Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers podcast, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some of the stock movers today.
Speaker 1: I'm Alex Steel alongside Paul Sweeney, and we're joined now
Speaker 1: by Bloomberg's Isabelle Lee Is.
Speaker 2: Well, what are you looking at?
Speaker 1: We're looking at Palenteers shares are edging lower by fourteen percent.
Speaker 1: That's the most sense at least made twenty twenty four.
Speaker 1: So palunder dropped after earnings. Has always failed to live
Speaker 1: up to investors' loftiest expectations. That as always part isn't Palenteer,
Speaker 1: but the fact that investors just keep on wanting more
Speaker 1: and more and pounter really was the one that powered
Speaker 1: the S and P through much of its gains this year.
Speaker 1: So the company described rising demand for AI software as
Speaker 1: quote ravenous whirlwind, and it bumped twenty twenty five revenue forecasts,
Speaker 1: representing thirty six percent growth. So the company's growth was
Speaker 1: strong in the US, but enthusiasm was tepid in the
Speaker 1: rest of the world, which actually constitutes just one third
Speaker 1: of that's so this concerned analyst and this was really
Speaker 1: striking to me because it's just less than one third
Speaker 1: we have Bloomberg Intelligence saying even with all the good news,
Speaker 1: it just wasn't enough to sustain the evaluation going forward.
Speaker 1: Vital Knowledge said that the report shows strong upside, although
Speaker 1: expectations were quite frosty. So Palenter, as we know, was
Speaker 1: co founded by Peter Steele. It's best known for its
Speaker 1: military work and intelligence agency. So surprising, Yeah, it stocks
Speaker 1: of forty percent to date, that three hundred and twenty
Speaker 1: percent of the betrailing twelve months. So a little bit
Speaker 1: of a give back was not surprising.
Speaker 2: I guess what us we have Ford?
Speaker 1: So this is also it has mixed messaging. So Ford
Speaker 1: is edging higher by two percent. The company reported first
Speaker 1: quarter profit that beat expectations, but it also suspended its
Speaker 1: full year guidance, just like a long list of companies
Speaker 1: of course, because of Trump's tariffs, and Ford joins its rivals.
Speaker 1: Really that's going to be stung by global trade policies.
Speaker 1: And Ford said that expects the levies to reduce twenty
Speaker 1: twenty five adjusted earnest before interest and taxes, and it
Speaker 1: gave a number it expects that to reduce its impact
Speaker 1: to two point five Billindahl. So this is why I
Speaker 1: think it's not as down because we have Jeffrey saying
Speaker 1: that we felt management handled the public call better than
Speaker 1: previous events, by Barclay saying that okay, well, guidance is pulled,
Speaker 1: there's favoral cost commentary, and they expect that they will
Speaker 1: have more clarity in the years to come, in the
Speaker 1: months to come, and Ford did say that they plan
Speaker 1: to provide an updated outlook when it reports its next earnings.
Speaker 1: I mean there's always the trade too, like is it
Speaker 1: just already baked in?
Speaker 2: Right? Is the bad news baked in?
Speaker 1: Or it's not as bad as potentially expected? All right?
Speaker 1: Last step, what are you looking at Constellation right? Constellation Energy?
Speaker 1: Definitely it's edging higher by almost eight percent. So we
Speaker 1: have the SOCC reporting adjusted provident ebit that that fell
Speaker 1: short of expectations, but the company maintained its full year
Speaker 1: profit guidance. So I think that's really what's boosing investors.
Speaker 1: And the midpoint of the outlook is missing the average estimates.
Speaker 1: But still we have Blueberg Intelligence saying that the group's
Speaker 1: performance will likely hinge on outlook for data centers, and
Speaker 1: in April b I wrote that Constellation controls more than
Speaker 1: twenty percent of US nuclear capacity, and they're going to
Speaker 1: be one of the biggest beneficiaries of the inflation reduction.
Speaker 1: I Think.
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