1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Mover's Report, 2 00:00:10,280 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market. 3 00:00:13,680 --> 00:00:15,880 Speaker 1: Harnessing the power of Bloomberg Data. 4 00:00:16,840 --> 00:00:19,320 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:19,640 --> 00:00:23,479 Speaker 2: I'm Tom Keen with Paul Sweeney and Bloomberg's Lisa Matteo. 6 00:00:23,760 --> 00:00:26,119 Speaker 3: I want us to start with the strong earnings report 7 00:00:26,120 --> 00:00:28,880 Speaker 3: from Palenteer tick. Our pltrs shares have been up as 8 00:00:28,960 --> 00:00:31,720 Speaker 3: much as six percent before the bell. So here's the thing. 9 00:00:31,760 --> 00:00:33,920 Speaker 3: It reported a forty eight percent increase in revenue for 10 00:00:33,920 --> 00:00:36,640 Speaker 3: the second quarter, more than one billion dollars raise its 11 00:00:36,680 --> 00:00:39,599 Speaker 3: revenue outlook for the full year, and paleteers in its 12 00:00:39,600 --> 00:00:42,599 Speaker 3: stock price serves more than five hundred percent over. 13 00:00:42,400 --> 00:00:43,360 Speaker 1: The past year. 14 00:00:43,479 --> 00:00:45,839 Speaker 3: It's incredible thanks to a few things, right. You have 15 00:00:46,120 --> 00:00:49,479 Speaker 3: high expectations from investors, growth in demand for AI tools, 16 00:00:49,920 --> 00:00:52,559 Speaker 3: and it has this deep reach of the private and 17 00:00:52,640 --> 00:00:55,960 Speaker 3: public sectors, because remember it's it's US government. Revenue climbed 18 00:00:56,000 --> 00:00:59,120 Speaker 3: fifty three percent in the quarter, plays a key role 19 00:00:59,240 --> 00:01:00,600 Speaker 3: US government con tractor too. 20 00:01:00,600 --> 00:01:03,320 Speaker 2: On top of it, that's not mag seven. It has 21 00:01:03,360 --> 00:01:09,440 Speaker 2: four thousand and one employees out of Denver. Good morning, I. 22 00:01:09,400 --> 00:01:13,600 Speaker 4: Mean, Paul, here's the evacuation. Here the ms TOM will 23 00:01:13,600 --> 00:01:17,720 Speaker 4: appreciate on a trailing twelve month basis pe five hundred times, 24 00:01:17,959 --> 00:01:20,000 Speaker 4: but going forward it's only two hundred and fifty times. 25 00:01:20,000 --> 00:01:22,400 Speaker 4: So it's it's earning its way into it's multiple times. 26 00:01:22,680 --> 00:01:24,440 Speaker 4: As the kids would say. 27 00:01:24,640 --> 00:01:28,160 Speaker 2: So there you go. I just I've just like guns. 28 00:01:28,200 --> 00:01:29,280 Speaker 1: He faced. 29 00:01:30,200 --> 00:01:32,119 Speaker 4: Dan Ives was late to this name. He was one 30 00:01:32,120 --> 00:01:34,480 Speaker 4: of the you know he not that, he just was 31 00:01:34,560 --> 00:01:36,800 Speaker 4: way well into the it's being a public company, but 32 00:01:36,880 --> 00:01:39,240 Speaker 4: he pounded the table and he was right bred Zelnik. 33 00:01:38,920 --> 00:01:41,240 Speaker 2: And Deutsche Bank has a hold on it right now. 34 00:01:41,400 --> 00:01:42,000 Speaker 2: Lisa next. 35 00:01:42,040 --> 00:01:44,360 Speaker 3: Yeah, and those commercial contracts on top of the government ones, 36 00:01:44,440 --> 00:01:46,920 Speaker 3: it's huge for them. Okay, want to move to Caterpillar, 37 00:01:47,080 --> 00:01:49,480 Speaker 3: take her c A T It chairs have been down 38 00:01:49,560 --> 00:01:51,640 Speaker 3: as much as four percent before the bell. And the 39 00:01:51,680 --> 00:01:53,320 Speaker 3: reason we turn to this is because it's like this 40 00:01:53,400 --> 00:01:55,440 Speaker 3: bell weather right to the health of the global economy. 41 00:01:56,120 --> 00:01:59,520 Speaker 3: So lower than expected quarterly profit, the cost of tariffs, 42 00:01:59,600 --> 00:02:04,600 Speaker 3: slightly lower prices, tariff driven headwinds pushing up manufacturing costs, 43 00:02:04,680 --> 00:02:08,919 Speaker 3: hurting profit even at sales volume that still remained steady. 44 00:02:09,000 --> 00:02:11,600 Speaker 3: So they're saying the net impact from Tariff's in the 45 00:02:11,600 --> 00:02:13,720 Speaker 3: second quarter at the top end of their range two 46 00:02:13,800 --> 00:02:16,440 Speaker 3: hundred and fifty million to three hundred and fifty million. 47 00:02:16,800 --> 00:02:19,359 Speaker 3: And if you want the breakdown as far as different sectors, 48 00:02:19,520 --> 00:02:23,000 Speaker 3: they saw sales slip in both construction and resource industries, 49 00:02:23,240 --> 00:02:26,440 Speaker 3: Energy and transportation, though that did post a bit higher sales. 