WEBVTT - Occidental Rises, Mosaic Falls, Super Micro Plunges as Indictments Add Risk 

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News. The Stock Movers report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Markets moving lowers.

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<v Speaker 1>Charlie was just reporting, let's take a look at some

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<v Speaker 1>of the stock movers on the day. We can do

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<v Speaker 1>that with Natalia Keny Javis from Bloomberg News.

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<v Speaker 2>Natalie, what are you looking at? Before I started, I

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<v Speaker 2>also want to say something about ski. I was in

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<v Speaker 2>Killington last this weekend like this. It was really good.

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<v Speaker 2>I know, I know, I wanted to go to Colorado

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<v Speaker 2>because I bought an icon pass and I was so

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<v Speaker 2>upset because I can't use it because there is no

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<v Speaker 2>snow in Deer Valley, no snow in Colorado. But I

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<v Speaker 2>don't know, maybe people that.

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<v Speaker 1>Were really searching for snow Japan.

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<v Speaker 2>That's really and you have a strong dollar on top

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<v Speaker 2>of that.

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<v Speaker 1>Yeah.

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<v Speaker 2>So I went back to stocks. First of all, of

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<v Speaker 2>course energy, I'm looking at Occidental Petroleum. The ticket is

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<v Speaker 2>o x Y. Shares are by two point three percent.

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<v Speaker 2>JP Morgan upgraded the stock to neutral from underweight. Price

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<v Speaker 2>target is now it's sixty three versus twenty nine before.

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<v Speaker 2>So what the book case here is because Occidental has

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<v Speaker 2>eighty five percent of its upstream production here in the

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<v Speaker 2>United States, it will benefit of course from higher energy

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<v Speaker 2>prices and increase cash flow as a result. However, the

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<v Speaker 2>company does have one facility in the UAE, and according

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<v Speaker 2>to JP Morgan, that facilities suffered the physical damage in

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<v Speaker 2>the Iranian attack in mid March. Production is now holded

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<v Speaker 2>and they assume analysts assume that facility will be offline

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<v Speaker 2>through the middle of twenty twenty six second quarter of

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<v Speaker 2>twenty twenty six. Of course, analysts have said that if

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<v Speaker 2>Acas fire was reached, of course energy prices would decline.

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<v Speaker 2>All right, let's talk about chemicals companies, which of course

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<v Speaker 2>are very closely tied to where oil prices trade. You're

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<v Speaker 2>looking at one of them, yes, it is also one

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<v Speaker 2>of the biggest stories that we are tracking. One of

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<v Speaker 2>them is Mosaic. The tickets MS shares are down by

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<v Speaker 2>six percent, dropped to the lowest level since December. Bank

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<v Speaker 2>of America cut recommendation to the federalizer company to neutral

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<v Speaker 2>from buy. So Mosaic is one of the largest producers

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<v Speaker 2>of PHOSPHATEE if I'm saying this correctly, and potash which

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<v Speaker 2>I used for crop nutrition, and now analysts are a

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<v Speaker 2>little bit concerned. So on the one hand, these stocks

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<v Speaker 2>arising because increase the text Titans supply, but analysts are

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<v Speaker 2>saying this conflict in the run is inflationary for raw material,

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<v Speaker 2>so some of those companies will suffer eventually.

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<v Speaker 1>Super Micro, what's going on there?

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<v Speaker 2>Yes, a big story, guys. The stock is down by

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<v Speaker 2>almost twenty eight percent. The US charged the super Michael

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<v Speaker 2>co founder and two other people from company that they

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<v Speaker 2>illegally diverted billions of dollars in servers that were assembled

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<v Speaker 2>here in the United States and they contain in Vidia's

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<v Speaker 2>cutting edge chips, and those servers were sold to China

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<v Speaker 2>as a result, that is a violation of US export controls.

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<v Speaker 2>Analysts are saying that raises reputational risk for the company.

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<v Speaker 2>There is a risk of share loss to Dell, a competitor,

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<v Speaker 2>and Raymond James. Analysts are also saying that super Micro

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<v Speaker 2>might best subject for greatest scrutiny and may face higher

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<v Speaker 2>costs and delays in operations.

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<v Speaker 1>The Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 1>us throughout the day for the latest roundup of companies

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