1 00:00:02,520 --> 00:00:07,360 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 00:00:16,360 --> 00:00:18,160 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,160 --> 00:00:21,599 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Valerie Titel on a 6 00:00:21,640 --> 00:00:23,880 Speaker 1: morning with a lot of stocks moving on headlines, and 7 00:00:23,880 --> 00:00:27,480 Speaker 1: that is certainly the case for the defense contractor's Valerie. 8 00:00:27,520 --> 00:00:30,520 Speaker 3: Good morning, Good morning, Nathan. Yes, and there are surgeon globally. 9 00:00:30,560 --> 00:00:32,320 Speaker 4: It's not just in the US pre market, where I 10 00:00:32,400 --> 00:00:35,440 Speaker 4: also saw it in the Asia session and the European session, 11 00:00:35,960 --> 00:00:37,800 Speaker 4: but in the US pre market we have the likes 12 00:00:37,800 --> 00:00:41,040 Speaker 4: of RTX up four and a half percent, Lockheed Martin 13 00:00:41,159 --> 00:00:45,360 Speaker 4: up nearly seven and Northrop Grunman up nearly eight percent 14 00:00:45,520 --> 00:00:47,960 Speaker 4: in pre market trade on the back of this social 15 00:00:47,960 --> 00:00:50,720 Speaker 4: media post from the US President that he wants to 16 00:00:50,760 --> 00:00:54,279 Speaker 4: boost the annual defense budget by fifty percent from one 17 00:00:54,360 --> 00:00:58,000 Speaker 4: trillion dollars to one and a half trillion dollars. Now, 18 00:00:58,000 --> 00:01:01,480 Speaker 4: that kind of move would mark the biggest ever spending 19 00:01:01,520 --> 00:01:03,800 Speaker 4: increase for the US military. Obviously, there's a lot of 20 00:01:03,880 --> 00:01:06,280 Speaker 4: questions on whether you can actually get some spending like 21 00:01:06,319 --> 00:01:08,240 Speaker 4: that through Congress, but it does seem to be on 22 00:01:08,280 --> 00:01:09,280 Speaker 4: a global basis. 23 00:01:09,600 --> 00:01:11,440 Speaker 3: We are reacting to this post. 24 00:01:11,800 --> 00:01:16,000 Speaker 4: In the European session, we had UK's BAE Systems up 25 00:01:16,080 --> 00:01:19,480 Speaker 4: nearly six percent. It generates almost half its revenue from 26 00:01:19,480 --> 00:01:22,720 Speaker 4: the US, so this tweet is really having global ramifications 27 00:01:22,720 --> 00:01:23,680 Speaker 4: for the defense industry. 28 00:01:23,840 --> 00:01:27,200 Speaker 1: And we've got some headlines affecting in Vidia shares as 29 00:01:27,240 --> 00:01:28,400 Speaker 1: well coming out of China. 30 00:01:28,600 --> 00:01:33,679 Speaker 4: Right, yeah, this is some news about in Nvidia selling 31 00:01:33,720 --> 00:01:35,960 Speaker 4: its H two hundred chip into China. 32 00:01:36,000 --> 00:01:37,920 Speaker 3: Bloomberg is reporting that China. 33 00:01:37,680 --> 00:01:41,320 Speaker 4: Is set to approve purchases as soon as this quarter. 34 00:01:41,400 --> 00:01:44,680 Speaker 4: So we're seeing Nvidia outperform the broader market, but just slightly. 35 00:01:44,680 --> 00:01:47,520 Speaker 4: We're up half of one percent compared to the NASTAQ 36 00:01:47,560 --> 00:01:50,360 Speaker 4: which is in the red, down a quarter of one percent. Now, 37 00:01:50,360 --> 00:01:53,280 Speaker 4: this would mark the return to the Chinese market for 38 00:01:53,520 --> 00:01:57,240 Speaker 4: Nvidia if this approval was set to go through, which 39 00:01:57,280 --> 00:01:59,800 Speaker 4: is really nothing to sneeze at given China. It's currently 40 00:01:59,840 --> 00:02:04,000 Speaker 4: the biggest market for semiconductors and Nvidia used to have 41 00:02:04,080 --> 00:02:08,000 Speaker 4: a whopping ninety five percent market share before export controls 42 00:02:08,160 --> 00:02:11,160 Speaker 4: took that share essentially down to zero and in place 43 00:02:11,160 --> 00:02:13,840 Speaker 4: it has seen local rivals such as Huawei and camber 44 00:02:13,919 --> 00:02:15,760 Speaker 4: con gain in its absence. 45 00:02:15,800 --> 00:02:18,080 Speaker 3: So a return for Nvidia. 46 00:02:17,800 --> 00:02:21,000 Speaker 4: To the Chinese market would sure be a big, big 47 00:02:21,040 --> 00:02:23,320 Speaker 4: impulse for Nvidia shares moving forward. 