1 00:00:02,520 --> 00:00:07,920 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,320 Speaker 2: in the stock market. Harnessing the power of Bloomberg data. 4 00:00:16,600 --> 00:00:18,479 Speaker 3: Let's take a look at some of the stocks that 5 00:00:18,520 --> 00:00:21,520 Speaker 3: are on the move today on Paul Sweeney alongside Lisa Matteo. 6 00:00:21,680 --> 00:00:23,840 Speaker 3: We're joined by Bloomberg Red Brown Red. What are you 7 00:00:23,840 --> 00:00:24,440 Speaker 3: looking at today? 8 00:00:24,680 --> 00:00:27,520 Speaker 1: Yeah, and first on my radar today is a Tapestry. 9 00:00:28,080 --> 00:00:30,280 Speaker 1: They are the worst performing stock in the SP five 10 00:00:30,360 --> 00:00:32,080 Speaker 1: hundred right now. That's the owner of Coach and Kate 11 00:00:32,159 --> 00:00:35,360 Speaker 1: Spade shares her down around seventeen percent, and that's the 12 00:00:35,360 --> 00:00:37,960 Speaker 1: steepest inter day drop since August of twenty twenty three. 13 00:00:38,840 --> 00:00:42,720 Speaker 1: So that's really coming off the back of company issuing 14 00:00:42,720 --> 00:00:45,400 Speaker 1: a new annual earnings per share forecast that came in 15 00:00:45,479 --> 00:00:47,559 Speaker 1: below the high end the high end, excuse me haying 16 00:00:47,560 --> 00:00:52,280 Speaker 1: below what with consentences was expecting. That new outlook includes 17 00:00:52,320 --> 00:00:57,120 Speaker 1: sixty sixty cent per share impact from tariffs, probably a 18 00:00:57,120 --> 00:01:00,640 Speaker 1: little bit more than what Wall Street was expecting. Company 19 00:01:01,000 --> 00:01:02,800 Speaker 1: is doing. It has had a great year, up around 20 00:01:02,840 --> 00:01:05,880 Speaker 1: seventy percent prior to today, but this kind of backs 21 00:01:05,920 --> 00:01:08,440 Speaker 1: it down below the fifty percent range now for the 22 00:01:08,760 --> 00:01:09,760 Speaker 1: year date returns, and. 23 00:01:09,920 --> 00:01:12,000 Speaker 3: It was like Kate Spade was not doing well for 24 00:01:12,480 --> 00:01:13,080 Speaker 3: at all. 25 00:01:14,000 --> 00:01:18,080 Speaker 1: Okay, let's go to the world biggest farm machinery maker, Deer. Yes, Deer, 26 00:01:18,480 --> 00:01:22,000 Speaker 1: another one in the red this morning, another one due 27 00:01:22,000 --> 00:01:26,600 Speaker 1: to the lowered full year outlook for profits falling around 28 00:01:27,640 --> 00:01:30,039 Speaker 1: six percent right now. At the moment was down around 29 00:01:30,080 --> 00:01:32,080 Speaker 1: eight percent, so pairing a little bit of the losses. 30 00:01:32,120 --> 00:01:34,840 Speaker 1: It's the worst inter day move since earlier this year, 31 00:01:34,840 --> 00:01:36,920 Speaker 1: since April, so around the time when we first got 32 00:01:36,920 --> 00:01:40,039 Speaker 1: the tariffs announced, and that is kind of a still 33 00:01:40,080 --> 00:01:41,760 Speaker 1: kind of a lingering issue for the company, but this 34 00:01:41,840 --> 00:01:45,399 Speaker 1: time it's just impacting the way that farmers are buying machinery. 