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 00:00:16,520 --> 00:00:18,360 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,400 --> 00:00:21,959 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel. Have to 6 00:00:22,000 --> 00:00:24,640 Speaker 3: start off with the oil majors. Valerie, after what happened 7 00:00:24,640 --> 00:00:27,880 Speaker 3: over the weekend in Venezuela, they are jumping this morning. 8 00:00:27,880 --> 00:00:30,440 Speaker 1: Good morning, Gay, Good morning Nathan. Yes, we're seeing the 9 00:00:30,520 --> 00:00:34,800 Speaker 1: likes of Chevron hire by over seven percent, Chevron being 10 00:00:34,800 --> 00:00:38,520 Speaker 1: the sole major US oil company still operating in Venezuela, 11 00:00:38,640 --> 00:00:41,280 Speaker 1: jumping the most out of the majors this morning. But 12 00:00:41,320 --> 00:00:43,879 Speaker 1: we have Conico Phillips not far behind, up seven and 13 00:00:43,920 --> 00:00:47,840 Speaker 1: a quarter percent. Ex On Mobile up nearly four point 14 00:00:47,880 --> 00:00:52,480 Speaker 1: seven percent this morning. We're also seeing oil field services 15 00:00:52,520 --> 00:00:56,480 Speaker 1: companies doing very well. Halliburton is up nearly ten percent, 16 00:00:56,800 --> 00:00:59,440 Speaker 1: one of the best performing stocks in the pre market 17 00:00:59,440 --> 00:01:01,760 Speaker 1: this morning, the S and P five hundred. And this 18 00:01:01,840 --> 00:01:04,520 Speaker 1: all comes as the US President says US oil companies 19 00:01:04,560 --> 00:01:08,280 Speaker 1: will be strongly involved in the future of Venezuela's oil industry. 20 00:01:08,640 --> 00:01:12,000 Speaker 3: It's interesting to think about the oil majors seeing these gains, 21 00:01:12,000 --> 00:01:15,040 Speaker 3: But if you look at the broader futures contracts this morning, 22 00:01:15,080 --> 00:01:18,479 Speaker 3: the tech heavy Nasdaq is leading the way. It almost feels, 23 00:01:18,520 --> 00:01:22,279 Speaker 3: at least in a macro perspective, like the twenty twenty 24 00:01:22,319 --> 00:01:24,199 Speaker 3: five party continues a little bit. 25 00:01:24,560 --> 00:01:27,840 Speaker 1: Especially for these memory chip makers, and we're seeing it 26 00:01:27,880 --> 00:01:31,160 Speaker 1: this morning, Nathan. These memory chip makers were the best 27 00:01:31,160 --> 00:01:34,080 Speaker 1: performing stocks last year, and they continue out of the 28 00:01:34,120 --> 00:01:37,560 Speaker 1: gates very strongly, the likes of Micron up three point 29 00:01:37,640 --> 00:01:41,240 Speaker 1: six percent, Western Digital up more than three and sand 30 00:01:41,240 --> 00:01:43,560 Speaker 1: Disc up three point seven percent. 31 00:01:43,720 --> 00:01:45,119 Speaker 2: So those were some. 32 00:01:45,120 --> 00:01:47,960 Speaker 1: Of the top performing stocks of the year last year 33 00:01:47,960 --> 00:01:50,720 Speaker 1: and they continue to trade strongly. We have more signs 34 00:01:51,120 --> 00:01:54,280 Speaker 1: of a memory a chip demand issue. There were some 35 00:01:54,440 --> 00:01:57,320 Speaker 1: reports in the South Korean media that Samsung and sk 36 00:01:57,480 --> 00:02:00,880 Speaker 1: Heinex are planning to raise DRAM price is by sixty 37 00:02:00,880 --> 00:02:04,600 Speaker 1: to seventy percent given this tightness in its supply when 38 00:02:04,640 --> 00:02:06,080 Speaker 1: it comes to memory chips, I. 39 00:02:06,080 --> 00:02:08,120 Speaker 3: Guess we're probably going to have a lot more focus 40 00:02:08,200 --> 00:02:11,840 Speaker 3: on tech throughout the week with the CES happening in 41 00:02:11,919 --> 00:02:12,600 Speaker 3: Las Vegas. 42 00:02:12,880 --> 00:02:16,120 Speaker 1: Yeah, generally chip stocks are doing quite well, even outside 43 00:02:16,200 --> 00:02:18,359 Speaker 1: of memory. You know, take a look at what happened 44 00:02:18,360 --> 00:02:23,400 Speaker 1: in Asia. Samsung junk jumped eight percent. ASML trading in 45 00:02:23,400 --> 00:02:26,000 Speaker 1: the Netherlands. That's the chip equipment maker is up four 46 00:02:26,040 --> 00:02:29,680 Speaker 1: point two percent, Nathan, ASML is up ten percent so 47 00:02:29,760 --> 00:02:32,000 Speaker 1: far this year and we're only on day two, So again, 48 00:02:32,400 --> 00:02:34,760 Speaker 1: a really good day for global chips as well. 49 00:02:35,080 --> 00:02:39,320 Speaker 3: No kidding, QXO, we don't talk about this one much. 50 00:02:39,360 --> 00:02:40,640 Speaker 3: What's going on with QXL. 51 00:02:40,840 --> 00:02:42,519 Speaker 1: This is a bit of a niche one. So QXO 52 00:02:42,720 --> 00:02:47,280 Speaker 1: is a buildings products distribution company. Essentially, it's a publicly 53 00:02:47,400 --> 00:02:52,480 Speaker 1: traded private equity style roll up in the buildings products industry. Now, 54 00:02:52,760 --> 00:02:56,240 Speaker 1: sources have told Bloomberg that an investor group led by 55 00:02:56,280 --> 00:02:59,639 Speaker 1: Apollo Global Management has agreed to invest more than one 56 00:02:59,680 --> 00:03:03,399 Speaker 1: billion dollars, and we're seeing shares of QXO up eight 57 00:03:03,440 --> 00:03:07,160 Speaker 1: point three percent. Obviously, this backing, this more financing would 58 00:03:07,160 --> 00:03:11,080 Speaker 1: give the company more ammunition to pursue its expansions and 59 00:03:11,120 --> 00:03:12,160 Speaker 1: further acquisitions. 60 00:03:13,200 --> 00:03:17,440 Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us 61 00:03:17,440 --> 00:03:20,240 Speaker 2: throughout the day for the latest roundup of companies making 62 00:03:20,320 --> 00:03:23,960 Speaker 2: news on Wall Street and for the latest market moving headlines. 63 00:03:24,160 --> 00:03:28,160 Speaker 2: Listen to Bloomberg Radio live. Catch us on YouTube, Bloomberg 64 00:03:28,200 --> 00:03:31,280 Speaker 2: dot com, and on Applecarplay and Android Auto with the 65 00:03:31,320 --> 00:03:32,680 Speaker 2: Bloomberg Business app.