Speaker 1: Bloomberg Audio Studios podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move today. Then in Europe, I'm Caroline Hepget alongside
Speaker 3: Value Titel and we have our Bloomberg Equities Report to
Speaker 3: Joe Easton with us things are looking up. And how
Speaker 3: for Bee Semiconductor.
Speaker 1: Why yeah, So B Semiconductor coming out with a statement
Speaker 1: today and it's Investor Day raising its long term revenue
Speaker 1: target to one point nine billion euros. So that's an
Speaker 1: annual forecast that they say they should be able to
Speaker 1: reach within a number of years. Now, previously they had
Speaker 1: only targeted one billion euros, so they're actually almost doubling that,
Speaker 1: and also their margins and some of their other financial
Speaker 1: targets a little bit stronger than expected. So this is
Speaker 1: the company that makes one of the comes that makes
Speaker 1: machines that are used to assemble chips on the production line.
Speaker 1: So it's kind of in the same bucket as ASML,
Speaker 1: but much smaller than the big rival over there. Also
Speaker 1: listed in appstaps, so the stock today up around seven percent
Speaker 1: of the moment, the biggest gain in many months for
Speaker 1: that firm, and analyst lifting all their targets for their
Speaker 1: revenue for the next few years.
Speaker 3: Yeah. Well, the one alysts pointing out that the targets
Speaker 3: and the financial model was previously targeting twenty twenty eight.
Speaker 3: In this one is an update and it's looking towards
Speaker 3: twenty thirty. But yeah, very interesting from that semiconductor maker Joe.
Speaker 2: It's summer and you're looking at airlines, but not for
Speaker 2: holiday reasons.
Speaker 1: What's going on? Yeah, so airlines this is a week
Speaker 1: sector today. So we saw a drop down in US
Speaker 1: names yesterday, so American, United, Delta, all of those shares
Speaker 1: were kind of down around five percent of the closure training.
Speaker 1: Now in the inflation numbers that we got yesterday from
Speaker 1: the US, there was actually weakness specifically in airline fest
Speaker 1: airline fes decline for a fourth straight month, and we
Speaker 1: saw the stocks i say, in the US falling, and
Speaker 1: we've sent a feed through into the European name. So
Speaker 1: it's a lot of the companies that are exposed to
Speaker 1: transatlantic travel, so IAG British Airways, also Air France and
Speaker 1: also Leftands at LHA the tickle on that one. So
Speaker 1: those stocks declining today, some of those down around three percent.
Speaker 1: But also the jump up in oil prices that we've
Speaker 1: seen on a two day basis, so oil slightly low
Speaker 1: this morning, but on a two day basis still up
Speaker 1: around three and a half percent. So therefore that feeds
Speaker 1: through into worries about jet full prices, jet fuel prices
Speaker 1: and therefore costs, So the kind of a double hit.
Speaker 1: But really the weak affairs is kind of the big
Speaker 1: headline out of that.
Speaker 3: Okay, interesting, and it looks like every little helps, and
Speaker 3: it comes to Tesco.
Speaker 1: Yes, maybe the club card price on the stock today,
Speaker 1: so Tesco is actually two percent higher today, so the
Speaker 1: kind of joke doesn't work so well there. But the
Speaker 1: company reporting a five percent gain in like for like sale,
Speaker 1: so the market was only or analysts we're only looking
Speaker 1: for around four percent gain on the last quarter. And
Speaker 1: this is reassuring because we did get some profit warnings
Speaker 1: out of the sector a few months ago, notably from ASDA,
Speaker 1: the privately held rival. We got a warning from them
Speaker 1: back in March saying that there's so much competition and
Speaker 1: discounting in the sector in UK grosses at the moment,
Speaker 1: which obviously it will be good for all of US consumers,
Speaker 1: but not for the company. So this is reassuring from
Speaker 1: Tesco today, saying that their sales actually looking pretty strong,
Speaker 1: beating expectations. They do caution on a competitive environment in
Speaker 1: the statement, but the stock gaining two percent on a
Speaker 1: bit of relief. Tsco currently up around one point five
Speaker 1: percent given the boost from their sales.
Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with
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