1 00:00:02,520 --> 00:00:07,360 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 --> 00:00:18,000 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:18,200 --> 00:00:20,680 Speaker 1: I'm Jim Stanebeck along with Emily Grafeo. Let's take a 5 00:00:20,680 --> 00:00:22,639 Speaker 1: look at some stocks on the move today. We are 6 00:00:22,720 --> 00:00:26,439 Speaker 1: joined by Bloomberg News cross asset reporter Tanita Sikova. Denita, 7 00:00:26,480 --> 00:00:28,680 Speaker 1: I felt like there were a lot of companies that 8 00:00:28,680 --> 00:00:31,280 Speaker 1: you could choose from today. I had problems picking the 9 00:00:31,280 --> 00:00:32,840 Speaker 1: stocks that I wanted to talk about. 10 00:00:32,800 --> 00:00:33,200 Speaker 2: For sure. 11 00:00:33,240 --> 00:00:35,960 Speaker 3: It was really hard finding losers. There were so many 12 00:00:35,960 --> 00:00:39,440 Speaker 3: gainers today, So that's it. Let's start with one gainer. 13 00:00:40,159 --> 00:00:42,640 Speaker 3: We started with Boeing. It had a really good start 14 00:00:42,680 --> 00:00:45,519 Speaker 3: of the day and it all came from an upgrade 15 00:00:45,560 --> 00:00:48,760 Speaker 3: from Bank of America. There so close two percent higher, 16 00:00:49,520 --> 00:00:53,080 Speaker 3: so Bank of America Ronald Epstein upgraded it from hold 17 00:00:53,200 --> 00:00:56,120 Speaker 3: to buy and his press servant is now the highest 18 00:00:56,120 --> 00:00:59,880 Speaker 3: on the street two hundred and sixty, which it shows 19 00:01:00,000 --> 00:01:03,480 Speaker 3: significant upside. From here, we know the stock has actually 20 00:01:03,520 --> 00:01:05,800 Speaker 3: had a really strong gear and more generally from the 21 00:01:05,880 --> 00:01:10,480 Speaker 3: April law with that Terribo accident, there has been upside 22 00:01:10,480 --> 00:01:14,240 Speaker 3: for the stock there was the government contract. But now 23 00:01:14,400 --> 00:01:17,759 Speaker 3: a Bank of America is seeing optimism because they're finding 24 00:01:17,800 --> 00:01:20,800 Speaker 3: it a trade too. It's benefiting. We saw Qatar Airways 25 00:01:21,120 --> 00:01:24,759 Speaker 3: the deal, we saw China removing the band. So there 26 00:01:24,800 --> 00:01:27,440 Speaker 3: has been so many upsides and again it's a trade 27 00:01:27,440 --> 00:01:30,240 Speaker 3: war story at their new winners emerging, and according to 28 00:01:30,319 --> 00:01:32,720 Speaker 3: Bank of America, is one I love. 29 00:01:32,840 --> 00:01:34,840 Speaker 1: I love this story. Yeah, I mean this was like 30 00:01:35,040 --> 00:01:37,320 Speaker 1: a really, this is a really interesting note and it's 31 00:01:37,400 --> 00:01:39,160 Speaker 1: like a wait, how did I not see that a 32 00:01:39,160 --> 00:01:40,720 Speaker 1: couple of weeks ago that, like, you know, after he 33 00:01:40,800 --> 00:01:44,800 Speaker 1: visits these countries, you start to see orders for Boeing aircraft, right, the. 34 00:01:44,760 --> 00:01:48,000 Speaker 4: Trump administration has been including orders for Boeing planes and 35 00:01:48,080 --> 00:01:52,600 Speaker 4: trade discussions and that's helping restore via theay's confidence in 36 00:01:52,640 --> 00:01:53,080 Speaker 4: the stock. 37 00:01:53,400 --> 00:01:57,000 Speaker 3: It's fascinating. There should be a whole basket of trade 38 00:01:57,040 --> 00:01:57,760 Speaker 3: to I'm sure there is. 39 00:01:57,800 --> 00:02:00,280 Speaker 4: I'm sure there is writing of it. 40 00:02:00,360 --> 00:02:02,960 Speaker 1: Okay, So bowling up today by two percent. You're also 41 00:02:03,000 --> 00:02:04,760 Speaker 1: watching shares automakers. What's going on? 42 00:02:05,040 --> 00:02:08,720 Speaker 3: Yeah, and this we could argue earlier when the targets 43 00:02:08,720 --> 00:02:11,280 Speaker 3: were announced. This was also one of the beneficiaries. We're 44 00:02:11,320 --> 00:02:14,760 Speaker 3: talking about four motors and General Motors both are actually 45 00:02:14,880 --> 00:02:17,679 Speaker 3: under pressure today, so maybe our theory is not so right. 46 00:02:17,919 --> 00:02:21,240 Speaker 3: They felt about four percent. Pretty much similar moves. 47 00:02:21,240 --> 00:02:21,520 Speaker 4: There. 48 00:02:22,160 --> 00:02:25,919 Speaker 3: It's again we're talking about trade and related comments from 49 00:02:25,960 --> 00:02:29,600 Speaker 3: President Trump. This time it's about automaker parts and that 50 00:02:29,680 --> 00:02:34,080 Speaker 3: they should be made in the US, and of course 51 00:02:34,120 --> 00:02:36,960 Speaker 3: a lot of those are coming from Canada, Japan, South Korea. 