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 2: to discuss.
Speaker 1: Stocks on the move and companies to watch. We have
Speaker 1: Noura Melinda Bloomberg, Television Markets correspondent correspondent with us Nora,
Speaker 1: what are you watching?
Speaker 3: Well, let's just take a look at Goldman Sachs. We've
Speaker 3: been talking about this a lot. This is taker GS.
Speaker 3: Of course, we're seeing bank earnings continuing as we push
Speaker 3: through this earning season. We're seeing shares of this company
Speaker 3: up as much as three point eight percent. This is
Speaker 3: after it posted an all time high, an all time
Speaker 3: Wall Street record of four point three one billion dollars
Speaker 3: in equities trading revenue in the last three months of
Speaker 3: the year. Of course, we're really just also still continuing
Speaker 3: to keep our eyes on expenses because we've been hearing
Speaker 3: this from a lot of other bank companies. There's been
Speaker 3: a lot of scrutiny as to how much they're spending.
Speaker 3: Of course, we talked about some of the names earlier
Speaker 3: this week that we're spending a lot on severance packages.
Speaker 3: Of course, we've got job cuts. So some analysts are
Speaker 3: also pointing toward one possible dark spot for Goldman Sachs
Speaker 3: potentially being expenses. But all in all, it seems is
Speaker 3: so the Wall Street is really receptive and taking this well, okay,
Speaker 3: next on your list, looking at applied materials. Of course,
Speaker 3: this is ticker Amat. Shares of this company are up
Speaker 3: as much more than nine percent, as much as nine percent. This,
Speaker 3: of course is after Barclays upgraded the company to overweight
Speaker 3: from equal weight. They're saying to the chip makers also
Speaker 3: getting a boost from t SMC, which did set a
Speaker 3: bullish capital spending target, and that's really been signaling broad
Speaker 3: based demand for AI chip companies more broadly. So you
Speaker 3: are seeing a lot of those tech stocks hire. Take
Speaker 3: a look at the sp five hundred and we've got
Speaker 3: information technology as the best performing group and Nora.
Speaker 1: You're also watching coinbas.
Speaker 3: Absolutely so this is ticker coin pretty easy there we're
Speaker 3: seeing shares following more than four percent right now down
Speaker 3: three point eight percent, But this is after the US
Speaker 3: Senate Banking Committee the de laatest discussion of the Crypto
Speaker 3: Market Structure Bill. So coinbase polled support of the bill
Speaker 3: due to its limits on stable coin rewards.
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