WEBVTT - Besi Soars, TUI Down, Tesco Up

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<v Speaker 1>Bloomberg Audio Studios podcasts, radio news, The.

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<v Speaker 2>Stock Movers podcast, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some of the stocks on

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<v Speaker 3>the move today. Then in Europe, I'm Caroline Hepget alongside

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<v Speaker 3>Value Titel and we have our Bloomberg Equities Report to

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<v Speaker 3>Joe Easton with us things are looking up. And how

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<v Speaker 3>for Bee Semiconductor.

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<v Speaker 1>Why yeah, So B Semiconductor coming out with a statement

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<v Speaker 1>today and it's Investor Day raising its long term revenue

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<v Speaker 1>target to one point nine billion euros. So that's an

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<v Speaker 1>annual forecast that they say they should be able to

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<v Speaker 1>reach within a number of years. Now, previously they had

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<v Speaker 1>only targeted one billion euros, so they're actually almost doubling that,

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<v Speaker 1>and also their margins and some of their other financial

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<v Speaker 1>targets a little bit stronger than expected. So this is

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<v Speaker 1>the company that makes one of the comes that makes

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<v Speaker 1>machines that are used to assemble chips on the production line.

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<v Speaker 1>So it's kind of in the same bucket as ASML,

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<v Speaker 1>but much smaller than the big rival over there. Also

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<v Speaker 1>listed in appstaps, so the stock today up around seven percent

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<v Speaker 1>of the moment, the biggest gain in many months for

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<v Speaker 1>that firm, and analyst lifting all their targets for their

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<v Speaker 1>revenue for the next few years.

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<v Speaker 3>Yeah. Well, the one alysts pointing out that the targets

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<v Speaker 3>and the financial model was previously targeting twenty twenty eight.

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<v Speaker 3>In this one is an update and it's looking towards

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<v Speaker 3>twenty thirty. But yeah, very interesting from that semiconductor maker Joe.

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<v Speaker 2>It's summer and you're looking at airlines, but not for

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<v Speaker 2>holiday reasons.

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<v Speaker 1>What's going on? Yeah, so airlines this is a week

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<v Speaker 1>sector today. So we saw a drop down in US

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<v Speaker 1>names yesterday, so American, United, Delta, all of those shares

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<v Speaker 1>were kind of down around five percent of the closure training.

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<v Speaker 1>Now in the inflation numbers that we got yesterday from

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<v Speaker 1>the US, there was actually weakness specifically in airline fest

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<v Speaker 1>airline fes decline for a fourth straight month, and we

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<v Speaker 1>saw the stocks i say, in the US falling, and

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<v Speaker 1>we've sent a feed through into the European name. So

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<v Speaker 1>it's a lot of the companies that are exposed to

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<v Speaker 1>transatlantic travel, so IAG British Airways, also Air France and

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<v Speaker 1>also Leftands at LHA the tickle on that one. So

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<v Speaker 1>those stocks declining today, some of those down around three percent.

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<v Speaker 1>But also the jump up in oil prices that we've

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<v Speaker 1>seen on a two day basis, so oil slightly low

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<v Speaker 1>this morning, but on a two day basis still up

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<v Speaker 1>around three and a half percent. So therefore that feeds

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<v Speaker 1>through into worries about jet full prices, jet fuel prices

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<v Speaker 1>and therefore costs, So the kind of a double hit.

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<v Speaker 1>But really the weak affairs is kind of the big

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<v Speaker 1>headline out of that.

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<v Speaker 3>Okay, interesting, and it looks like every little helps, and

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<v Speaker 3>it comes to Tesco.

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<v Speaker 1>Yes, maybe the club card price on the stock today,

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<v Speaker 1>so Tesco is actually two percent higher today, so the

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<v Speaker 1>kind of joke doesn't work so well there. But the

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<v Speaker 1>company reporting a five percent gain in like for like sale,

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<v Speaker 1>so the market was only or analysts we're only looking

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<v Speaker 1>for around four percent gain on the last quarter. And

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<v Speaker 1>this is reassuring because we did get some profit warnings

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<v Speaker 1>out of the sector a few months ago, notably from ASDA,

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<v Speaker 1>the privately held rival. We got a warning from them

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<v Speaker 1>back in March saying that there's so much competition and

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<v Speaker 1>discounting in the sector in UK grosses at the moment,

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<v Speaker 1>which obviously it will be good for all of US consumers,

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<v Speaker 1>but not for the company. So this is reassuring from

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<v Speaker 1>Tesco today, saying that their sales actually looking pretty strong,

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<v Speaker 1>beating expectations. They do caution on a competitive environment in

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<v Speaker 1>the statement, but the stock gaining two percent on a

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<v Speaker 1>bit of relief. Tsco currently up around one point five

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<v Speaker 1>percent given the boost from their sales.

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<v Speaker 2>The Stock Movers podcast from Bloomberg Radio. Check back with

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<v Speaker 2>the Bloomberg Business app. Mm hmm