Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on the stock mover's report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenovak, Romain, Bostik and Scarlet.
Speaker 3: Food, so s and p five hundred folks, most names
Speaker 3: in the index lower today, three hundred and sixteen, Katie
Speaker 3: to the downside, one hundred and eighty five to the upside,
Speaker 3: and three unchanged.
Speaker 4: Similar story. When you take a look at the sectors
Speaker 4: in terms of the breath performance, you did finish in
Speaker 4: the green, but you only had four sectors actually rising
Speaker 4: on this Monday, the first trading day of November. Consumer discretionary,
Speaker 4: that's just another word for tech. With Amazon having a
Speaker 4: heavyweight there, you did see tech perform as well, so
Speaker 4: too did healthcare and utilities. What didn't do to hot today, materials,
Speaker 4: consumer stables, and financials some of your biggest losers on
Speaker 4: the sector level, Carol.
Speaker 3: All right, let's get to some of the individual gainers.
Speaker 3: Got to mention Amazon up four percent by the clothes
Speaker 3: for a two day gain of just about fifteen fourteen
Speaker 3: fifteen percent. Analysts raising price targets for Amazon since The
Speaker 3: company reported earnings last week forty five, raising price targets
Speaker 3: by an average of eleven percent, no cutting their price targets.
Speaker 3: And then of course you had their cloud unit doing
Speaker 3: a mega deal thirty eight billion dollar deal to supply
Speaker 3: a slice of open Aiyes, bottomless demand for computing power,
Speaker 3: and we did see the stock definitely jumping on that news.
Speaker 3: So we continue to see that hey kind of booking.
Speaker 1: Exactly are all these servers doing?
Speaker 3: By the way, you know, we just talked to man
Speaker 3: deep singing and I'm like, are there servers sitting empty,
Speaker 3: just waiting? And he's like, no, You know, the build
Speaker 3: out continues. You see supply constraints. We saw that with
Speaker 3: some of the hyperscalers last week that they just can't
Speaker 3: meet demand, and yet you're seeing some strong numbers. We
Speaker 3: certainly saw that with Alphabet, So I don't know the
Speaker 3: ROI and the demand is still there, so I don't know.
Speaker 3: We're trying to figure that out too. Related matter cipher mining,
Speaker 3: I want to bring up. They also finished with quite
Speaker 3: a rally, up as much as thirty four percent in
Speaker 3: today's session, finishing with a game of about twenty two percent.
Speaker 3: This company Sunday five and a half billion dollar fifteen
Speaker 3: year lease agreement with Amazon to provide turnkey space and
Speaker 3: power for AI workloads. So again that AI build and
Speaker 3: spend as you mentioned, remain continuing. And then I got
Speaker 3: to mention ken View up about twelve percent. This has
Speaker 3: Kimberly Clark agreed to buy the company for roughly forty billion.
Speaker 3: A lot of questions about that one in terms of
Speaker 3: the tailenal exposure. We'll have to see how that one
Speaker 3: plays out, but nonetheless some outperformance.
Speaker 5: There, Jim really Clark investors have a lot of questions
Speaker 5: about this deal. That's where I want to start with
Speaker 5: today's decliners. Look at this, Kimberly Clark down fourteen point
Speaker 5: six percent. This is the worst single day going back
Speaker 5: to October of nineteen eighty seven. Do you guys remember
Speaker 5: what happened in October of nineteen eighty seven?
Speaker 4: I do, actually, but I don't want to spoil it
Speaker 4: for you.
Speaker 5: Black Monday, this is the worst day going back to
Speaker 5: October nineteenth, nineteen eighty seven. Kimberly Clark Shales share slumping.
Speaker 5: The company agreeed by ken View and cash and stock
Speaker 5: deal and enterprise value of forty eight point seven billion
Speaker 5: dollars on that. What's that?
Speaker 1: Yeah, before I was born.
Speaker 5: You're still stuck. We were Romaine, we were born. Katie
Speaker 5: was not God.
Speaker 1: Yeah, he's pulling your leg.
Speaker 5: Okay, all right, anyway, let's keep going. We got some
Speaker 5: more decliners exiling. I feel like we spent a lot
Speaker 5: of time on this deal already. Okay, so you know,
Speaker 5: we know what, we know what's going on. Charter Communications
Speaker 5: shares also falling toay five percent lower. Key Bank Capital
Speaker 5: Markets downgraded the cable company to sector weight from overweight,
Speaker 5: and then nine analysts since the company came out with
Speaker 5: earnings on Friday have cut price targets by an average
Speaker 5: of seventeen percent. No analysts raise their price targets. Shares
Speaker 5: taken a hit by five percent today and rare earth
Speaker 5: stocks also in the red today, focusing specifically on MP Materials,
Speaker 5: falling eight point six percent. The light House announced that
Speaker 5: China will effectively suspend implementation of additional export controls on
Speaker 5: rare earth metals. Still, MP Materials up twohn eighty percent
Speaker 5: so far this year.
