1 00:00:02,520 --> 00:00:08,800 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 00:00:17,760 --> 00:00:19,680 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:19,680 --> 00:00:22,960 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Kritty Gupta on a 6 00:00:23,000 --> 00:00:26,400 Speaker 1: morning with oil stocks in particular, on the move. Pritty, 7 00:00:26,480 --> 00:00:29,160 Speaker 1: following all the developments in the Middle East. Good morning, 8 00:00:29,520 --> 00:00:30,400 Speaker 1: Good morning, Nathan. 9 00:00:30,440 --> 00:00:33,199 Speaker 3: An absolute collapse in oil prices this morning. You are 10 00:00:33,240 --> 00:00:36,120 Speaker 3: seeing a drop of something like eleven percent in just 11 00:00:36,240 --> 00:00:39,680 Speaker 3: two sessions, is of course coming after the announced ceasefire 12 00:00:39,760 --> 00:00:43,560 Speaker 3: by Donald Trump. One that is still kind of getting 13 00:00:43,560 --> 00:00:45,440 Speaker 3: work through in terms of the dynamics there. But what 14 00:00:45,479 --> 00:00:48,120 Speaker 3: that's doing to oil is continuing to price out that 15 00:00:48,200 --> 00:00:50,640 Speaker 3: geopolitical premium. That's a lot of fancy talk for saying 16 00:00:50,640 --> 00:00:53,040 Speaker 3: some of the oil stocks that we traditionally watch that 17 00:00:53,080 --> 00:00:55,680 Speaker 3: have been rallying in the last couple of days, are 18 00:00:55,760 --> 00:00:58,800 Speaker 3: actually reversing their move this morning. And let me give 19 00:00:58,800 --> 00:01:02,480 Speaker 3: you some examples, Nathan, Exon Mobile Chevron, your top two 20 00:01:02,800 --> 00:01:05,960 Speaker 3: major US oil companies taking a hit this morning. Exon, 21 00:01:06,040 --> 00:01:09,679 Speaker 3: for example, the ticker is XOM down about one percent, 22 00:01:09,760 --> 00:01:12,320 Speaker 3: trading at one hundred and ten dollars a share. A 23 00:01:12,400 --> 00:01:16,720 Speaker 3: similar story for CVX, which is the ticker for Chevron shares, 24 00:01:16,760 --> 00:01:18,720 Speaker 3: down about nine tens to one percent, trading just shy 25 00:01:18,800 --> 00:01:21,240 Speaker 3: of one hundred and forty six dollars a share. It's 26 00:01:21,319 --> 00:01:23,400 Speaker 3: not just the oil names, though, You're seeing a little 27 00:01:23,400 --> 00:01:26,600 Speaker 3: bit of a reversal in some of the other commodity names. 28 00:01:26,640 --> 00:01:29,080 Speaker 3: I think Numont Gold is a great example, given that 29 00:01:29,160 --> 00:01:31,640 Speaker 3: risk premium is coming out of those gold prices as well. 30 00:01:32,080 --> 00:01:35,560 Speaker 3: Nem is your ticker there, trading about fifty eight dollars 31 00:01:35,600 --> 00:01:38,040 Speaker 3: in change, down about two percent. You're seeing some of 32 00:01:38,080 --> 00:01:41,080 Speaker 3: the other oil exposed names see a reversal as well. 33 00:01:41,160 --> 00:01:43,160 Speaker 3: We shall also talk about the defense bid because what 34 00:01:43,160 --> 00:01:45,040 Speaker 3: I did see in the last couple of days that 35 00:01:45,080 --> 00:01:47,240 Speaker 3: a lot of the defense stocks had also moved to 36 00:01:47,319 --> 00:01:50,000 Speaker 3: the upside in line with that oil move as well, 37 00:01:50,360 --> 00:01:52,680 Speaker 3: that letting go of some of their momentum as well, 38 00:01:52,720 --> 00:01:55,280 Speaker 3: so locking Martin at the top of that pack. LMT 39 00:01:55,880 --> 00:01:58,960 Speaker 3: down about one point four percent this morning, trading at 40 00:01:58,960 --> 00:02:00,960 Speaker 3: four hundred and sixty six dollars a share. Again, it 41 00:02:01,000 --> 