WEBVTT - Walmart Rises, Palantir Gains, PayPal Plunges After CEO Announcement

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data. Let's take a look

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<v Speaker 1>at some of the names on the move today.

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<v Speaker 2>We can do that.

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<v Speaker 1>We got Bloomerg's normal NDO with us nor what are

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<v Speaker 1>you look cant well, Let's take a.

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<v Speaker 2>Look at shares of Walmart. This is ticker WMT. We've

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<v Speaker 2>been talking about this company because the top the one

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<v Speaker 2>trillion dollar mark today, which is of course its highest

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<v Speaker 2>level on records. So joining that one trillion dollar club here,

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<v Speaker 2>we are also seeing that the company has undergone a

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<v Speaker 2>massive digital transformation, has really been using tech and AI

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<v Speaker 2>across all of its operations. But we are hearing some

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<v Speaker 2>speculation as to whether or not there's much upside left

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<v Speaker 2>for this company, given the fact that it's average price

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<v Speaker 2>target across Wall Street is one hundred and twenty four

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<v Speaker 2>dollars and thirty seven cents, which is right near where

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<v Speaker 2>shares closed just yesterday. But needless to say, we are

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<v Speaker 2>still seeing shares on the rise, up as much as

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<v Speaker 2>two point three percent in trading today. Pretty remarkable that

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<v Speaker 2>Walmart's price to earnings ratio is forty nine and target

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<v Speaker 2>is just below fifteen.

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<v Speaker 1>Yes, very interesting, don't get it?

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<v Speaker 2>What else pallent here ticker PLTR. We're seeing this company

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<v Speaker 2>on the rise, pairing but earlier up as much as

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<v Speaker 2>twelve percent for its best dates since April. We did

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<v Speaker 2>see twenty twenty six revenue forecast that blew things out

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<v Speaker 2>of the water. I mean, people are really looking at

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<v Speaker 2>this in terms of it significantly topping expectations. Fourth quarter

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<v Speaker 2>revenue grew by seventy percent to one point four billion dollars.

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<v Speaker 2>Despite the companies accelerating revenue, shares are still down about

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<v Speaker 2>twenty nine percent from its November peak, so definitely important

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<v Speaker 2>to kind of keep in context. We're seeing shares a

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<v Speaker 2>paleer down about thirteen percent so far this year. All right,

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<v Speaker 2>last one and last one. Taking a look at PayPal,

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<v Speaker 2>this stock in the red ticker PYPL. Shares are down

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<v Speaker 2>for double digit losses earlier, hitting its worst days since

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<v Speaker 2>twenty twenty two and lowest levels in eight years. We

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<v Speaker 2>did see that the company reported adjusted EPs that fell

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<v Speaker 2>short of the analyst expectations, but what was really in

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<v Speaker 2>focus was this new CEO announcement. We did hear that

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<v Speaker 2>HP CEO Enrique Larez will take over the top job

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<v Speaker 2>at PayPal from Alex Chris, whose turnaround plan has failed

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<v Speaker 2>to meet targets and streamline the sprawling payments business. We

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<v Speaker 2>are also seeing that the company lost about thirty two

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<v Speaker 2>percent last year and this year also down about twenty

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<v Speaker 2>seven percent.

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<v Speaker 1>Here today the Stock Movers Report from Bloomberg Radio. Check

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<v Speaker 1>back with us throughout the day for the latest roundup

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<v Speaker 1>of companies making news on Wall Street and for the

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<v Speaker 1>latest market moving headlines. Listen to Bloomberg Radio Live, catch

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