WEBVTT - Palantir Slides, Novo Boosts Bid, Spotify Beats on Users

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

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

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

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<v Speaker 1>Let's see where some of the action is with some

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<v Speaker 1>of the individual stocks here today Stock Movers with normal Linda, Well.

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<v Speaker 3>Let's take a look at chairs of Palenteer. This has

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<v Speaker 3>been a company that's been focused today. People have been

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<v Speaker 3>really heavily scrutinizing this company. This is ticker PLTR. Here's

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<v Speaker 3>falling as much as ten percent since the worst day

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<v Speaker 3>since May. And this is not because the company reported

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<v Speaker 3>poor results or you know, missed expectations. This is actually

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<v Speaker 3>a stock a company that has not missed expectations for

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<v Speaker 3>twenty one consecutive quarters. We've seen beats back to back

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<v Speaker 3>for this company. But people are starting to wonder about

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<v Speaker 3>whether or not valuations could be too stretched for this company,

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<v Speaker 3>especially as we think about the AI landscape, and especially

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<v Speaker 3>if you dig deeper into some of the numbers, and

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<v Speaker 3>if you look at price of sales ratio on a

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<v Speaker 3>trailing basis, it's sitting at eighty five, which is the highest,

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<v Speaker 3>and the S and P five hundred, So you are

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<v Speaker 3>starting to see widespread concern here about the fact that

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<v Speaker 3>maybe valuations are two stretched for Palenteer.

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<v Speaker 1>Yeah, Michael Burry ha Scion Asset Management disclosed bearish wagers

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<v Speaker 1>on Nvidia and Pallenteer technologies just days after the hedge

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<v Speaker 1>fund manager posted in cryptic warning to retail investors about

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<v Speaker 1>market exuberance. So there's a bear call out there. You

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<v Speaker 1>haven't seen too many of them, you've seen mister Ted

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<v Speaker 1>Pick of Morgan Stanley, Mister Solomon Golden Sachs CEO's there

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<v Speaker 1>kind of weighing in on maybe some evaluation concerns in

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<v Speaker 1>the market place of bupple.

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<v Speaker 2>That's the question that everyone wants to.

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<v Speaker 1>The answer to Pollenteer feeling the pain here today, what

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<v Speaker 1>else do you get for us?

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<v Speaker 3>Well, let's look at shares of Novo Nordisk and Met

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<v Speaker 3>Sarah so Novo Nordous this is the ADRs. We're looking

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<v Speaker 3>at taker Vo and Met Sarah MTSR. So we're seeing

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<v Speaker 3>shares of Met Sarah hitting their eyest level on record,

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<v Speaker 3>rising as much as eighteen percent. And this is after

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<v Speaker 3>Pfizer and Novo Nordous boost of their bids for the company.

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<v Speaker 3>As the ongoing battle for the obs the startup has

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<v Speaker 3>really been intensifying ahead of a court battle that is

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<v Speaker 3>set for Tuesday. This is really underscoring a lot of

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<v Speaker 3>the surging interests in one of the fasting, fast growing

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<v Speaker 3>areas in medicine. So you really are seeing the street

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<v Speaker 3>really just trying to analyze the current situation. If you

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<v Speaker 3>look at shares of met Sarah up about seventeen percent

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<v Speaker 3>so far as we're taking a look, and Novo Nordists

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<v Speaker 3>shares down about forty three percent year to date, down

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<v Speaker 3>about nine tens oven percent.

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<v Speaker 1>Right now, that's a good old fashioned m and a

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<v Speaker 1>kind of street fight out there over this asset here.

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<v Speaker 1>But in the obesity drug world, you have to be

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<v Speaker 1>in it. It seems like if you're a big diversified

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<v Speaker 1>farmer company, it kind of have to be in it.

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<v Speaker 3>Yeah. I was also looking at Hymns and Hers. They're

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<v Speaker 3>rising after saying that they're in talks with Novo Nordists

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<v Speaker 3>to sell it's upcoming obesity pill. So as you're mentioning,

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<v Speaker 3>clearly a lot of people thinking about that space right now.

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<v Speaker 1>Okay, one more.

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<v Speaker 3>Lastly, looking at shares of Spotify, this company and Focus

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<v Speaker 3>that's ticker spot here's falling for their lowest since May,

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<v Speaker 3>down as much as six point four percent, and this

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<v Speaker 3>is after they've reported active use and sales in the

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<v Speaker 3>third quarter that beat expectations, but we did see ad

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<v Speaker 3>supported revenue that well.

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<v Speaker 2>The Stockmovers report from Bloomberg Radio. Check back with us

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