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 00:00:18,560 --> 00:00:20,479 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:20,480 --> 00:00:23,799 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Critty Gupta on a 6 00:00:23,840 --> 00:00:29,040 Speaker 3: morning of geopolitical risk following Israel's strikes on Irran. Commodities 7 00:00:29,240 --> 00:00:33,160 Speaker 3: focused stocks and the defense sector are in focus this morning. 8 00:00:33,200 --> 00:00:35,240 Speaker 1: Certainly, Critty, good morning, Nathan. 9 00:00:35,280 --> 00:00:38,720 Speaker 4: It absolutely is a risk off sentiment across the board. 10 00:00:39,000 --> 00:00:40,600 Speaker 1: Almost every stock in the S. 11 00:00:40,600 --> 00:00:42,800 Speaker 4: And P five hundred is in the red, save the 12 00:00:42,840 --> 00:00:45,199 Speaker 4: sectors you just talked about. So I think it's work 13 00:00:45,320 --> 00:00:47,239 Speaker 4: just going straight there to tell you what's not in 14 00:00:47,280 --> 00:00:49,360 Speaker 4: the red this morning. And right at the top of 15 00:00:49,360 --> 00:00:51,720 Speaker 4: the gate is orright top of the pile, I should say, 16 00:00:52,080 --> 00:00:55,000 Speaker 4: is the defense stocks. So Raytheon, for example, is top 17 00:00:55,160 --> 00:00:58,360 Speaker 4: of it. Hire by about clump six percent here treating 18 00:00:58,360 --> 00:00:59,960 Speaker 4: out about one hundred and forty eight dollars a sh 19 00:01:00,040 --> 00:01:03,120 Speaker 4: share this morning. OURTX is your ticker. It's joined right 20 00:01:03,160 --> 00:01:06,160 Speaker 4: at the top with Lockheed Martin. LMT is your ticker, 21 00:01:06,240 --> 00:01:08,360 Speaker 4: hired by about five percent trading at four hundred and 22 00:01:08,400 --> 00:01:10,440 Speaker 4: ninety three dollars a share, And I do want to 23 00:01:10,480 --> 00:01:13,600 Speaker 4: flag very quickly that although it is a defense first 24 00:01:13,760 --> 00:01:15,760 Speaker 4: kind of day, and we've seen that with the news flow, 25 00:01:16,040 --> 00:01:19,120 Speaker 4: Traditionally when you have those kind of headlines, Boeing would 26 00:01:19,160 --> 00:01:21,039 Speaker 4: be up there as well. But we know because of 27 00:01:21,080 --> 00:01:23,800 Speaker 4: the Air India crash that our colleague Michael Barb was 28 00:01:23,840 --> 00:01:26,679 Speaker 4: just talking about, those shares are actually lower. So BA 29 00:01:26,760 --> 00:01:29,319 Speaker 4: is your ticker down about one point two percent this morning, 30 00:01:29,480 --> 00:01:32,000 Speaker 4: two hundred and one dollars a share, not taking part 31 00:01:32,240 --> 00:01:34,720 Speaker 4: of the rally you are seeing in the defense sector. 32 00:01:34,760 --> 00:01:36,480 Speaker 4: But Nathan, you mentioned in oil as well, and I 33 00:01:36,480 --> 00:01:39,840 Speaker 4: think that's important. You had a thirteen percent increase in 34 00:01:39,920 --> 00:01:42,200 Speaker 4: oil prices this morning when I woke up. That is 35 00:01:42,240 --> 00:01:44,479 Speaker 4: of course paired, but certainly showed up in a big 36 00:01:44,480 --> 00:01:45,280 Speaker 4: way when it comes. 37 00:01:45,120 --> 00:01:46,640 Speaker 1: To those energy exposed stocks. 