50 00:02:26,440 --> 00:02:30,000 Speaker 2: One hundred and thirteen thousand employees, so it's not pavolunteer 51 00:02:30,080 --> 00:02:32,360 Speaker 2: and you wonder how many of them are at risk yep, 52 00:02:32,639 --> 00:02:36,280 Speaker 2: because of terrors. Can we just state Caterpillar how much 53 00:02:36,400 --> 00:02:38,800 Speaker 2: up per year the last ten years? Someboy I would 54 00:02:38,800 --> 00:02:43,160 Speaker 2: have guessed fifteen percent. I was wrong, now twenty two percent. Nice. 55 00:02:43,320 --> 00:02:46,720 Speaker 2: It's like Apple like Yep, it make track. They may 56 00:02:46,760 --> 00:02:48,720 Speaker 2: make they make badgozs. 57 00:02:48,240 --> 00:02:51,919 Speaker 4: Stuff exactly, that's good stuff that makes manually good. 58 00:02:51,960 --> 00:02:55,800 Speaker 3: Lisa too, I want to go to young brandswell, and 59 00:02:55,840 --> 00:02:58,680 Speaker 3: they're a taker. Yu M shares are down more than 60 00:02:58,680 --> 00:03:02,959 Speaker 3: two percent. They sales world doesn't expected. Taco Bell weaker 61 00:03:03,000 --> 00:03:05,840 Speaker 3: than anticipated. That's usually their bright spot, right because they 62 00:03:05,840 --> 00:03:10,280 Speaker 3: have the offerings, the low prices. KFC domestically their sales 63 00:03:10,280 --> 00:03:13,600 Speaker 3: a client in internationally though they did better, and then 64 00:03:13,680 --> 00:03:17,720 Speaker 3: Pizza Hut it just continues to be a losing streak 65 00:03:17,760 --> 00:03:21,320 Speaker 3: for them. It's seven straight quarter same store sales declines. 66 00:03:21,639 --> 00:03:23,120 Speaker 3: It tried to do a couple of things right. It 67 00:03:23,160 --> 00:03:25,600 Speaker 3: did these like bonus two dollars pizza things, but it 68 00:03:25,919 --> 00:03:28,040 Speaker 3: just didn't work for them, the offerings. 69 00:03:27,560 --> 00:03:29,639 Speaker 4: That they were doing. And the consumer Mike Halen, who 70 00:03:29,639 --> 00:03:32,240 Speaker 4: covers restaurants for Bloomberg Intelligences, but calling out the low 71 00:03:32,280 --> 00:03:34,359 Speaker 4: and that that's where the folks are seeing some of 72 00:03:34,400 --> 00:03:35,119 Speaker 4: the weakness there. 73 00:03:35,400 --> 00:03:38,920 Speaker 2: I think it's it's fascinating. And Lisa, for your newspapers. 74 00:03:38,920 --> 00:03:41,880 Speaker 2: This week there was an article in the Zeitgeist about 75 00:03:42,040 --> 00:03:46,480 Speaker 2: the restaurant boom in New York City back to twenty fourteen. 76 00:03:46,680 --> 00:03:50,960 Speaker 2: I mean the leasing of spaces for restaurants because they're booming, 77 00:03:51,320 --> 00:03:54,560 Speaker 2: and they're booming because it takeout your kids and Mike kids, 78 00:03:54,800 --> 00:03:56,040 Speaker 2: do your kids do take out? 79 00:03:57,520 --> 00:03:59,160 Speaker 4: I don't pay for it. If they do, I don't 80 00:03:59,160 --> 00:04:00,520 Speaker 4: pay for it for it. I'll tell you here in 81 00:04:00,560 --> 00:04:02,760 Speaker 4: New York City, where you really see it is the 82 00:04:02,800 --> 00:04:05,800 Speaker 4: delivery dudes on the electric bikes. They're flying all over 83 00:04:05,840 --> 00:04:08,200 Speaker 4: in the city and they're going on a one way street. 84 00:04:08,400 --> 00:04:11,400 Speaker 4: They're invariably going the opposite way. Those are the people 85 00:04:11,400 --> 00:04:13,120 Speaker 4: you have to watch out for. No, it's not the 86 00:04:13,200 --> 00:04:15,400 Speaker 4: caves anymore dangerous, super busy. 87 00:04:15,600 --> 00:04:18,240 Speaker 2: That's our first question to Governor Cuomo, if you're going 88 00:04:18,279 --> 00:04:20,520 Speaker 2: to come May, what do you do about the bise duds? 89 00:04:21,080 --> 00:04:22,560 Speaker 2: Are you done? Hes A one more? 90 00:04:23,240 --> 00:04:24,720 Speaker 3: Well, you know what, I'll squeeze in because we have 91 00:04:24,800 --> 00:04:27,960 Speaker 3: like thirty seconds. Hymns and Hers held down thirteen percent. 92 00:04:28,480 --> 00:04:30,760 Speaker 3: Analysts pointed to weak sales because of the weight loss 93 00:04:30,800 --> 00:04:32,600 Speaker 3: drugs that used to be this bright spot for them, 94 00:04:32,680 --> 00:04:35,920 Speaker 3: because of FDA changes and regulations. Well now it's not 95 00:04:36,000 --> 00:04:36,600 Speaker 3: doing so well. 96 00:04:38,200 --> 00:04:42,160 Speaker 1: This stock Movers report from Bloomberg Radio. Check back with 97 00:04:42,320 --> 00:04:44,880 Speaker 1: us throughout the day for the latest roundup of companies 98 00:04:44,960 --> 00:04:48,000 Speaker 1: making news on Wall Street and for the latest market 99 00:04:48,080 --> 00:04:52,560 Speaker 1: moving headlines. 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