WEBVTT - Closing Bell: Palantir Earnings, Amazon Continues Gains, Cipher Mining Signs with Amazon

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>This is the closing bell on the stock mover's report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenovak, Romain, Bostik and Scarlet.

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<v Speaker 3>Food, so s and p five hundred folks, most names

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<v Speaker 3>in the index lower today, three hundred and sixteen, Katie

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<v Speaker 3>to the downside, one hundred and eighty five to the upside,

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<v Speaker 3>and three unchanged.

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<v Speaker 4>Similar story. When you take a look at the sectors

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<v Speaker 4>in terms of the breath performance, you did finish in

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<v Speaker 4>the green, but you only had four sectors actually rising

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<v Speaker 4>on this Monday, the first trading day of November. Consumer discretionary,

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<v Speaker 4>that's just another word for tech. With Amazon having a

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<v Speaker 4>heavyweight there, you did see tech perform as well, so

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<v Speaker 4>too did healthcare and utilities. What didn't do to hot today, materials,

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<v Speaker 4>consumer stables, and financials some of your biggest losers on

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<v Speaker 4>the sector level, Carol.

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<v Speaker 3>All right, let's get to some of the individual gainers.

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<v Speaker 3>Got to mention Amazon up four percent by the clothes

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<v Speaker 3>for a two day gain of just about fifteen fourteen

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<v Speaker 3>fifteen percent. Analysts raising price targets for Amazon since The

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<v Speaker 3>company reported earnings last week forty five, raising price targets

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<v Speaker 3>by an average of eleven percent, no cutting their price targets.

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<v Speaker 3>And then of course you had their cloud unit doing

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<v Speaker 3>a mega deal thirty eight billion dollar deal to supply

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<v Speaker 3>a slice of open Aiyes, bottomless demand for computing power,

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<v Speaker 3>and we did see the stock definitely jumping on that news.

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<v Speaker 3>So we continue to see that hey kind of booking.

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<v Speaker 1>Exactly are all these servers doing?

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<v Speaker 3>By the way, you know, we just talked to man

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<v Speaker 3>deep singing and I'm like, are there servers sitting empty,

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<v Speaker 3>just waiting? And he's like, no, You know, the build

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<v Speaker 3>out continues. You see supply constraints. We saw that with

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<v Speaker 3>some of the hyperscalers last week that they just can't

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<v Speaker 3>meet demand, and yet you're seeing some strong numbers. We

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<v Speaker 3>certainly saw that with Alphabet, So I don't know the

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<v Speaker 3>ROI and the demand is still there, so I don't know.

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<v Speaker 3>We're trying to figure that out too. Related matter cipher mining,

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<v Speaker 3>I want to bring up. They also finished with quite

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<v Speaker 3>a rally, up as much as thirty four percent in

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<v Speaker 3>today's session, finishing with a game of about twenty two percent.

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<v Speaker 3>This company Sunday five and a half billion dollar fifteen

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<v Speaker 3>year lease agreement with Amazon to provide turnkey space and

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<v Speaker 3>power for AI workloads. So again that AI build and

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<v Speaker 3>spend as you mentioned, remain continuing. And then I got

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<v Speaker 3>to mention ken View up about twelve percent. This has

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<v Speaker 3>Kimberly Clark agreed to buy the company for roughly forty billion.

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<v Speaker 3>A lot of questions about that one in terms of

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<v Speaker 3>the tailenal exposure. We'll have to see how that one

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<v Speaker 3>plays out, but nonetheless some outperformance.

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<v Speaker 5>There, Jim really Clark investors have a lot of questions

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<v Speaker 5>about this deal. That's where I want to start with

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<v Speaker 5>today's decliners. Look at this, Kimberly Clark down fourteen point

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<v Speaker 5>six percent. This is the worst single day going back

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<v Speaker 5>to October of nineteen eighty seven. Do you guys remember

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<v Speaker 5>what happened in October of nineteen eighty seven?

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<v Speaker 4>I do, actually, but I don't want to spoil it

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<v Speaker 4>for you.

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<v Speaker 5>Black Monday, this is the worst day going back to

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<v Speaker 5>October nineteenth, nineteen eighty seven. Kimberly Clark Shales share slumping.

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<v Speaker 5>The company agreeed by ken View and cash and stock

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<v Speaker 5>deal and enterprise value of forty eight point seven billion

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<v Speaker 5>dollars on that. What's that?

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<v Speaker 1>Yeah, before I was born.

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<v Speaker 5>You're still stuck. We were Romaine, we were born. Katie

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<v Speaker 5>was not God.

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<v Speaker 1>Yeah, he's pulling your leg.

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<v Speaker 5>Okay, all right, anyway, let's keep going. We got some

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<v Speaker 5>more decliners exiling. I feel like we spent a lot

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<v Speaker 5>of time on this deal already. Okay, so you know,

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<v Speaker 5>we know what, we know what's going on. Charter Communications

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<v Speaker 5>shares also falling toay five percent lower. Key Bank Capital

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<v Speaker 5>Markets downgraded the cable company to sector weight from overweight,

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<v Speaker 5>and then nine analysts since the company came out with

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<v Speaker 5>earnings on Friday have cut price targets by an average

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<v Speaker 5>of seventeen percent. No analysts raise their price targets. Shares

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<v Speaker 5>taken a hit by five percent today and rare earth

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<v Speaker 5>stocks also in the red today, focusing specifically on MP Materials,

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<v Speaker 5>falling eight point six percent. The light House announced that

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<v Speaker 5>China will effectively suspend implementation of additional export controls on

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<v Speaker 5>rare earth metals. Still, MP Materials up twohn eighty percent

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<v Speaker 5>so far this year.

