1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,520 --> 00:00:18,800 Speaker 1: I'm Jim Stanebeck along with Carol Masser. Let's take a 5 00:00:18,840 --> 00:00:20,680 Speaker 1: look at some stocks on the move today with us 6 00:00:20,720 --> 00:00:24,960 Speaker 1: as Bloomberg News Equities reporter Alexandra Samonova. We got to 7 00:00:24,960 --> 00:00:26,000 Speaker 1: start with oil stocks. 8 00:00:26,160 --> 00:00:28,640 Speaker 3: Yeah, it is all about the oil stocks today. This 9 00:00:28,680 --> 00:00:33,440 Speaker 3: is after President Donald Trump vowed to revive Venezuela's oil sector. 10 00:00:34,560 --> 00:00:37,200 Speaker 3: Of course, after the capture of Nicholas Maduro over the weekend. 11 00:00:37,280 --> 00:00:40,400 Speaker 3: I'm taking a look at Chevron here, really big move 12 00:00:40,479 --> 00:00:42,760 Speaker 3: on the stock of about five percent. So this is, 13 00:00:42,760 --> 00:00:45,720 Speaker 3: of course the only American oil major that is operating 14 00:00:45,840 --> 00:00:49,280 Speaker 3: in the country under special permissions. And also, of course 15 00:00:49,560 --> 00:00:53,760 Speaker 3: Knoko Phillips and Exon Mobile are climbing today. We also 16 00:00:53,760 --> 00:00:56,520 Speaker 3: got some news that US Energy Secretary Chris Wright plans 17 00:00:56,560 --> 00:00:59,120 Speaker 3: to talk this week with some of the executives of 18 00:00:59,200 --> 00:01:02,600 Speaker 3: these companies about their efforts in Venezuela. He will be 19 00:01:02,640 --> 00:01:06,520 Speaker 3: attending the Goldman Sacks Energy, Clean Tech and Utilities Conference 20 00:01:06,560 --> 00:01:10,280 Speaker 3: in Miami. Obviously, the risk of investing in the country 21 00:01:10,319 --> 00:01:12,920 Speaker 3: is really high, so they're going to have to discuss 22 00:01:13,000 --> 00:01:15,240 Speaker 3: what that looks like. President Trump has said that it 23 00:01:15,280 --> 00:01:19,839 Speaker 3: will take billions of dollars to resuscitate the energy sector there, 24 00:01:20,040 --> 00:01:23,720 Speaker 3: and Secretary of State Mark or Rubio said that companies 25 00:01:23,720 --> 00:01:26,480 Speaker 3: would need certain guarantees and conditions to move forward with this. 26 00:01:26,560 --> 00:01:28,319 Speaker 4: Yeah, I would bet right. I mean, first of all, 27 00:01:28,319 --> 00:01:30,520 Speaker 4: the energy infrastructure needs a lot of work, right, and 28 00:01:30,520 --> 00:01:32,720 Speaker 4: then what are the guarantees going forward if you make 29 00:01:32,760 --> 00:01:36,640 Speaker 4: investments today that it lasts in the longer term, those 30 00:01:36,640 --> 00:01:39,319 Speaker 4: things are not inexpensive, all right. So oil stocks definitely 31 00:01:39,400 --> 00:01:41,840 Speaker 4: on the move. Talk to us about some calls out 32 00:01:41,840 --> 00:01:42,559 Speaker 4: of Goldman today. 33 00:01:42,640 --> 00:01:45,119 Speaker 3: Yeah, it looks like all the analysts across Wall Street 34 00:01:45,200 --> 00:01:50,280 Speaker 3: are back at their desks upgrade everybody's backstocks over at Goldman. 35 00:01:50,400 --> 00:01:53,400 Speaker 3: One of the companies that is faring well today's Coinbase. 36 00:01:53,440 --> 00:01:55,600 Speaker 3: It got a buy rating there. I'm looking at shares 37 00:01:55,920 --> 00:01:59,160 Speaker 3: up about nine percent right now. Analysts there see growth 38 00:01:59,200 --> 00:02:03,840 Speaker 3: potential from new products like tokenization and prediction markets as well. 39 00:02:04,120 --> 00:02:08,600 Speaker 3: They also highlight the fact that their subscription service offerings 40 00:02:08,600 --> 00:02:11,919 Speaker 3: have risen from five percent to forty percent of their 41 00:02:11,960 --> 00:02:14,160 Speaker 3: revenue over the past five years, so that could bode 42 00:02:14,160 --> 00:02:17,920 