Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Jim Stanebeck along with Carol Masser. Let's take a
Speaker 1: look at some stocks on the move today with us
Speaker 1: as Bloomberg News Equities reporter Alexandra Samonova. We got to
Speaker 1: start with oil stocks.
Speaker 3: Yeah, it is all about the oil stocks today. This
Speaker 3: is after President Donald Trump vowed to revive Venezuela's oil sector.
Speaker 3: Of course, after the capture of Nicholas Maduro over the weekend.
Speaker 3: I'm taking a look at Chevron here, really big move
Speaker 3: on the stock of about five percent. So this is,
Speaker 3: of course the only American oil major that is operating
Speaker 3: in the country under special permissions. And also, of course
Speaker 3: Knoko Phillips and Exon Mobile are climbing today. We also
Speaker 3: got some news that US Energy Secretary Chris Wright plans
Speaker 3: to talk this week with some of the executives of
Speaker 3: these companies about their efforts in Venezuela. He will be
Speaker 3: attending the Goldman Sacks Energy, Clean Tech and Utilities Conference
Speaker 3: in Miami. Obviously, the risk of investing in the country
Speaker 3: is really high, so they're going to have to discuss
Speaker 3: what that looks like. President Trump has said that it
Speaker 3: will take billions of dollars to resuscitate the energy sector there,
Speaker 3: and Secretary of State Mark or Rubio said that companies
Speaker 3: would need certain guarantees and conditions to move forward with this.
Speaker 4: Yeah, I would bet right. I mean, first of all,
Speaker 4: the energy infrastructure needs a lot of work, right, and
Speaker 4: then what are the guarantees going forward if you make
Speaker 4: investments today that it lasts in the longer term, those
Speaker 4: things are not inexpensive, all right. So oil stocks definitely
Speaker 4: on the move. Talk to us about some calls out
Speaker 4: of Goldman today.
Speaker 3: Yeah, it looks like all the analysts across Wall Street
Speaker 3: are back at their desks upgrade everybody's backstocks over at Goldman.
Speaker 3: One of the companies that is faring well today's Coinbase.
Speaker 3: It got a buy rating there. I'm looking at shares
Speaker 3: up about nine percent right now. Analysts there see growth
Speaker 3: potential from new products like tokenization and prediction markets as well.
Speaker 3: They also highlight the fact that their subscription service offerings
Speaker 3: have risen from five percent to forty percent of their
Speaker 3: revenue over the past five years, so that could bode
Speaker 3: well for shares. They also say that the company deserves
Speaker 3: a higher multiple given the revenue that they've gotten and
Speaker 3: also recent underperformance makes it a good entry point. And
Speaker 3: then on the flip side of that, actually e Toro
Speaker 3: got downgraded to neutral. There they said that margins are
Speaker 3: lagging peers due to a more competitive backdrop. So busy
Speaker 3: day across the Wall Street analyst desks.
Speaker 1: I'm just looking at coinbase down. It's up fourteen percent
Speaker 1: just this year, so in two trading days. That's pretty substantial,
Speaker 1: but down close to forty percent from those highs of
Speaker 1: last summer.
Speaker 4: Yeah, so a ways to go. So hence maybe the undervaluation,
Speaker 4: if you will, exactly if you're looking at the top
Speaker 4: at the top chip.
Speaker 1: Are you talking about chips, Carol, we were.
Speaker 4: Talking about jops. I am talking about chips. I feel
Speaker 4: like semiconductors. We've seen a lot of opperformance there. Qualcom, though,
Speaker 4: is one name on your list.
Speaker 3: Yeah. We can't leave at this desk without talking about
Speaker 3: the AI and chip related stocks and Qualcom today is the.
Speaker 4: First time I'm saying AI today. I think for the most.
Speaker 1: No AI and the energy Sorry, girl.
Speaker 4: Yeah, but for the most part, usually it's AI everywhere.
Speaker 3: But yeah, and that's probably going to continue for as
Speaker 3: long as we know. So. Qualcom is extending its push
Speaker 3: into the market for processors that are the heart of
Speaker 3: personal computers with its new X two plus processors, so
Speaker 3: it has two versions, one with a ten computer core
Speaker 3: and one with six. This apparently includes powerful neural processing
Speaker 3: units that will make these computers work faster and go
Speaker 3: longer periods without needing a source of power. Pretty incredible,
Speaker 3: and we can expect to see a lot of announcements
Speaker 3: like this at the CES conference this week. It's going
Speaker 3: to be basically like a chess popping conference for the
Speaker 3: tech company, so expect those to keep moving.
Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
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