1 00:00:02,520 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:18,159 Speaker 1: Well, let's take a look at some stocks on the 5 00:00:18,160 --> 00:00:20,720 Speaker 1: move today in Europe. I'm Stephen Carroll with Leslie Burton, 6 00:00:20,760 --> 00:00:24,000 Speaker 1: and we're joined by Bloomberg reporter Chloe Melee. Chloe, good morning. 7 00:00:24,120 --> 00:00:29,000 Speaker 1: Let's start them with ASML, the Surgeon shares after their results. 8 00:00:29,040 --> 00:00:30,240 Speaker 1: What's pushing them so high? 9 00:00:30,560 --> 00:00:33,360 Speaker 3: Yeah, fantastic day for ASML today and for that chip 10 00:00:33,360 --> 00:00:36,360 Speaker 3: sector in Europe in general, and the results from ASML 11 00:00:36,840 --> 00:00:40,280 Speaker 3: drove higher. All of those names like Infinni and b Semi, 12 00:00:40,360 --> 00:00:42,680 Speaker 3: all of them were in the green and quite strongly 13 00:00:42,720 --> 00:00:45,080 Speaker 3: in the green this morning. So the reason for this 14 00:00:45,159 --> 00:00:48,360 Speaker 3: is because ASML reported orders for the fourth quarter that 15 00:00:48,479 --> 00:00:51,120 Speaker 3: were nearly double what Analyz had expected, so a major 16 00:00:51,159 --> 00:00:53,840 Speaker 3: beat there, and then its outlook for twenty twenty six 17 00:00:54,080 --> 00:00:56,880 Speaker 3: was also quite a beat. And it also announced a 18 00:00:56,920 --> 00:00:59,600 Speaker 3: twelve billion euro buyback by the end of twenty twenty 19 00:00:59,640 --> 00:01:02,880 Speaker 3: eight and also about seventeen hundred drop cuts to make 20 00:01:02,920 --> 00:01:05,920 Speaker 3: its operations a bit more streamlined, a bit more agile, 21 00:01:06,200 --> 00:01:08,319 Speaker 3: and all of that has really led the shares much 22 00:01:08,400 --> 00:01:11,760 Speaker 3: higher this morning, and the CEO said that clients were 23 00:01:11,800 --> 00:01:15,440 Speaker 3: turning more and more optimistic about AI demand, which explains 24 00:01:15,440 --> 00:01:18,600 Speaker 3: that record order intake and also boats quite well for 25 00:01:18,640 --> 00:01:21,399 Speaker 3: the coming quarters. So this is kind of yet another 26 00:01:21,480 --> 00:01:24,520 Speaker 3: sign of this AM momentum after we already had an 27 00:01:24,600 --> 00:01:28,040 Speaker 3: upy outlook from TSMC recently, which is a big customer 28 00:01:28,319 --> 00:01:32,000 Speaker 3: for ASML, and ASML is particularly well positioned within that 29 00:01:32,120 --> 00:01:35,399 Speaker 3: kind of chip equipment sector because it's the only producer 30 00:01:35,480 --> 00:01:38,240 Speaker 3: of a certain kind of machine that is needed to 31 00:01:38,240 --> 00:01:41,760 Speaker 3: make a really advanced semiconductors, and so if it does well, 32 00:01:41,800 --> 00:01:44,120 Speaker 3: that means that TSMC is doing well, it means that 33 00:01:44,240 --> 00:01:47,080 Speaker 3: Nvidia is doing well, and it means that AI demand 34 00:01:47,240 --> 00:01:50,080 Speaker 3: is very strong, and so that has really led the 35 00:01:50,120 --> 00:01:53,040 Speaker 3: shares higher across that sector this morning. So there's a 36 00:01:53,040 --> 00:01:55,800 Speaker 3: lot of optimism there, okay, But it's the opposite story 37 00:01:55,800 --> 00:01:58,720 Speaker 3: for LVMH this morning, Chloe a sign of sector weakness. 38 00:01:58,720 --> 00:02:02,200 Speaker 3: Perhaps for luxury, yes, probably so. The sales from LVMH 39 00:02:02,280 --> 00:02:05,240 Speaker 3: came in below expectations, and the CEO said that the 40 00:02:05,280 --> 00:02:08,359 Speaker 3: outlook was quite uncertain at least in the near term, 41 00:02:08,440 --> 00:02:10,400 Speaker 3: even though it might be a little bit better in 42 00:02:10,440 --> 00:02:12,919 Speaker 3: the longer term, and that has dragged down the rest 43 00:02:13,000 --> 00:02:16,320 Speaker 3: of the luxury sector. This morning all in the red, 44 00:02:16,360 --> 00:02:19,000 Speaker 3: so Christian do or ms carrying all of those were 45 00:02:19,160 --> 