Speaker 1: Pallenteer earnings crossing the wire right now. The stock hit
Speaker 1: a record high end the cash session looks like it's
Speaker 1: higher here in the after hours trade. Adjusted EPs in
Speaker 1: the most recent quarter a big beat, twenty one cents
Speaker 1: a share the street was looking for seventeen cents, revenue
Speaker 1: coming in at about one point two billion dollars the
Speaker 1: street looking for one point one. Here's your guidance. The
Speaker 1: company says that for its fourth quarter, it sees revenue
Speaker 1: in basically at one hundred one point three three billion dollars.
Speaker 1: The street was looking for one point two billion dollars.
Speaker 1: The company also says that it expects for the full
Speaker 1: year to close out the full year here with operating
Speaker 1: profit of two point one five to two point one
Speaker 1: six billion. Also Wellablove Street estimates that average was at
Speaker 1: about one point nine to three billion, So looks like
Speaker 1: a beaten raised quarter here for of course, one of
Speaker 1: the biggest darlings in the market right now.
Speaker 4: Yeah. Absolutely, and it seems like the raise is particularly
Speaker 4: what's exciting the shares after hours, as you said, boosting
Speaker 4: their full year revenue four cast. You can see shares
Speaker 4: up by about four and a half percent after hours ten,
Speaker 4: which is pretty amazing when you consider that this company
Speaker 4: was up more than one hundred and seventy percent through
Speaker 4: today's close through twenty twenty five, So the expectations were high.
Speaker 4: But the first blush read here is that this is
Speaker 4: more good news.
Speaker 5: Alex Carr talking about the good news. He's the co
Speaker 5: founder and CEO of Polunteer. He says, you're over year
Speaker 5: growth in our US business search to seventy seven percent.
Speaker 5: Year over year growth in US commercial climbed to one
Speaker 5: hundred and twenty one percent. We are yet again announcing
Speaker 5: the highest sequential quarterly revenue growth guide in our company's history,
Speaker 5: representing sixty one percent year over year growth. Shares up
Speaker 5: another two percent in the after hours.
Speaker 1: Quiz Pollenteer is not the best performing stock in the
Speaker 1: S and P five hundred, despite the fact that it's
Speaker 1: up one hundred and seventy something percent.
Speaker 3: What is okay?
Speaker 1: Well, that was the quiz for you carebl I guess
Speaker 1: you're not good at quizz. It's Robinhood, which is up about.
Speaker 2: Three hundred percent.
Speaker 3: You're toa so tough hey, Listen, Palenteer was looking. The
Speaker 3: expectations were for revenue grow revenue growth of about fifty percent,
Speaker 3: so we actually saw revenue increase sixty three percent to
Speaker 3: that one point eighteen billion in the period ended in September,
Speaker 3: so that was some outperformance. I'm just looking at Lazette
Speaker 3: Chapman writing through so raising its annual revenue outlook to
Speaker 3: four point four billion and outpaced analyst estimates for third
Speaker 3: quarter sales, siting accelerating in other worldly growth for its
Speaker 3: AI and data analytics products. So again that AI trade
Speaker 3: alive and kicking for a stock, as you mentioned, remain
Speaker 3: at one hundred and seventy three percent year today.
Speaker 4: We'll continue to follow Palanto. Let's quickly though, talk about
Speaker 4: Hymns and Hers Health reporting earnings. Their third quarter revenue
Speaker 4: beat estimates as well. You take a look at the
Speaker 4: look ahead. They see fourth quarter justin evatah between fifty
Speaker 4: five million dollars to sixty five million dollars. The estimate
Speaker 4: had been for seventy four million dollars, so a bit
Speaker 4: disappointing relative to expectations. When it comes to the look ahead.
Speaker 4: HIMS and HER's Health one of your big outperformers this year,
Speaker 4: more than eighty percent. You take a look at the
Speaker 4: after hours trade though for Hyms and Hers Health, a
Speaker 4: bit of a spike lower, but traders deciding what.
Speaker 3: To do, all right, Yeah, and this is a stock
Speaker 3: that certainly has bounced a bunch a pallunteer just quick
Speaker 3: check guys, up about three percent here in the aftermarket.
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.