1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. The Stock Movers report, 2 00:00:10,240 --> 00:00:13,400 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:16,160 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,520 --> 00:00:17,480 Speaker 2: Markets moving lowers. 5 00:00:17,560 --> 00:00:19,400 Speaker 1: Charlie was just reporting, let's take a look at some 6 00:00:19,440 --> 00:00:20,960 Speaker 1: of the stock movers on the day. We can do 7 00:00:21,000 --> 00:00:23,360 Speaker 1: that with Natalia Keny Javis from Bloomberg News. 8 00:00:23,400 --> 00:00:25,640 Speaker 2: Natalie, what are you looking at? Before I started, I 9 00:00:25,680 --> 00:00:27,840 Speaker 2: also want to say something about ski. I was in 10 00:00:27,960 --> 00:00:31,280 Speaker 2: Killington last this weekend like this. It was really good. 11 00:00:31,440 --> 00:00:35,000 Speaker 2: I know, I know, I wanted to go to Colorado 12 00:00:35,000 --> 00:00:37,360 Speaker 2: because I bought an icon pass and I was so 13 00:00:37,479 --> 00:00:39,400 Speaker 2: upset because I can't use it because there is no 14 00:00:39,479 --> 00:00:43,040 Speaker 2: snow in Deer Valley, no snow in Colorado. But I 15 00:00:43,080 --> 00:00:44,720 Speaker 2: don't know, maybe people that. 16 00:00:44,640 --> 00:00:46,560 Speaker 1: Were really searching for snow Japan. 17 00:00:46,680 --> 00:00:49,680 Speaker 2: That's really and you have a strong dollar on top 18 00:00:49,720 --> 00:00:50,000 Speaker 2: of that. 19 00:00:52,680 --> 00:00:52,880 Speaker 1: Yeah. 20 00:00:52,920 --> 00:00:54,680 Speaker 2: So I went back to stocks. First of all, of 21 00:00:54,680 --> 00:00:58,240 Speaker 2: course energy, I'm looking at Occidental Petroleum. The ticket is 22 00:00:58,320 --> 00:01:01,720 Speaker 2: o x Y. Shares are by two point three percent. 23 00:01:02,120 --> 00:01:06,640 Speaker 2: JP Morgan upgraded the stock to neutral from underweight. Price 24 00:01:06,720 --> 00:01:10,080 Speaker 2: target is now it's sixty three versus twenty nine before. 25 00:01:10,880 --> 00:01:14,840 Speaker 2: So what the book case here is because Occidental has 26 00:01:14,920 --> 00:01:18,240 Speaker 2: eighty five percent of its upstream production here in the 27 00:01:18,360 --> 00:01:21,639 Speaker 2: United States, it will benefit of course from higher energy 28 00:01:21,680 --> 00:01:25,600 Speaker 2: prices and increase cash flow as a result. However, the 29 00:01:25,640 --> 00:01:29,440 Speaker 2: company does have one facility in the UAE, and according 30 00:01:29,440 --> 00:01:32,800 Speaker 2: to JP Morgan, that facilities suffered the physical damage in 31 00:01:32,840 --> 00:01:36,240 Speaker 2: the Iranian attack in mid March. Production is now holded 32 00:01:36,319 --> 00:01:41,000 Speaker 2: and they assume analysts assume that facility will be offline 33 00:01:41,160 --> 00:01:44,480 Speaker 2: through the middle of twenty twenty six second quarter of 34 00:01:44,520 --> 00:01:48,360 Speaker 2: twenty twenty six. Of course, analysts have said that if 35 00:01:48,400 --> 00:01:52,720 Speaker 2: Acas fire was reached, of course energy prices would decline. 36 00:01:53,880 --> 00:01:56,920 Speaker 2: All right, let's talk about chemicals companies, which of course 37 00:01:56,960 --> 00:02:00,440 Speaker 2: are very closely tied to where oil prices trade. You're 38 00:02:00,440 --> 00:02:02,720 Speaker 2: looking at one of them, yes, it is also one 39 00:02:02,720 --> 00:02:04,720 Speaker 2: of the biggest stories that we are tracking. One of 40 00:02:04,720 --> 00:02:08,799 Speaker 2: them is Mosaic. The tickets MS shares are down by 41 00:02:08,919 --> 00:02:13,520 Speaker 2: six percent, dropped to the lowest level since December. Bank 42 00:02:13,560 --> 00:02:17,640 Speaker 2: of America cut recommendation to the federalizer company to neutral 43 00:02:17,760 --> 00:02:22,600 Speaker 2: from buy. So Mosaic is one of the largest producers 44 00:02:22,639 --> 00:02:25,880 Speaker 2: of PHOSPHATEE if I'm saying this correctly, and potash which 45 00:02:25,919 --> 00:02:31,400 Speaker 2: I used for crop nutrition, and now analysts are a 46 00:02:31,440 --> 00:02:34,320 Speaker 2: little bit concerned. So on the one hand, these stocks 47 00:02:34,360 --> 00:02:38,880 Speaker 2: arising because increase the text Titans supply, but analysts are 48 00:02:38,919 --> 00:02:43,480 Speaker 2: saying this conflict in the run is inflationary for raw material, 49 00:02:43,639 --> 00:02:46,120 Speaker 2: so some of those companies will suffer eventually. 50 00:02:47,720 --> 00:02:50,320 Speaker 1: Super Micro, what's going on there? 51 00:02:50,600 --> 00:02:53,480 Speaker 2: Yes, a big story, guys. The stock is down by 52 00:02:53,520 --> 00:02:57,960 Speaker 2: almost twenty eight percent. The US charged the super Michael 53 00:02:58,040 --> 00:03:01,440 Speaker 2: co founder and two other people from company that they 54 00:03:01,720 --> 00:03:07,800 Speaker 2: illegally diverted billions of dollars in servers that were assembled 55 00:03:07,880 --> 00:03:10,960 Speaker 2: here in the United States and they contain in Vidia's 56 00:03:11,040 --> 00:03:15,760 Speaker 2: cutting edge chips, and those servers were sold to China 57 00:03:15,840 --> 00:03:19,200 Speaker 2: as a result, that is a violation of US export controls. 58 00:03:19,560 --> 00:03:23,840 Speaker 2: Analysts are saying that raises reputational risk for the company. 59 00:03:24,720 --> 00:03:28,200 Speaker 2: There is a risk of share loss to Dell, a competitor, 60 00:03:28,680 --> 00:03:32,120 Speaker 2: and Raymond James. Analysts are also saying that super Micro 61 00:03:32,240 --> 00:03:36,080 Speaker 2: might best subject for greatest scrutiny and may face higher 62 00:03:36,080 --> 00:03:38,400 Speaker 2: costs and delays in operations. 63 00:03:39,600 --> 00:03:43,600 Speaker 1: The Stock Movers report from Bloomberg Radio. Check back with 64 00:03:43,680 --> 00:03:46,280 Speaker 1: us throughout the day for the latest roundup of companies 65 00:03:46,360 --> 00:03:49,440 Speaker 1: making news on Wall Street and for the latest market 66 00:03:49,480 --> 00:03:53,960 Speaker 1: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 67 00:03:54,040 --> 00:03:57,520 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 68 00:03:57,600 --> 00:03:59,080 Speaker 1: the Bloomberg Business app.