1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,520 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,440 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,920 --> 00:00:18,360 Speaker 3: Now let's have a look at some of the stocks 5 00:00:18,360 --> 00:00:20,560 Speaker 3: on the move today here in Europe. I'm Caroline Hepkitt 6 00:00:20,560 --> 00:00:23,119 Speaker 3: and I'm joined by Bloomberg reporter of Chloe Malay. Good 7 00:00:23,120 --> 00:00:27,520 Speaker 3: to see you. Chloe. On defense stocks up after President 8 00:00:27,560 --> 00:00:32,760 Speaker 3: Trump has talked about NATO members should shoot down Russian 9 00:00:32,800 --> 00:00:37,320 Speaker 3: planes that breach their airspace, so you know, quite combative 10 00:00:37,400 --> 00:00:42,400 Speaker 3: stance when it comes to any incursions. Which names are 11 00:00:42,400 --> 00:00:44,280 Speaker 3: moving in particular. 12 00:00:44,080 --> 00:00:47,080 Speaker 1: Well all of them really, so rain Mettalivisi is the 13 00:00:47,080 --> 00:00:49,640 Speaker 1: biggest name, the most recognizable one, and it was up 14 00:00:49,680 --> 00:00:52,400 Speaker 1: this morning, but we have really got the entirety of 15 00:00:52,440 --> 00:00:56,880 Speaker 1: their European defense sector moving higher. Leonardo and Italy for example, 16 00:00:57,000 --> 00:01:00,279 Speaker 1: sub in the Nordic's Talis in France, by in the UK, 17 00:01:00,960 --> 00:01:03,160 Speaker 1: and then also other names that are related to that 18 00:01:03,240 --> 00:01:07,680 Speaker 1: defense sector without being a directly defense company, like companies 19 00:01:07,680 --> 00:01:10,640 Speaker 1: like Empty Area for example, that makes actually engines for 20 00:01:10,760 --> 00:01:13,679 Speaker 1: that sector. And that is, as you say, because of 21 00:01:13,680 --> 00:01:18,080 Speaker 1: those remarks from Trump saying that NATO nations should shoot 22 00:01:18,120 --> 00:01:21,920 Speaker 1: down those Russian jets that violate their airspace. There has 23 00:01:21,959 --> 00:01:24,800 Speaker 1: been a series of incidents recently in which Russian aircraft 24 00:01:25,280 --> 00:01:28,040 Speaker 1: have crossed into the airspace of NATO allies and that 25 00:01:28,120 --> 00:01:31,039 Speaker 1: has been worrying the leaders of some of the smaller 26 00:01:31,280 --> 00:01:35,200 Speaker 1: Eastern European nations, like Latvia for example. So Latvia's president 27 00:01:35,680 --> 00:01:38,440 Speaker 1: called yesterday for a show of force from NATO in 28 00:01:38,480 --> 00:01:43,039 Speaker 1: response to those Russian incursions. Another thing that Trump said 29 00:01:43,160 --> 00:01:45,720 Speaker 1: is that Ukraine should be able to fight back and 30 00:01:45,760 --> 00:01:48,400 Speaker 1: win back all of its territory in its original form, 31 00:01:48,440 --> 00:01:51,640 Speaker 1: which is a much more sympathetic and optimistic statement on 32 00:01:51,760 --> 00:01:55,560 Speaker 1: Ukraine's chances of winning than Trump has said before. So 33 00:01:55,640 --> 00:01:58,960 Speaker 1: that is also a shift in narrative. So those two 34 00:01:59,480 --> 00:02:03,080 Speaker 1: remarks really driven those defense names higher this morning. And 35 00:02:03,920 --> 00:02:05,680 Speaker 1: you know, this is a sector that does well when 36 00:02:05,760 --> 00:02:07,800 Speaker 1: tensions are high, and this is shown again today. 37 00:02:08,440 --> 00:02:13,240 Speaker 3: Yeah, Saba is the top performer currently on the European market. 38 00:02:13,240 --> 00:02:17,920 Speaker 3: You've also got Leonardo and Kinetic in their defense names 39 00:02:18,320 --> 00:02:22,920 Speaker 3: top ten best performers. Turning to semiconductors next, There's been 40 00:02:23,000 --> 00:02:29,000 Speaker 3: lots of news on this in terms of semiconductors erasing 41 00:02:29,080 --> 00:02:30,560 Speaker 3: earlier losses. Why is that. 42 00:02:30,960 --> 00:02:34,040 Speaker 1: Yeah, So we have some semiconductor companies this morning doing 43 00:02:34,320 --> 00:02:36,480 Speaker 1: quite well, so not major moves on the kind of 44 00:02:36,560 --> 00:02:39,320 Speaker 1: moves that we've seen in