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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg.

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Speaker 2: Data, Alexis Christopher's, Paul Sweeney, and Lisa Mittel. It is

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Speaker 2: tying for stock movers. Lisa, what do you have for

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Speaker 2: us today?

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Speaker 3: All right? I want to start with Palenteer. Take our pltr.

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Speaker 3: Their shares have been down as much as eight percent.

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Speaker 3: So the thing is at top analyst estimates for third

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Speaker 3: quarter sales raise its annual revenue outlook. Palenteer reported revenue

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Speaker 3: above estimates for twenty one consecutive quarters. So here's the thing.

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Speaker 3: It's valuation coming into question and investors worry if the

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Speaker 3: AI rally is sustainable. Now a big part of that though,

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Speaker 3: it's coming from hedge fund manager Michael Burry. Now he

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Speaker 3: has bearish Wager's gone Palenteer also on Nvidia, and if

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Speaker 3: you take a look at Palenteer, so the stock is

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Speaker 3: stored more than one hundred and seventy percent this year

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Speaker 3: through Monday, it close out our record. The company has

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Speaker 3: price the sales ratio of eighty five as of Friday,

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Speaker 3: the highest and the s and p five hundred index,

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Speaker 3: and then we go to Bloomberg's man Deep Sing. He

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Speaker 3: said that investors likely wanted a little bit more guidance

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Speaker 3: about the following year. They wanted a little bit more

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Speaker 3: sense of what was to come in twenty twenty six.

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Speaker 2: All right, So that's Pallenteer, big, big, big mover. You know,

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Speaker 2: Dan Ives is one of those guys. He came out

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Speaker 2: I think late on the stock initiating coverage, but he

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Speaker 2: was super bullish. And another one that's generally worked out

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Speaker 2: well Hurts. I am a gold customer at Hurts. I

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Speaker 2: mean I can just cool right up, get any car

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Speaker 2: I want, and pull off. So there, how about that?

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Speaker 3: And you know it's goal their share their stock is

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Speaker 3: a twenty five percent Okay, take your HTZ. So it

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Speaker 3: swung to a third quarter prophet. He was held by

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Speaker 3: this lower depreciation. So the company's continuing that strategy, right,

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Speaker 3: they're swapping out the older cars for the newer fleet.

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Speaker 3: In August, you remember they started selling those used cars

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Speaker 3: on Amazon. So that was a move to kind of

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Speaker 3: offload more vehicles to those retail buyers a path to

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Speaker 3: higher profits. So if you want the specific numbers, I'll

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Speaker 3: hit you with net income. Okay, one hundred and eighty

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Speaker 3: four million, forty two cents a share. That was compared

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Speaker 3: with a loss of one one three three billion or

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Speaker 3: four dollars and thirty four cents a share the year prior.

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Speaker 3: So that's as far as hurts. Now we go to Uber. Okay,

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Speaker 3: so Uber, this story was back, and first.

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Speaker 2: Let me let me ask a question.

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Speaker 3: Yes, yes, do you guys.

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Speaker 2: Arbitrage between Uber and lyft or do you just go.

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Speaker 1: Right to Uber?

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Speaker 3: I just go right to Uber.

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Speaker 1: I know.

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Speaker 3: I don't even have the lift app I.

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Speaker 2: Used to get rid of percent discounts I find between

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Speaker 2: one versus the other. It's just random. I don't get it. Also,

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Speaker 2: by the way, I try to not Uber lift or

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Speaker 2: any of those as much as possible. You're in New

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Speaker 2: York City, Goal, you're a big walker, big walker, and

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Speaker 2: there we go.

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Speaker 3: Good for you. I'm a Jersey. We drove over earning earnings,

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Speaker 3: crushed estimates, but the stock's getting slammed, so it is Yeah, okay,

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Speaker 3: So here's the thing, because that's what I was wrong.

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Speaker 3: I was like, why are there shares lower? So it

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Speaker 3: posted a miss on third quarter operating income issued adjusted

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Speaker 3: earnings forecast for the current period that fell short of estimates,

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Speaker 3: and CEO said that that miss on operating income it

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Speaker 3: was actually partially due to undisclosed legal and regulatory matters.

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Speaker 3: But you're right, it was good news. I mean, they

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Speaker 3: had an otherwise upbeat report, Uber's strongest quarterly growth since

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Speaker 3: late twenty twenty three total bookings. They grew twenty one

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Speaker 3: percent to forty nine point seven billion for the quarter

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Speaker 3: and that top estimates too. You mentioned Lift, Paul, so

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Speaker 3: Lift and door Dash they are both scheduled to report

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Speaker 3: after the close tomorrow, so we'll hear from them and

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Speaker 3: see how they are doing.

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Speaker 2: I don't door Dash. No one in my family is

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Speaker 2: authorized door Dash as well, me too. Any time for iHeart,

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Speaker 2: I do, I do.

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Speaker 3: Okay, so this is the weird one. Okay, So it's

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Speaker 3: ie ticker. IHRT shares up as much as thirty percent.

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Speaker 3: And this is the reason why. Okay, so Netflix and

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Speaker 3: talks to licensed video podcasts that are distributed by iHeartMedia,

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Speaker 3: so basically it's putting it in competition with YouTube, and

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Speaker 3: that's the reason why the stock is storing. Because Netflix

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Speaker 3: had a similar thing with Spotify where they were kind

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Speaker 3: of doing the same thing, but now there's this apparently

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Speaker 3: sourceder saying that Netflix is going to try and do

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Speaker 3: it with iHeart.

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Speaker 1: The Stock Movers report from Bloomberg Radio. Check back with

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Speaker 1: us throughout the day for the latest roundup of companies

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Speaker 1: making news on Wall Street and for the latest market

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