1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,800 Speaker 2: the stock market, harnessing the power of Bloomberg data, take. 4 00:00:16,640 --> 00:00:18,079 Speaker 1: A look at some of the stocks on the move today. 5 00:00:18,079 --> 00:00:21,079 Speaker 1: We can do that with Bloomberg's Chris Christine. What are 6 00:00:21,079 --> 00:00:22,880 Speaker 1: you looking at today? All right, Paul, let's take a 7 00:00:22,880 --> 00:00:25,799 Speaker 1: look at Palanteer. So it took her pltier. Those airs 8 00:00:25,800 --> 00:00:28,680 Speaker 1: are actually down at the moment more than three percent, 9 00:00:29,120 --> 00:00:32,800 Speaker 1: but prior to Tuesday it did complete a four day 10 00:00:32,920 --> 00:00:36,320 Speaker 1: rally that was the longest streak since Christmas Eve twenty 11 00:00:36,440 --> 00:00:39,360 Speaker 1: twenty five. And a lot of anil is turning bullish 12 00:00:39,400 --> 00:00:43,000 Speaker 1: now on Paluner given that it does have a defense 13 00:00:43,120 --> 00:00:46,360 Speaker 1: business that a lot of them are getting more optimistic on, 14 00:00:47,360 --> 00:00:50,440 Speaker 1: and it does get half of its revenue from US 15 00:00:50,600 --> 00:00:54,480 Speaker 1: government and military contracts. And so at the moment, of course, 16 00:00:54,880 --> 00:01:00,120 Speaker 1: given all the geopolitical tensions that we're seeing a lot 17 00:01:00,160 --> 00:01:03,400 Speaker 1: of investors kind of seeing Pounder as a beneficiary of that. 18 00:01:03,560 --> 00:01:07,440 Speaker 1: So we've seen analysts upgrading the ratings Unpounders stock twenty 19 00:01:08,319 --> 00:01:11,880 Speaker 1: of thirty one analysts that that Bloomberg Monitors now rates 20 00:01:11,920 --> 00:01:15,320 Speaker 1: it a bye and remember it's had quite the challenging 21 00:01:15,680 --> 00:01:19,560 Speaker 1: past year, like for twenty twenty five that sock was 22 00:01:19,680 --> 00:01:22,760 Speaker 1: down or rather no, actually no, that song was up 23 00:01:23,000 --> 00:01:26,280 Speaker 1: a lot. But you know, it's it's also seen a 24 00:01:26,280 --> 00:01:30,360 Speaker 1: lot of volatility. But yeah, now analysts are saying that, yeah, 25 00:01:30,480 --> 00:01:34,440 Speaker 1: this recent about of strength is something to be optimistic about. 26 00:01:35,000 --> 00:01:36,920 Speaker 1: What about Best Buy, I feel like there's a lot 27 00:01:36,959 --> 00:01:39,679 Speaker 1: of news coming out of that company as well. Absolutely 28 00:01:39,720 --> 00:01:43,160 Speaker 1: as well. So we did get earnings from them earlier, 29 00:01:43,400 --> 00:01:46,600 Speaker 1: and that stocked very much in the greens of ticker bby. 30 00:01:46,720 --> 00:01:50,040 Speaker 1: We're nowncing it. Those shares up about more than four 31 00:01:50,080 --> 00:01:54,080 Speaker 1: percent at the moment, so trimming some of those opening games, 32 00:01:54,080 --> 00:01:56,360 Speaker 1: but still very much in the green, which is hear 33 00:01:56,360 --> 00:01:58,320 Speaker 1: from the company. Of course. They told us that their 34 00:01:58,360 --> 00:02:01,640 Speaker 1: holiday shopping season was better than expected. That's likely because 35 00:02:01,960 --> 00:02:05,000 Speaker 1: of a block Western intended to switch to release in 36 00:02:05,040 --> 00:02:09,160 