Speaker 1: Hi there, I'm Tracy Allaway and I'm Jill Wisenthal. We
Speaker 1: are introducing you to the new Stock Movers podcast from Bloomberg.
Speaker 1: The show brings you short episodes five minutes or less,
Speaker 1: covering the stocks making gains and losses in today's trading.
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Speaker 1: latest episode from our team at Bloomberg.
Speaker 2: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 3: The Stock Movers podcast your roundup of companies making moves
Speaker 3: in the stock market, harnessing the power of Bloomberg data.
Speaker 4: Let's take a look at some stocks on the move
Speaker 4: this week. In the week that was a little bit
Speaker 4: of a crazy one and some volatility, Emily Graffeo has
Speaker 4: the hard task of keeping track of it all. She's
Speaker 4: Bloomberg News Cross Auset reporter and she's joining us in studio.
Speaker 4: We got to start with the number one performing stock
Speaker 4: in the S and P five hundred this week, numont.
Speaker 5: This is so emblematic of the safe haven asset.
Speaker 2: That gold was this week.
Speaker 5: In a week where stocks were extremely volatile, Treasury bonds
Speaker 5: didn't quite work as that safe haven asset that they
Speaker 5: typically are expected to gold kept hitting record high after
Speaker 5: record high gold miner Numont actually had its best week
Speaker 5: since nineteen ninety eight.
Speaker 4: That's nuts, that's nuts.
Speaker 6: What are we talking about?
Speaker 5: Did I go into my jewelry box and so I'm like,
Speaker 5: I start, I mean it was that I oh, no,
Speaker 5: I know.
Speaker 4: You think about Eh, that's from an old boyfriend. I'm
Speaker 4: not going to wear it anyway.
Speaker 2: I'm getting rid of it. Excuse me.
Speaker 6: I want to hear this story, don't you.
Speaker 4: I don't know what it is with guys and girls
Speaker 4: like anything I've owned before my husband, I mean, you
Speaker 4: have time you kept well, there's like maybe one or
Speaker 4: he's like, no.
Speaker 2: I don't think i've gotten you know, I'm young, the
Speaker 2: guys are young. I've gotten like silver, so sure's some platinum. No, okay, anyway, continue.
Speaker 6: As long as it's not uranium.
Speaker 2: Right, Yeah, no, you wouldn't want to talk about it.
Speaker 6: We talked about uranium earlier this week, so that's why
Speaker 6: I bring it up. No uranium stocks. Yeah, well, where
Speaker 6: you were going when whenever your faz and the house,
Speaker 6: we're always talking stocks. Okay.
Speaker 2: It's like she goes process cuckoo.
Speaker 6: She goes process that, she does ETF, she does.
Speaker 4: Everything I know.
Speaker 5: And you know, Neumont is kind of it's cross acid.
Speaker 5: It is a stock, but it's representative of absolutely one
Speaker 5: of those assets that did really well this week. Anyway,
Speaker 5: it was up eight percent Friday, up twenty four percent
Speaker 5: on the week. It ended the week with an upgrade
Speaker 5: over at UBS. So they hiked their price target both
Speaker 5: for Neumont the stock and also for gold, and they
Speaker 5: said that the macro backdrop for gold is increasingly more supportive.
Speaker 4: So all right, let's go to Nvidia.
Speaker 2: Okay, In Nvidia, I'm going to go to performer for
Speaker 2: the week over.
Speaker 5: It was a top performer over the week, but it
Speaker 5: was up on Monday, it was down on Tuesday. It
Speaker 5: was up eighteen percent on Wednesday, then it was down
Speaker 5: six percent Thursday.
Speaker 2: It finished for.
Speaker 5: It's really a roller coaster. I mean, this is a
Speaker 5: stock that everyone watches. So not only is it trading
Speaker 5: on its own fundamentals, but it's also trading like the
Speaker 5: poster child for how are risk assets doing today?
Speaker 4: Can I just say it's down seventeen percent?
Speaker 2: You're to date?
Speaker 5: Yeah, I think we all forgot about the deep seek yeah, right,
Speaker 5: news that.
Speaker 2: Happened before tariffs.
Speaker 5: But I have heard a couple I've seen a few
Speaker 5: notes where analysts mentioned like, well, don't forget about the
Speaker 5: fact that all of these questions about the impetus for
Speaker 5: spending on AI and you know, how much demand is
Speaker 5: there really going to be for AI post deep sea?
Speaker 6: I mean, there are so many questions about that for
Speaker 6: the company this year you mentioned deep seek, there's the
Speaker 6: China everything happening with China, and then of course there's also,
Speaker 6: like you said, demand when it comes to US companies
Speaker 6: and the reports that we've gotten about US companies pulling
Speaker 6: back on data centers.
Speaker 4: Yeah, you forgot the biggest stress point.
Speaker 5: What is it?
Speaker 4: What will be Jensen's next leather jacket?
Speaker 6: No, it's going to be a leather jacket.
Speaker 2: It's going to be a leather jacket.
Speaker 4: Well, what's wild is one of the best performing the
Speaker 4: S ANDP so up around a little bit more than
Speaker 4: seventeen percent for the week. Overall, it's still down seventeen
Speaker 4: percent year to date, which which is just remind you
Speaker 4: how rough a year it's been.
Speaker 5: Right, right, And it ended the week positive, But just
Speaker 5: like the S and P five hundred there were a
Speaker 5: lot of twists and turns, so you wouldn't expect that
Speaker 5: we would have. It doesn't feel like we ended the
Speaker 5: week up, even though we did.
Speaker 4: You mentioned the end of the week. We were all
Speaker 4: looking forward to the end of the week because the
Speaker 4: big bank earning started. And it's safe to say the
Speaker 4: one that we always want to see what they're doing
Speaker 4: and what their CEO is saying is JP Morgan.
Speaker 2: That's right. That stock was up on the week. It
Speaker 2: was up twelve percent.
Speaker 5: This is the biggest US bank, and it was interesting
Speaker 5: because in their earnings they had record equity markets revenue.
Speaker 5: It rose forty eight percent to a record three point
Speaker 5: eight one billion. This wasn't even counting the trading of
Speaker 5: this week because this was the prior quarter.
Speaker 1: It's a good point.
Speaker 2: So I thought that was an interesting tidbit.
Speaker 5: I'm sure that those equistrators made a lot more this week.
Speaker 5: And then, of course Jamie Diamond, CEO a top of
Speaker 5: JP Morgan. He is pretty vocal about his views on
Speaker 5: the economy, and he struck a cautious tone. He also
Speaker 5: said he expects a quote kerfuffle in the US treasury
Speaker 5: market that would prompt a FED intervention, which made me.
Speaker 4: Think about the book Nuffle Bunny.
Speaker 2: Did you ever read that?
Speaker 5: Oh?
Speaker 6: Yeah, there's a little statue. Great kids, there's a nuffle
Speaker 6: Bunny statue at the library in Park Slope.
Speaker 4: I love nuffle Bunny.
Speaker 6: How cool is that?
Speaker 4: Not a kerfuffle but it's a enuffle Bunny.
Speaker 5: We have Goldman coming up next week, so that's another
Speaker 5: one that our Bloomberg listeners are very interesting.
Speaker 3: Williams.
Speaker 2: Remember mo Williams is the aufice of Williams.
Speaker 4: All right, Emily, thank you so much. Emily Graffeo Bloomberg
Speaker 4: News process at Reporter.
Speaker 3: The Stock Movers podcast from Bloomberg Radio. Check back with
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Speaker 3: making news on Wall Street and for the latest market
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