WEBVTT - Stellantis Rises, Jyske Up, Mycronic Slides

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

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<v Speaker 2>Stock Movers Report, 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 now at some of the

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<v Speaker 3>stocks on the move today in Europe. I'm Stephen Carroll

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<v Speaker 3>and I'm joined by Bloomberg's Breaking He's editor Louise Moon

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<v Speaker 3>for more. Louise, good morning. Let's start with Stillantis, looking

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<v Speaker 3>like its market position in the US is recovering. Talk

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<v Speaker 3>us through how investors are reacting.

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<v Speaker 1>Indeed, yes, they had a third quarter update today saying

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<v Speaker 1>that shipment's overall rose thirteen percent, but that was really led,

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<v Speaker 1>as you say, by a rise in North America, so

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<v Speaker 1>pointing to a recovery. They've been doing a lot of

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<v Speaker 1>work to recover in America, to recover that market. So

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<v Speaker 1>they've been working down inventory in the In the US,

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<v Speaker 1>they've been reintroducing some popular models. So investors reacting positively

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<v Speaker 1>Shares Roads this morning, but it must be noted the

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<v Speaker 1>stock is still down about a quarter this year. There's

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<v Speaker 1>wide kind of turnaround efforts being done by the CEO

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<v Speaker 1>to turn the company around. They've had steep market share losses,

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<v Speaker 1>so you know, planning to invest a lot more in

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<v Speaker 1>the US to boot momentum, walking back from some EVE investments,

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<v Speaker 1>reshaping top management. So the stock on the back of

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<v Speaker 1>these market losses in the past is still down, but

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<v Speaker 1>rising this morning on what looks like a point to recovery.

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<v Speaker 3>Indeed, and we're watching the share price rising in Paris

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<v Speaker 3>as a result. Let's turn to Denmark next and the

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<v Speaker 3>bank Yisker, in fact the best performing share in the

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<v Speaker 3>stock six hundred at the moment, Yeah, to fresh record highs.

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<v Speaker 1>They gained as much as around five percent this morning.

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<v Speaker 1>That's after they upgraded their full year outlook, citing essentially

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<v Speaker 1>what they call favorable financial market. So analysts are saying

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<v Speaker 1>this is a positive update. It reflects kind of a

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<v Speaker 1>broadly based positive development. They're not totally surprised. They're seeing

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<v Speaker 1>a strong three third quarter and citing essentially positives across

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<v Speaker 1>the board, strong credit quality, high level of activity, customer

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<v Speaker 1>growth in their priority segments. So a really strong update

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<v Speaker 1>from the Danish lender there and as I say, shares recordize.

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<v Speaker 3>And in Sweden the technology company Micronic, what's the needs

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<v Speaker 3>from them?

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<v Speaker 1>Yeah, so their shares falling, so very opposite, moved from

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<v Speaker 1>them down as much as about nine percent, and that's

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<v Speaker 1>on the back of an analyst rating. So Bank of

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<v Speaker 1>America initiated coverage on Micronic and they gave them an underperform,

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<v Speaker 1>essentially saying that Chinese demand has peaked for a certain

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<v Speaker 1>type of semiconductor equipment that it makes, and they're saying

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<v Speaker 1>therefore for Micronic as a company is driving fundamentals and

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<v Speaker 1>valuation downward from here. So the growth moving forward is

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<v Speaker 1>slightly difficult to predict given that that demand from China

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<v Speaker 1>has peaked. So not a good coverage, a coverage from

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<v Speaker 1>Bank of America and really weighing on Micronic shares This morning.

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

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