Stock Movers Target Slumps, Lowe's Jumps, Popmart Rises on Labubu News
Aug 20, 2025
Target faces challenges as its newly appointed CEO aims to turn around falling sales. Meanwhile, Lowe's boosts its position with a significant acquisition for pro customers, showcasing its robust growth strategy. Popmart enjoys a surge in revenue thanks to the excitement surrounding new collectibles like Labubu dolls. The discussions also highlight key market movements and the broader economic landscape, providing valuable insights for investors.
AI Snips
Chapters
Transcript
Episode notes
Market Wanted A Transformational CEO
- Target named Michael Fiddelke as CEO but the market reacted negatively, seeing the hire as insufficiently transformative.
- Bloomberg Intelligence and analysts say Target must prove new tactics to drive store visits and spending to regain share.
Intern To CEO Story
- Paul and Alexis joked about taking Target's share drop personally and about interns rising through the ranks.
- They used Michael Fiddelke's rise from 2003 intern to CEO to remind listeners to treat internships seriously.
Lowe's Big Move Into Pro Customers
- Lowe's agreed to buy Foundation Building Materials for $8.8 billion to expand its pro customer footprint across 370 locations.
- Analysts like Citi called the deal transformational and praised Lowe's pivot in capital allocation after a strong quarter.