WEBVTT - Valero Energy Rises, Newmont Drops, Mobileye Jumps on Mentee Acquisition

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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>Let's get a look at some of the stocks on

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<v Speaker 2>the move today. We're joined by Bloomberg's touch Ona dar Channa.

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<v Speaker 2>What are you looking at?

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<v Speaker 3>Well, we'll kick it off with oil refiners like Valero Energy,

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<v Speaker 3>jumping a five percent after reports the US will ease

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<v Speaker 3>sanctions on Venezuela, which will allow the company to sell

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<v Speaker 3>oil indefinitely. And that is boosting the oil refiners because

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<v Speaker 3>Venezuela is known for its heavy crude oil, which requires

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<v Speaker 3>a specialized refiner units to remove the impurities and break

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<v Speaker 3>it down into high value products like gasoline and diesel.

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<v Speaker 3>And less than half of US refineries have a coker,

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<v Speaker 3>according to Bloomberg Intelligence, which is the specialized unit you

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<v Speaker 3>need to do that. And among the publicly traded names

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<v Speaker 3>those highly complex refiners include Valero, Exxon, Marathon Petroleum, Phillips

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<v Speaker 3>sixty six, and PBF Energy all getting a boost today.

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<v Speaker 1>Yeah, we'll continue to watch this because it's certainly a

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<v Speaker 1>story here that the US refiners are perfectly positioned in

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<v Speaker 1>a way that others aren't. Let's talk about another commodity name,

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<v Speaker 1>Newmont Mining.

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<v Speaker 3>Yeah, staying in the commodity is complex and Newmont shares

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<v Speaker 3>down three percent, and other piers like Barrick and Royalty

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<v Speaker 3>company names like Pan American Silver all down in silver

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<v Speaker 3>and gold pullback after another search at the start of

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<v Speaker 3>the year. And this comes after silver was already tracking

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<v Speaker 3>for its best January since twenty seventeen. I mean this,

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<v Speaker 3>you know, record breaking rally and the names is also

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<v Speaker 3>causing volatility in the minor space and watch them because

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<v Speaker 3>it may stay volatile as the rebalancing of the Bloomberg

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<v Speaker 3>commodities indexes coming up starting tomorrow that may bring more

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<v Speaker 3>volatility to this space. New Mont shares up nine percent

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<v Speaker 3>through yesterday after searching one hundred and sixty eight percent

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<v Speaker 3>linelast year and hovering near a record.

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<v Speaker 2>What else you hat? One more?

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<v Speaker 3>And the last one is Mobile Eye Global app six percent,

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<v Speaker 3>pairing gains as high as eighteen percent earlier. The self

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<v Speaker 3>driving car system company is set to acquire the Israeli

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<v Speaker 3>startup Mentee Robotics, and a deal valid at nine hundred

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<v Speaker 3>million dollars. It seeks to extend its robotics capabilities into

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<v Speaker 3>humanoid robots, joining other carmakers like Tesla and Hyundai Motor,

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<v Speaker 3>which acquired Boston Dynamics. The catches that investors will have

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<v Speaker 3>to wait longer or a long time for the payoff

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<v Speaker 3>because BI says that existing robots operate at about half

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<v Speaker 3>of the capacity of humans at the current at complex

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<v Speaker 3>tax tasks, and companies can expect a return on investment

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<v Speaker 3>in about a decade. So that may have played a

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<v Speaker 3>role in why shares are pairing.

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<v Speaker 2>That saw some crazy video coming out of Las Vegas

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<v Speaker 2>with the CES conference about these robots doing somersaults and

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<v Speaker 2>doing all kinds of crazy stuff.

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<v Speaker 1>Is that helpful though doing some results?

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<v Speaker 2>I don't know, but.

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<v Speaker 3>They do things.

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<v Speaker 1>If they continue doing somersaults, I think we're okay in

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<v Speaker 1>the job front.

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<v Speaker 2>Yes, exactly, so we'll see there. But that's pretty cool.

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