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 00:00:17,040 --> 00:00:18,520 Speaker 3: Let's have a look at some stocks on the move 5 00:00:18,560 --> 00:00:21,880 Speaker 3: today here in Europe. I'm Caroline Hepko alongside Guy Johnson, 6 00:00:22,000 --> 00:00:24,840 Speaker 3: and we're joined by Bloomberg reporter Louise Moon. Good morning. 7 00:00:25,320 --> 00:00:27,680 Speaker 3: Defense stocks are moving on the back of a note 8 00:00:27,680 --> 00:00:28,720 Speaker 3: from Goldman Sachs. 9 00:00:29,120 --> 00:00:31,960 Speaker 1: Yes, so there's a note overnight from Goldman and essentially 10 00:00:31,960 --> 00:00:35,960 Speaker 1: reinstating a buy across a bunch of defense companies across Europe. 11 00:00:36,040 --> 00:00:39,520 Speaker 1: So the likes of bae Ry Mattau, Mulrow's Industries, Rolls 12 00:00:39,600 --> 00:00:42,480 Speaker 1: Royce and a bunch of others, essentially saying that they 13 00:00:42,520 --> 00:00:45,440 Speaker 1: think the sector has transformed, this, in their words, from 14 00:00:45,479 --> 00:00:48,800 Speaker 1: a sluggish and undervalued sector to one that's the central 15 00:00:48,800 --> 00:00:51,640 Speaker 1: focus and one of Europe's fastest growing sectors. So they 16 00:00:51,680 --> 00:00:56,080 Speaker 1: noticed in particular new technology AI nation states driving spending 17 00:00:56,160 --> 00:00:59,280 Speaker 1: so in particular Germany, and the fact that defense stocks 18 00:00:59,360 --> 00:01:02,520 Speaker 1: are appearing in a lot more sustainability funds. So they 19 00:01:02,520 --> 00:01:04,880 Speaker 1: said that even though valuations already on record high, you know, 20 00:01:04,920 --> 00:01:07,959 Speaker 1: we've seen these companies, these companies stocks soaring over the 21 00:01:07,959 --> 00:01:10,960 Speaker 1: past year and longer, so is the growth outlooks, so 22 00:01:10,959 --> 00:01:14,640 Speaker 1: they're essentially expecting that to continue growing. So yeah, they 23 00:01:14,680 --> 00:01:19,640 Speaker 1: stoped arising on the news, not huge gains, but strongest 24 00:01:19,680 --> 00:01:22,440 Speaker 1: gains by Rolls Royce and then they did they It 25 00:01:22,560 --> 00:01:26,360 Speaker 1: is worth noting they did also reinstate a sell on 26 00:01:26,720 --> 00:01:30,080 Speaker 1: Dasalt Aviation, noting that they kind of need you need 27 00:01:30,080 --> 00:01:33,440 Speaker 1: a more nuanced approach to stock selection. So it was 28 00:01:33,440 --> 00:01:36,919 Speaker 1: a really interesting note from them. It kind of reinstates 29 00:01:36,560 --> 00:01:39,280 Speaker 1: what's what's being thought about for the defense sector anyway. 30 00:01:39,319 --> 00:01:41,759 Speaker 1: But yeah, a strong note from them on the back 31 00:01:41,800 --> 00:01:41,920 Speaker 1: of that. 32 00:01:42,200 --> 00:01:44,000 Speaker 4: It's intually there's a big tussle at the moment that's 33 00:01:44,040 --> 00:01:46,400 Speaker 4: so trying to take control of the next generation fighter 34 00:01:46,440 --> 00:01:48,920 Speaker 4: that France and Germany are producing together shooting. The air 35 00:01:48,920 --> 00:01:51,440 Speaker 4: bus is also tacking higher today on the back of 36 00:01:51,680 --> 00:01:54,880 Speaker 4: news that could later come from this Trump sheet call 37 00:01:54,960 --> 00:01:56,559 Speaker 4: that actually could see some Boeing orders. 