1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,680 --> 00:00:19,560 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:19,560 --> 00:00:22,640 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Kritty Gupta and Kritty. 6 00:00:22,720 --> 00:00:25,479 Speaker 1: As the fighting continues between Israel and Iran, we have 7 00:00:25,560 --> 00:00:28,880 Speaker 1: to take a look at individual shares that are exposed 8 00:00:29,120 --> 00:00:32,000 Speaker 1: to what's happening in the Middle East. Good morning, Good. 9 00:00:31,880 --> 00:00:34,800 Speaker 3: Morning, Nathan. The oil stories front and center from a 10 00:00:34,840 --> 00:00:37,400 Speaker 3: macro perspective, but getting magnified of course when it comes 11 00:00:37,400 --> 00:00:40,159 Speaker 3: to those equities that are exposed to naturally, I go 12 00:00:40,200 --> 00:00:41,760 Speaker 3: straight to the oil producers. We've got to hit the 13 00:00:41,760 --> 00:00:45,120 Speaker 3: big one Chevron and Exxon, for example. But it's interesting 14 00:00:45,120 --> 00:00:47,559 Speaker 3: what you're seeing in these oil markets. Despite pairing some 15 00:00:47,640 --> 00:00:50,560 Speaker 3: of the gains that you saw from the oil price level, 16 00:00:50,680 --> 00:00:53,840 Speaker 3: it's really the story when it comes to the oil stocks. 17 00:00:53,840 --> 00:00:55,960 Speaker 3: So let me give you some examples. Chevron and Exxon 18 00:00:56,240 --> 00:00:59,200 Speaker 3: are actually your laggards when it comes to the energy sector. 19 00:00:59,240 --> 00:01:02,240 Speaker 3: So CVC is your ticker there, hired by three tenths 20 00:01:02,280 --> 00:01:04,280 Speaker 3: of one percent, trading at one hundred and forty six 21 00:01:04,319 --> 00:01:07,520 Speaker 3: dollars a share exon right on its heels, trading only 22 00:01:07,600 --> 00:01:10,160 Speaker 3: higher by two tons of one percent at about one 23 00:01:10,240 --> 00:01:12,479 Speaker 3: hundred and twelve dollars a share. But then you look 24 00:01:12,480 --> 00:01:15,840 Speaker 3: at some of the companies that have more domestic exposure, 25 00:01:16,160 --> 00:01:18,679 Speaker 3: and that's where you see perhaps more momentous gain. So 26 00:01:18,720 --> 00:01:22,479 Speaker 3: Marathon Petroleum is one example. MPC is your ticker hired 27 00:01:22,520 --> 00:01:24,679 Speaker 3: by eight tenths of one percent, trading at about one 28 00:01:24,760 --> 00:01:27,440 Speaker 3: hundred and sixty seven dollars a share. If you are 29 00:01:27,480 --> 00:01:30,320 Speaker 3: more exposed to the United States shale picture, you are 30 00:01:30,400 --> 00:01:32,600 Speaker 3: rallying more today. And I think that's the key takeaway 31 00:01:32,600 --> 00:01:36,000 Speaker 3: from this oil story, Nathan, Simply this idea that if 32 00:01:36,040 --> 00:01:39,720 Speaker 3: you see these oil prices sustainably high, which is kind 33 00:01:39,760 --> 00:01:42,040 Speaker 3: of the consensus expectation right now, given there's no end 34 00:01:42,040 --> 00:01:45,600 Speaker 3: in sight to these geopolitical tensions or the latest kind 35 00:01:45,640 --> 00:01:49,360 Speaker 3: of series of strikes, that may actually incentivize some of 36 00:01:49,400 --> 00:01:53,360 Speaker 3: the US more domestically exposed shale producers to produce even 37 00:01:53,360 --> 00:01:56,640 Speaker 3: more and capitalize on that higher price level. So keep 38 00:01:56,640 --> 00:01:59,320 Speaker 3: an eye certainly on that as well. But Nathan, it 39 00:01:59,400 --> 00:02:01,680 Speaker 3: is still a very defensive market today, even though you 40 00:02:01,720 --> 00:02:03,480 Speaker 3: see a lot of green on the screen there, you 41 00:02:03,520 --> 00:02:05,760 Speaker 3: are seeing a lot of tech outperform, a lot of 42 00:02:05,760 --> 00:02:08,400 Speaker 3: defense outperform. So let me give you two examples there. 