1 00:00:02,520 --> 00:00:09,719 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:09,920 --> 00:00:13,360 Speaker 2: This is the closing bell on this stock mover's report. 3 00:00:13,600 --> 00:00:16,560 Speaker 2: The companies making moves at the close of US trading 4 00:00:16,800 --> 00:00:21,479 Speaker 2: with Carol Masser, Tim Stenobeck, Romain, Bostik, and Scarlet Foo. 5 00:00:22,200 --> 00:00:24,119 Speaker 3: Two hundred and sixty one to the upside at the 6 00:00:24,160 --> 00:00:26,640 Speaker 3: close two hundred and thirty eight to the downside in 7 00:00:26,680 --> 00:00:28,840 Speaker 3: the S and P five hundred. So even though Scarlett 8 00:00:28,880 --> 00:00:31,800 Speaker 3: as the S and P five hundred fell, more stocks 9 00:00:31,840 --> 00:00:32,680 Speaker 3: in the index. 10 00:00:32,400 --> 00:00:34,680 Speaker 4: Did move higher, and that shows up in the IMAP 11 00:00:34,760 --> 00:00:37,159 Speaker 4: as well. Seven out of four sector out of the 12 00:00:37,200 --> 00:00:40,519 Speaker 4: eleven sectors finished in the green four finishing down. But 13 00:00:40,600 --> 00:00:43,360 Speaker 4: the ones that did finish down consumer discretionary, tech and 14 00:00:43,400 --> 00:00:46,159 Speaker 4: communications services. They house the mag seven names and they 15 00:00:46,200 --> 00:00:49,280 Speaker 4: are of course the bigger sectors, more heavily weighted sectors. 16 00:00:49,520 --> 00:00:51,839 Speaker 4: Energy was the best performer in gaining eight tens of 17 00:00:51,920 --> 00:00:54,000 Speaker 4: one percent, moving higher along with the oil prices. 18 00:00:54,160 --> 00:00:56,160 Speaker 3: All right, taking a look at the stocks that performed 19 00:00:56,200 --> 00:00:58,200 Speaker 3: the best in the S and P five hundred and 20 00:00:58,280 --> 00:01:00,800 Speaker 3: in the US today, the the S and P five 21 00:01:00,880 --> 00:01:04,200 Speaker 3: hundred Analog devices to the upside of six point three 22 00:01:04,319 --> 00:01:07,679 Speaker 3: percent best performer and a percentage basis in the S 23 00:01:07,720 --> 00:01:10,320 Speaker 3: and P five hundred. The company did report results earlier today. 24 00:01:10,319 --> 00:01:13,640 Speaker 3: Adjusted earnings per share the forecast for the fourth quarter 25 00:01:13,920 --> 00:01:17,080 Speaker 3: came in above estimates. The guidance beat the average analyst estimate. 26 00:01:17,480 --> 00:01:20,320 Speaker 3: The CEO and chair Vincent Roche said that quote, while 27 00:01:20,360 --> 00:01:24,080 Speaker 3: tariffs and trade fluctuations are creating market uncertainty, demand for 28 00:01:24,160 --> 00:01:29,160 Speaker 3: analog devices products remains robust and Hurts also in the 29 00:01:29,160 --> 00:01:33,000 Speaker 3: green today. Shares climbing after the company after a report 30 00:01:33,000 --> 00:01:36,920 Speaker 3: that the company will start selling used cars on Amazon Autos, 31 00:01:37,360 --> 00:01:39,520 Speaker 3: up close to six percent on the day today. This 32 00:01:39,600 --> 00:01:43,119 Speaker 3: is Amazon Auto's first fleet dealer. Here are some details. 33 00:01:43,600 --> 00:01:46,760 Speaker 3: Customers can browse Hurts Car sales listing on Amazon Autos 34 00:01:47,080 --> 00:01:49,040 Speaker 3: and finish their purchase online and then pick up their 35 00:01:49,080 --> 00:01:53,080 Speaker 3: car at Hurts Car sales locations. The rollout not all 36 00:01:53,120 --> 00:01:56,560 Speaker 3: over the US. It'll start a Dallas, Houston, LA, and Seattle. 