35 00:01:45,440 --> 00:01:48,640 Speaker 1: There's just this kind of lower sentiment among farmers right 36 00:01:48,680 --> 00:01:50,960 Speaker 1: now that is having them delay and be cautious around 37 00:01:51,000 --> 00:01:54,520 Speaker 1: some of these bigger expenses for them. Add on that, 38 00:01:54,640 --> 00:01:58,720 Speaker 1: some of the pricing that's falling for for grain, livestock 39 00:01:58,760 --> 00:02:02,160 Speaker 1: prices are down and that's really weighing on the demand 40 00:02:02,240 --> 00:02:04,560 Speaker 1: for some of Deer's bigger equipment at the moment, and that. 41 00:02:04,560 --> 00:02:07,840 Speaker 3: Liigns with what we heard yesterday on this program. We 42 00:02:07,920 --> 00:02:11,600 Speaker 3: spoke to Brian Hefti, who is a farmer in South Dakota, 43 00:02:11,960 --> 00:02:13,320 Speaker 3: and we're talking to him just about the state of 44 00:02:13,320 --> 00:02:15,920 Speaker 3: the farmer, and he says it's tough out there because 45 00:02:15,919 --> 00:02:18,320 Speaker 3: crop prices are down, commodity prices are down, but his 46 00:02:18,520 --> 00:02:23,840 Speaker 3: costs arising, fertilizer, labor costs, even the interest rates hurt 47 00:02:23,840 --> 00:02:27,280 Speaker 3: because they're all indebted. So tough times out there for 48 00:02:28,280 --> 00:02:31,640 Speaker 3: the American farmer. Hopefully commodity prices will turn turn around here. 49 00:02:32,080 --> 00:02:32,800 Speaker 3: How about Cisco. 50 00:02:33,160 --> 00:02:35,600 Speaker 1: Yeah, Cisco the kind of the big one for today. 51 00:02:35,680 --> 00:02:37,359 Speaker 1: It is kind of flat at the moment. Shares word 52 00:02:37,360 --> 00:02:41,280 Speaker 1: down around four percent at the open. The move comes 53 00:02:41,320 --> 00:02:45,000 Speaker 1: after the you know, it offered its new official year 54 00:02:45,200 --> 00:02:48,320 Speaker 1: revenue guidance looking around sixty billion dollars at the high 55 00:02:48,360 --> 00:02:51,560 Speaker 1: end for the full year, and some analysts we're looking 56 00:02:51,560 --> 00:02:54,440 Speaker 1: around for sixty one billion. I think, you know, with 57 00:02:54,720 --> 00:02:57,839 Speaker 1: any company that has you know, mentioned that it will 58 00:02:57,880 --> 00:03:01,880 Speaker 1: have some AI exposure that becomes a little bit increased expectations, 59 00:03:01,919 --> 00:03:05,720 Speaker 1: higher optimism. So this may be just disappointed slightly. Again, 60 00:03:05,760 --> 00:03:07,880 Speaker 1: shares are kind of flat at the moment, so we'll 61 00:03:07,880 --> 00:03:10,720 Speaker 1: see how this plays out. It did report that they 62 00:03:10,840 --> 00:03:13,079 Speaker 1: had one billion dollars in sales related to AI for 63 00:03:13,360 --> 00:03:16,600 Speaker 1: last year. Maybe that's not enough for some people to 64 00:03:16,680 --> 00:03:18,959 Speaker 1: kind of jump into the stock at the moment. 65 00:03:19,320 --> 00:03:19,480 Speaker 3: You know. 66 00:03:19,639 --> 00:03:21,440 Speaker 1: Couple that with a little bit of concerns around how 67 00:03:21,440 --> 00:03:24,359 Speaker 1: competitive the space is becoming a broadcom Culett Packard also 68 00:03:24,480 --> 00:03:26,880 Speaker 1: kind of taking aim in the same markets, and maybe 69 00:03:26,880 --> 00:03:29,040 Speaker 1: that that has kind of dampered some of the optimism 70 00:03:29,040 --> 00:03:29,680 Speaker 1: around Cisco. 71 00:03:30,919 --> 00:03:34,960 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 72 00:03:35,040 --> 00:03:37,600 Speaker 2: us throughout the day for the latest roundup of companies 73 00:03:37,680 --> 00:03:40,760 Speaker 2: making news on Wall Street and for the latest market 74 00:03:40,800 --> 00:03:45,240 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 75 00:03:45,360 --> 00:03:48,880 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 76 00:03:48,920 --> 00:03:50,400 Speaker 2: the Bloomberg Business app.