Speaker 1: Hi, I'm Caroline Hyde introducing you to the new Stockmovers
Speaker 1: podcast from Bloomberg. The show brings you short episodes five
Speaker 1: minutes or less, covering the stocks making gains and losses
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Speaker 1: anyway you get your podcasts now. Here's a sample of
Speaker 1: the latest episode from our team at Bloomberg.
Speaker 2: Bloomberg Audio Studios, Podcasts, radio News. The Stock Movers podcast
Speaker 2: your roundup of companies making moves in the stock market,
Speaker 2: harnessing the power of Bloomberg Data.
Speaker 3: Both a look at some of the stocks that are
Speaker 3: roving look under the hood right now. We're joined by
Speaker 3: Bailly Lipschultz, the equity reporter for Bloomberg News. At the
Speaker 3: intersection of China and Chips, we find well Texas Instruments.
Speaker 4: Yeah, Chips calculators. As Emily made the point, they do
Speaker 4: thing stock right now under the taker t x N
Speaker 4: worst forming the S and P five hundred. This comes
Speaker 4: and I'm going to use a surveillance word, a little
Speaker 4: bit of bifurcation of the semiconductor's index. We're seeing Broadcom
Speaker 4: trading higher as is ASML and Nvidia, but the reason
Speaker 4: that Texas Instrument, along with Intel are under so much
Speaker 4: pressure is because of the new Chinese tariffs targeting semiconductor imports.
Speaker 4: So Beijing raising tariffs in all US goods. US manufacturers
Speaker 4: Intel and Texas Instrument are down because of them.
Speaker 3: How much in terms of chips do we sell? Does
Speaker 3: the US sell to China? And why don't they just
Speaker 3: make their own?
Speaker 4: I mean you're asking, You're asking the real questions you
Speaker 4: should be asking. But I think that goes back to
Speaker 4: the whole argument about a lot of the trade war
Speaker 4: details of who imports what and who exports other things.
Speaker 2: That's right.
Speaker 4: I mean again, I just think of calculators.
Speaker 2: But I guess this is all based on the trade
Speaker 2: ward not about calculator demand.
Speaker 4: No, not about at least not today. But sentiment is
Speaker 4: definitely getting dang even though the S and P five hundred.
Speaker 3: You have a calculator, I have people to do for me.
Speaker 4: Well, I used to. I would always use a Texas instrument.
Speaker 2: Yeah cool, they.
Speaker 4: Didn't have those sat. What did you use?
Speaker 3: We heard capul we pulled a handle on it.
Speaker 4: What else are you watching? You stick on on the
Speaker 4: trade that maybe caters to an older generation. Gold ripping,
Speaker 4: So Newmont up right now up more than six and
Speaker 4: a half percent tick or any best performing the SNB
Speaker 4: five hundred. Opposite side of that, when people are getting anxious,
Speaker 4: they flocked to precious medals, they flocked to gold, they
Speaker 4: flocked to commodities, So Newmont rallying because of that. Also,
Speaker 4: the company did get an upgrade from ubs, hiking their
Speaker 4: price target to sixty bucks from fifty. The stock right
Speaker 4: now treading at fifty four forty, basically saying long run
Speaker 4: company has a way to go to reestablish their track
Speaker 4: record and credibility. But basically Gold COEs A are rallying
Speaker 4: and the backdrop for Macro is better for the company.
Speaker 3: Are you going to like get a pick and a
Speaker 3: shovel and go up to the Yukon? At some point
Speaker 3: debating it?
Speaker 4: You know, I'm from California, so maybe I should go
Speaker 4: back to the West coast.
Speaker 3: Treat it like Sutter's Mill anywhere near there.
Speaker 4: I don't even know where that is. You're using geography, man,
Speaker 4: you're exposing the sausade.
Speaker 3: Oh never mind, Emily, what's the next stock You're looking at.
Speaker 4: One of the underperformers in the banking space, Walls Fargo
Speaker 4: right now down four percent ticker WFC. Big earning season
Speaker 4: for banks, but obviously the big focus is on what
Speaker 4: the future holds for these companies. The one thing that
Speaker 4: did stand out though, for Wells Fargo, obviously a bit
Speaker 4: different of a business relative to JP Morgan and Morgan Stanley,
Speaker 4: they actually got digged by a number of analysts flagging
Speaker 4: lower net interest income and non interest income, so basically
Speaker 4: saying that those were the net interest income was lighter
Speaker 4: in they're no reserves built, according to HSBC analysts and others,
Speaker 4: basically saying that weaker revenues were hitting the company. But again,
Speaker 4: we are in such a macro market that these moves
Speaker 4: can verset pretty quickly.
Speaker 2: The Stockmovers podcast from Bloomberg Radio. Check back with us
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