43 00:02:08,800 --> 00:02:12,000 Speaker 3: Palentier is a key one. P ltr is your ticker 44 00:02:12,080 --> 00:02:14,919 Speaker 3: hire by about two percent in the pre market trade, 45 00:02:14,960 --> 00:02:17,280 Speaker 3: trading at about one hundred and forty dollars a share. 46 00:02:17,840 --> 00:02:20,160 Speaker 3: This is a little bit of a double tailwind because 47 00:02:20,200 --> 00:02:22,880 Speaker 3: on the one hand they have these massive defense contracts 48 00:02:22,960 --> 00:02:25,240 Speaker 3: as well and get a lot of federal spending, so 49 00:02:25,280 --> 00:02:27,080 Speaker 3: there is that component to it. But they are also 50 00:02:27,120 --> 00:02:29,280 Speaker 3: of course exposed to the AI name, and you are 51 00:02:29,280 --> 00:02:31,600 Speaker 3: seeing a lot of the tech names rally here against 52 00:02:31,600 --> 00:02:34,920 Speaker 3: a very defensive play in this market. And speaking of 53 00:02:34,919 --> 00:02:37,120 Speaker 3: defense and defensive plays, we should talk about Raytheon, which 54 00:02:37,160 --> 00:02:39,600 Speaker 3: is seeing quite a bit of heavy volume this morning. 55 00:02:39,720 --> 00:02:42,360 Speaker 3: RTX is your ticker higher by one point two percent, 56 00:02:42,480 --> 00:02:45,040 Speaker 3: leading the defense sector higher seeing the likes of Norfolk 57 00:02:45,080 --> 00:02:49,280 Speaker 3: Southern for example, excuse me, Norse of Grumman, it's completely 58 00:02:49,360 --> 00:02:53,960 Speaker 3: misread that ticker. Apologies un Lockey Martin among others, kind 59 00:02:53,960 --> 00:02:56,840 Speaker 3: of leading the pack there. RTX is your ticker, though 60 00:02:56,840 --> 00:02:59,519 Speaker 3: for Raytheon trading higher by as I said one point 61 00:02:59,520 --> 00:03:03,720 Speaker 3: three percent one hundred and forty seven dollars a share. There, Nathan, 62 00:03:03,720 --> 00:03:06,080 Speaker 3: I'm going to take a completely different view and talk 63 00:03:06,280 --> 00:03:08,600 Speaker 3: a little bit about US Steal because those shares are 64 00:03:08,680 --> 00:03:11,120 Speaker 3: rallying in a big way. The ticker is just the 65 00:03:11,200 --> 00:03:14,400 Speaker 3: letter acts Hire by about five point two percent. It 66 00:03:14,440 --> 00:03:16,680 Speaker 3: looks like you are now seeing a little bit more 67 00:03:16,680 --> 00:03:19,079 Speaker 3: of a green light when it comes to the approval 68 00:03:19,120 --> 00:03:22,040 Speaker 3: of the nip On Steal investment into US Steal, and 69 00:03:22,080 --> 00:03:24,240 Speaker 3: that was under question last week. It looks like Donald 70 00:03:24,240 --> 00:03:27,000 Speaker 3: Trump has given him the official green light reaching the 71 00:03:27,000 --> 00:03:29,520 Speaker 3: pack to close the Steel deal, and that is pushing 72 00:03:29,600 --> 00:03:32,320 Speaker 3: those shares higher. So good news when it comes to 73 00:03:32,440 --> 00:03:35,000 Speaker 3: those US deal shares. I'll end Nathan with a downside 74 00:03:35,000 --> 00:03:37,520 Speaker 3: mover if I can, okay, sticking with the commodity space, 75 00:03:37,560 --> 00:03:40,120 Speaker 3: and that is Numont. It's down just shive two percent 76 00:03:40,200 --> 00:03:43,080 Speaker 3: this morning, reflecting what you're seeing in goal prices. 77 00:03:44,400 --> 00:03:48,520 Speaker 2: The Stock Movers podcast from Bloomberg Radio. 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