48 00:02:23,400 --> 00:02:26,280 Speaker 1: Yeah, certainly, but very interesting to see that among the 49 00:02:26,280 --> 00:02:30,200 Speaker 1: Magnificent seven stocks, in Vidia is not the biggest performer 50 00:02:30,280 --> 00:02:33,960 Speaker 1: right now. Google parent Alphabet has an even bigger bid 51 00:02:33,960 --> 00:02:34,440 Speaker 1: this morning. 52 00:02:34,520 --> 00:02:37,440 Speaker 4: Yeah, yeah, Alphabet is the main outperformer of the mag 53 00:02:37,520 --> 00:02:41,040 Speaker 4: seven this morning. It's up around one percent in pre 54 00:02:41,160 --> 00:02:42,040 Speaker 4: market trade. 55 00:02:42,160 --> 00:02:43,720 Speaker 3: Not a lot, but we did have. 56 00:02:43,680 --> 00:02:47,200 Speaker 4: An upgrade from the street from Cantor Fitzgerald who upgraded 57 00:02:47,720 --> 00:02:50,880 Speaker 4: the company from overweight to neutral, assigning the fact that 58 00:02:50,919 --> 00:02:55,160 Speaker 4: Google has the strongest footprint across several layers in the 59 00:02:55,200 --> 00:02:57,840 Speaker 4: AI tech stack. And this comes amid you know, it's 60 00:02:57,919 --> 00:03:01,000 Speaker 4: new year, Nathan, investors are looking out where to position 61 00:03:01,720 --> 00:03:04,679 Speaker 4: in this AI trade if this carries forward into next year, 62 00:03:04,720 --> 00:03:07,120 Speaker 4: and counter Fixgerald saying that Google could be one of 63 00:03:07,160 --> 00:03:08,760 Speaker 4: the main beneficiaries moving forward. 64 00:03:09,240 --> 00:03:13,480 Speaker 1: And finally, Valerie, we've got Constellation brands on your list 65 00:03:13,520 --> 00:03:16,560 Speaker 1: this morning. Are they reported earnings? They are about to 66 00:03:16,639 --> 00:03:17,839 Speaker 1: report innings. What's going on there? 67 00:03:17,880 --> 00:03:21,120 Speaker 4: They reported earnings this is the maker of Modello and Corona, 68 00:03:21,240 --> 00:03:24,040 Speaker 4: so big in the beer industry. Constellation Brands is up 69 00:03:24,080 --> 00:03:26,600 Speaker 4: two point three percent. They did have a beat when 70 00:03:26,639 --> 00:03:29,000 Speaker 4: it comes to net sales for the third quarter and 71 00:03:29,080 --> 00:03:31,960 Speaker 4: did reaffirm their full year guidance. The company did in 72 00:03:32,040 --> 00:03:35,119 Speaker 4: site did in some way site improving trends throughout December, 73 00:03:35,160 --> 00:03:38,200 Speaker 4: but they're still guiding for beer sales growth. 74 00:03:38,040 --> 00:03:39,520 Speaker 3: To decline over the full year. 75 00:03:39,560 --> 00:03:42,400 Speaker 4: There's been a big pullback in consumer spending habits, and 76 00:03:42,440 --> 00:03:46,760 Speaker 4: they have cited specifically a pullback and spending in Hispanic drinkers, 77 00:03:46,800 --> 00:03:49,800 Speaker 4: which I think is an interesting point. Nathan weak consumer 78 00:03:49,840 --> 00:03:52,320 Speaker 4: sentiments rising on employment rates, it seems to have a 79 00:03:52,320 --> 00:03:56,880 Speaker 4: particular impact on Hispanics in their customer base. 80 00:03:57,000 --> 00:03:59,160 Speaker 3: Is this due to the immigration policies of Donald Trump. 81 00:03:59,200 --> 00:04:01,800 Speaker 4: Not too sure, but they also cited a downturn in 82 00:04:01,840 --> 00:04:05,440 Speaker 4: what they called four thousand calorie jobs or physically demanding 83 00:04:05,520 --> 00:04:09,320 Speaker 4: jobs such as those in construction that typically boost beer sales. 84 00:04:09,360 --> 00:04:12,040 Speaker 4: So with a pullback in those kind of demanding jobs, 85 00:04:12,040 --> 00:04:14,119 Speaker 4: are seeing a beer sales decline next year. 86 00:04:15,320 --> 00:04:19,560 Speaker 2: The Stockmover's report from Bloomberg Radio check back with us 87 00:04:19,560 --> 00:04:22,359 Speaker 2: throughout the day for the latest roundup of companies making 88 00:04:22,440 --> 00:04:26,080 Speaker 2: news on Wall Street and for the latest market moving headlines. 89 00:04:26,279 --> 00:04:30,279 Speaker 2: Listen to Bloomberg Radio Live. 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