Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg.
Speaker 2: Data, Alexis Christopher's, Paul Sweeney, and Lisa Mittel. It is
Speaker 2: tying for stock movers. Lisa, what do you have for
Speaker 2: us today?
Speaker 3: All right? I want to start with Palenteer. Take our pltr.
Speaker 3: Their shares have been down as much as eight percent.
Speaker 3: So the thing is at top analyst estimates for third
Speaker 3: quarter sales raise its annual revenue outlook. Palenteer reported revenue
Speaker 3: above estimates for twenty one consecutive quarters. So here's the thing.
Speaker 3: It's valuation coming into question and investors worry if the
Speaker 3: AI rally is sustainable. Now a big part of that though,
Speaker 3: it's coming from hedge fund manager Michael Burry. Now he
Speaker 3: has bearish Wager's gone Palenteer also on Nvidia, and if
Speaker 3: you take a look at Palenteer, so the stock is
Speaker 3: stored more than one hundred and seventy percent this year
Speaker 3: through Monday, it close out our record. The company has
Speaker 3: price the sales ratio of eighty five as of Friday,
Speaker 3: the highest and the s and p five hundred index,
Speaker 3: and then we go to Bloomberg's man Deep Sing. He
Speaker 3: said that investors likely wanted a little bit more guidance
Speaker 3: about the following year. They wanted a little bit more
Speaker 3: sense of what was to come in twenty twenty six.
Speaker 2: All right, So that's Pallenteer, big, big, big mover. You know,
Speaker 2: Dan Ives is one of those guys. He came out
Speaker 2: I think late on the stock initiating coverage, but he
Speaker 2: was super bullish. And another one that's generally worked out
Speaker 2: well Hurts. I am a gold customer at Hurts. I
Speaker 2: mean I can just cool right up, get any car
Speaker 2: I want, and pull off. So there, how about that?
Speaker 3: And you know it's goal their share their stock is
Speaker 3: a twenty five percent Okay, take your HTZ. So it
Speaker 3: swung to a third quarter prophet. He was held by
Speaker 3: this lower depreciation. So the company's continuing that strategy, right,
Speaker 3: they're swapping out the older cars for the newer fleet.
Speaker 3: In August, you remember they started selling those used cars
Speaker 3: on Amazon. So that was a move to kind of
Speaker 3: offload more vehicles to those retail buyers a path to
Speaker 3: higher profits. So if you want the specific numbers, I'll
Speaker 3: hit you with net income. Okay, one hundred and eighty
Speaker 3: four million, forty two cents a share. That was compared
Speaker 3: with a loss of one one three three billion or
Speaker 3: four dollars and thirty four cents a share the year prior.
Speaker 3: So that's as far as hurts. Now we go to Uber. Okay,
Speaker 3: so Uber, this story was back, and first.
Speaker 2: Let me let me ask a question.
Speaker 3: Yes, yes, do you guys.
Speaker 2: Arbitrage between Uber and lyft or do you just go.
Speaker 1: Right to Uber?
Speaker 3: I just go right to Uber.
Speaker 1: I know.
Speaker 3: I don't even have the lift app I.
Speaker 2: Used to get rid of percent discounts I find between
Speaker 2: one versus the other. It's just random. I don't get it. Also,
Speaker 2: by the way, I try to not Uber lift or
Speaker 2: any of those as much as possible. You're in New
Speaker 2: York City, Goal, you're a big walker, big walker, and
Speaker 2: there we go.
Speaker 3: Good for you. I'm a Jersey. We drove over earning earnings,
Speaker 3: crushed estimates, but the stock's getting slammed, so it is Yeah, okay,
Speaker 3: So here's the thing, because that's what I was wrong.
Speaker 3: I was like, why are there shares lower? So it
Speaker 3: posted a miss on third quarter operating income issued adjusted
Speaker 3: earnings forecast for the current period that fell short of estimates,
Speaker 3: and CEO said that that miss on operating income it
Speaker 3: was actually partially due to undisclosed legal and regulatory matters.
Speaker 3: But you're right, it was good news. I mean, they
Speaker 3: had an otherwise upbeat report, Uber's strongest quarterly growth since
Speaker 3: late twenty twenty three total bookings. They grew twenty one
Speaker 3: percent to forty nine point seven billion for the quarter
Speaker 3: and that top estimates too. You mentioned Lift, Paul, so
Speaker 3: Lift and door Dash they are both scheduled to report
Speaker 3: after the close tomorrow, so we'll hear from them and
Speaker 3: see how they are doing.
Speaker 2: I don't door Dash. No one in my family is
Speaker 2: authorized door Dash as well, me too. Any time for iHeart,
Speaker 2: I do, I do.
Speaker 3: Okay, so this is the weird one. Okay, So it's
Speaker 3: ie ticker. IHRT shares up as much as thirty percent.
Speaker 3: And this is the reason why. Okay, so Netflix and
Speaker 3: talks to licensed video podcasts that are distributed by iHeartMedia,
Speaker 3: so basically it's putting it in competition with YouTube, and
Speaker 3: that's the reason why the stock is storing. Because Netflix
Speaker 3: had a similar thing with Spotify where they were kind
Speaker 3: of doing the same thing, but now there's this apparently
Speaker 3: sourceder saying that Netflix is going to try and do
Speaker 3: it with iHeart.
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