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 Data.
Speaker 2: Let's take a look at some of the individual stocks
Speaker 2: on the move today.
Speaker 1: We can do that with Judy la Group from Bloomberg News.
Speaker 2: She joins us here in studio.
Speaker 1: Judy, what are you looking at?
Speaker 2: Good morning, Paul. I heard that you have never heard
Speaker 2: of Wayfair.
Speaker 1: I have never heard of the I.
Speaker 2: Always had to google.
Speaker 1: Dude, Yeah, I know, now I know.
Speaker 2: Well, the first story we're checking, or first company rather
Speaker 2: is Wayfair. Tick er w shares are staring as much
Speaker 2: as twenty eight percent and shares are on track for
Speaker 2: its biggest increase were their biggest increase since April twenty
Speaker 2: twenty five. This is coming after better than expected third
Speaker 2: quarter sales outlook from the company. They beat expectations for revenue,
Speaker 2: EPs and repeat customer orders, and the company also mentioned
Speaker 2: that sales are growing in the US at their fastest
Speaker 2: clip in five years, and the CFO on the earnings
Speaker 2: call this morning said that US revenue growth is really
Speaker 2: being driven by larger volumes, specifically with strength from high
Speaker 2: income consumers, and the CFO called out their luxury segment
Speaker 2: called Paragold, which grew second quarter sales by over a third.
Speaker 2: So Bloomberg Intelligence analysts also wrote that the company's results
Speaker 2: reflect improving execution despite sort of a challenged housing backdrop.
Speaker 2: So definitely a good day for with their today.
Speaker 1: And Paul now knows about wayfare now, you know, all right,
Speaker 1: nice up on your list.
Speaker 2: Sure, Palenteers next on our list. The data analysis software
Speaker 2: company ticker PLTR is rallying as much as twenty one
Speaker 2: percent and it is on track for its biggest increase
Speaker 2: since February twenty twenty five. So certainly it's in the
Speaker 2: news that the company boosted its revenue guidance for the
Speaker 2: full year that beat Wall Street estimates. We also are seeing,
Speaker 2: certainly sales expected to top eight billion for the year,
Speaker 2: and the revenue beat as well, at one point nine
Speaker 2: to four billion versus estimates of one point eight billion.
Speaker 2: But I want to call attention to the CEO's words.
Speaker 2: So we're talking about the term otherworldly that was used,
Speaker 2: but I want to put it in context very quickly.
Speaker 2: So the entire quote as that follows this quarter was otherworldly,
Speaker 2: such an achievement would be caused for astonishment in any business,
Speaker 2: but for one of our size, scale and consequence, it
Speaker 2: is simply staggering. So not only is it sort of
Speaker 2: otherworldly generally, but also for the company. The results were
Speaker 2: really blowing away, certainly management on the call. And I'd
Speaker 2: also like to note too, there is certainly a fear
Speaker 2: among bears for the sort of AI the er case,
Speaker 2: so just the worry that AI would really replace the business.
Speaker 2: But analysts are really sort of understanding that this is
Speaker 2: really not a big issue. So Morgan Stanley analysts specifically
Speaker 2: writing quote the faircase on AI native competition is overstated,
Speaker 2: and Karp also saying that the risks of letting models
Speaker 2: loose within their homes for AI companies is also something
Speaker 2: that calendar has an edge over. So interesting space to watch,
Speaker 2: all right. One more Spotify. Yes, Spotify, the world's largest
Speaker 2: music streaming service ticker spot So shares are now flat.
Speaker 2: They were they had fallen as much as five percent
Speaker 2: earlier in trading today, and they were on track for
Speaker 2: their worst day nearly three months. What we're looking at
Speaker 2: too is certainly the earnings results from the company. The
Speaker 2: third quarter active monthly monthly active users and operating income
Speaker 2: forecasts really miss estimates. Monthly active users came in at
Speaker 2: seven hundred and eighty eight million this quarter, down from
Speaker 2: the seven hundred and ninety three point five million that
Speaker 2: analysts expected, and so while Spotify is traditionally focused on
Speaker 2: growing subscribers, there looks like they're trying to increase prices
Speaker 2: and hoping that their more ardent users will really pay
Speaker 2: more for the service. Bloomberg Intelligence analysts specifically wrote that
Speaker 2: software than expected operating income might signal higher AI spending
Speaker 2: by the company, which was cous for investor concern and
Speaker 2: may have explained the stock movement earlier today in.
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