1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios podcasts, Radio News. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,600 --> 00:00:19,320 Speaker 2: Let's get a look at some of the stocks on 5 00:00:19,360 --> 00:00:21,599 Speaker 2: the move today on Paul Sweeney along with Normal Linden. 6 00:00:21,640 --> 00:00:25,279 Speaker 1: We're joined by Bloomberg News Cross Asset Reporter. They need Sokova, 7 00:00:25,320 --> 00:00:26,840 Speaker 1: they needs So what are you looking at today? Let's 8 00:00:26,840 --> 00:00:30,280 Speaker 1: start with the banks and Goldman first. So banks are 9 00:00:30,280 --> 00:00:32,800 Speaker 1: gaining in pre micros on Monday. Obviously, the stress test 10 00:00:32,880 --> 00:00:36,080 Speaker 1: results came out late on Friday, but they're really good 11 00:00:36,200 --> 00:00:40,320 Speaker 1: and the banks passed with a strong margin. Why Goldman 12 00:00:40,440 --> 00:00:42,520 Speaker 1: is of the most among the banks. City is saying 13 00:00:42,560 --> 00:00:45,360 Speaker 1: that Goldman is the big winner. They passed the stress 14 00:00:45,440 --> 00:00:49,120 Speaker 1: test and that buffers everyone is looking at. Their improvement 15 00:00:49,280 --> 00:00:52,440 Speaker 1: was much larger than expected. The stock is up two percent. 16 00:00:52,560 --> 00:00:56,600 Speaker 1: The ticker, of course, is GS. The optimism is not 17 00:00:57,160 --> 00:01:01,639 Speaker 1: just City. We has RBC raising their target this year. 18 00:01:01,720 --> 00:01:03,800 Speaker 1: The test has been a little bit less rigorous. Some 19 00:01:03,880 --> 00:01:07,120 Speaker 1: of the requirements have been lower, and that can actually 20 00:01:07,959 --> 00:01:11,720 Speaker 1: lower capital requirements, which would likely boost dividends and share 21 00:01:11,760 --> 00:01:14,880 Speaker 1: boy bags. There is a lot of optimisms for the industry. 22 00:01:14,920 --> 00:01:18,320 Speaker 1: We had a note from Mike Mayo recently saying that 23 00:01:18,440 --> 00:01:22,240 Speaker 1: the milk deal making has been strong. We've had elevated 24 00:01:22,280 --> 00:01:27,200 Speaker 1: interest rates. Obviously regulation is losing, so banks have been 25 00:01:27,200 --> 00:01:31,199 Speaker 1: doing quite well. Goldmand just hit a record high last 26 00:01:31,480 --> 00:01:34,679 Speaker 1: week and it's up twenty percent year to date, so 27 00:01:34,959 --> 00:01:36,400 Speaker 1: very strong perfose City. 28 00:01:36,160 --> 00:01:38,479 Speaker 2: I mean even cities up twenty percent year to date, 29 00:01:38,560 --> 00:01:40,959 Speaker 2: so I mean that's finding some thirty four percent over 30 00:01:41,000 --> 00:01:44,040 Speaker 2: the last twelve months, so that's been a beat downstock forever. 31 00:01:44,280 --> 00:01:46,279 Speaker 3: Yes, speaking of City Group, they actually said that Goldman 32 00:01:46,360 --> 00:01:49,160 Speaker 3: is the best position to benefit from the deregulation and 33 00:01:49,400 --> 00:01:52,240 Speaker 3: really the stress tests. They are saying that it shows that 34 00:01:52,520 --> 00:01:55,400 Speaker 3: it's a clear demarcation that regulation is becoming less honorous, 35 00:01:55,520 --> 00:01:58,360 Speaker 3: less volatile, and more transparent. So of course it's a 36 00:01:58,400 --> 00:02:01,640 Speaker 3: good boost for banks. Here. What's going on at Circle. 