WEBVTT - McDonald's Rises; Caterpillar Surge; Palantir Forecasts

0:00:02.520 --> 0:00:09.960
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,

0:00:10.240 --> 0:00:13.400
<v Speaker 1>your roundup of companies making moves in the stock market,

0:00:13.640 --> 0:00:16.960
<v Speaker 1>harnessing the power of Bloomberg Data.

0:00:18.320 --> 0:00:19.280
<v Speaker 2>Stock Movers.

0:00:19.640 --> 0:00:22.200
<v Speaker 1>I don't know if she's starting with Catapillar, but I was.

0:00:22.160 --> 0:00:25.720
<v Speaker 2>Like, oh wow when I saw Cantaburg.

0:00:25.800 --> 0:00:28.280
<v Speaker 1>But there's like fourteen other stories. There are so many

0:00:28.440 --> 0:00:30.920
<v Speaker 1>go off the script. How do you pick the stock moversero?

0:00:31.000 --> 0:00:33.159
<v Speaker 2>Well, I try to see what is truly moving in

0:00:33.240 --> 0:00:36.120
<v Speaker 2>a large way upward down percent. But then also how

0:00:36.360 --> 0:00:38.599
<v Speaker 2>you know how many people own this stock? What's the

0:00:39.120 --> 0:00:44.400
<v Speaker 2>you know, revenue, like like like exactly, that's my first

0:00:44.720 --> 0:00:47.120
<v Speaker 2>that's your first script? Does Jalen Brunson own this? Stocks

0:00:47.640 --> 0:00:50.919
<v Speaker 2>movers go, So we'll see you bels McDonald's because that's

0:00:50.960 --> 0:00:54.560
<v Speaker 2>what I'm starting with. Ticker symbol MCD up about one percent,

0:00:54.640 --> 0:00:56.920
<v Speaker 2>but down thirteen percent year to date. It has been

0:00:56.960 --> 0:01:00.920
<v Speaker 2>going through it. So today McDonald's named a long time executive,

0:01:01.840 --> 0:01:06.200
<v Speaker 2>Sky Anderson, president of its US business. They say they

0:01:06.200 --> 0:01:09.240
<v Speaker 2>want him to bring focus and urgency to the home market.

0:01:09.360 --> 0:01:13.639
<v Speaker 2>Sales growth at US restaurants they slowed again, but people

0:01:13.640 --> 0:01:16.319
<v Speaker 2>who did show up bought price your items, So there

0:01:16.319 --> 0:01:19.880
<v Speaker 2>were higher check overall checks at McDonald's. They're trying to

0:01:19.920 --> 0:01:23.479
<v Speaker 2>expand their value menu, four dollar breakfasts, more options under

0:01:23.480 --> 0:01:25.039
<v Speaker 2>three bucks.

0:01:25.120 --> 0:01:28.960
<v Speaker 1>And explain how you do a four dollars breakfast, don't.

0:01:28.800 --> 0:01:32.480
<v Speaker 2>Know, especially when all everything's going up, I actually do it,

0:01:32.640 --> 0:01:34.600
<v Speaker 2>and you buys more beef in the world than McDonald's,

0:01:34.600 --> 0:01:35.360
<v Speaker 2>I would think, geez.

0:01:35.640 --> 0:01:38.839
<v Speaker 1>I mean, I just I don't understand the game plan,

0:01:39.920 --> 0:01:40.679
<v Speaker 1>you know, And.

0:01:40.640 --> 0:01:42.319
<v Speaker 2>I think that's what investors have been asking. But they

0:01:42.360 --> 0:01:44.360
<v Speaker 2>say they have this multi year plan. They want to

0:01:44.800 --> 0:01:48.480
<v Speaker 2>bring in higher quality food, hand breaded chicken, they want

0:01:48.520 --> 0:01:50.000
<v Speaker 2>to change restaurant designs.

0:01:50.080 --> 0:01:53.320
<v Speaker 1>So stock down twelve months or interns.

0:01:53.440 --> 0:01:56.040
<v Speaker 2>Yeah, all right, here's your Caterpillar Tom because it is

0:01:56.080 --> 0:01:59.400
<v Speaker 2>surging twelve percent here and it has really become part

0:01:59.440 --> 0:02:02.240
<v Speaker 2>of the broader AI trade. Right, So it's a US

0:02:02.360 --> 0:02:04.840
<v Speaker 2>machinery maker. We know there are big yellow cats out

0:02:04.880 --> 0:02:08.000
<v Speaker 2>there on farms across the country. It reported stronger sales

0:02:08.040 --> 0:02:10.560
<v Speaker 2>across its businesses. Sales rose to twenty and a half

0:02:10.639 --> 0:02:13.680
<v Speaker 2>billion dollars. And here's the thing, a record backlog for

0:02:13.800 --> 0:02:18.800
<v Speaker 2>equipment orders driven by data center buildouts. Sure, so you

0:02:18.800 --> 0:02:21.440
<v Speaker 2>know cadabillary was caught up in a recent selloff in

0:02:21.480 --> 0:02:24.920
<v Speaker 2>those AI adjacent stocks over concerns about the sustainability of

0:02:24.960 --> 0:02:28.560
<v Speaker 2>capex with as it relates to AI. But it's enjoying

0:02:28.680 --> 0:02:32.320
<v Speaker 2>a nice resurgence here today. All right, Palenteer Technologies have

0:02:32.400 --> 0:02:34.560
<v Speaker 2>to do it, because the stock is up sixteen percent.

