1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,440 --> 00:00:18,200 Speaker 3: Let's say a close to look at the stocks on 5 00:00:18,239 --> 00:00:20,479 Speaker 3: the move today here in Europe. I'm Caroline Hepge with 6 00:00:20,600 --> 00:00:23,720 Speaker 3: Lizzie Burden, and we're joined by Bloomberg reporter Chloe Malay. 7 00:00:24,239 --> 00:00:28,200 Speaker 3: Today we're looking at big defense stocks hire this morning. 8 00:00:28,480 --> 00:00:33,360 Speaker 3: Who are you tracking and amidst of course a broader. 9 00:00:32,920 --> 00:00:35,680 Speaker 1: Move Yeah, absolutely, This is all of course on the 10 00:00:35,680 --> 00:00:38,600 Speaker 1: back of the Venezuela situation, and we are seeing at 11 00:00:38,640 --> 00:00:41,360 Speaker 1: the defense industry having a really strong showing this morning 12 00:00:41,400 --> 00:00:44,559 Speaker 1: with with Ryan Mittau almost almost seven percent, but then 13 00:00:44,840 --> 00:00:47,879 Speaker 1: also really positive moves for Leonardo Hensalt, all of those 14 00:00:47,960 --> 00:00:52,080 Speaker 1: names also up this morning. We're seeing a heightened geopolitical tensions. 15 00:00:52,120 --> 00:00:55,400 Speaker 1: There's of course uncertainty about what the next moves from 16 00:00:55,400 --> 00:00:57,720 Speaker 1: Trump are going to be, in certainty of what about 17 00:00:57,720 --> 00:01:00,360 Speaker 1: what that means for Cuba and for Greenland, and all 18 00:01:00,400 --> 00:01:04,440 Speaker 1: of that turmoil is leading investors to kind of rush 19 00:01:04,480 --> 00:01:07,679 Speaker 1: towards those defense stocks, with the expectation being that all 20 00:01:07,720 --> 00:01:11,240 Speaker 1: of those tensions will lead to more defense as spending, 21 00:01:11,280 --> 00:01:13,679 Speaker 1: and that's of course great news for the companies that 22 00:01:13,800 --> 00:01:16,959 Speaker 1: make weapons. And this follows an enter twenty twenty five 23 00:01:17,040 --> 00:01:19,600 Speaker 1: for the defense industry that was kind of up and 24 00:01:19,640 --> 00:01:22,039 Speaker 1: down because there was obviously a lot of progress that 25 00:01:22,120 --> 00:01:24,399 Speaker 1: had been made on the piece deal in Ukraine and 26 00:01:24,440 --> 00:01:28,400 Speaker 1: that had sent shares lower across the board for that sector. 27 00:01:28,440 --> 00:01:30,840 Speaker 1: But now we're starting the year with kind of renewed 28 00:01:31,000 --> 00:01:33,959 Speaker 1: turbulence and that means that there's probably further to go 29 00:01:34,120 --> 00:01:37,480 Speaker 1: for Rye, Matausches and all of those peers as well. 30 00:01:37,280 --> 00:01:40,240 Speaker 3: And Chlorine perhaps on the same theme, but a different sector. 31 00:01:40,720 --> 00:01:43,520 Speaker 3: Drill down for us Why the miners are doing so well. 32 00:01:43,600 --> 00:01:45,800 Speaker 1: Yeah, it's a very similar dynamic here for minors where 33 00:01:45,800 --> 00:01:50,160 Speaker 1: we have got geopolitical tensions being always kind of positive 34 00:01:50,200 --> 00:01:52,800 Speaker 1: for those for names like glen Core, for as Neo, etc. 35 00:01:53,600 --> 00:01:56,240 Speaker 1: Because the kind of global turmoil that we see now 36 00:01:56,320 --> 00:01:59,720 Speaker 1: is pushing investors to parer money into safe haven's like 37 00:02:00,000 --> 00:02:03,040 Speaker 1: silver and gold, and that's in turn boosting the price 38 00:02:03,120 --> 00:02:05,720 Speaker 1: for precious metals and in turn, of course that's great 39 00:02:05,720 --> 00:02:08,960 Speaker 1: news for miners and for a company like Fresneo in particular. 