WEBVTT - Palantir Surges; Wayfair Soars; Chipotle Tumbles

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>The Stock Movers report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>I'm Carol Masser along with Tim Stenevik. Let's get to

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<v Speaker 1>some stocks on the move on this Tuesday with us.

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<v Speaker 1>Is Bloomberg TV Market's correspondent Nora Melinda joining us with

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<v Speaker 1>stock movers. Let's talk about one that reported earnings after

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<v Speaker 1>the close late yesterday.

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<v Speaker 3>And the best performing stock in the SP five hundred today,

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<v Speaker 3>we're seeing Palenteer heading forwards, biggest jump since twenty twenty four.

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<v Speaker 3>Now this comes after the company did report that commercial

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<v Speaker 3>sales rose one hundred and forty nine percent from a

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<v Speaker 3>year prior. Now, this really is just pushing behind all

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<v Speaker 3>the skeptics that had been thinking about whether or not

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<v Speaker 3>Palenteer was actually going to be able to continue forward

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<v Speaker 3>in this race city saying that it defied some of

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<v Speaker 3>those critics. Those skeptics there, we know that the company

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<v Speaker 3>raised revenue and profit both the forecast there and the

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<v Speaker 3>CEO also called its demand for its AI software quotes otherworldly.

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<v Speaker 3>So you are seeing the stock really being celebrated today

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<v Speaker 3>was down about twenty nine percent year to day through

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<v Speaker 3>yesterday's clothes. Take a look now, and it's down just

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<v Speaker 3>about nine percent for that timeframe.

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<v Speaker 1>Still twenty one percent lower than it's November high. Right,

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<v Speaker 1>not to be a party pooper, but just yeah, but

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<v Speaker 1>you're right, investors buying in in a big way. All right,

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<v Speaker 1>let's head to Wayfair. It's company, Tim and I talk

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<v Speaker 1>to the CFO, Kate Gulliver. I mean, this stock is

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<v Speaker 1>just often running.

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<v Speaker 3>Today, it is, and the tickler is pretty simple. W

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<v Speaker 3>It's US sales actually grew at their fastest pace since

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<v Speaker 3>twenty twenty one. So maybe we're back to those pandemic

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<v Speaker 3>days where everyone's remodeling and bringing some furniture into their homes.

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<v Speaker 3>But we really did see this all being buoyed by

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<v Speaker 3>the fact that they're leaning a bit more into brick

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<v Speaker 3>and mortar stores. We know that Wayfair has really been

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<v Speaker 3>an online company for quite a while, but they have

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<v Speaker 3>been branching out into some of those physical stores there

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<v Speaker 3>and then also demand for some of it's high brands.

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<v Speaker 3>It's paragold line I'm less familiar with, but apparently it's

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<v Speaker 3>a hit. We're seeing shares of the company up about

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<v Speaker 3>fifteen percent for twenty twenty six.

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<v Speaker 4>Yeah, kay, Coliver told us what she mentioned that that

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<v Speaker 4>part of the brand specifically, I mean, this is a

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<v Speaker 4>standalone brand. You know much more about this than and

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<v Speaker 4>she did point out.

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<v Speaker 1>That it's about I think four hundred million dollars in sales.

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<v Speaker 1>So she did say in terms of the perspective of

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<v Speaker 1>the overall revenue line, but growing that higher end and

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<v Speaker 1>I'm assuming, you know, maybe comes with higher margins, but

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<v Speaker 1>you know, we will see. But Chelsea did talk about

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<v Speaker 1>the stores that they have opened. I visited the Atlantis store,

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<v Speaker 1>but they've got five more stores coming into twenty twenty seven.

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<v Speaker 1>So this is certainly an initiative, and they're finding that

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<v Speaker 1>they're getting new customers, wayfair customers that are coming into

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<v Speaker 1>their stores specifically, so it's definitely been a boon for them.

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<v Speaker 1>Just got a few seconds left here, Let's go to Chipotle.

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<v Speaker 3>Chipotle. Maybe let's go I don't know, Charla, maybe we

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<v Speaker 3>should avoid Chappotlee for this come.

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<v Speaker 4>Seems like investors are avoiding.

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<v Speaker 3>They arevoing to Chippotle. That's after a Bloomberg exclusive did

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<v Speaker 3>report that the company remove jalapenos from multiple stores in Minnesota.

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<v Speaker 3>It could be linked to salmonella, a salmonella outbreak that

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<v Speaker 3>essentially has made about one hundred and ten people ill,

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<v Speaker 3>but the full scope is still unclear. But we have

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<v Speaker 3>been seeing that customers are other Mexican style restaurants have

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<v Speaker 3>also fallen sick. If you think about what we've been

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<v Speaker 3>watching so much when it comes to the food poisoning

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<v Speaker 3>and the cyclosporo, right, this is of course something that

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<v Speaker 3>is daunting for a lot of investors right now.

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<v Speaker 2>Yeah.

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<v Speaker 4>According to the story, Chipotle proactively removed the halapanos and

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<v Speaker 4>replaced them with products from different growers quote upon learning

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<v Speaker 4>of a potential salmonella outbreak in the supply chain, impacting

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<v Speaker 4>several food service retailers. This according to Laurie Shallow, Chippoli's

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<v Speaker 4>chief corporate affairs and food safety officer.

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<v Speaker 1>All right, so keeping an eye on all of that.

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<v Speaker 2>The Stock Mover's Report from Bloomberg Radio. Check back with

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