38 00:01:46,840 --> 00:01:50,960 Speaker 4: So, for example, Exon is a great, great number company 39 00:01:50,960 --> 00:01:54,160 Speaker 4: to look at, right alongside Chevron. XOM is your ticker 40 00:01:54,200 --> 00:01:57,160 Speaker 4: for Exxon, hired by about three point seven percent this morning, 41 00:01:57,440 --> 00:02:00,240 Speaker 4: trading at one hundred and thirteen dollars a share, where 42 00:02:00,920 --> 00:02:02,880 Speaker 4: Chevron is higher as well, by about three and a 43 00:02:02,920 --> 00:02:07,120 Speaker 4: half percent. CVX is your ticker higher by like I said, 44 00:02:07,120 --> 00:02:08,519 Speaker 4: three and a half percent, trading on one hundred and 45 00:02:08,560 --> 00:02:11,160 Speaker 4: fifty dollars a share. I should mention that in the 46 00:02:11,160 --> 00:02:13,520 Speaker 4: commodity sector, you're seeing a lot of the shale players 47 00:02:14,000 --> 00:02:16,160 Speaker 4: moving in quite a big way, hire by three to 48 00:02:16,200 --> 00:02:18,679 Speaker 4: four percent. And the reason this is significant if you 49 00:02:18,720 --> 00:02:20,760 Speaker 4: look at the oil price. Forgiving me, Nathan, just to 50 00:02:20,840 --> 00:02:22,680 Speaker 4: nerd out for a moment, do you look at the 51 00:02:22,720 --> 00:02:26,520 Speaker 4: oil price, the geopolitical risk premium between Brent and IMEX, 52 00:02:26,639 --> 00:02:30,200 Speaker 4: aka the oil produced outside of the United States versus 53 00:02:30,200 --> 00:02:31,520 Speaker 4: the oil produced within the. 54 00:02:31,520 --> 00:02:33,560 Speaker 1: United States is actually very low. 55 00:02:33,600 --> 00:02:37,200 Speaker 4: And when you see that premium lower, or the difference lower, 56 00:02:37,480 --> 00:02:40,240 Speaker 4: it actually means good things for American oil companies. And 57 00:02:40,280 --> 00:02:42,079 Speaker 4: that's what you're seeing in this equity market right now 58 00:02:42,120 --> 00:02:44,680 Speaker 4: for Chevron and Exon, which of course are international companies, 59 00:02:44,840 --> 00:02:47,280 Speaker 4: but a lot of the companies like Marathon Petroleum for example, 60 00:02:47,400 --> 00:02:48,760 Speaker 4: or Conico Phillips that have. 61 00:02:48,800 --> 00:02:50,400 Speaker 1: A little bit more local exposure. 62 00:02:50,480 --> 00:02:53,760 Speaker 4: So you're really seeing some massive moves in the local 63 00:02:53,919 --> 00:02:56,359 Speaker 4: US energy sector as well. But in that same vein 64 00:02:56,680 --> 00:02:58,640 Speaker 4: of commodities, we should get a quick check on Numont 65 00:02:58,720 --> 00:03:01,840 Speaker 4: as well. A NEEM's the famous gold miner hire by 66 00:03:01,880 --> 00:03:05,280 Speaker 4: about one point three percent, trading at just shy fifty 67 00:03:05,320 --> 00:03:07,560 Speaker 4: seven dollars a share, so following again the gold price 68 00:03:07,760 --> 00:03:10,040 Speaker 4: that you are seeing in the broader session. 69 00:03:10,120 --> 00:03:11,880 Speaker 1: So lots of news there, Nathan. 70 00:03:12,200 --> 00:03:14,880 Speaker 4: When it comes to the geopolitics, I'll end very quickly 71 00:03:15,200 --> 00:03:17,440 Speaker 4: on an update. When it comes to US Steel, the 72 00:03:17,480 --> 00:03:20,040 Speaker 4: ticker is just the letter acts has nothing to do 73 00:03:20,080 --> 00:03:23,440 Speaker 4: with the geopolitics necessarily, but those shares are down about 74 00:03:23,440 --> 00:03:25,520 Speaker 4: five percent this morning, trading at fifty one dollars a 75 00:03:25,560 --> 00:03:29,480 Speaker 4: share on headlines and reports that it's deal with nip 76 00:03:29,480 --> 00:03:31,760 Speaker 4: On Steel may actually stall, and we know that there 77 00:03:31,760 --> 00:03:34,200 Speaker 4: has been a lot of momentum baked into that stock 78 00:03:34,600 --> 00:03:37,640 Speaker 4: with Donald Trump's support. Now for getting that Japanese investment 79 00:03:38,040 --> 00:03:40,800 Speaker 4: this time not really playing in that company's paper. 80 00:03:42,280 --> 00:03:46,400 Speaker 2: The Stock Movers podcast from Bloomberg Radio. 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