WEBVTT - Oil Stocks Jump, Coinbase Rises, Qualcomm Trades Higher 

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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>I'm Jim Stanebeck along with Carol Masser. Let's take a

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<v Speaker 1>look at some stocks on the move today with us

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<v Speaker 1>as Bloomberg News Equities reporter Alexandra Samonova. We got to

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<v Speaker 1>start with oil stocks.

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<v Speaker 3>Yeah, it is all about the oil stocks today. This

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<v Speaker 3>is after President Donald Trump vowed to revive Venezuela's oil sector.

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<v Speaker 3>Of course, after the capture of Nicholas Maduro over the weekend.

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<v Speaker 3>I'm taking a look at Chevron here, really big move

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<v Speaker 3>on the stock of about five percent. So this is,

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<v Speaker 3>of course the only American oil major that is operating

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<v Speaker 3>in the country under special permissions. And also, of course

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<v Speaker 3>Knoko Phillips and Exon Mobile are climbing today. We also

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<v Speaker 3>got some news that US Energy Secretary Chris Wright plans

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<v Speaker 3>to talk this week with some of the executives of

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<v Speaker 3>these companies about their efforts in Venezuela. He will be

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<v Speaker 3>attending the Goldman Sacks Energy, Clean Tech and Utilities Conference

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<v Speaker 3>in Miami. Obviously, the risk of investing in the country

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<v Speaker 3>is really high, so they're going to have to discuss

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<v Speaker 3>what that looks like. President Trump has said that it

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<v Speaker 3>will take billions of dollars to resuscitate the energy sector there,

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<v Speaker 3>and Secretary of State Mark or Rubio said that companies

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<v Speaker 3>would need certain guarantees and conditions to move forward with this.

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<v Speaker 4>Yeah, I would bet right. I mean, first of all,

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<v Speaker 4>the energy infrastructure needs a lot of work, right, and

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<v Speaker 4>then what are the guarantees going forward if you make

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<v Speaker 4>investments today that it lasts in the longer term, those

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<v Speaker 4>things are not inexpensive, all right. So oil stocks definitely

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<v Speaker 4>on the move. Talk to us about some calls out

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<v Speaker 4>of Goldman today.

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<v Speaker 3>Yeah, it looks like all the analysts across Wall Street

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<v Speaker 3>are back at their desks upgrade everybody's backstocks over at Goldman.

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<v Speaker 3>One of the companies that is faring well today's Coinbase.

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<v Speaker 3>It got a buy rating there. I'm looking at shares

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<v Speaker 3>up about nine percent right now. Analysts there see growth

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<v Speaker 3>potential from new products like tokenization and prediction markets as well.

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<v Speaker 3>They also highlight the fact that their subscription service offerings

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<v Speaker 3>have risen from five percent to forty percent of their

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<v Speaker 3>revenue over the past five years, so that could bode

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<v Speaker 3>well for shares. They also say that the company deserves

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<v Speaker 3>a higher multiple given the revenue that they've gotten and

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<v Speaker 3>also recent underperformance makes it a good entry point. And

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<v Speaker 3>then on the flip side of that, actually e Toro

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<v Speaker 3>got downgraded to neutral. There they said that margins are

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<v Speaker 3>lagging peers due to a more competitive backdrop. So busy

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<v Speaker 3>day across the Wall Street analyst desks.

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<v Speaker 1>I'm just looking at coinbase down. It's up fourteen percent

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<v Speaker 1>just this year, so in two trading days. That's pretty substantial,

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<v Speaker 1>but down close to forty percent from those highs of

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<v Speaker 1>last summer.

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<v Speaker 4>Yeah, so a ways to go. So hence maybe the undervaluation,

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<v Speaker 4>if you will, exactly if you're looking at the top

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<v Speaker 4>at the top chip.

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<v Speaker 1>Are you talking about chips, Carol, we were.

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<v Speaker 4>Talking about jops. I am talking about chips. I feel

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<v Speaker 4>like semiconductors. We've seen a lot of opperformance there. Qualcom, though,

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<v Speaker 4>is one name on your list.

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<v Speaker 3>Yeah. We can't leave at this desk without talking about

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<v Speaker 3>the AI and chip related stocks and Qualcom today is the.

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<v Speaker 4>First time I'm saying AI today. I think for the most.

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<v Speaker 1>No AI and the energy Sorry, girl.

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<v Speaker 4>Yeah, but for the most part, usually it's AI everywhere.

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<v Speaker 3>But yeah, and that's probably going to continue for as

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<v Speaker 3>long as we know. So. Qualcom is extending its push

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<v Speaker 3>into the market for processors that are the heart of

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<v Speaker 3>personal computers with its new X two plus processors, so

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<v Speaker 3>it has two versions, one with a ten computer core

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<v Speaker 3>and one with six. This apparently includes powerful neural processing

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<v Speaker 3>units that will make these computers work faster and go

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<v Speaker 3>longer periods without needing a source of power. Pretty incredible,

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<v Speaker 3>and we can expect to see a lot of announcements

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<v Speaker 3>like this at the CES conference this week. It's going

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<v Speaker 3>to be basically like a chess popping conference for the

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<v Speaker 3>tech company, so expect those to keep moving.

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<v Speaker 2>The Stockmover's report from Bloomberg Radio. Check back with us

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