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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg Data.

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Speaker 2: Let's take a look at some stocks on the move today.

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Speaker 2: I'm Tom Keen with Paul Sweeni and Bloomberg's Lisa Matteo.

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Speaker 2: Here with the movers today. Is Tarje a mover?

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Speaker 3: Yes, Tarje, you said it correctly, Thank you very much,

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Speaker 3: ticking TGT. It's down as much as three percent, so

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Speaker 3: basically they shrim their profit forecast for the year. It's

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Speaker 3: dealing with markdown, softman key merchandise areas. It's COO was

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Speaker 3: actually going to become the CEO in February. He said

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Speaker 3: that they're not even satisfied with the current results, but

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Speaker 3: he said they're moving in the right direction. The company's

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Speaker 3: been struggling to return to growth and had this big

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Speaker 3: boom during the pandemic. A lot of challenges, right they

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Speaker 3: had the tougher consumer economy, cooling job market. But if

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Speaker 3: you remember, it was also hit by those boycotts when

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Speaker 3: it kind of pulled back on its firsity initiatives.

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Speaker 4: So that's kind of hurting the company.

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Speaker 3: They plan though, to increase capital spending to five billion

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Speaker 3: next year.

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Speaker 4: They're using AI.

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Speaker 3: They're partnering with open ai to let trumpers use you know,

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Speaker 3: chat GPT on its platform.

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Speaker 4: So they're starting to do things.

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Speaker 2: Lisa, Costco help us here for our international audience. What's

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Speaker 2: the difference when you walk into a Target versus a Walmart?

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Speaker 3: I say, there's more. It's about value. I don't know,

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Speaker 3: I feel like you. I always spend more at Target.

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Speaker 3: Maybe it's just my daughter.

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Speaker 1: I don't know.

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Speaker 4: Maybe she just piles up the cart with the.

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Speaker 3: Yes because they love the beauty products. Oh they do

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Speaker 3: do that, yes, yes, yes, but that's what I feel

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Speaker 3: like other like a Costco or like a Walmart's.

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Speaker 5: Well, here's a Blomberg headline here, Target studying ways to

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Speaker 5: expand beauty offerings after halta deal. Right, just cross the

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Speaker 5: tape naked. That's amazing, making car daughters of line three?

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Speaker 2: Yes.

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Speaker 4: Next, all right, we go to Low's.

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Speaker 3: Remember TAKR Low up as much as six percent home

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Speaker 3: depot yesterday. They said consumers were pulling back on these

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Speaker 3: big ticket items that pushed them to cut their full

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Speaker 3: year profit target. But Low's reported profit topped expectations, so

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Speaker 3: they did better positive same store sales growth second quarter

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Speaker 3: in a row.

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Speaker 4: A big thing for them is.

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Speaker 3: That pick up an online sales growth from professional contractors.

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Speaker 3: And they've really been focusing on this. If you remember,

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Speaker 3: they had that you know, more than eight billion dollar

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Speaker 3: cash yal to buy out Drywall Company foundation building materials,

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Speaker 3: and that deepen their market position with contractors. And the

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Speaker 3: reason contractors are important because they tend to buy more

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Speaker 3: and they spend more frequently compared to every day joe

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Speaker 3: like me who walks in the.

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Speaker 5: Store, right or John Tucker Joker, yeah, John Tucker, right, yeah.

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Speaker 5: And what Drew Redding said from Bloomberg Intelligence is Home

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Speaker 5: Depot does have a higher percentage of its revenue come

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Speaker 5: from those professionals builders as Lows. So okay, Low's just

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Speaker 5: trying to close the.

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Speaker 2: Gap a little bit. They moved over to Third Avenue,

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Speaker 2: and I can tell you that the professionals yep as

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Speaker 2: you call them, are lined up and four pole parked, yes,

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Speaker 2: taking Third Avenue down with one lane ex around the

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Speaker 2: new Home.

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Speaker 5: Depot exactly just got away from here. That's good enough

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Speaker 5: for men exactly. Okay.

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Speaker 3: Next, we have marketing platform sem Rush sem are there.

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Speaker 3: Shares are up as much as seventy four percent. Okay,

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Speaker 3: the reason behind this is Adobe News.

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Speaker 5: Right.

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Speaker 3: Adobe agreed to buy the company one point nine billion dollars.

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Speaker 3: It's actually Adobe's first takeover anouncement since they had that

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Speaker 3: failed number twenty billion dollar acquisition of Figma back in

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Speaker 3: twenty twenty two. All cash deal expected to close the

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Speaker 3: first half of twenty twenty six. If you're wondering, like,

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Speaker 3: what is sem rush? What do they do? Okay, they're

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Speaker 3: this platform. They allow businesses to analyze optimize their online marketing,

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Speaker 3: but it includes how their company appears in AI search results,

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Speaker 3: which is key.

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Speaker 4: It was just what Adobe is kind of looking.

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Speaker 3: It feels like it's going to help them kind of

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Speaker 3: expand in that space because they also offer things like

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Speaker 3: marketing and analytics tools.

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Speaker 4: So they're hoping that's going to help out.

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Speaker 2: Go wad up in Boston. Yeah, getting it done for

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Speaker 2: fifteen hundred people, Okay, Gene eleven, Brian mulroy and a

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Speaker 2: host of others.

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Speaker 5: Yep, all right, technology, go for it.

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Speaker 2: Congratulations. Brinley Johnson's having a busy morning there as well.

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Speaker 2: Is that all you have today? Do you have a

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Speaker 2: n video comment or.

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Speaker 3: No, you want to call lazy boy, please Lady Lazy

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Speaker 3: march lazy Boy. Their shares are up like eleven percent

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Speaker 3: sales adjustor for share beat expectations, So good news for

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Speaker 3: Lazyboy survived.

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Speaker 4: That's recliners absolutely.

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Speaker 1: This stock Movers report from Bloomberg Radio. Check back with

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Speaker 1: us throughout the day for the latest roundup of companies

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Speaker 1: making news on Wall Street and for the latest market

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