1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,119 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:18,400 --> 00:00:19,880 Speaker 3: Now, let's have a look at some of the stocks 5 00:00:19,880 --> 00:00:22,200 Speaker 3: on the move today here in Europe. I'm Caroline Hepcat 6 00:00:22,239 --> 00:00:25,880 Speaker 3: alongside Jamana Bassecci, and we're joined by Blueberg's equity support 7 00:00:25,880 --> 00:00:29,280 Speaker 3: to Joe Easton. Hi Joe. So, look, first, European medical 8 00:00:29,480 --> 00:00:33,320 Speaker 3: tech firms got painful news over the weekend. How is 9 00:00:33,360 --> 00:00:34,560 Speaker 3: that affecting them today? 10 00:00:35,159 --> 00:00:37,520 Speaker 1: Yeah, so we are seeing weakness in all of those 11 00:00:37,560 --> 00:00:40,600 Speaker 1: medical tech companies to day. So Semen's Health and Nears 12 00:00:40,800 --> 00:00:44,040 Speaker 1: is down around one percent at the moment was down 13 00:00:44,080 --> 00:00:47,560 Speaker 1: two percent. This is an maker of MRI machines. We've 14 00:00:47,600 --> 00:00:50,960 Speaker 1: also got Phillips lower as well and Carl's iis medtech 15 00:00:51,040 --> 00:00:54,040 Speaker 1: the big ones moving into space. This afternoons that Beijing 16 00:00:54,160 --> 00:00:59,400 Speaker 1: will exclude EU based companies from government procurement for certain 17 00:00:59,600 --> 00:01:02,200 Speaker 1: medical devices. This is kind of the latest tip for 18 00:01:02,320 --> 00:01:07,120 Speaker 1: tat between the Chinese and the European Union on medical 19 00:01:07,200 --> 00:01:10,759 Speaker 1: tech analysts saying that it's kind of unsure how much 20 00:01:10,800 --> 00:01:13,200 Speaker 1: this will affect the firms in terms of revenue, but 21 00:01:13,280 --> 00:01:16,199 Speaker 1: clearly hitting sentiments today. And all three of those big 22 00:01:16,480 --> 00:01:18,560 Speaker 1: health tech companies are declining. 23 00:01:18,160 --> 00:01:21,280 Speaker 3: This morning, and the oil giant Shell has seen its 24 00:01:21,280 --> 00:01:23,840 Speaker 3: shares slide this morning as well. So drill into these 25 00:01:23,840 --> 00:01:24,640 Speaker 3: bad numbers for. 26 00:01:24,640 --> 00:01:27,520 Speaker 1: Us, Joe, Yes, well, yeah, the headline I saw was 27 00:01:27,560 --> 00:01:29,440 Speaker 1: a crude awakening, which I quite like. 28 00:01:30,720 --> 00:01:32,000 Speaker 2: So Shell is down today. 29 00:01:32,040 --> 00:01:34,360 Speaker 1: Moving on from that, Shell is down three percent, a 30 00:01:34,400 --> 00:01:36,600 Speaker 1: pretty big move for that stock. Actually, this after the 31 00:01:36,920 --> 00:01:41,080 Speaker 1: oil company's second quarter update pointed to weaker performance than 32 00:01:41,240 --> 00:01:45,000 Speaker 1: anticipated and that is likely to hit earnings expectations. Now, 33 00:01:45,280 --> 00:01:47,600 Speaker 1: I'd read a note from Jefferies and they were predicting 34 00:01:47,960 --> 00:01:52,800 Speaker 1: potentially cuts to their earnings or earnings consensus among analysts 35 00:01:52,800 --> 00:01:56,000 Speaker 1: of up to twenty percent. So really quite big numbers 36 00:01:56,040 --> 00:01:58,480 Speaker 1: in terms of how bad this report is. It is, 37 00:01:58,560 --> 00:02:01,240 Speaker 1: of course, all tied to the wee caning crude price. 38 00:02:01,280 --> 00:02:04,000 Speaker 1: That is kind of the main clear driver of this. 39 00:02:04,120 --> 00:02:08,320 Speaker 1: The stock declining at two point six percent currently on 40 00:02:08,520 --> 00:02:10,640 Speaker 1: the one year view, it's down eleven percent, and for 41 00:02:10,680 --> 00:02:13,360 Speaker 1: a big stock like that is pretty negative news. A 42 00:02:13,360 --> 00:02:15,400 Speaker 1: Shell down after that training update. 43 00:02:16,040 --> 00:02:21,919 Speaker 3: Okay, And lastly, Stilantis hitting road bumps this year there 44 00:02:21,919 --> 00:02:24,960 Speaker 3: you go. I know, it's all puns. What's the market 45 00:02:25,120 --> 00:02:29,280 Speaker 3: has Stilantis? So Bank of America downgraded this one today. 46 00:02:29,280 --> 00:02:32,080 Speaker 3: They've cut it to neutral from by. They're predicting a 47 00:02:32,320 --> 00:02:35,440 Speaker 3: very weak first half for Stilantis. Now, this is one 48 00:02:35,440 --> 00:02:39,840 Speaker 3: of the world's biggest car makers, so Jeep, Chrysler, all 49 00:02:39,840 --> 00:02:42,560 Speaker 3: those big brands, and also a number of Italian brands 50 00:02:42,560 --> 00:02:43,079 Speaker 3: as well. 51 00:02:43,560 --> 00:02:46,560 Speaker 1: They reckon over at Boffer that it is too early 52 00:02:46,639 --> 00:02:49,960 Speaker 1: to go bottom fishing on this stop because they think 53 00:02:50,280 --> 00:02:53,600 Speaker 1: it has further to decline. On a one year of view, 54 00:02:53,639 --> 00:02:56,600 Speaker 1: this stock is down fifty percent. It does all due 55 00:02:56,720 --> 00:03:00,760 Speaker 1: really to competition in auto's a lot of in evs, 56 00:03:00,800 --> 00:03:04,440 Speaker 1: with China putting a lot of cheaper evs onto the market. 57 00:03:04,680 --> 00:03:07,560 Speaker 1: It's Bank of America really reiterating that predicting a very 58 00:03:07,600 --> 00:03:10,400 Speaker 1: bad half year for the company, and the stock is 59 00:03:10,440 --> 00:03:12,160 Speaker 1: down for a Sunday morning. 60 00:03:13,400 --> 00:03:17,520 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 61 00:03:17,600 --> 00:03:20,359 Speaker 2: us throughout the day for the latest roundup of companies 62 00:03:20,400 --> 00:03:23,440 Speaker 2: making news on Wall Street and for the latest market 63 00:03:23,480 --> 00:03:27,840 Speaker 2: moving headlines. 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