37 00:01:56,840 --> 00:01:59,360 Speaker 3: The company plans to expand to Hurts Car sales forty 38 00:01:59,360 --> 00:02:01,920 Speaker 3: five locations nation Why a reminder that some of these 39 00:02:02,000 --> 00:02:04,880 Speaker 3: rental car companies are the largest sellers of used cars 40 00:02:05,240 --> 00:02:10,960 Speaker 3: out there, and guest shares absolutely surging today. The company 41 00:02:10,960 --> 00:02:13,120 Speaker 3: going private in a one point four billion dollar deal 42 00:02:13,160 --> 00:02:15,400 Speaker 3: with Authentic Brands Group. It's in partnership with the co 43 00:02:15,440 --> 00:02:20,080 Speaker 3: founders Maurice and Paul Marciano and CEO Carlos Alberini. Shares 44 00:02:20,160 --> 00:02:22,720 Speaker 3: up more than twenty six percent today, Authentic Brands is 45 00:02:22,760 --> 00:02:26,200 Speaker 3: going to acquire a majority stake in Guesses intellectual property, 46 00:02:26,200 --> 00:02:28,920 Speaker 3: while Guest Management will continue to run the business and 47 00:02:28,960 --> 00:02:31,760 Speaker 3: own the operating company. Once again, Guest shares up more 48 00:02:31,800 --> 00:02:33,080 Speaker 3: than twenty six percent. 49 00:02:33,520 --> 00:02:36,440 Speaker 5: Artin for the Decliner's Target was one of those maybe 50 00:02:36,560 --> 00:02:40,600 Speaker 5: surprising decliners of the day, falling six percent. They had 51 00:02:40,639 --> 00:02:44,640 Speaker 5: a hotly anticipated earnings report that actually was pretty good. 52 00:02:44,840 --> 00:02:48,239 Speaker 5: They maintained their guidance, most of the results beating estimates, 53 00:02:48,280 --> 00:02:52,000 Speaker 5: but the retailer's pick for an internal CEO appointment did 54 00:02:52,000 --> 00:02:54,640 Speaker 5: seem to offset those better than expected results. So we 55 00:02:54,680 --> 00:02:57,360 Speaker 5: did see that stock falling over ten percent on an 56 00:02:57,360 --> 00:03:00,480 Speaker 5: intro day basis and then closing the day down over 57 00:03:00,720 --> 00:03:03,880 Speaker 5: six percent. I'm also watching s Day Lauder. This is 58 00:03:03,919 --> 00:03:08,120 Speaker 5: the third day of declines for the makeup cosmetics company, 59 00:03:08,680 --> 00:03:11,280 Speaker 5: close the day down about four percent. The company said 60 00:03:11,280 --> 00:03:15,359 Speaker 5: that it has hired external advisors to conduct a review 61 00:03:15,520 --> 00:03:18,160 Speaker 5: of the brands it owns Lamaier being one of those 62 00:03:18,320 --> 00:03:21,400 Speaker 5: in a bit to accelerate a turnaround after yields of 63 00:03:21,800 --> 00:03:22,959 Speaker 5: sales declines. 64 00:03:23,120 --> 00:03:26,160 Speaker 1: The CEO s, that's like the little facial serum. It 65 00:03:26,320 --> 00:03:27,680 Speaker 1: costs likely one thousand dollars. 66 00:03:27,800 --> 00:03:29,799 Speaker 5: Yes, it costs a couple hundred dollars for like a 67 00:03:30,000 --> 00:03:31,200 Speaker 5: little thing of moisturizer. 68 00:03:31,240 --> 00:03:32,840 Speaker 1: I was like, you know what, maybe there's something that 69 00:03:32,840 --> 00:03:34,880 Speaker 1: I'm missing out on. I didn't notice the difference. 70 00:03:34,880 --> 00:03:37,800 Speaker 4: They never give out samples ever. Yeah, you must have purchased. 71 00:03:37,880 --> 00:03:39,040 Speaker 1: You know what you can do? You know, you go 72 00:03:39,040 --> 00:03:41,480 Speaker 1: to Bloomingdale's cross the street and use their samples there. 