Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg data.
Speaker 3: Let's see where some action is with some individual stock
Speaker 3: movers and go to Christina Quino. Christine, what do you
Speaker 3: got for us?
Speaker 1: Well, we got to talk about Pound here, all big
Speaker 1: news today, So Pound here taker p LTR. Those shares
Speaker 1: are down just under seven percent six point nine percent
Speaker 1: at the moment. As we know, they did release their
Speaker 1: fullier forecasts and their third quarter results both are good,
Speaker 1: both beat expectations. But again we know that analysts are
Speaker 1: questioning their evaluation. Are we seeing makes a good point
Speaker 1: actually in their analysis of the results. So they do
Speaker 1: remain overwhelmingly US centric and then the rest of their
Speaker 1: international portfolio and their performance looks a little stagnant, so
Speaker 1: I think it's contributing to some of those concerns. And
Speaker 1: then of course they're also the news because Michael Berry,
Speaker 1: so Asset Management, disclosed barash wagers on Puntaire as well
Speaker 1: as Nvidia. This according to their thirteen F filings. And
Speaker 1: you know, we know that Berry has been quite critical
Speaker 1: of these particular stocks, a lot of warnings over potential bubble.
Speaker 1: But the thing to think about here is that it's
Speaker 1: not clear right whether these positions are outright positions. Are
Speaker 1: they part of spread trades? Is there another side that
Speaker 1: the company was not required to disclose in the thirteen
Speaker 1: f So just a little bit of a hint of
Speaker 1: caution there over interpreting or over interpreting this.
Speaker 4: Or the quick glance at you know, oh, put options.
Speaker 4: So that means negative, that means self. So that's another
Speaker 4: way of thinking about it. Let's talk about Uber.
Speaker 1: Yeah, let's talk about Uber. We also got results for
Speaker 1: that company today, So ticker ub Er shares not doing
Speaker 1: too well either there down seven percent. It was a
Speaker 1: missed in third quarter operating income one point one billion
Speaker 1: versus one point sixty two estimates, and they're adjusted earnings
Speaker 1: forecast also falling short of forecasts. The silver lining though,
Speaker 1: is that their quarterly growth was the strongest since late
Speaker 1: twenty twenty three, and customers ordered more rides and deliveries
Speaker 1: than expected, so JP Morgan pointing out that the delivery
Speaker 1: category is potentially uh silver lining for them as well.
Speaker 1: They can grow that profitably because they continue to see
Speaker 1: better membership.
Speaker 3: Adoption, all right, young brands looking to hunt Pizza Hut exactly.
Speaker 3: The Pizza Hut was like a big time when I
Speaker 3: was in college in Virginia. That was a big touch
Speaker 3: sign out.
Speaker 1: I'm sure, I'm sure that was a saver for you,
Speaker 1: pe'all no two am Sun sessions. Sure yeah, but yees.
Speaker 1: So Young Brands owner Pizza Hut, so ticker, why you
Speaker 1: shares are actually rising on those news, They're up merely
Speaker 1: four percent. And again, you know, we also got their
Speaker 1: results third quarter EPs beating estimates, revenue also slightly above forecast.
Speaker 1: But as you say, Paul, it's all about Pizza Hut
Speaker 1: and their strategic review because it seems that the company
Speaker 1: is running out of patients. Their sales have been stuck
Speaker 1: at about a billion dollars four years, and so Baard
Speaker 1: analyst David Tarantino pointing out that if Young ends up
Speaker 1: selling Pizza Hut after the strategic review, they could actually
Speaker 1: add one percentage point of growth to system sales. But
Speaker 1: that would be selling quite an iconic brand.
Speaker 3: Wouldn't it. I Mean, you know, when you're in Richmond, Virginia,
Speaker 3: there is no pizza, so Pizza Hut was kind.
Speaker 4: Of it yeah, and I'm just kind of stunned at
Speaker 4: how remember once upon a time Pizza Hut and Dominoes
Speaker 4: like vibe the dominance in you know, the I don't
Speaker 4: want to call it generic, but national pizza market and
Speaker 4: Dominoes has come out way ahead. It's pretty remarkable.
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