37 00:02:01,560 --> 00:02:04,520 Speaker 1: For sure, continuing with their regulation. We're going to talk 38 00:02:04,600 --> 00:02:08,080 Speaker 1: naturally about stable coin. Circle was actually down in pre 39 00:02:08,160 --> 00:02:12,800 Speaker 1: market trading. It comes after JP Morgan initiated coverage, but 40 00:02:12,880 --> 00:02:16,800 Speaker 1: it actually gave an underweight recommendation. It's cited valuation that 41 00:02:16,960 --> 00:02:20,800 Speaker 1: is way beyond the confort zone. The ticker is CrCL, 42 00:02:21,120 --> 00:02:24,000 Speaker 1: but the stock is now up about five percent, which 43 00:02:24,040 --> 00:02:29,240 Speaker 1: I think talks about how resilient this newly ipol company 44 00:02:29,240 --> 00:02:32,119 Speaker 1: has been. Just an incredible rally. Stock is about five 45 00:02:32,200 --> 00:02:35,400 Speaker 1: hundred percent, the IPOs one hundred and sixty eight percent. 46 00:02:35,440 --> 00:02:38,040 Speaker 1: I have so many three digit numbers I can quote 47 00:02:38,080 --> 00:02:40,639 Speaker 1: to you. It just never ends. But going back to 48 00:02:40,720 --> 00:02:45,280 Speaker 1: JP Morgan, they see the risks of rising competition. Circle 49 00:02:45,320 --> 00:02:47,960 Speaker 1: will still do well. But the press tager they place 50 00:02:48,160 --> 00:02:51,160 Speaker 1: is eighty dollors. The stock is currently trading at about 51 00:02:51,400 --> 00:02:56,200 Speaker 1: one hundred and eighty seven, so really big downside there. 52 00:02:56,800 --> 00:03:00,800 Speaker 1: Barkley's actually is more optimistic. They have overweighted late rating. 53 00:03:00,919 --> 00:03:04,960 Speaker 1: We have all those legislation moving through Washington, so we 54 00:03:05,040 --> 00:03:09,560 Speaker 1: have a friendly crypto administration for now. So overall things 55 00:03:09,600 --> 00:03:11,799 Speaker 1: are going well for the company. Up five hundred percent 56 00:03:11,919 --> 00:03:13,440 Speaker 1: year today since the ipeo. 57 00:03:13,560 --> 00:03:17,000 Speaker 2: I mean thirty one dollars IPO price just amazing, all right. 58 00:03:17,000 --> 00:03:17,519 Speaker 2: On one. 59 00:03:17,800 --> 00:03:21,720 Speaker 1: Yeah, Disney much more rally. They're up one percent today. 60 00:03:22,000 --> 00:03:26,600 Speaker 1: The ticker is DYS. It's coming off an upgrade. At 61 00:03:26,680 --> 00:03:30,120 Speaker 1: Jeffrey's there is a lot of optimism, seeing limited risk 62 00:03:30,200 --> 00:03:35,560 Speaker 1: for slowdown, more positive upside to cruise. There also have 63 00:03:35,840 --> 00:03:39,440 Speaker 1: a new boost from Epic Universe, its own new park 64 00:03:39,520 --> 00:03:43,320 Speaker 1: in Central Florida. They have new exciting releases like Avatar 65 00:03:43,440 --> 00:03:47,000 Speaker 1: three that are expected to boost revenue. We also had 66 00:03:47,040 --> 00:03:51,119 Speaker 1: an upgrade, not an upgrade, but higher target from Gillingheim Securities, 67 00:03:51,280 --> 00:03:53,840 Speaker 1: so there is a lot of optimism about the stock 68 00:03:54,040 --> 00:03:56,920 Speaker 1: over all. The business more broadly, and Disney is up 69 00:03:57,000 --> 00:03:59,600 Speaker 1: eleven percent year today, which is a very strong start 70 00:03:59,600 --> 00:04:00,000 Speaker 1: of the year. 71 00:04:01,160 --> 00:04:05,520 Speaker 2: The Stockmovers podcast from Bloomberg Radio. Check back with us 72 00:04:05,520 --> 00:04:08,440 Speaker 2: throughout the day for the latest roundup of companies making 73 00:04:08,520 --> 00:04:12,080 Speaker 2: news on Wall Street and for the latest market moving headlines. 74 00:04:12,240 --> 00:04:16,200 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 75 00:04:16,240 --> 00:04:19,039 Speaker 2: dot com, and on Applecarplay and Android Auto with the 76 00:04:19,080 --> 00:04:20,440 Speaker 2: Bloomberg Business app.