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<v Speaker 1>Pallenteer earnings crossing the wire right now. The stock hit

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<v Speaker 1>a record high end the cash session looks like it's

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<v Speaker 1>higher here in the after hours trade. Adjusted EPs in

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<v Speaker 1>the most recent quarter a big beat, twenty one cents

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<v Speaker 1>a share the street was looking for seventeen cents, revenue

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<v Speaker 1>coming in at about one point two billion dollars the

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<v Speaker 1>street looking for one point one. Here's your guidance. The

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<v Speaker 1>company says that for its fourth quarter, it sees revenue

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<v Speaker 1>in basically at one hundred one point three three billion dollars.

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<v Speaker 1>The street was looking for one point two billion dollars.

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<v Speaker 1>The company also says that it expects for the full

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<v Speaker 1>year to close out the full year here with operating

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<v Speaker 1>profit of two point one five to two point one

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<v Speaker 1>six billion. Also Wellablove Street estimates that average was at

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<v Speaker 1>about one point nine to three billion, So looks like

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<v Speaker 1>a beaten raised quarter here for of course, one of

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<v Speaker 1>the biggest darlings in the market right now.

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<v Speaker 4>Yeah. Absolutely, and it seems like the raise is particularly

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<v Speaker 4>what's exciting the shares after hours, as you said, boosting

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<v Speaker 4>their full year revenue four cast. You can see shares

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<v Speaker 4>up by about four and a half percent after hours ten,

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<v Speaker 4>which is pretty amazing when you consider that this company

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<v Speaker 4>was up more than one hundred and seventy percent through

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<v Speaker 4>today's close through twenty twenty five, So the expectations were high.

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<v Speaker 4>But the first blush read here is that this is

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<v Speaker 4>more good news.

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<v Speaker 5>Alex Carr talking about the good news. He's the co

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<v Speaker 5>founder and CEO of Polunteer. He says, you're over year

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<v Speaker 5>growth in our US business search to seventy seven percent.

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<v Speaker 5>Year over year growth in US commercial climbed to one

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<v Speaker 5>hundred and twenty one percent. We are yet again announcing

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<v Speaker 5>the highest sequential quarterly revenue growth guide in our company's history,

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<v Speaker 5>representing sixty one percent year over year growth. Shares up

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<v Speaker 5>another two percent in the after hours.

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<v Speaker 1>Quiz Pollenteer is not the best performing stock in the

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<v Speaker 1>S and P five hundred, despite the fact that it's

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<v Speaker 1>up one hundred and seventy something percent.

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<v Speaker 3>What is okay?

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<v Speaker 1>Well, that was the quiz for you carebl I guess

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<v Speaker 1>you're not good at quizz. It's Robinhood, which is up about.

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<v Speaker 2>Three hundred percent.

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<v Speaker 3>You're toa so tough hey, Listen, Palenteer was looking. The

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<v Speaker 3>expectations were for revenue grow revenue growth of about fifty percent,

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<v Speaker 3>so we actually saw revenue increase sixty three percent to

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<v Speaker 3>that one point eighteen billion in the period ended in September,

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<v Speaker 3>so that was some outperformance. I'm just looking at Lazette

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<v Speaker 3>Chapman writing through so raising its annual revenue outlook to

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<v Speaker 3>four point four billion and outpaced analyst estimates for third

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<v Speaker 3>quarter sales, siting accelerating in other worldly growth for its

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<v Speaker 3>AI and data analytics products. So again that AI trade

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<v Speaker 3>alive and kicking for a stock, as you mentioned, remain

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<v Speaker 3>at one hundred and seventy three percent year today.

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<v Speaker 4>We'll continue to follow Palanto. Let's quickly though, talk about

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<v Speaker 4>Hymns and Hers Health reporting earnings. Their third quarter revenue

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<v Speaker 4>beat estimates as well. You take a look at the

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<v Speaker 4>look ahead. They see fourth quarter justin evatah between fifty

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<v Speaker 4>five million dollars to sixty five million dollars. The estimate

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<v Speaker 4>had been for seventy four million dollars, so a bit

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<v Speaker 4>disappointing relative to expectations. When it comes to the look ahead.

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<v Speaker 4>HIMS and HER's Health one of your big outperformers this year,

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<v Speaker 4>more than eighty percent. You take a look at the

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<v Speaker 4>after hours trade though for Hyms and Hers Health, a

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<v Speaker 4>bit of a spike lower, but traders deciding what.

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<v Speaker 3>To do, all right, Yeah, and this is a stock

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<v Speaker 3>that certainly has bounced a bunch a pallunteer just quick

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<v Speaker 3>check guys, up about three percent here in the aftermarket.

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