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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
I'm Tim Stanovec along with Carol Master. Let's take a look at some stocks on the move today. We're joined by Bloomberg Television Markets correspondent Nora Melinda. What's on your radar?
Well, let's take a look at Disney shares, because they did end lower by about seven percent at the closing bell. This is taker dis We did see a growth forecast for the current period that disappointed a lot of Wall Street analysts. The company also that it expects challenges attracting international tourists to his domestic parks, so you did see that also weighing on sentiment a little bit. But also the company warned of ongoing increased costs to sports rates.
Barclays did say that the key to evaluation of recovery for this company will be a tenance recovery in parks and operating leverage in streaming.
All right, what about Oracle shares?
Tick Er ORCL shares down by about two point seventy five percent. That's the lowest level since May that we saw at the closing bell it plans to read as much as fifty billion dollars this year to build out
cloud infrastructure capacity. But of course you've been releasing a lot of concerns on Wall Street about the tech spase more broadly, and whether or not some of these companies are taking on more debt than is needed, or also just the idea as to whether or not there may be over promising in comparison to what they're able to deliver here. So you're definitely seeing that. Of course, weighing on the company Oracle here one in the aftermarket.
Pallenteer ticker PLTR. It's up about seven percent here in the aftermarket.
Just surging a blowout earnings report that we saw from Palenteer. Of course, we did see twenty twenty six revenue forecasts as significantly topped expectations across Wall Street. We did see that the fourth quarter revenue grew seventy percent to one point four billion dollars. This is all despite the company's accelerating revenue. Shares are still down twenty nine percent though from November's peak, so interesting when you kind of look at the share action broadly.
The stockmover's report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.