73 00:03:42,040 --> 00:03:43,360 Speaker 4: Okay, well that's gross. 74 00:03:43,960 --> 00:03:45,160 Speaker 5: Yeah, everyone's sticking their fingers. 75 00:03:45,160 --> 00:03:46,720 Speaker 1: You want to say money. You gotta think outside the box. 76 00:03:48,520 --> 00:03:51,360 Speaker 5: Anyway, for Esday laughter, the CEO said, the company is 77 00:03:51,400 --> 00:03:52,520 Speaker 5: rethinking it's portfolio. 78 00:03:52,560 --> 00:03:52,640 Speaker 2: Now. 79 00:03:52,640 --> 00:03:55,040 Speaker 5: I'm thinking about moisturizer in order to focus on our 80 00:03:55,120 --> 00:03:59,000 Speaker 5: highest return opportunities over the medium to long term. We'll 81 00:03:59,040 --> 00:04:01,400 Speaker 5: share updates and Douke. Course, that's from es Day Lauder, 82 00:04:01,480 --> 00:04:03,640 Speaker 5: so check back in on that company. And then finally, 83 00:04:03,720 --> 00:04:06,320 Speaker 5: James Hardy, this was a really big drop, worst drop 84 00:04:06,520 --> 00:04:09,960 Speaker 5: since two thousand and one. The building materials maker falling 85 00:04:10,040 --> 00:04:14,840 Speaker 5: thirty four percent. They reported net sales that missed analyst expectations, 86 00:04:14,920 --> 00:04:18,080 Speaker 5: and they also warned of weak demand for repairs and 87 00:04:18,160 --> 00:04:22,520 Speaker 5: new construction in North America. Really a downbeat outlook here 88 00:04:22,640 --> 00:04:23,880 Speaker 5: on the US housing market. 89 00:04:24,000 --> 00:04:27,400 Speaker 1: Yeah, that was a phenomenal, well the phenomenal in a 90 00:04:27,400 --> 00:04:29,560 Speaker 1: bad way of board here, But I mean we've paid 91 00:04:29,560 --> 00:04:30,840 Speaker 1: a lot of attention to that, and that kind of 92 00:04:30,920 --> 00:04:34,280 Speaker 1: leads us to this idea of macroeconomic conditions and whether 93 00:04:34,320 --> 00:04:36,640 Speaker 1: the Fed might actually potentially come to the rescue, well, 94 00:04:36,680 --> 00:04:39,240 Speaker 1: whether they even need to. We did get the FORMC 95 00:04:39,400 --> 00:04:42,560 Speaker 1: minutes a little bit earlier today and maybe it kind 96 00:04:42,560 --> 00:04:45,200 Speaker 1: of ratified the idea that well, rates might not actually 97 00:04:45,200 --> 00:04:47,680 Speaker 1: go anywhere. In fact, the curve, the treasury curve today 98 00:04:47,720 --> 00:04:50,240 Speaker 1: pretty much steady right around where it's been. You did 99 00:04:50,240 --> 00:04:53,200 Speaker 1: see just modest movements to the downside here, but this 100 00:04:53,240 --> 00:04:54,960 Speaker 1: has been a treasury market that's been in a bit 101 00:04:55,000 --> 00:04:56,560 Speaker 1: of a holding pattern, of course. 102 00:04:56,360 --> 00:04:56,800 Speaker 3: Waiting for J. 103 00:04:56,960 --> 00:05:00,400 Speaker 1: Powell's speech on Friday and the official fmc ME which 104 00:05:00,440 --> 00:05:03,360 Speaker 1: concludes on September seventeenth. 105 00:05:04,080 --> 00:05:08,320 Speaker 2: The Stockmover's report from Bloomberg Radio check back with us 106 00:05:08,360 --> 00:05:11,159 Speaker 2: throughout the day For the latest roundup of companies making 107 00:05:11,240 --> 00:05:14,839 Speaker 2: news on Wall Street, and for the latest market moving headlines. 108 00:05:15,040 --> 00:05:19,080 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 109 00:05:19,120 --> 00:05:22,200 Speaker 2: dot com, and on Applecarplay and Android Auto with the 110 00:05:22,200 --> 00:05:23,599 Speaker 2: Bloomberg Business App.