Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's say a close to look at the stocks on
Speaker 3: the move today here in Europe. I'm Caroline Hepge with
Speaker 3: Lizzie Burden, and we're joined by Bloomberg reporter Chloe Malay.
Speaker 3: Today we're looking at big defense stocks hire this morning.
Speaker 3: Who are you tracking and amidst of course a broader.
Speaker 1: Move Yeah, absolutely, This is all of course on the
Speaker 1: back of the Venezuela situation, and we are seeing at
Speaker 1: the defense industry having a really strong showing this morning
Speaker 1: with with Ryan Mittau almost almost seven percent, but then
Speaker 1: also really positive moves for Leonardo Hensalt, all of those
Speaker 1: names also up this morning. We're seeing a heightened geopolitical tensions.
Speaker 1: There's of course uncertainty about what the next moves from
Speaker 1: Trump are going to be, in certainty of what about
Speaker 1: what that means for Cuba and for Greenland, and all
Speaker 1: of that turmoil is leading investors to kind of rush
Speaker 1: towards those defense stocks, with the expectation being that all
Speaker 1: of those tensions will lead to more defense as spending,
Speaker 1: and that's of course great news for the companies that
Speaker 1: make weapons. And this follows an enter twenty twenty five
Speaker 1: for the defense industry that was kind of up and
Speaker 1: down because there was obviously a lot of progress that
Speaker 1: had been made on the piece deal in Ukraine and
Speaker 1: that had sent shares lower across the board for that sector.
Speaker 1: But now we're starting the year with kind of renewed
Speaker 1: turbulence and that means that there's probably further to go
Speaker 1: for Rye, Matausches and all of those peers as well.
Speaker 3: And Chlorine perhaps on the same theme, but a different sector.
Speaker 3: Drill down for us Why the miners are doing so well.
Speaker 1: Yeah, it's a very similar dynamic here for minors where
Speaker 1: we have got geopolitical tensions being always kind of positive
Speaker 1: for those for names like glen Core, for as Neo, etc.
Speaker 1: Because the kind of global turmoil that we see now
Speaker 1: is pushing investors to parer money into safe haven's like
Speaker 1: silver and gold, and that's in turn boosting the price
Speaker 1: for precious metals and in turn, of course that's great
Speaker 1: news for miners and for a company like Fresneo in particular.
Speaker 1: We've been talking a lot lately about that company, because
Speaker 1: it's in the really interesting position of being specifically a
Speaker 1: gold and silver minor at a time when gold and
Speaker 1: silver are rising very very strongly. Gold has just posted
Speaker 1: its best annual performance since nineteen seventy nine. It hit
Speaker 1: record after record in twenty twenty five, and now, of course,
Speaker 1: with this Venezuela situation, we're seeing kind of another boost
Speaker 1: for those precious metals, and that's a big boost as
Speaker 1: well for Fresno. For context, the shares rose about four
Speaker 1: hundred and fifty twenty twenty five for their company. So
Speaker 1: let's see what the ceiling is actually there for for Reresnio.
Speaker 3: Okay, well, the markets also seem to have some New
Speaker 3: Year's resolutions. Maybe buy more chips is one.
Speaker 1: Yeah, absolutely, and that's good news for ASML, which rose
Speaker 1: that morning quite strongly as well to actually to a record,
Speaker 1: and that's because of a couple of things. But first,
Speaker 1: we had an upgrade from Bernstein analysts saying that ASML
Speaker 1: will benefit a lot from a memory chip demand, which
Speaker 1: is of course driven by AI. But ASML is also
Speaker 1: riding the wave of quite a lot of enthusiasm in
Speaker 1: general for tech and AI stocks. This morning. There's still
Speaker 1: concerns about the AI bubble, but investors are still continuing
Speaker 1: to put money into that AI theme. That we saw
Speaker 1: TSMC shares in particular, for example, rallying massively after Goldman
Speaker 1: Sex lifted the price target by thirty five percent for
Speaker 1: that company, saying that AI will be really a multi
Speaker 1: year growth engine for TSMC, and ASML is a big
Speaker 1: supplier to that company. So there always tends to be
Speaker 1: that kind of reader cross where if TSMC is in
Speaker 1: a good spot and has kinds of years of growth ahead,
Speaker 1: then that bodes really well for ASML, and so we
Speaker 1: are seeing that reflected in those chests.
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