Speaker 3: well for shares. They also say that the company deserves 43 00:02:17,919 --> 00:02:22,320 Speaker 3: a higher multiple given the revenue that they've gotten and 44 00:02:22,400 --> 00:02:25,760 Speaker 3: also recent underperformance makes it a good entry point. And 45 00:02:25,800 --> 00:02:28,000 Speaker 3: then on the flip side of that, actually e Toro 46 00:02:28,800 --> 00:02:32,640 Speaker 3: got downgraded to neutral. There they said that margins are 47 00:02:32,720 --> 00:02:36,360 Speaker 3: lagging peers due to a more competitive backdrop. So busy 48 00:02:36,440 --> 00:02:38,040 Speaker 3: day across the Wall Street analyst desks. 49 00:02:38,160 --> 00:02:41,400 Speaker 1: I'm just looking at coinbase down. It's up fourteen percent 50 00:02:41,600 --> 00:02:44,320 Speaker 1: just this year, so in two trading days. That's pretty substantial, 51 00:02:44,320 --> 00:02:46,680 Speaker 1: but down close to forty percent from those highs of 52 00:02:47,240 --> 00:02:47,840 Speaker 1: last summer. 53 00:02:47,960 --> 00:02:51,760 Speaker 4: Yeah, so a ways to go. So hence maybe the undervaluation, 54 00:02:51,880 --> 00:02:54,320 Speaker 4: if you will, exactly if you're looking at the top 55 00:02:54,560 --> 00:02:56,520 Speaker 4: at the top chip. 56 00:02:56,560 --> 00:02:58,960 Speaker 1: Are you talking about chips, Carol, we were. 57 00:02:58,880 --> 00:03:01,519 Speaker 4: Talking about jops. I am talking about chips. I feel 58 00:03:01,560 --> 00:03:04,640 Speaker 4: like semiconductors. We've seen a lot of opperformance there. Qualcom, though, 59 00:03:04,720 --> 00:03:05,800 Speaker 4: is one name on your list. 60 00:03:05,880 --> 00:03:08,120 Speaker 3: Yeah. We can't leave at this desk without talking about 61 00:03:08,160 --> 00:03:11,600 Speaker 3: the AI and chip related stocks and Qualcom today is the. 62 00:03:11,520 --> 00:03:14,320 Speaker 4: First time I'm saying AI today. I think for the most. 63 00:03:14,240 --> 00:03:17,800 Speaker 1: No AI and the energy Sorry, girl. 64 00:03:17,919 --> 00:03:20,440 Speaker 4: Yeah, but for the most part, usually it's AI everywhere. 65 00:03:20,480 --> 00:03:23,520 Speaker 3: But yeah, and that's probably going to continue for as 66 00:03:23,560 --> 00:03:27,200 Speaker 3: long as we know. So. Qualcom is extending its push 67 00:03:27,320 --> 00:03:30,520 Speaker 3: into the market for processors that are the heart of 68 00:03:30,560 --> 00:03:34,360 Speaker 3: personal computers with its new X two plus processors, so 69 00:03:34,840 --> 00:03:38,240 Speaker 3: it has two versions, one with a ten computer core 70 00:03:38,320 --> 00:03:43,080 Speaker 3: and one with six. This apparently includes powerful neural processing 71 00:03:43,200 --> 00:03:46,920 Speaker 3: units that will make these computers work faster and go 72 00:03:47,080 --> 00:03:50,120 Speaker 3: longer periods without needing a source of power. Pretty incredible, 73 00:03:50,360 --> 00:03:52,760 Speaker 3: and we can expect to see a lot of announcements 74 00:03:52,800 --> 00:03:55,640 Speaker 3: like this at the CES conference this week. It's going 75 00:03:55,680 --> 00:03:58,120 Speaker 3: to be basically like a chess popping conference for the 76 00:03:58,160 --> 00:04:00,880 Speaker 3: tech company, so expect those to keep moving. 77 00:04:02,000 --> 00:04:06,240 Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us 78 00:04:06,240 --> 00:04:09,040 Speaker 2: throughout the day for the latest roundup of companies making 79 00:04:09,120 --> 00:04:12,720 Speaker 2: news on Wall Street and for the latest market moving headlines. 80 00:04:12,960 --> 00:04:16,960 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 81 00:04:17,000 --> 00:04:20,080 Speaker 2: dot com, and on Applecarplay and Android Auto with the 82 00:04:20,120 --> 00:04:21,479 Speaker 2: Bloomberg Business app.