00:02:22,680 Speaker 3: down this morning. It's an interesting reversal given that at 46 00:02:22,720 --> 00:02:24,919 Speaker 3: the beginning of the ending season there was quite a 47 00:02:24,960 --> 00:02:28,359 Speaker 3: lot of enthusiasm from investors because we had quite good 48 00:02:28,400 --> 00:02:31,680 Speaker 3: results from the first few companies that reported, so Barbary 49 00:02:31,960 --> 00:02:34,640 Speaker 3: and Richmond came out with quite good numbers, quite up 50 00:02:34,639 --> 00:02:37,600 Speaker 3: the outlooks. But LVMH really is the bell weather for 51 00:02:37,639 --> 00:02:40,480 Speaker 3: this industry, so the fact that numbers were weak is 52 00:02:40,639 --> 00:02:44,320 Speaker 3: very really not very encouraging, and it perhaps shows that 53 00:02:44,400 --> 00:02:47,720 Speaker 3: the results from Barberie and Richmore maybe were a little 54 00:02:47,720 --> 00:02:51,560 Speaker 3: bit more company specific rather than indicative of a wider rebound. 55 00:02:51,600 --> 00:02:53,799 Speaker 3: And you know, we know that Rishmore is more exposed 56 00:02:53,800 --> 00:02:56,560 Speaker 3: to jewelry, for example, which is much more resilient, and 57 00:02:56,639 --> 00:02:59,079 Speaker 3: Burbery is also undergoing a turnaround, so that might have 58 00:02:59,120 --> 00:03:01,560 Speaker 3: been why I was doing better better. So it looks 59 00:03:01,560 --> 00:03:03,920 Speaker 3: like the journey back to growth for their luxury sector 60 00:03:04,400 --> 00:03:07,760 Speaker 3: is looking a little bumpy based on those lv IMAGE numbers. 61 00:03:08,440 --> 00:03:12,480 Speaker 1: Okay, and then to Volvo trucks and their latest earning statement. 62 00:03:12,520 --> 00:03:13,280 Speaker 1: What's been the reaction. 63 00:03:13,800 --> 00:03:15,480 Speaker 3: Yeah, so it's been a tough few months for the 64 00:03:15,480 --> 00:03:18,600 Speaker 3: truck industry, but things are looking up according to Volvo. 65 00:03:18,720 --> 00:03:22,440 Speaker 3: So they raised their outlook for the European truck market 66 00:03:22,480 --> 00:03:26,200 Speaker 3: and they also said that they were expecting better retail 67 00:03:26,240 --> 00:03:29,359 Speaker 3: sales in North America this year as well. So this 68 00:03:29,480 --> 00:03:31,920 Speaker 3: shows that perhaps the worst is over for this market 69 00:03:31,960 --> 00:03:35,760 Speaker 3: after quite a prolonged downturn there, which was particularly bad 70 00:03:35,800 --> 00:03:38,960 Speaker 3: in North America. Sales have been declining in the region 71 00:03:39,040 --> 00:03:40,880 Speaker 3: for quite a while, and that was because of a 72 00:03:41,000 --> 00:03:44,240 Speaker 3: range of factors, and you know, we had regulatory uncertainty, 73 00:03:44,280 --> 00:03:47,280 Speaker 3: but then also more importantly, we had tariffs, which meant 74 00:03:47,280 --> 00:03:50,280 Speaker 3: that there were few goods to transport, therefore less demand 75 00:03:50,280 --> 00:03:52,840 Speaker 3: for trucks, and then there were tariffs that were imposed 76 00:03:53,080 --> 00:03:55,160 Speaker 3: on the truck makers themselves. So there was a lot 77 00:03:55,200 --> 00:03:58,560 Speaker 3: of tariff uncertainty that was weighing on that sector. But 78 00:03:58,680 --> 00:04:01,320 Speaker 3: now there are signs of maybe you thinks, stabilizing, of 79 00:04:01,480 --> 00:04:04,839 Speaker 3: orders picking up again. And even though the company said 80 00:04:04,880 --> 00:04:08,440 Speaker 3: that North and South America was still slightly weaker regions, 81 00:04:08,880 --> 00:04:12,120 Speaker 3: you know, so it's a tentative recovery, but it seems 82 00:04:12,120 --> 00:04:15,640 Speaker 3: that things are getting a little better for Volvo and 83 00:04:15,720 --> 00:04:19,120 Speaker 3: that potentially quite well for pears like Diamond. 84 00:04:18,839 --> 00:04:19,480 Speaker 1: Truck as well. 85 00:04:20,240 --> 00:04:24,280 Speaker 2: The Stock Movers Report from Bloomberg Radio. 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