WEBVTT - LVMH Down, Rheinmetall Up, CVC Rises

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers podcast, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg data.

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<v Speaker 3>Let's take a look now at some stocks on the

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<v Speaker 3>move today in Europe. I'm Stephen Carroll and we're joined

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<v Speaker 3>by Bloomberg's equities reporter Joe Easton. Joe, good morning. We

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<v Speaker 3>have been watching drinks companies shares in Europe this morning,

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<v Speaker 3>this as China has issued a ruling in its anti

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<v Speaker 3>dumping probe into into EU. Brandy Imports tell us more.

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<v Speaker 1>Big news coming for the drink space, something that we've

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<v Speaker 1>been watching for a long time since you mentioned they're

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<v Speaker 1>China giving this update. They're going to slap these levees

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<v Speaker 1>on the drinks, specifically Brandy. Now potentially they're going to

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<v Speaker 1>be putting a duty ranging from twenty seven percent to

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<v Speaker 1>thirty five percent. Now, we actually saw a big drop

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<v Speaker 1>down in companies like Remy, Quantro Pernrico, Diagio, LVMA Chieven.

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<v Speaker 1>How they have since recovered because analysts are actually kind

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<v Speaker 1>of saying trainers saying that this looks a little bit

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<v Speaker 1>better than fared. So some drinks makers may actually be

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<v Speaker 1>able to avoid these tariffs if they fulfill price pledges.

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<v Speaker 1>So if they agree to the price levels at that

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<v Speaker 1>China wants them too. And also there were previous reports

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<v Speaker 1>that the levees could be as high as thirty nine

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<v Speaker 1>percent rather than the thirty five percent that's been announced

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<v Speaker 1>a few moments ago. So they are rebounding, remy actually

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<v Speaker 1>higher now after dropping seven percents. That one is up

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<v Speaker 1>around almost one percent at the moment, and the other

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<v Speaker 1>stocks rebounding. But really volatile and interesting session for the

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<v Speaker 1>drink stocks.

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<v Speaker 3>Yeah, certainly we've been watching them with interest. And I've

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<v Speaker 3>also been playing that game of who owns which brand?

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<v Speaker 3>Which I can never remember in this situation, so I

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<v Speaker 3>wasn't was not sure about why I had to google

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<v Speaker 3>that one. And of course at least the H in

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<v Speaker 3>LVMH is Hennessy, so that's an easy one to remain.

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<v Speaker 1>Is the is the M?

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<v Speaker 2>I think the Yes, Yes, this is a fun game.

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<v Speaker 3>We should playing more. Yeah, to talk us through what

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<v Speaker 3>else is moving? We're looking at trade exposed miners and

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<v Speaker 3>automakers among the decliners.

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<v Speaker 1>Yes, so we are seeing some weakness in the auto

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<v Speaker 1>makers also the miners, as you mentioned that a lot

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<v Speaker 1>of that is due to the kind of tariff uncertainty

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<v Speaker 1>that we're seeing, particularly in stuff coming out of China.

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<v Speaker 1>What are they going to do next on that? But

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<v Speaker 1>one stock I am seeing to the upside is Ryan Mattow. Now,

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<v Speaker 1>the company held a prey close call with analysts last night,

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<v Speaker 1>so this is essentially where they get analysts together, give

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<v Speaker 1>them a briefing ahead of a blackout period before their results. Now,

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<v Speaker 1>the defense firm, whose stock has soared over two hundred

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<v Speaker 1>percent of the past year, actually predicting that it's going

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<v Speaker 1>to see a big jump of orders, and JP Morgan

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<v Speaker 1>saying they think Ryan Mattel could get seventy billion euros

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<v Speaker 1>worth of defense orders over the next year alone. They

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<v Speaker 1>therefore think the stock should rise another thirty percent. So

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<v Speaker 1>Ryan Mattel boosted again, only up about one percent to day,

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<v Speaker 1>but given already they say, up more than two hundred

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<v Speaker 1>percent over the past year, even almost two hundred percent

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<v Speaker 1>this year year today, it's impressive stuff for that sector.

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<v Speaker 3>Okay, dealer's choice, Joe, what else are you watching this morning?

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<v Speaker 1>I've got the pick of the bunch, haven't I?

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<v Speaker 2>Today?

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<v Speaker 1>So I actually think the financials are interesting because there's

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<v Speaker 1>a couple of different analyst notes out. We've got DWS

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<v Speaker 1>over in Germany, which is the asset manager spun out

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<v Speaker 1>of Deutschebank a few years ago. That one is downgraded

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<v Speaker 1>by BNP Parabole, which says they've sent an outflow, so

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<v Speaker 1>a lot of flows coming out of the firm. They

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<v Speaker 1>do hold a lot of listed security, so stocks, bonds

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<v Speaker 1>as well, so that is a negative part. But CVC

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<v Speaker 1>Capital upgraded at JP Morgan. That one was slightly higher

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<v Speaker 1>earlier today. This is because private actually actually doing a

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<v Speaker 1>lot of exits, is selling out of businesses and making

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<v Speaker 1>decent profits at the moment. So I find it interesting

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<v Speaker 1>that the kind of traditional asset management businesses not doing

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<v Speaker 1>so well, but private actually strong. CBC a little bit positive,

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<v Speaker 1>DWS falling today.

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