those defense names, but still 45 00:02:39,600 --> 00:02:42,639 Speaker 1: still moving higher. So BE Semiconductor, for example in ASML 46 00:02:43,160 --> 00:02:46,000 Speaker 1: were in positive territory today and that is because they 47 00:02:46,440 --> 00:02:50,359 Speaker 1: were reacting to a very positive outlook for Micron Technology 48 00:02:50,400 --> 00:02:54,160 Speaker 1: over in the US. So Micron makes computer memory chips 49 00:02:54,160 --> 00:02:56,880 Speaker 1: and it provided a very upbeat outlook last night. It 50 00:02:56,960 --> 00:02:59,680 Speaker 1: said that the AI rush, that AI boom was really 51 00:02:59,680 --> 00:03:03,720 Speaker 1: amaze benefit for them, and so that is translating into 52 00:03:03,960 --> 00:03:07,640 Speaker 1: a boost for some of those semiconductor equipment makers that 53 00:03:07,760 --> 00:03:11,040 Speaker 1: are supplies to Micron. So that includes, for example, as 54 00:03:11,040 --> 00:03:14,680 Speaker 1: I mentioned, BE Semi and ASML. This is quite good 55 00:03:14,720 --> 00:03:19,040 Speaker 1: news because just yesterday we had actually a negative news 56 00:03:19,040 --> 00:03:23,600 Speaker 1: flow for that sector, where we had ASM International cutting 57 00:03:23,639 --> 00:03:26,520 Speaker 1: its outlook for the second half of the year due 58 00:03:26,560 --> 00:03:29,079 Speaker 1: to weaker than expected demand. So it seems to have 59 00:03:29,320 --> 00:03:34,200 Speaker 1: to be some contradictory sort of trends happening in that 60 00:03:34,480 --> 00:03:37,320 Speaker 1: semiconductor market that is sending the shares kind of up 61 00:03:37,320 --> 00:03:39,880 Speaker 1: and down depending on the day. So we'll have a 62 00:03:39,880 --> 00:03:42,920 Speaker 1: look at what the third quarter ending season says about 63 00:03:42,920 --> 00:03:44,560 Speaker 1: that outlook for all of those companies. 64 00:03:45,200 --> 00:03:49,440 Speaker 3: Okay, so that's Semiconductors and to Travel on the Beach, 65 00:03:49,600 --> 00:03:51,680 Speaker 3: How did there summer look? What are they expecting? 66 00:03:52,040 --> 00:03:54,560 Speaker 1: Yeah, so on the Beach is a provider of package 67 00:03:54,600 --> 00:03:56,680 Speaker 1: holidays for those who've not used it before, I haven't, 68 00:03:57,120 --> 00:03:59,400 Speaker 1: but it is having a quite tough time this morning. 69 00:03:59,400 --> 00:04:01,520 Speaker 1: The show is really plumited, and that is because their 70 00:04:01,560 --> 00:04:05,600 Speaker 1: profit guidance, missed estimates are disappointed investors. So it said 71 00:04:05,600 --> 00:04:07,680 Speaker 1: that I actually had a solid summer this summer, with 72 00:04:07,720 --> 00:04:10,600 Speaker 1: bookings ahead of last year and then also ahead of 73 00:04:10,640 --> 00:04:14,400 Speaker 1: that wider package holiday market. It also said that winter 74 00:04:14,440 --> 00:04:18,720 Speaker 1: bookings were tracking ahead, so everything is fine there, but 75 00:04:18,760 --> 00:04:20,599 Speaker 1: where things start to get a little bit tougher for 76 00:04:20,640 --> 00:04:23,919 Speaker 1: them is actually for next summer. So it noted a 77 00:04:23,960 --> 00:04:28,400 Speaker 1: trend towards later bookings, which was already mentioned by Jed two. 78 00:04:28,520 --> 00:04:32,120 Speaker 1: They mentioned that people just go and buy their tickets 79 00:04:32,200 --> 00:04:34,159 Speaker 1: more and more last minute, and that is obviously having 80 00:04:34,400 --> 00:04:37,479 Speaker 1: an impact on that visibility for those companies, and it 81 00:04:37,560 --> 00:04:40,120 Speaker 1: really seems to reflect that kind of lack of consumer 82 00:04:40,440 --> 00:04:43,120 Speaker 1: confidence that doesn't seem to be getting any better. 83 00:04:44,520 --> 00:04:48,560 Speaker 2: The stock movers report from Bloomberg Radio. Check back with 84 00:04:48,640 --> 00:04:51,200 Speaker 2: us throughout the day for the latest roundup of companies 85 00:04:51,279 --> 00:04:54,360 Speaker 2: making news on Wall Street, and for the latest market 86 00:04:54,400 --> 00:04:58,839 Speaker 2: moving headlines. 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