was

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<v Speaker 1>the new plane that was announced back in March. I

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<v Speaker 1>believe that ended up going to Boeing instead.

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<v Speaker 4>No, absolutely so.

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<v Speaker 5>I mean there's a lot of things that people have

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<v Speaker 5>really been parsing as it pertained to this company.

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<v Speaker 4>And it seems as though Wall Street's quite.

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<v Speaker 5>Critical today, but not super surprising because I think people

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<v Speaker 5>had expectations that were kind of low coming into aerospace

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<v Speaker 5>and defense earnings. We do see northwk Grumman as a

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<v Speaker 5>gainer right now, but overwhelmingly you are seeing a bit

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<v Speaker 5>of people.

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<v Speaker 4>Sour right now when it comes to aerospace.

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<v Speaker 6>Exists sense potentially four point six billion dollars in additional

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<v Speaker 6>taxes owed after an accounting change, and apparently I guess

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<v Speaker 6>they're talking with the SEC about this or contesting.

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<v Speaker 3>The matter with the Eternal Revenue Service, But I mean.

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<v Speaker 4>That would be massive, absolutely massive. We're looking at the

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<v Speaker 4>st off it's one time.

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<v Speaker 5>But yeah, yeah, yeah, I mean I think that these

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<v Speaker 5>are so really interesting things that it seems like people

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<v Speaker 5>are really pointing a finger poking here.

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<v Speaker 3>All right, poke at KSS.

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<v Speaker 4>That was a good one, thank you. Yes.

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<v Speaker 5>So we're looking at shares of Coals, and this is

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<v Speaker 5>interesting because we've really been seeing this meme stock rally returning.

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<v Speaker 5>Another company that I cover is open Door Technologies. That's

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<v Speaker 5>take her open and we're just seeing a wide base

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<v Speaker 5>rally right now between Coals and open Door.

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<v Speaker 4>But let's look at Coles here.

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<v Speaker 5>We're actually seeing this, of course because of social media chatter,

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<v Speaker 5>as is typical when we think about these memestocks. Here,

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<v Speaker 5>we're seeing shares that doubled more than doubled this today

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<v Speaker 5>throughout trading, and we are seeing shares that are up

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<v Speaker 5>about eighty six percent.

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<v Speaker 4>That's insane as.

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<v Speaker 5>We speak right now, but we are seeing it fading

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<v Speaker 5>a little bit earlier, up as much as one hundred

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<v Speaker 5>and five percent. But this is really just Coals ripping

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<v Speaker 5>right now. And a lot of people are pointing back

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<v Speaker 5>toward that twenty twenty one memestock script that we were

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<v Speaker 5>seeing played out with GameStop, and of course all the others.

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<v Speaker 4>Forty nine percent of the float short short interest.

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<v Speaker 1>Yeah, just saying it's a short interest.

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<v Speaker 3>I know we should because it's like, you know, it

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<v Speaker 3>tells a story.

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<v Speaker 4>It does. Investors are not all in.

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<v Speaker 1>Last week, or they might have to do a bunch

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<v Speaker 1>of shortcovering. Crypto assets at four trillion dollars Bitcoin around

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<v Speaker 1>all time highs, Meme stocks are being Mimi.

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<v Speaker 3>Again and everything is awesome. What's going on kind of

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<v Speaker 3>movement from it is kind of fascinating to watch.

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<v Speaker 2>The Stock Movers podcast from Bloomberg Radio. Check back with

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