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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Jim Standeveek along with Emily Graffeo.

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Speaker 1: Let's take a look at some stocks on the move

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Speaker 1: today with us is a Bloomberg News is Bil Donna Hirich,

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Speaker 1: Bil Donna.

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Speaker 3: What do you have on your radar?

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Speaker 2: I have a slate of.

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Speaker 4: Retail companies that I'm looking at that are really in

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Speaker 4: the news today, and they're I chose them because they

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Speaker 4: all have sort of personal relevance, maybe if not just

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Speaker 4: to me, but to all of us. Okay, one is

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Speaker 4: TJ Max. That's ticker TJX up about three point four

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Speaker 4: percent today after the off price retailer boosted its earnings

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Speaker 4: per share forecast for the full year. I personally love

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Speaker 4: the Tjmax brands. I'm a huge fan of Marshals. I

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Speaker 4: think a lot of people are and you can see that,

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Speaker 4: you know customers who maybe are growing really worried about

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Speaker 4: inflation and terror for related issues that they actually have

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Speaker 4: been shopping at Tgmax and Marshalls and some of their

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Speaker 4: other brands as we know that they are offering things

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Speaker 4: at a discount.

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Speaker 5: Maybe they're maybe they're pivoting away from some other higher

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Speaker 5: end retailers.

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Speaker 3: What's the personal connection to this one?

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Speaker 4: Are we talking about Targets?

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Speaker 5: I was trying to segue into Target.

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Speaker 3: I want to know the personal connection to TJX.

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Speaker 4: I said, I love Marshalls.

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Speaker 3: Oh yeah, I'm I'm like, sometimes you have to say

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Speaker 3: it twice for me.

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Speaker 4: Okay, should I say it a third time for you?

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Speaker 4: I love Marshalls.

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Speaker 3: I think it's the best store.

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Speaker 4: It's so fun you You'll spend so much money there

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Speaker 4: on stuff you absolutely do not need but absolutely love. Okay, yeah,

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Speaker 4: I'm not a spokesperson.

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Speaker 3: By the way, what Target?

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Speaker 5: Target?

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Speaker 1: Uh?

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Speaker 2: Take here?

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Speaker 4: TGT down some six percent. The retailer is picking an

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Speaker 4: internal CEO appointment, which is the news of that is

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Speaker 4: sort of offsetting better than expected second quarter results and

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Speaker 4: it did maintain its guidance. But Steel shares are lower

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Speaker 4: today because of that news about the CEO.

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Speaker 5: And he'll join Target's board this new CEO, while the

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Speaker 5: current CEO, Brian Cornell, who has led the big box

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Speaker 5: retailer since twenty fourteen, will transition to focus on his

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Speaker 5: role as executive chair. It's always kind of disappointing for

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Speaker 5: the company for the person, you know, assuming the role

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Speaker 5: when you see the shares fall as much as they

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Speaker 5: do when there's like a leadership change.

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Speaker 1: Well, it's been a really tough road for Cornell. There

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Speaker 1: have been a lot of issues not just with the

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Speaker 1: company's sales, but also culturally and sort of looking for

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Speaker 1: the identity in this new political environment. But yeah, anytime

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Speaker 1: you see executive shift or executive changeover in a stock

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Speaker 1: response like this, I think it.

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Speaker 4: And the opposite happened to Starbucks, right, Yeah, in Chipotle's

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Speaker 4: CFO brand when he went over to Yeah, I think

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Speaker 4: it rose twenty five percent that day or something along

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Speaker 4: those lines. Okay, finally Stay lauder S day latter another

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Speaker 4: retailer again, I know, I said, you know something that

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Speaker 4: might be near and dear to a lot of people's hearts,

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Speaker 4: maybe too yours, Tim, I'm not sure, but shares are

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Speaker 4: off by five percent today. It said it hired external

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Speaker 4: advisors to conduct a review of its brands, of the

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Speaker 4: brands that it owns, and they're really looking to accelerate

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Speaker 4: a turnaround after years of sales declines. Obviously, they carry

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Speaker 4: a number of different brands world renowned name and for

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Speaker 4: those who are not in the know, it's skincare, it's cosmetics,

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Speaker 4: it's hair care, it's fragrances, so shares off by five percent, and.

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Speaker 5: It's fancy skincare. One of their brands is La Maier,

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Speaker 5: which infamously has a moisturizer that goes for Hunt for

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Speaker 5: ninety dollars. Tim, if you're a lot to the luxury

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Speaker 5: skincare lore, I.

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Speaker 3: Will say they do own Lo Lavo, which is the

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Speaker 3: what my wife really likes. So great fragrance. That's a fragrance.

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Speaker 3: Grand Yeah, that's right, I know.

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Speaker 2: The stockmover's report from Bloomberg Radio. Check back with us

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Speaker 2: throughout the day for the latest roundup of companies making

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Speaker 2: news on Wall Street and for the latest market moving headlines.

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