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 with Tim Stenevik. Let's get to
Speaker 1: some stocks on the move on this Tuesday with us.
Speaker 1: Is Bloomberg TV Market's correspondent Nora Melinda joining us with
Speaker 1: stock movers. Let's talk about one that reported earnings after
Speaker 1: the close late yesterday.
Speaker 3: And the best performing stock in the SP five hundred today,
Speaker 3: we're seeing Palenteer heading forwards, biggest jump since twenty twenty four.
Speaker 3: Now this comes after the company did report that commercial
Speaker 3: sales rose one hundred and forty nine percent from a
Speaker 3: year prior. Now, this really is just pushing behind all
Speaker 3: the skeptics that had been thinking about whether or not
Speaker 3: Palenteer was actually going to be able to continue forward
Speaker 3: in this race city saying that it defied some of
Speaker 3: those critics. Those skeptics there, we know that the company
Speaker 3: raised revenue and profit both the forecast there and the
Speaker 3: CEO also called its demand for its AI software quotes otherworldly.
Speaker 3: So you are seeing the stock really being celebrated today
Speaker 3: was down about twenty nine percent year to day through
Speaker 3: yesterday's clothes. Take a look now, and it's down just
Speaker 3: about nine percent for that timeframe.
Speaker 1: Still twenty one percent lower than it's November high. Right,
Speaker 1: not to be a party pooper, but just yeah, but
Speaker 1: you're right, investors buying in in a big way. All right,
Speaker 1: let's head to Wayfair. It's company, Tim and I talk
Speaker 1: to the CFO, Kate Gulliver. I mean, this stock is
Speaker 1: just often running.
Speaker 3: Today, it is, and the tickler is pretty simple. W
Speaker 3: It's US sales actually grew at their fastest pace since
Speaker 3: twenty twenty one. So maybe we're back to those pandemic
Speaker 3: days where everyone's remodeling and bringing some furniture into their homes.
Speaker 3: But we really did see this all being buoyed by
Speaker 3: the fact that they're leaning a bit more into brick
Speaker 3: and mortar stores. We know that Wayfair has really been
Speaker 3: an online company for quite a while, but they have
Speaker 3: been branching out into some of those physical stores there
Speaker 3: and then also demand for some of it's high brands.
Speaker 3: It's paragold line I'm less familiar with, but apparently it's
Speaker 3: a hit. We're seeing shares of the company up about
Speaker 3: fifteen percent for twenty twenty six.
Speaker 4: Yeah, kay, Coliver told us what she mentioned that that
Speaker 4: part of the brand specifically, I mean, this is a
Speaker 4: standalone brand. You know much more about this than and
Speaker 4: she did point out.
Speaker 1: That it's about I think four hundred million dollars in sales.
Speaker 1: So she did say in terms of the perspective of
Speaker 1: the overall revenue line, but growing that higher end and
Speaker 1: I'm assuming, you know, maybe comes with higher margins, but
Speaker 1: you know, we will see. But Chelsea did talk about
Speaker 1: the stores that they have opened. I visited the Atlantis store,
Speaker 1: but they've got five more stores coming into twenty twenty seven.
Speaker 1: So this is certainly an initiative, and they're finding that
Speaker 1: they're getting new customers, wayfair customers that are coming into
Speaker 1: their stores specifically, so it's definitely been a boon for them.
Speaker 1: Just got a few seconds left here, Let's go to Chipotle.
Speaker 3: Chipotle. Maybe let's go I don't know, Charla, maybe we
Speaker 3: should avoid Chappotlee for this come.
Speaker 4: Seems like investors are avoiding.
Speaker 3: They arevoing to Chippotle. That's after a Bloomberg exclusive did
Speaker 3: report that the company remove jalapenos from multiple stores in Minnesota.
Speaker 3: It could be linked to salmonella, a salmonella outbreak that
Speaker 3: essentially has made about one hundred and ten people ill,
Speaker 3: but the full scope is still unclear. But we have
Speaker 3: been seeing that customers are other Mexican style restaurants have
Speaker 3: also fallen sick. If you think about what we've been
Speaker 3: watching so much when it comes to the food poisoning
Speaker 3: and the cyclosporo, right, this is of course something that
Speaker 3: is daunting for a lot of investors right now.
Speaker 2: Yeah.
Speaker 4: According to the story, Chipotle proactively removed the halapanos and
Speaker 4: replaced them with products from different growers quote upon learning
Speaker 4: of a potential salmonella outbreak in the supply chain, impacting
Speaker 4: several food service retailers. This according to Laurie Shallow, Chippoli's
Speaker 4: chief corporate affairs and food safety officer.
Speaker 1: All right, so keeping an eye on all of that.
Speaker 2: The Stock Mover's Report from Bloomberg Radio. Check back with
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