Speaker 1: a robust replacement cycle. The revenue forecast for this year 37 00:02:09,360 --> 00:02:13,080 Speaker 1: did meet Wall Street estimates. The Bloomer Intelligent is weighing in. 38 00:02:13,400 --> 00:02:17,320 Speaker 1: They're saying that same store sales declines probably likely in 39 00:02:17,320 --> 00:02:20,880 Speaker 1: fiscal twenty twenty seven, given that they're forecasting a zero 40 00:02:20,880 --> 00:02:23,680 Speaker 1: point five percent gain in twenty twenty six, so pretty 41 00:02:23,720 --> 00:02:27,880 Speaker 1: modest by most standards, and so perhaps a little bit 42 00:02:27,880 --> 00:02:30,840 Speaker 1: of a negative heading into twenty twenty seven for the company. 43 00:02:31,040 --> 00:02:33,760 Speaker 2: I type of the insure Signa. Yeah, let's lookink you 44 00:02:33,800 --> 00:02:35,240 Speaker 2: are dental. 45 00:02:35,360 --> 00:02:37,519 Speaker 1: They do. Yes, they do are dental. That is right, 46 00:02:39,639 --> 00:02:44,400 Speaker 1: but uh, not necessarily invest in that stock, but yes, 47 00:02:44,480 --> 00:02:47,000 Speaker 1: and and you know that's not doing particularly well. Today's 48 00:02:47,000 --> 00:02:49,640 Speaker 1: it took a c I. Uh, those shares are down 49 00:02:49,720 --> 00:02:52,240 Speaker 1: more than six percent at the moments of extending some 50 00:02:52,280 --> 00:02:55,239 Speaker 1: of those earlier declines. And you know, we're seeing a 51 00:02:55,280 --> 00:02:59,920 Speaker 1: leadership change for this company. Their chief executive officer, David Gourdon, 52 00:03:00,080 --> 00:03:02,280 Speaker 1: he is going to be stepping back from the top 53 00:03:02,400 --> 00:03:04,320 Speaker 1: job on the first of July and he's going to 54 00:03:04,360 --> 00:03:09,320 Speaker 1: be replaced by current chief operating officer Brian Vanko. Now, 55 00:03:09,520 --> 00:03:12,160 Speaker 1: remember Signa actually had a bit of trouble in October 56 00:03:12,200 --> 00:03:15,399 Speaker 1: because they told investors they need to do a business overhaul. 57 00:03:16,320 --> 00:03:18,520 Speaker 1: They're going to be moving away from drug rebates and 58 00:03:18,639 --> 00:03:22,000 Speaker 1: they told investors that that is going to squeeze margins 59 00:03:22,080 --> 00:03:24,760 Speaker 1: over the next two years. So in October, when they 60 00:03:24,800 --> 00:03:27,440 Speaker 1: told investors that they saw the worst sell off in 61 00:03:27,520 --> 00:03:30,000 Speaker 1: SHRIFF since two thousand and eight. So now the new 62 00:03:30,080 --> 00:03:32,640 Speaker 1: CEO or the incoming CEO is going to have to 63 00:03:32,680 --> 00:03:35,720 Speaker 1: carry out the business overhaul and keep it from a 64 00:03:35,880 --> 00:03:36,720 Speaker 1: spooky investors. 65 00:03:36,720 --> 00:03:42,040 Speaker 2: Further the Stock Mover's report from Bloomberg Radio. Check back 66 00:03:42,080 --> 00:03:44,320 Speaker 2: with us throughout the day for the latest roundup of 67 00:03:44,360 --> 00:03:47,640 Speaker 2: companies making news on Wall Street and for the latest 68 00:03:47,680 --> 00:03:51,880 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 69 00:03:51,920 --> 00:03:55,640 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 70 00:03:55,680 --> 00:03:57,680 Speaker 2: Auto with the Bloomberg Business app.