WEBVTT - Goldman Sachs Rises, Applied Materials Jumps, Coinbase Falls After Senate Crypto Bill Delayed

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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 2>to discuss.

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<v Speaker 1>Stocks on the move and companies to watch. We have

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<v Speaker 1>Noura Melinda Bloomberg, Television Markets correspondent correspondent with us Nora,

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<v Speaker 1>what are you watching?

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<v Speaker 3>Well, let's just take a look at Goldman Sachs. We've

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<v Speaker 3>been talking about this a lot. This is taker GS.

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<v Speaker 3>Of course, we're seeing bank earnings continuing as we push

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<v Speaker 3>through this earning season. We're seeing shares of this company

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<v Speaker 3>up as much as three point eight percent. This is

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<v Speaker 3>after it posted an all time high, an all time

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<v Speaker 3>Wall Street record of four point three one billion dollars

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<v Speaker 3>in equities trading revenue in the last three months of

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<v Speaker 3>the year. Of course, we're really just also still continuing

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<v Speaker 3>to keep our eyes on expenses because we've been hearing

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<v Speaker 3>this from a lot of other bank companies. There's been

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<v Speaker 3>a lot of scrutiny as to how much they're spending.

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<v Speaker 3>Of course, we talked about some of the names earlier

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<v Speaker 3>this week that we're spending a lot on severance packages.

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<v Speaker 3>Of course, we've got job cuts. So some analysts are

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<v Speaker 3>also pointing toward one possible dark spot for Goldman Sachs

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<v Speaker 3>potentially being expenses. But all in all, it seems is

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<v Speaker 3>so the Wall Street is really receptive and taking this well, okay,

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<v Speaker 3>next on your list, looking at applied materials. Of course,

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<v Speaker 3>this is ticker Amat. Shares of this company are up

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<v Speaker 3>as much more than nine percent, as much as nine percent. This,

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<v Speaker 3>of course is after Barclays upgraded the company to overweight

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<v Speaker 3>from equal weight. They're saying to the chip makers also

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<v Speaker 3>getting a boost from t SMC, which did set a

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<v Speaker 3>bullish capital spending target, and that's really been signaling broad

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<v Speaker 3>based demand for AI chip companies more broadly. So you

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<v Speaker 3>are seeing a lot of those tech stocks hire. Take

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<v Speaker 3>a look at the sp five hundred and we've got

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<v Speaker 3>information technology as the best performing group and Nora.

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<v Speaker 1>You're also watching coinbas.

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<v Speaker 3>Absolutely so this is ticker coin pretty easy there we're

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<v Speaker 3>seeing shares following more than four percent right now down

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<v Speaker 3>three point eight percent, But this is after the US

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<v Speaker 3>Senate Banking Committee the de laatest discussion of the Crypto

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<v Speaker 3>Market Structure Bill. So coinbase polled support of the bill

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<v Speaker 3>due to its limits on stable coin rewards.

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

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