Lowe's Acquisition and Popmart's Rising Popularity

On this episode of Stock Movers:
- Target (TGT) shares slump after the company named veteran Michael Fiddelke as its next chief executive officer, betting that the insider will revive the storied retailer struggling with weak sales.
- Lowe's (LOW) shares jump after the company agreed to buy Foundation Building Materials for about $8.8 billion in cash to serve more professional customers. Foundation Building has a network of over 370 locations in the US and Canada and had about $6.5 billion in sales last year.
- Popmart (POPMF) shares rise after news that the Chinese toymaker known for Labubu dolls is planning to launch a new mini Labubu. The craze has fueled a 204% increase in year-on-year revenue in the first half of 2025.

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