52 00:02:37,440 --> 00:02:40,360 Speaker 3: They have started to raise prices to offset tariffs, so 53 00:02:40,400 --> 00:02:45,720 Speaker 3: obviously that's complicating the whole supply chain. And there is 54 00:02:45,880 --> 00:02:49,799 Speaker 3: obviously already a twenty five percent import tariff on card imports. 55 00:02:50,800 --> 00:02:53,200 Speaker 3: So even some of the initial optimism of like, oh, 56 00:02:53,200 --> 00:02:55,919 Speaker 3: these companies have a lot of US production, they will 57 00:02:55,919 --> 00:02:59,040 Speaker 3: be less exposed. The more that we learn about it, 58 00:02:59,040 --> 00:03:01,840 Speaker 3: the more pressure is putting on some names. General Motors 59 00:03:01,880 --> 00:03:04,920 Speaker 3: is down ten percent here today. Ford is actually flat, 60 00:03:05,080 --> 00:03:08,600 Speaker 3: so still not enough to bring the games from earlier. 61 00:03:09,080 --> 00:03:11,120 Speaker 1: And as far as today's trade goes, General Motors down 62 00:03:11,160 --> 00:03:14,280 Speaker 1: about three point nine percent. Ticker GM, Ford ticker F 63 00:03:14,720 --> 00:03:18,320 Speaker 1: down today by about Wow, it's the same, similarly. 64 00:03:18,040 --> 00:03:22,680 Speaker 4: Right, okay. And finally you're looking at a former company. Yeah, 65 00:03:23,000 --> 00:03:25,079 Speaker 4: we've been talking about the vaccine makers. 66 00:03:25,160 --> 00:03:29,960 Speaker 3: They were looking at moderna tickers NA. It closed two 67 00:03:30,040 --> 00:03:33,200 Speaker 3: percent higher, and it had an even bigger jump earlier 68 00:03:33,200 --> 00:03:36,240 Speaker 3: in the day. But it comes We're having another announcement 69 00:03:36,320 --> 00:03:40,960 Speaker 3: of the FDA approver for two groups, adults over sixty 70 00:03:40,960 --> 00:03:43,720 Speaker 3: five and anyone over twelve. We've seen a couple of 71 00:03:43,720 --> 00:03:49,640 Speaker 3: those announcements successful approvals. Of course, that industry is under 72 00:03:49,680 --> 00:03:52,680 Speaker 3: a lot of scrutiny. We have Robert Kennedy in the 73 00:03:52,680 --> 00:03:57,200 Speaker 3: administration who has launched a whole campaign against those But 74 00:03:57,280 --> 00:03:59,920 Speaker 3: it's interesting that a lot of the move's earlier fade 75 00:04:00,440 --> 00:04:02,680 Speaker 3: and people are saying this is actually a very nice 76 00:04:02,720 --> 00:04:06,000 Speaker 3: note from William Blair that the approval is incremental win 77 00:04:06,240 --> 00:04:09,160 Speaker 3: for Moderna and also does not see the approval of 78 00:04:09,240 --> 00:04:12,880 Speaker 3: the vaccine as a massive boost to their COVID vaccine. 79 00:04:12,440 --> 00:04:14,240 Speaker 2: Sales, and that's it. 80 00:04:14,480 --> 00:04:17,560 Speaker 3: Moderna is down thirty five percent year to date, a 81 00:04:17,600 --> 00:04:20,840 Speaker 3: lot of between the vaccine stocks, and they have felt 82 00:04:21,080 --> 00:04:22,200 Speaker 3: a lot of pressure. 83 00:04:22,480 --> 00:04:25,600 Speaker 4: Yeah, I feel like this is maybe what we saw 84 00:04:25,640 --> 00:04:28,600 Speaker 4: today is like, Okay, they got the FDA approval, but 85 00:04:28,640 --> 00:04:33,480 Speaker 4: does it actually translate down to sales, particularly when the 86 00:04:33,520 --> 00:04:37,599 Speaker 4: second generation COVID vaccine is for all adults over sixty five. Yeah, 87 00:04:37,640 --> 00:04:40,080 Speaker 4: and anyone over twelve who has at least one risk 88 00:04:40,160 --> 00:04:43,279 Speaker 4: factor for severe disease. So this is not necessarily the 89 00:04:43,360 --> 00:04:46,719 Speaker 4: twenty twenty one type vaccine where everyone is rushing to 90 00:04:46,800 --> 00:04:48,320 Speaker 4: go get a shot. 91 00:04:48,480 --> 00:04:50,520 Speaker 3: Yeah, and those rates have been folding. We've been looking 92 00:04:50,560 --> 00:04:53,720 Speaker 3: at vaccination rates for sure. That's that's just been folding 93 00:04:53,720 --> 00:04:55,680 Speaker 3: for a long time, and there is still a lot 94 00:04:55,680 --> 00:04:57,120 Speaker 3: of pressure in the administration. 95 00:04:58,600 --> 00:05:02,640 Speaker 2: The Stock Movers podcas cast from Bloomberg Radio. 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