40 00:02:09,440 --> 00:02:12,240 Speaker 1: We've been talking a lot lately about that company, because 41 00:02:12,480 --> 00:02:15,680 Speaker 1: it's in the really interesting position of being specifically a 42 00:02:15,720 --> 00:02:18,280 Speaker 1: gold and silver minor at a time when gold and 43 00:02:18,320 --> 00:02:21,960 Speaker 1: silver are rising very very strongly. Gold has just posted 44 00:02:22,000 --> 00:02:25,560 Speaker 1: its best annual performance since nineteen seventy nine. It hit 45 00:02:25,760 --> 00:02:29,320 Speaker 1: record after record in twenty twenty five, and now, of course, 46 00:02:29,360 --> 00:02:32,920 Speaker 1: with this Venezuela situation, we're seeing kind of another boost 47 00:02:33,200 --> 00:02:35,640 Speaker 1: for those precious metals, and that's a big boost as 48 00:02:35,680 --> 00:02:38,799 Speaker 1: well for Fresno. For context, the shares rose about four 49 00:02:38,840 --> 00:02:41,480 Speaker 1: hundred and fifty twenty twenty five for their company. So 50 00:02:41,800 --> 00:02:44,639 Speaker 1: let's see what the ceiling is actually there for for Reresnio. 51 00:02:45,000 --> 00:02:48,080 Speaker 3: Okay, well, the markets also seem to have some New 52 00:02:48,160 --> 00:02:51,840 Speaker 3: Year's resolutions. Maybe buy more chips is one. 53 00:02:52,160 --> 00:02:55,119 Speaker 1: Yeah, absolutely, and that's good news for ASML, which rose 54 00:02:55,120 --> 00:02:58,560 Speaker 1: that morning quite strongly as well to actually to a record, 55 00:02:58,560 --> 00:03:01,280 Speaker 1: and that's because of a couple of things. But first, 56 00:03:01,360 --> 00:03:05,240 Speaker 1: we had an upgrade from Bernstein analysts saying that ASML 57 00:03:05,240 --> 00:03:07,639 Speaker 1: will benefit a lot from a memory chip demand, which 58 00:03:07,680 --> 00:03:10,840 Speaker 1: is of course driven by AI. But ASML is also 59 00:03:11,200 --> 00:03:13,600 Speaker 1: riding the wave of quite a lot of enthusiasm in 60 00:03:13,639 --> 00:03:16,800 Speaker 1: general for tech and AI stocks. This morning. There's still 61 00:03:16,840 --> 00:03:20,320 Speaker 1: concerns about the AI bubble, but investors are still continuing 62 00:03:20,320 --> 00:03:23,000 Speaker 1: to put money into that AI theme. That we saw 63 00:03:23,400 --> 00:03:27,880 Speaker 1: TSMC shares in particular, for example, rallying massively after Goldman 64 00:03:27,960 --> 00:03:31,200 Speaker 1: Sex lifted the price target by thirty five percent for 65 00:03:31,280 --> 00:03:34,120 Speaker 1: that company, saying that AI will be really a multi 66 00:03:34,160 --> 00:03:37,520 Speaker 1: year growth engine for TSMC, and ASML is a big 67 00:03:37,560 --> 00:03:40,440 Speaker 1: supplier to that company. So there always tends to be 68 00:03:40,480 --> 00:03:43,240 Speaker 1: that kind of reader cross where if TSMC is in 69 00:03:43,240 --> 00:03:45,920 Speaker 1: a good spot and has kinds of years of growth ahead, 70 00:03:46,000 --> 00:03:48,600 Speaker 1: then that bodes really well for ASML, and so we 71 00:03:48,640 --> 00:03:50,400 Speaker 1: are seeing that reflected in those chests. 72 00:03:51,680 --> 00:03:55,720 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 73 00:03:55,800 --> 00:03:58,360 Speaker 2: us throughout the day for the latest roundup of companies 74 00:03:58,440 --> 00:04:01,520 Speaker 2: making news on Wall Street and for the latest market 75 00:04:01,560 --> 00:04:06,040 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 76 00:04:06,120 --> 00:04:09,600 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 77 00:04:09,680 --> 00:04:11,160 Speaker 2: the Bloomberg Business app.