Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Carol Masser along Victim Savik.
Speaker 3: Let's get to Bailly Lipschaltz, his equities reporter here at
Speaker 3: Bloomberg News.
Speaker 1: He's kind enough to talk about some stocks on the movie.
Speaker 1: You actually had a lot to choose in terms of
Speaker 1: after hours.
Speaker 3: After Hours is finally. Honestly, when it's not earning season
Speaker 3: half the time, it's kind of like cool, Tim, I
Speaker 3: guess this one company no one's ever heard of is
Speaker 3: a four percent But companies you might have heard of
Speaker 3: reporting earnings none other than Pounteer ticker pltr Alex Karp
Speaker 3: saying that the second quarter was staggering otherworldly. Commercial sales
Speaker 3: rose one hundred and forty nine percent from a year earlier,
Speaker 3: so beating expectations. Raising guidance for the full year, they
Speaker 3: expect adjusted income from operations four point eight nine to
Speaker 3: four point nine to one billion, at the top end
Speaker 3: of the previous ranger was four point four or five
Speaker 3: billion dollars. The stock up fourteen percent postmarket. Wow it's
Speaker 3: down almost thirty percent year to date. Yeah, that's the
Speaker 3: one thing. Expectations kind of evan flow. This is the
Speaker 3: company that if you, if you kind of pulled the
Speaker 3: newsroom honestly and said, don't pull up a chart, where's
Speaker 3: Palenteer Trading, probably would guess all time highs? Yeah, not
Speaker 3: the case, right exactly. It's like I think, isn't it
Speaker 3: down almost forty percent from like a high last year?
Speaker 1: Sometime I thought it's yeah, it's exactly right, it's down
Speaker 1: forty percent, yeah, high November of twenty twenty five. Yeah,
Speaker 1: but it's still I mean, this stock is up even that, Carol, Yeah,
Speaker 1: this stock is still up from let's say the beginning
Speaker 1: of twenty twenty four, let's let's start there, six hundred
Speaker 1: and eighty six percent.
Speaker 3: Yeah, not too shabby, all right, bad if you if
Speaker 3: you bought in hell. But yeah, so that's a and
Speaker 3: again that's a three hundred and one billion dollar before
Speaker 3: today's move, after our after hours move, three hundred and
Speaker 3: one billion dollar market cap company. A lot of discussion
Speaker 3: though around kind of their technology gets put to work,
Speaker 3: but nonetheless.
Speaker 1: Save for another day. Okay, we will I get the picture, Okay,
Speaker 1: what else is on your radar after hours?
Speaker 3: Snap snap ticker. I have not used Snap since college.
Speaker 3: I would use aviage college user.
Speaker 1: You're the you are like the demo. Do do people
Speaker 1: grow out of Snap? I'm too old to ever have
Speaker 1: used it.
Speaker 3: So my wife has snapchats all the time, like her
Speaker 3: and her friends like share photos of like their kids
Speaker 3: and stuff. I couldn't tell you who. I don't know anyone. Again,
Speaker 3: I hadn't been single for a while, so like, maybe
Speaker 3: that's the target demographs. How would you use it for
Speaker 3: for dating?
Speaker 1: I have no idea, but I think isn't it popular
Speaker 1: with high school kids too? Like younger?
Speaker 3: I think in the and they kind of push kind
Speaker 3: of having like the ability to communicate with AI. The
Speaker 3: whole AI revolution, they were trying to lean into snap
Speaker 3: lenses though I don't know, not really. My again read
Speaker 3: a book walk out in the field, he feel the grass.
Speaker 1: I'm just going to say, chart is brutal.
Speaker 3: It is brutal. It's down a five dollars stock It's
Speaker 3: down forty seven percent in the last twelve months. But
Speaker 3: tim are you looking at it from its peak? Oh?
Speaker 1: Yeah, I'm looking a few years ago from its peak.
Speaker 1: Back in twenty twenty one, it's down ninety four percent
Speaker 1: from them. This was a eighty three dollars stock in
Speaker 1: September of twenty twenty one, but.
Speaker 3: Now it's up up nine and a half percent, you know, slowly.
Speaker 1: Even see that on the chart when I when I
Speaker 1: when I look at this from when I went public
Speaker 1: back in twenty seventeen.
Speaker 3: Yeah, beating expectations. Management or CEO Evan Spiegel saying that
Speaker 3: the company saw improving momentum and advertising that was kind
Speaker 3: of the big qualm back in twenty twenty one, and
Speaker 3: also just calling out that the CEO saying wearable glasses
Speaker 3: will be a largest long term opportunity. Are you Are
Speaker 3: you a team Meta ray Ban guy or.
Speaker 1: No, I'm a no lenses in the or no cameras
Speaker 1: in the lenses and stuff as of now. But Mark
Speaker 1: German tells us we're all going to be wearing these.
Speaker 1: He told me, like he looked at me last week
Speaker 1: and he will be.
Speaker 3: Wearing the Apple glasses in the New YORTERM.
Speaker 1: Like what's is when they come out? He's like, you're
Speaker 1: and I love them, I know it, And look I
Speaker 1: trust Mark.
Speaker 3: So better you than me. I'll let you beat a
Speaker 3: test case.
Speaker 1: Well, his point was, look at how they really changed
Speaker 1: the watch category. Bat No, I know, I know, I
Speaker 1: had on that was a point. Yeah, what's because yours
Speaker 1: is from the first iteration of them. Second antique show,
Speaker 1: antique crush showing. All right, I think we have another
Speaker 1: one one more on the last thirty second.
Speaker 3: Up three point three percent eat expectations in the two
Speaker 3: Q according to bi third quarter outlook, increases the likelihood
Speaker 3: that the cyclical downturn in industrial and automotive and markets
Speaker 3: is in the rear view mirror. On semi down forty
Speaker 3: in two months. Well, they have a lot of exposure
Speaker 3: industrial but auto, right, and you think about what's happened
Speaker 3: in the av space and so and so far, you're
Speaker 3: going to feel that.
Speaker 2: One this stock mover's report from Bloomberg Radio. Check back
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