1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:18,000 --> 00:00:19,960 Speaker 1: Time now to check in on some of the stocks 5 00:00:20,120 --> 00:00:22,239 Speaker 1: on the move. I'm Stephen Caraw with Lizzie Burden and 6 00:00:22,320 --> 00:00:24,520 Speaker 1: our recordys bort To. Joe Easton has a look at 7 00:00:24,520 --> 00:00:28,440 Speaker 1: the stocks to watch this morning. Joe, let's start with 8 00:00:28,600 --> 00:00:31,280 Speaker 1: the news out of some drug makers today. 9 00:00:31,480 --> 00:00:35,760 Speaker 3: Yes, so Noaenorous. Firstly, it's pretty difficult one to gage. Actually, 10 00:00:35,760 --> 00:00:39,120 Speaker 3: the stock gaining around five percent. The company did downgrade 11 00:00:39,159 --> 00:00:42,360 Speaker 3: its sales guidance, so it's predicting sales up around twenty percent. 12 00:00:42,440 --> 00:00:46,559 Speaker 3: That's pretty well below what analysts we're expecting. However, the 13 00:00:46,560 --> 00:00:50,120 Speaker 3: stock is gaining now. A lot of this seems to 14 00:00:50,159 --> 00:00:52,640 Speaker 3: be due to the fact that competition for its main 15 00:00:52,720 --> 00:00:57,360 Speaker 3: obesity drugs is potentially going to subside later this year. 16 00:00:57,440 --> 00:01:00,360 Speaker 3: According to analysts of the company's face, it's a lot 17 00:01:00,400 --> 00:01:04,080 Speaker 3: of competition for its GLP one drugs where we're seeing 18 00:01:04,200 --> 00:01:07,520 Speaker 3: kind of copycats in the US made by other companies 19 00:01:07,520 --> 00:01:10,760 Speaker 3: coming in and cutting the market. So it's had a 20 00:01:10,760 --> 00:01:13,080 Speaker 3: few traded scratching their heads this morning because most of 21 00:01:13,120 --> 00:01:16,120 Speaker 3: them were calling it lower on that competition worry, but 22 00:01:16,160 --> 00:01:19,240 Speaker 3: the stock gaining potentially just people were kind of pricing 23 00:01:19,280 --> 00:01:21,600 Speaker 3: this in ahead of the report. The stock had fallen 24 00:01:21,640 --> 00:01:24,360 Speaker 3: around fifty percent over the past year. Potentially, it's kind 25 00:01:24,360 --> 00:01:28,600 Speaker 3: of priced in. But Novo actually outperforming and giving us 26 00:01:28,600 --> 00:01:30,479 Speaker 3: all a bit of a difficult morning today. And you're 27 00:01:30,480 --> 00:01:34,039 Speaker 3: also watching the shipping stocks, Joe, So shipping this is 28 00:01:34,080 --> 00:01:38,240 Speaker 3: another strange one because shipping stocks are lower today. This 29 00:01:38,360 --> 00:01:41,279 Speaker 3: is after Trump has said that the US will stop 30 00:01:41,440 --> 00:01:45,760 Speaker 3: striking who the rebels after Oman broke at a deal. Now, 31 00:01:45,760 --> 00:01:48,840 Speaker 3: the rebels had of course been hitting ships traveling through 32 00:01:48,880 --> 00:01:51,400 Speaker 3: the Red Sea in a retaliation because of the war 33 00:01:51,440 --> 00:01:54,600 Speaker 3: that's going on in the Middle East. Now Trump announcing 34 00:01:54,720 --> 00:01:58,080 Speaker 3: last night that the US strikes will stop, and that 35 00:01:58,200 --> 00:02:02,200 Speaker 3: means that potentially ship will be able to begin passing 36 00:02:02,280 --> 00:02:06,280 Speaker 3: through the Suez Canal at some point and avoid that 37 00:02:06,400 --> 00:02:10,040 Speaker 3: long journey around Africa, and therefore shipping rates come down. 38 00:02:10,160 --> 00:02:14,359 Speaker 3: Shipping companies charged less for transporting goods but actually make 39 00:02:14,480 --> 00:02:17,120 Speaker 3: less of a profit in doing so. Therefore, ap molomersk 40 00:02:17,360 --> 00:02:20,160 Speaker 3: down around six percent, one of the worst performing stocks 41 00:02:20,280 --> 00:02:23,920 Speaker 3: in European trading today. What else he watching today, Joe, So, 42 00:02:24,000 --> 00:02:29,040 Speaker 3: I'm watching BMW because BMW Actually again it's another one 43 00:02:29,120 --> 00:02:31,640 Speaker 3: that's really kind of keeping me in a job really 44 00:02:31,680 --> 00:02:34,600 Speaker 3: because it's going the wrong way to what everyone expected 45 00:02:34,720 --> 00:02:34,920 Speaker 3: to do. 46 00:02:35,040 --> 00:02:35,200 Speaker 2: Now. 47 00:02:35,280 --> 00:02:39,880 Speaker 3: BMW reporting sales down around twenty percent in the last course. 48 00:02:40,560 --> 00:02:42,960 Speaker 3: Everyone said it was really negative. This is because of 49 00:02:43,000 --> 00:02:47,640 Speaker 3: competition over in China, but actually the stock is actually 50 00:02:47,639 --> 00:02:49,440 Speaker 3: around three and a half percent higher at the moment. 51 00:02:49,800 --> 00:02:55,800 Speaker 3: Analysts writing over at jeffries that essentially, while the capital 52 00:02:55,840 --> 00:02:58,600 Speaker 3: expenditure does look high at the company, the margins are 53 00:02:58,600 --> 00:03:02,440 Speaker 3: actually holding up. Bites drop in sales due to all 54 00:03:02,440 --> 00:03:05,680 Speaker 3: those cheap electric vehicles coming in from China taking the 55 00:03:05,720 --> 00:03:08,840 Speaker 3: market share, the margins are looking pretty strong as that 56 00:03:08,960 --> 00:03:12,480 Speaker 3: they rain in their capex spending. So BMWs doc gaining 57 00:03:12,520 --> 00:03:14,720 Speaker 3: around three percent today. One of the best performers in 58 00:03:14,760 --> 00:03:16,119 Speaker 3: the Ausoes this morning. 59 00:03:17,080 --> 00:03:21,240 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 60 00:03:21,320 --> 00:03:24,079 Speaker 2: us throughout the day for the latest roundup of companies 61 00:03:24,120 --> 00:03:27,160 Speaker 2: making news on Wall Street and for the latest market 62 00:03:27,200 --> 00:03:31,560 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 63 00:03:31,600 --> 00:03:34,840 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 64 00:03:34,920 --> 00:03:36,400 Speaker 2: the Bloomberg Business App.