38 00:01:56,880 --> 00:02:01,520 Speaker 1: We've got an IPO in Zurich, indeed, Swiss Marketplace Group, 39 00:02:01,600 --> 00:02:04,320 Speaker 1: which as the name's Jess is an online marketplace backed 40 00:02:04,360 --> 00:02:07,400 Speaker 1: by General Atlantic. They had their debut today doing well, 41 00:02:07,480 --> 00:02:10,160 Speaker 1: so trading above the offer price, about nine percent higher 42 00:02:10,160 --> 00:02:13,200 Speaker 1: than off the price, which was forty six Swiss francs 43 00:02:13,200 --> 00:02:16,160 Speaker 1: a share, which is interesting and good news for the 44 00:02:16,200 --> 00:02:19,840 Speaker 1: company itself, but it indicates kind of stronger demand. It's 45 00:02:19,880 --> 00:02:22,440 Speaker 1: the first in a series of IPOs that are expected 46 00:02:22,480 --> 00:02:27,200 Speaker 1: across Europe. We've got Varija which is also planning listing 47 00:02:27,360 --> 00:02:29,600 Speaker 1: in Switzerland and that will be if it all comes 48 00:02:29,639 --> 00:02:31,280 Speaker 1: to frush in that be yuro it's largest listing in 49 00:02:31,840 --> 00:02:34,040 Speaker 1: three years. So this is the first in a series 50 00:02:34,080 --> 00:02:39,200 Speaker 1: and it's indicating strong demand. And yeah, trading high this morning, 51 00:02:39,240 --> 00:02:40,840 Speaker 1: so a good debut from them. 52 00:02:40,840 --> 00:02:44,880 Speaker 3: Okay, so that's an ipo. What about the chemicals company Croda. 53 00:02:45,040 --> 00:02:47,880 Speaker 1: A really interesting one. So yesterday, about an hour or 54 00:02:47,919 --> 00:02:51,400 Speaker 1: so before market close or late afternoon, there was a 55 00:02:51,440 --> 00:02:54,320 Speaker 1: disclosure that an American investment management company had an over 56 00:02:54,360 --> 00:02:57,680 Speaker 1: five percent stake in Croda, which is the chemical supplier's 57 00:02:58,040 --> 00:03:02,320 Speaker 1: blue chip in London. The stock rose on that most 58 00:03:02,639 --> 00:03:05,000 Speaker 1: in nearly five months, and it's continuing those gains today. 59 00:03:05,000 --> 00:03:07,639 Speaker 1: And the reason it seems the reason that this seems 60 00:03:07,639 --> 00:03:11,720 Speaker 1: to be is because the investment management company that took 61 00:03:11,760 --> 00:03:15,200 Speaker 1: the stake, they also just in twenty twenty two, they 62 00:03:15,200 --> 00:03:17,760 Speaker 1: disclosed a stake in Johnson Mattie, which is in the 63 00:03:17,840 --> 00:03:21,440 Speaker 1: same industry, and they later pushed Johnson Mattie to do 64 00:03:21,440 --> 00:03:23,960 Speaker 1: a strategic review, and then of course it was sold 65 00:03:24,080 --> 00:03:27,200 Speaker 1: later on to Honeywell. So potentially a bit of speculation 66 00:03:27,320 --> 00:03:31,080 Speaker 1: that they could force through similar change. And if you 67 00:03:31,080 --> 00:03:33,880 Speaker 1: look back at quda's share price, if you take away 68 00:03:33,960 --> 00:03:37,680 Speaker 1: yesterday's gains, they've lost almost forty percent so far year 69 00:03:37,720 --> 00:03:41,840 Speaker 1: to date taking away the gains yesterday, so potentially not 70 00:03:41,880 --> 00:03:44,160 Speaker 1: surprising if they do push for a review, So we'll 71 00:03:44,160 --> 00:03:45,320 Speaker 1: be keeping an eye on that one. 72 00:03:46,720 --> 00:03:50,760 Speaker 2: The Stock Mover's Report from Bloomberg Radio. Check back with 73 00:03:50,840 --> 00:03:53,440 Speaker 2: us throughout the day for the latest roundup of companies 74 00:03:53,480 --> 00:03:56,560 Speaker 2: making news on Wall Street and for the latest market 75 00:03:56,600 --> 00:04:01,080 Speaker 2: moving headlines. 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