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: Let's get a look at some of the stocks on
Speaker 2: the move today. We're joined by Bloomberg's touch Ona dar Channa.
Speaker 2: What are you looking at?
Speaker 3: Well, we'll kick it off with oil refiners like Valero Energy,
Speaker 3: jumping a five percent after reports the US will ease
Speaker 3: sanctions on Venezuela, which will allow the company to sell
Speaker 3: oil indefinitely. And that is boosting the oil refiners because
Speaker 3: Venezuela is known for its heavy crude oil, which requires
Speaker 3: a specialized refiner units to remove the impurities and break
Speaker 3: it down into high value products like gasoline and diesel.
Speaker 3: And less than half of US refineries have a coker,
Speaker 3: according to Bloomberg Intelligence, which is the specialized unit you
Speaker 3: need to do that. And among the publicly traded names
Speaker 3: those highly complex refiners include Valero, Exxon, Marathon Petroleum, Phillips
Speaker 3: sixty six, and PBF Energy all getting a boost today.
Speaker 1: Yeah, we'll continue to watch this because it's certainly a
Speaker 1: story here that the US refiners are perfectly positioned in
Speaker 1: a way that others aren't. Let's talk about another commodity name,
Speaker 1: Newmont Mining.
Speaker 3: Yeah, staying in the commodity is complex and Newmont shares
Speaker 3: down three percent, and other piers like Barrick and Royalty
Speaker 3: company names like Pan American Silver all down in silver
Speaker 3: and gold pullback after another search at the start of
Speaker 3: the year. And this comes after silver was already tracking
Speaker 3: for its best January since twenty seventeen. I mean this,
Speaker 3: you know, record breaking rally and the names is also
Speaker 3: causing volatility in the minor space and watch them because
Speaker 3: it may stay volatile as the rebalancing of the Bloomberg
Speaker 3: commodities indexes coming up starting tomorrow that may bring more
Speaker 3: volatility to this space. New Mont shares up nine percent
Speaker 3: through yesterday after searching one hundred and sixty eight percent
Speaker 3: linelast year and hovering near a record.
Speaker 2: What else you hat? One more?
Speaker 3: And the last one is Mobile Eye Global app six percent,
Speaker 3: pairing gains as high as eighteen percent earlier. The self
Speaker 3: driving car system company is set to acquire the Israeli
Speaker 3: startup Mentee Robotics, and a deal valid at nine hundred
Speaker 3: million dollars. It seeks to extend its robotics capabilities into
Speaker 3: humanoid robots, joining other carmakers like Tesla and Hyundai Motor,
Speaker 3: which acquired Boston Dynamics. The catches that investors will have
Speaker 3: to wait longer or a long time for the payoff
Speaker 3: because BI says that existing robots operate at about half
Speaker 3: of the capacity of humans at the current at complex
Speaker 3: tax tasks, and companies can expect a return on investment
Speaker 3: in about a decade. So that may have played a
Speaker 3: role in why shares are pairing.
Speaker 2: That saw some crazy video coming out of Las Vegas
Speaker 2: with the CES conference about these robots doing somersaults and
Speaker 2: doing all kinds of crazy stuff.
Speaker 1: Is that helpful though doing some results?
Speaker 2: I don't know, but.
Speaker 3: They do things.
Speaker 1: If they continue doing somersaults, I think we're okay in
Speaker 1: the job front.
Speaker 2: Yes, exactly, so we'll see there. But that's pretty cool.
Speaker 1: Stuck the Stock Movers Report from Bloomberg Radio. Check back
Speaker 1: with us throughout the day for the latest roundup of
Speaker 1: companies making news on Wall Street and for the latest
Speaker 1: market moving headlines. Listen to Bloomberg Radio Live, catch us
Speaker 1: on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto.
Speaker 1: With the Bloomberg Business app