WEBVTT - Kingspan Soars, Daimler Truck Slumps, Stellantis Falls

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move

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<v Speaker 3>today in Europe. I'm James Wilcot with Stephen Carrot and

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<v Speaker 3>we're joined by a report to Tea added Bio Teama.

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<v Speaker 3>Let's start with installation special the Kingspan. Why are investors

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<v Speaker 3>warming to the stock?

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<v Speaker 4>Well, yeah, some big moves for Kingspan this morning. It's

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<v Speaker 4>been up as much as fifteen percent. That's their highest

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<v Speaker 4>level since April twenty twenty two, and this really comes

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<v Speaker 4>after their results announcements, so they've topped expectations in the

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<v Speaker 4>first half and lifted trading profit guidance for the full year.

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<v Speaker 4>The firm also released some commentary saying that their order

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<v Speaker 4>backlog is considerably higher than at this point last year,

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<v Speaker 4>so they're expecting to break ten billion euros in full

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<v Speaker 4>year revenue for the first time ever. An lists are

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<v Speaker 4>agreeing with this assessment we've had for RB seeing Goldman Sachs.

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<v Speaker 4>They're also saying that this growing backlog should drive improve

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<v Speaker 4>profit growth. Some other commentary from goodbody who have said

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<v Speaker 4>this is a best in class update. They're also talking

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<v Speaker 4>about that stronger outlook, but they predict that shares are

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<v Speaker 4>going to be driven higher not just by the upgrade,

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<v Speaker 4>but also by multiple expansion as a result of the

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<v Speaker 4>earnings momentum that we're seeing. So a pretty good day

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<v Speaker 4>for Kingspan, it seems.

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<v Speaker 1>Yeah, big news out of a company based in kings Cord, County,

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<v Speaker 1>Calvin on the border. Are not far from the border

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<v Speaker 1>Ireland and Northern Ireland as well.

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<v Speaker 2>Tia.

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<v Speaker 1>Let's go to their next stop that you've been watching,

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<v Speaker 1>which is the manufacturer Daimler Truck. Their shares dropping sharply.

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<v Speaker 4>Yes, shares dropping at a Daimler truck. They've seen that

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<v Speaker 4>after their results announcement. It's been a bit of a

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<v Speaker 4>difficult time for the company and we're seeing that reflected

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<v Speaker 4>in their share performance today. So shares down there.

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<v Speaker 3>And let's look at salanthis tea. I mean, it's probably

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<v Speaker 3>not a good sign of one. ALA's discribe their earnings

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<v Speaker 3>as a sobering reality check.

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<v Speaker 4>Yeah, difficulties for stilandas one of the biggest losers on

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<v Speaker 4>the stock six hundred this morning, down as much as

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<v Speaker 4>three point eight percent, and that says the car marker

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<v Speaker 4>Carmakers has been downgraded to underperform from market perform by

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<v Speaker 4>analyst at Bernstein, which they say there's still substantial scope

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<v Speaker 4>for estimate reductions, which is more than a year after

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<v Speaker 4>the appointment of a new CEO, so they're not seeing

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<v Speaker 4>any pick up there and this have reduced their own

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<v Speaker 4>estimates for twenty twenty six and for the two years

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<v Speaker 4>after that as well. They're saying that consensus for shipment

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<v Speaker 4>levels in North America in the second half of this

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<v Speaker 4>year seem like a stretch, especially if dealer inventories are

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<v Speaker 4>going to be controlled, and a reduction in the production

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<v Speaker 4>rate could be necessary there, according to them, as you mentioned,

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<v Speaker 4>pretty strong wording. They said the twenty twenty six results

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<v Speaker 4>are a sobering reality and that this is the final straw,

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<v Speaker 4>so we'll see what happens there.

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<v Speaker 2>The Stockmovers report from Bloomberg Radio. Check back with us

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<v Speaker 2>throughout the day for the latest roundup of companies making

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