00:02:02,760 Speaker 3: had been one of the movers to the upside in 42 00:02:02,800 --> 00:02:06,080 Speaker 3: the last couple of days. Another one is RTX. It 43 00:02:06,120 --> 00:02:09,080 Speaker 3: is officially known as RTX now but formerly known as Raytheon, 44 00:02:09,320 --> 00:02:12,240 Speaker 3: another major defense contractor, down about one and a half percent, 45 00:02:12,560 --> 00:02:14,920 Speaker 3: trading just shy of a one hundred and forty four 46 00:02:15,040 --> 00:02:16,959 Speaker 3: dollars a share. I should just mention to our global 47 00:02:16,960 --> 00:02:19,880 Speaker 3: audience when I talk about defense names, I'm actively leaving 48 00:02:19,919 --> 00:02:22,080 Speaker 3: Boeing out of it simply because they are dealing with 49 00:02:22,080 --> 00:02:24,600 Speaker 3: a different set of issues and trading on different kinds 50 00:02:24,680 --> 00:02:27,720 Speaker 3: of newsflow, not the defense story. So Lockey Martin and 51 00:02:27,800 --> 00:02:29,760 Speaker 3: Raitheon are the two you really want to keep an 52 00:02:29,760 --> 00:02:32,679 Speaker 3: eye on in terms of the individual moves, and those 53 00:02:32,720 --> 00:02:35,320 Speaker 3: are actually your your downside movers. Nathan is a risk 54 00:02:35,400 --> 00:02:38,720 Speaker 3: positive day everywhere else, and I think that's really crucial 55 00:02:38,760 --> 00:02:41,520 Speaker 3: because tech is leading the upside. We're going right back 56 00:02:41,840 --> 00:02:44,440 Speaker 3: to the normal mantra in these markets. So take a 57 00:02:44,440 --> 00:02:48,720 Speaker 3: look at Nvidia, AMD, Tesla's your normals kind of favorites 58 00:02:48,800 --> 00:02:51,920 Speaker 3: are the ones leading this market, including two key names 59 00:02:51,919 --> 00:02:55,519 Speaker 3: that I mentioned yesterday, which is Fi serf Fi, which 60 00:02:55,520 --> 00:02:57,320 Speaker 3: again is not a company we talk about Nathan. But 61 00:02:57,360 --> 00:02:59,640 Speaker 3: it's now the second day that the pre market is 62 00:02:59,760 --> 00:03:02,280 Speaker 3: move moving this in a very very big way, hire 63 00:03:02,320 --> 00:03:04,760 Speaker 3: by about six percent this morning, trading ou about one 64 00:03:04,840 --> 00:03:07,120 Speaker 3: hundred and eighty dollars a share. Looks like the latest 65 00:03:07,120 --> 00:03:10,960 Speaker 3: news there is that MasterCard is partnering with them on 66 00:03:11,120 --> 00:03:14,360 Speaker 3: stablecoin adoption. That was what their idea of offering a 67 00:03:14,360 --> 00:03:17,560 Speaker 3: stable cooin product. Moved the market yesterday. Now MasterCard in 68 00:03:17,600 --> 00:03:20,519 Speaker 3: line with those earnings, MA is your ticker for MasterCard 69 00:03:20,800 --> 00:03:23,119 Speaker 3: trading at five hundred and fifty seven dollars a share, 70 00:03:23,160 --> 00:03:25,440 Speaker 3: hired by about three percent, and those are actually your 71 00:03:25,480 --> 00:03:28,800 Speaker 3: two biggest highest volume movers to the upside, Nathan, So 72 00:03:28,880 --> 00:03:31,040 Speaker 3: seeing plenty of movement. 73 00:03:30,919 --> 00:03:36,640 Speaker 2: There the Stock Movers podcast from Bloomberg Radio. Check back 74 00:03:36,680 --> 00:03:39,080 Speaker 2: with us throughout the day for the latest roundup of 75 00:03:39,120 --> 00:03:42,320 Speaker 2: companies making news on Wall Street and for the latest 76 00:03:42,360 --> 00:03:46,520 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 77 00:03:46,560 --> 00:03:49,920 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 78 00:03:49,920 --> 00:03:51,960 Speaker 2: Auto with the Bloomberg Business app.