Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel. Have to
Speaker 3: start off with the oil majors. Valerie, after what happened
Speaker 3: over the weekend in Venezuela, they are jumping this morning.
Speaker 1: Good morning, Gay, Good morning Nathan. Yes, we're seeing the
Speaker 1: likes of Chevron hire by over seven percent, Chevron being
Speaker 1: the sole major US oil company still operating in Venezuela,
Speaker 1: jumping the most out of the majors this morning. But
Speaker 1: we have Conico Phillips not far behind, up seven and
Speaker 1: a quarter percent. Ex On Mobile up nearly four point
Speaker 1: seven percent this morning. We're also seeing oil field services
Speaker 1: companies doing very well. Halliburton is up nearly ten percent,
Speaker 1: one of the best performing stocks in the pre market
Speaker 1: this morning, the S and P five hundred. And this
Speaker 1: all comes as the US President says US oil companies
Speaker 1: will be strongly involved in the future of Venezuela's oil industry.
Speaker 3: It's interesting to think about the oil majors seeing these gains,
Speaker 3: But if you look at the broader futures contracts this morning,
Speaker 3: the tech heavy Nasdaq is leading the way. It almost feels,
Speaker 3: at least in a macro perspective, like the twenty twenty
Speaker 3: five party continues a little bit.
Speaker 1: Especially for these memory chip makers, and we're seeing it
Speaker 1: this morning, Nathan. These memory chip makers were the best
Speaker 1: performing stocks last year, and they continue out of the
Speaker 1: gates very strongly, the likes of Micron up three point
Speaker 1: six percent, Western Digital up more than three and sand
Speaker 1: Disc up three point seven percent.
Speaker 2: So those were some.
Speaker 1: Of the top performing stocks of the year last year
Speaker 1: and they continue to trade strongly. We have more signs
Speaker 1: of a memory a chip demand issue. There were some
Speaker 1: reports in the South Korean media that Samsung and sk
Speaker 1: Heinex are planning to raise DRAM price is by sixty
Speaker 1: to seventy percent given this tightness in its supply when
Speaker 1: it comes to memory chips, I.
Speaker 3: Guess we're probably going to have a lot more focus
Speaker 3: on tech throughout the week with the CES happening in
Speaker 3: Las Vegas.
Speaker 1: Yeah, generally chip stocks are doing quite well, even outside
Speaker 1: of memory. You know, take a look at what happened
Speaker 1: in Asia. Samsung junk jumped eight percent. ASML trading in
Speaker 1: the Netherlands. That's the chip equipment maker is up four
Speaker 1: point two percent, Nathan, ASML is up ten percent so
Speaker 1: far this year and we're only on day two, So again,
Speaker 1: a really good day for global chips as well.
Speaker 3: No kidding, QXO, we don't talk about this one much.
Speaker 3: What's going on with QXL.
Speaker 1: This is a bit of a niche one. So QXO
Speaker 1: is a buildings products distribution company. Essentially, it's a publicly
Speaker 1: traded private equity style roll up in the buildings products industry. Now,
Speaker 1: sources have told Bloomberg that an investor group led by
Speaker 1: Apollo Global Management has agreed to invest more than one
Speaker 1: billion dollars, and we're seeing shares of QXO up eight
Speaker 1: point three percent. Obviously, this backing, this more financing would
Speaker 1: give the company more ammunition to pursue its expansions and
Speaker 1: further acquisitions.
Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
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