0:02:35.360 --> 0:02:37.560
<v Speaker 2>Not too often you hear a company describe its sales

0:02:37.600 --> 0:02:41.680
<v Speaker 2>as otherworldly, but that's what Palenteer CEO is doing. It's

0:02:41.680 --> 0:02:44.400
<v Speaker 2>a software developer. They now expect sales to top eight

0:02:44.480 --> 0:02:47.360
<v Speaker 2>billion dollars this year, driven by demand for its data

0:02:47.440 --> 0:02:50.880
<v Speaker 2>analytics tools. And there was concern that AI startups like

0:02:50.919 --> 0:02:54.240
<v Speaker 2>Anthropic would sort of eat Palenteer's lunch, but no signs

0:02:54.280 --> 0:02:55.880
<v Speaker 2>of that in this earnings report.

0:02:55.960 --> 0:03:00.160
<v Speaker 1>Yeah. I love watching his CEO get interviewed on his

0:03:00.160 --> 0:03:02.959
<v Speaker 1>TV sky. He has no governor. He'll say anything.

0:03:03.040 --> 0:03:07.679
<v Speaker 2>He'll say anything, Robert ordering his company. I want to talk.

0:03:07.720 --> 0:03:11.320
<v Speaker 2>I know we usually do three. I'm squeezing in four Wayfair, Yes,

0:03:11.560 --> 0:03:14.960
<v Speaker 2>twenty and a half percent. You've got to shop at Wayfair.

0:03:15.280 --> 0:03:16.840
<v Speaker 2>I had to google it so I didn't know what way.

0:03:17.200 --> 0:03:20.720
<v Speaker 2>Oh all right, missus Kean went to it last night.

0:03:21.000 --> 0:03:24.120
<v Speaker 1>She's out there buying bar carts for friends.

0:03:23.760 --> 0:03:25.959
<v Speaker 2>Yes, this is what I'm talking about. Oh I love

0:03:26.000 --> 0:03:28.680
<v Speaker 2>that about your wife. Okay. So Wayfair said sales in

0:03:28.680 --> 0:03:31.519
<v Speaker 2>the US grew with their fastest clip in five years.

0:03:32.240 --> 0:03:34.480
<v Speaker 2>It also has brick and mortar stores, which I have

0:03:34.520 --> 0:03:37.280
<v Speaker 2>to say I didn't know about in Chicago and Atlanta,

0:03:37.400 --> 0:03:39.520
<v Speaker 2>and there they've got an annual membership.

0:03:39.560 --> 0:03:43.800
<v Speaker 1>Now, are they like et cet S Y No, No.

0:03:43.640 --> 0:03:46.040
<v Speaker 2>No, because they're selling new stuff. ATS is usually more

0:03:46.080 --> 0:03:49.800
<v Speaker 2>like not new or like people make their own stuff

0:03:49.840 --> 0:03:52.040
<v Speaker 2>and have their own storefront. So this is new merchandise.

0:03:52.200 --> 0:03:54.920
<v Speaker 2>But here's the thing. A lot of these furniture retailers

0:03:54.960 --> 0:03:58.240
<v Speaker 2>are being hurt by tariffs, by higher fuel costs. Somehow

0:03:58.280 --> 0:04:01.080
<v Speaker 2>Wayfair is not and there's an analysts who said it's

0:04:01.080 --> 0:04:05.520
<v Speaker 2>because they don't purchase inventory directly from suppliers and they're

0:04:05.560 --> 0:04:07.000
<v Speaker 2>not the importer of record.

0:04:08.400 --> 0:04:12.600
<v Speaker 1>The Stockmovers Report from Bloomberg Radio. Check back with us

0:04:12.680 --> 0:04:15.480
<v Speaker 1>throughout the day for the latest roundup of companies making

0:04:15.520 --> 0:04:19.160
<v Speaker 1>news on Wall Street and for the latest market moving headlines.

0:04:19.360 --> 0:04:23.359
<v Speaker 1>Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg

0:04:23.440 --> 0:04:26.479
<v Speaker 1>dot com, and on Applecarplay and Android Auto with the

0:04:26.520 --> 0:04:27.880
<v Speaker 1>Bloomberg business app,