WEBVTT - Palantir Slides, Uber Misses, Yum! Rises on Beat

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg data.

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<v Speaker 3>Let's see where some action is with some individual stock

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<v Speaker 3>movers and go to Christina Quino. Christine, what do you

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<v Speaker 3>got for us?

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<v Speaker 1>Well, we got to talk about Pound here, all big

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<v Speaker 1>news today, So Pound here taker p LTR. Those shares

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<v Speaker 1>are down just under seven percent six point nine percent

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<v Speaker 1>at the moment. As we know, they did release their

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<v Speaker 1>fullier forecasts and their third quarter results both are good,

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<v Speaker 1>both beat expectations. But again we know that analysts are

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<v Speaker 1>questioning their evaluation. Are we seeing makes a good point

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<v Speaker 1>actually in their analysis of the results. So they do

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<v Speaker 1>remain overwhelmingly US centric and then the rest of their

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<v Speaker 1>international portfolio and their performance looks a little stagnant, so

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<v Speaker 1>I think it's contributing to some of those concerns. And

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<v Speaker 1>then of course they're also the news because Michael Berry,

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<v Speaker 1>so Asset Management, disclosed barash wagers on Puntaire as well

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<v Speaker 1>as Nvidia. This according to their thirteen F filings. And

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<v Speaker 1>you know, we know that Berry has been quite critical

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<v Speaker 1>of these particular stocks, a lot of warnings over potential bubble.

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<v Speaker 1>But the thing to think about here is that it's

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<v Speaker 1>not clear right whether these positions are outright positions. Are

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<v Speaker 1>they part of spread trades? Is there another side that

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<v Speaker 1>the company was not required to disclose in the thirteen

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<v Speaker 1>f So just a little bit of a hint of

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<v Speaker 1>caution there over interpreting or over interpreting this.

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<v Speaker 4>Or the quick glance at you know, oh, put options.

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<v Speaker 4>So that means negative, that means self. So that's another

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<v Speaker 4>way of thinking about it. Let's talk about Uber.

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<v Speaker 1>Yeah, let's talk about Uber. We also got results for

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<v Speaker 1>that company today, So ticker ub Er shares not doing

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<v Speaker 1>too well either there down seven percent. It was a

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<v Speaker 1>missed in third quarter operating income one point one billion

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<v Speaker 1>versus one point sixty two estimates, and they're adjusted earnings

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<v Speaker 1>forecast also falling short of forecasts. The silver lining though,

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<v Speaker 1>is that their quarterly growth was the strongest since late

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<v Speaker 1>twenty twenty three, and customers ordered more rides and deliveries

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<v Speaker 1>than expected, so JP Morgan pointing out that the delivery

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<v Speaker 1>category is potentially uh silver lining for them as well.

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<v Speaker 1>They can grow that profitably because they continue to see

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<v Speaker 1>better membership.

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<v Speaker 3>Adoption, all right, young brands looking to hunt Pizza Hut exactly.

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<v Speaker 3>The Pizza Hut was like a big time when I

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<v Speaker 3>was in college in Virginia. That was a big touch

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<v Speaker 3>sign out.

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<v Speaker 1>I'm sure, I'm sure that was a saver for you,

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<v Speaker 1>pe'all no two am Sun sessions. Sure yeah, but yees.

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<v Speaker 1>So Young Brands owner Pizza Hut, so ticker, why you

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<v Speaker 1>shares are actually rising on those news, They're up merely

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<v Speaker 1>four percent. And again, you know, we also got their

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<v Speaker 1>results third quarter EPs beating estimates, revenue also slightly above forecast.

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<v Speaker 1>But as you say, Paul, it's all about Pizza Hut

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<v Speaker 1>and their strategic review because it seems that the company

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<v Speaker 1>is running out of patients. Their sales have been stuck

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<v Speaker 1>at about a billion dollars four years, and so Baard

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<v Speaker 1>analyst David Tarantino pointing out that if Young ends up

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<v Speaker 1>selling Pizza Hut after the strategic review, they could actually

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<v Speaker 1>add one percentage point of growth to system sales. But

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<v Speaker 1>that would be selling quite an iconic brand.

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<v Speaker 3>Wouldn't it. I Mean, you know, when you're in Richmond, Virginia,

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<v Speaker 3>there is no pizza, so Pizza Hut was kind.

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<v Speaker 4>Of it yeah, and I'm just kind of stunned at

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<v Speaker 4>how remember once upon a time Pizza Hut and Dominoes

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<v Speaker 4>like vibe the dominance in you know, the I don't

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<v Speaker 4>want to call it generic, but national pizza market and

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<v Speaker 4>Dominoes has come out way ahead. It's pretty remarkable.

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<v Speaker 2>The stock Mover's report from Bloomberg Radio. Check back with

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