Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. The Stock Movers report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Markets moving lowers.
Speaker 1: Charlie was just reporting, let's take a look at some
Speaker 1: of the stock movers on the day. We can do
Speaker 1: that with Natalia Keny Javis from Bloomberg News.
Speaker 2: Natalie, what are you looking at? Before I started, I
Speaker 2: also want to say something about ski. I was in
Speaker 2: Killington last this weekend like this. It was really good.
Speaker 2: I know, I know, I wanted to go to Colorado
Speaker 2: because I bought an icon pass and I was so
Speaker 2: upset because I can't use it because there is no
Speaker 2: snow in Deer Valley, no snow in Colorado. But I
Speaker 2: don't know, maybe people that.
Speaker 1: Were really searching for snow Japan.
Speaker 2: That's really and you have a strong dollar on top
Speaker 2: of that.
Speaker 1: Yeah.
Speaker 2: So I went back to stocks. First of all, of
Speaker 2: course energy, I'm looking at Occidental Petroleum. The ticket is
Speaker 2: o x Y. Shares are by two point three percent.
Speaker 2: JP Morgan upgraded the stock to neutral from underweight. Price
Speaker 2: target is now it's sixty three versus twenty nine before.
Speaker 2: So what the book case here is because Occidental has
Speaker 2: eighty five percent of its upstream production here in the
Speaker 2: United States, it will benefit of course from higher energy
Speaker 2: prices and increase cash flow as a result. However, the
Speaker 2: company does have one facility in the UAE, and according
Speaker 2: to JP Morgan, that facilities suffered the physical damage in
Speaker 2: the Iranian attack in mid March. Production is now holded
Speaker 2: and they assume analysts assume that facility will be offline
Speaker 2: through the middle of twenty twenty six second quarter of
Speaker 2: twenty twenty six. Of course, analysts have said that if
Speaker 2: Acas fire was reached, of course energy prices would decline.
Speaker 2: All right, let's talk about chemicals companies, which of course
Speaker 2: are very closely tied to where oil prices trade. You're
Speaker 2: looking at one of them, yes, it is also one
Speaker 2: of the biggest stories that we are tracking. One of
Speaker 2: them is Mosaic. The tickets MS shares are down by
Speaker 2: six percent, dropped to the lowest level since December. Bank
Speaker 2: of America cut recommendation to the federalizer company to neutral
Speaker 2: from buy. So Mosaic is one of the largest producers
Speaker 2: of PHOSPHATEE if I'm saying this correctly, and potash which
Speaker 2: I used for crop nutrition, and now analysts are a
Speaker 2: little bit concerned. So on the one hand, these stocks
Speaker 2: arising because increase the text Titans supply, but analysts are
Speaker 2: saying this conflict in the run is inflationary for raw material,
Speaker 2: so some of those companies will suffer eventually.
Speaker 1: Super Micro, what's going on there?
Speaker 2: Yes, a big story, guys. The stock is down by
Speaker 2: almost twenty eight percent. The US charged the super Michael
Speaker 2: co founder and two other people from company that they
Speaker 2: illegally diverted billions of dollars in servers that were assembled
Speaker 2: here in the United States and they contain in Vidia's
Speaker 2: cutting edge chips, and those servers were sold to China
Speaker 2: as a result, that is a violation of US export controls.
Speaker 2: Analysts are saying that raises reputational risk for the company.
Speaker 2: There is a risk of share loss to Dell, a competitor,
Speaker 2: and Raymond James. Analysts are also saying that super Micro
Speaker 2: might best subject for greatest scrutiny and may face higher
Speaker 2: costs and delays in operations.
Speaker 1: The Stock Movers report from Bloomberg Radio. Check back with
Speaker 1: us throughout the day for the latest roundup of companies
Speaker 1: making news on Wall Street and for the latest market
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