WEBVTT - Oil Skyrockets; Memory Chips Up; AI Rallying

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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 today.

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<v Speaker 3>I'm Nathan Hager, joined by Bloomberg's Valerie Titel. Have to

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<v Speaker 3>start off with the oil majors. Valerie, after what happened

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<v Speaker 3>over the weekend in Venezuela, they are jumping this morning.

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<v Speaker 1>Good morning, Gay, Good morning Nathan. Yes, we're seeing the

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<v Speaker 1>likes of Chevron hire by over seven percent, Chevron being

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<v Speaker 1>the sole major US oil company still operating in Venezuela,

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<v Speaker 1>jumping the most out of the majors this morning. But

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<v Speaker 1>we have Conico Phillips not far behind, up seven and

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<v Speaker 1>a quarter percent. Ex On Mobile up nearly four point

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<v Speaker 1>seven percent this morning. We're also seeing oil field services

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<v Speaker 1>companies doing very well. Halliburton is up nearly ten percent,

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<v Speaker 1>one of the best performing stocks in the pre market

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<v Speaker 1>this morning, the S and P five hundred. And this

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<v Speaker 1>all comes as the US President says US oil companies

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<v Speaker 1>will be strongly involved in the future of Venezuela's oil industry.

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<v Speaker 3>It's interesting to think about the oil majors seeing these gains,

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<v Speaker 3>But if you look at the broader futures contracts this morning,

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<v Speaker 3>the tech heavy Nasdaq is leading the way. It almost feels,

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<v Speaker 3>at least in a macro perspective, like the twenty twenty

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<v Speaker 3>five party continues a little bit.

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<v Speaker 1>Especially for these memory chip makers, and we're seeing it

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<v Speaker 1>this morning, Nathan. These memory chip makers were the best

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<v Speaker 1>performing stocks last year, and they continue out of the

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<v Speaker 1>gates very strongly, the likes of Micron up three point

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<v Speaker 1>six percent, Western Digital up more than three and sand

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<v Speaker 1>Disc up three point seven percent.

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<v Speaker 2>So those were some.

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<v Speaker 1>Of the top performing stocks of the year last year

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<v Speaker 1>and they continue to trade strongly. We have more signs

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<v Speaker 1>of a memory a chip demand issue. There were some

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<v Speaker 1>reports in the South Korean media that Samsung and sk

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<v Speaker 1>Heinex are planning to raise DRAM price is by sixty

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<v Speaker 1>to seventy percent given this tightness in its supply when

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<v Speaker 1>it comes to memory chips, I.

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<v Speaker 3>Guess we're probably going to have a lot more focus

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<v Speaker 3>on tech throughout the week with the CES happening in

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<v Speaker 3>Las Vegas.

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<v Speaker 1>Yeah, generally chip stocks are doing quite well, even outside

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<v Speaker 1>of memory. You know, take a look at what happened

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<v Speaker 1>in Asia. Samsung junk jumped eight percent. ASML trading in

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<v Speaker 1>the Netherlands. That's the chip equipment maker is up four

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<v Speaker 1>point two percent, Nathan, ASML is up ten percent so

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<v Speaker 1>far this year and we're only on day two, So again,

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<v Speaker 1>a really good day for global chips as well.

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<v Speaker 3>No kidding, QXO, we don't talk about this one much.

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<v Speaker 3>What's going on with QXL.

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<v Speaker 1>This is a bit of a niche one. So QXO

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<v Speaker 1>is a buildings products distribution company. Essentially, it's a publicly

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<v Speaker 1>traded private equity style roll up in the buildings products industry. Now,

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<v Speaker 1>sources have told Bloomberg that an investor group led by

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<v Speaker 1>Apollo Global Management has agreed to invest more than one

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<v Speaker 1>billion dollars, and we're seeing shares of QXO up eight

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<v Speaker 1>point three percent. Obviously, this backing, this more financing would

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<v Speaker 1>give the company more ammunition to pursue its expansions and

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<v Speaker 1>further acquisitions.

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

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