1 00:00:02,520 --> 00:00:08,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:18,280 --> 00:00:19,720 Speaker 3: Let's take a look at some of the stocks on 5 00:00:19,760 --> 00:00:22,279 Speaker 3: the move today, and we're joined by Bloomberg's Billy Lipschaltz. Billy, 6 00:00:22,280 --> 00:00:22,840 Speaker 3: what are you looking at? 7 00:00:22,960 --> 00:00:26,640 Speaker 1: I want to start with ASML, the semiconductor name under 8 00:00:26,640 --> 00:00:29,600 Speaker 1: pressure eightrs down more than five percent in US trading, 9 00:00:30,360 --> 00:00:33,320 Speaker 1: one of the worst performers alongside the likes of Nvidia 10 00:00:33,600 --> 00:00:39,199 Speaker 1: and AMD. This comes after ASML reported first quarter bookings 11 00:00:39,240 --> 00:00:42,120 Speaker 1: that were below what Wall Street was looking for. Management 12 00:00:42,159 --> 00:00:44,640 Speaker 1: team was talking up twenty twenty six as a growth year, 13 00:00:44,680 --> 00:00:47,320 Speaker 1: so normally not the kind of strength that you want 14 00:00:47,360 --> 00:00:49,840 Speaker 1: to see. The one thing that did stand out from 15 00:00:49,880 --> 00:00:51,840 Speaker 1: the earnings call on some of the commentary is as 16 00:00:51,880 --> 00:00:55,319 Speaker 1: of now, they're saying that tariffs haven't fundamentally changed their 17 00:00:55,320 --> 00:00:58,000 Speaker 1: planning or discussions that they're having with customers, but they 18 00:00:58,040 --> 00:01:00,880 Speaker 1: are continuing to monitor the situation. It is evolving. Obviously, 19 00:01:01,160 --> 00:01:03,920 Speaker 1: on a day when in videos under notable selling pressure 20 00:01:03,920 --> 00:01:07,240 Speaker 1: after restrictions around its age twenty chips being shipped to China. 21 00:01:07,440 --> 00:01:09,360 Speaker 1: All eyes that are on what's going on in the 22 00:01:09,360 --> 00:01:11,319 Speaker 1: semi space, and obviously a lot of jitter is just 23 00:01:11,360 --> 00:01:15,440 Speaker 1: given broadly speaking, the run up that we've seen in 24 00:01:15,480 --> 00:01:17,400 Speaker 1: the last few years. Yeah, I we're releasing a lot 25 00:01:17,400 --> 00:01:19,039 Speaker 1: of their peers taking it to the chin. We go up. 26 00:01:19,040 --> 00:01:21,720 Speaker 1: The Nasdaq down about one point nine percent right now. 27 00:01:22,040 --> 00:01:24,040 Speaker 1: You're also looking at Interactive Brokers. 28 00:01:24,040 --> 00:01:24,800 Speaker 3: What's going on there? 29 00:01:24,880 --> 00:01:27,720 Speaker 1: Yeah, the company reporting earnings they traded under the ticker 30 00:01:27,760 --> 00:01:31,400 Speaker 1: IVKR down right now more than nine percent, almost ten percent. 31 00:01:31,680 --> 00:01:34,760 Speaker 1: This comes after their EPs fell short of what analysts 32 00:01:34,800 --> 00:01:37,520 Speaker 1: were looking for. They blamed the analysts are blaming the 33 00:01:37,520 --> 00:01:41,400 Speaker 1: slide on their net interest income and higher expensive expenses 34 00:01:41,640 --> 00:01:43,959 Speaker 1: coming in below what analysts we're looking for. The one 35 00:01:43,959 --> 00:01:45,760 Speaker 1: thing that did stand out looking through some of the 36 00:01:45,800 --> 00:01:49,720 Speaker 1: notes was the fact that they were seeing an issue 37 00:01:50,360 --> 00:01:54,800 Speaker 1: around margin balances. And obviously companies like IBKR and some 38 00:01:54,840 --> 00:01:57,320 Speaker 1: of the other peers like Robinhood or Schwab benefit when 39 00:01:57,320 --> 00:02:00,320 Speaker 1: people are trading stocks market volatility, though some of their 40 00:02:00,360 --> 00:02:03,560 Speaker 1: ability to generate profits from loaning out those shares or 41 00:02:03,600 --> 00:02:07,920 Speaker 1: people taking on debt to trade stocks obviously being heavily 42 00:02:07,920 --> 00:02:12,240 Speaker 1: impacted so far in the wake of Donald Trump's tariff 43 00:02:12,480 --> 00:02:14,360 Speaker 1: kind of unveiling in the trade war. 44 00:02:14,280 --> 00:02:15,920 Speaker 3: That we but it like I guess, I mean, the 45 00:02:16,000 --> 00:02:18,120 Speaker 3: retail traders are still trading. I've heard, like you know, 46 00:02:18,160 --> 00:02:20,360 Speaker 3: you talk to Eric Belchunas on the ETF side from 47 00:02:20,360 --> 00:02:24,160 Speaker 3: Bloomberg Intelligence. He says, the funds keep flowing in despite 48 00:02:24,160 --> 00:02:26,000 Speaker 3: the declines in a lot of you know, stocks and 49 00:02:26,040 --> 00:02:26,680 Speaker 3: bonds and so on. 50 00:02:26,840 --> 00:02:28,520 Speaker 1: Yeah, we had a story, I had a story out 51 00:02:28,600 --> 00:02:32,000 Speaker 1: yesterday basically that a lot of these individual investors don't 52 00:02:32,080 --> 00:02:34,040 Speaker 1: care and they view the sell off as a reason 53 00:02:34,080 --> 00:02:36,440 Speaker 1: to continue to buy the dip. The one thing that 54 00:02:36,440 --> 00:02:38,720 Speaker 1: stood out to me was some data from JP Morgan 55 00:02:38,919 --> 00:02:42,160 Speaker 1: said that retail investors, this was through Monday's close, since 56 00:02:42,200 --> 00:02:44,720 Speaker 1: the tariffs were unveiled on April second, had pumped almost 57 00:02:44,760 --> 00:02:47,760 Speaker 1: eighteen billion dollars right in the market. So a lot 58 00:02:47,760 --> 00:02:51,240 Speaker 1: of big number with yeah, exactly. I mean. The interesting 59 00:02:51,280 --> 00:02:54,560 Speaker 1: thing is just the kind of vision that a lot 60 00:02:54,560 --> 00:02:57,079 Speaker 1: of these individual investors have that they don't really care. 61 00:02:57,440 --> 00:02:59,720 Speaker 1: They think their stocks eventually will go back up, and 62 00:02:59,800 --> 00:03:02,640 Speaker 1: all the last fifteen years they've been right, right exactly, 63 00:03:02,680 --> 00:03:03,280 Speaker 1: And that's really thing. 64 00:03:03,560 --> 00:03:04,160 Speaker 2: That's the thing. 65 00:03:04,800 --> 00:03:07,880 Speaker 1: So you're also looking at JB Hunt correct, Yeah, this 66 00:03:07,960 --> 00:03:10,320 Speaker 1: is so the size and scope is tough for most stocks. 67 00:03:10,360 --> 00:03:12,520 Speaker 1: Just given the volatility. JB Hunt, which is in the 68 00:03:12,560 --> 00:03:15,200 Speaker 1: trucking space down more than eight percent, trades under the 69 00:03:15,200 --> 00:03:19,120 Speaker 1: ticker JBHT trading at the lowest level since November twenty twenty. 70 00:03:19,440 --> 00:03:23,320 Speaker 1: So when you look at trucking and kind of the 71 00:03:23,400 --> 00:03:26,400 Speaker 1: idea that transports helped drive the US economy, when you're 72 00:03:26,400 --> 00:03:29,519 Speaker 1: seeing the impact from tariffs, you're seeing the broader economy 73 00:03:29,680 --> 00:03:34,560 Speaker 1: weighing on trucking stocks again missing expectations. They kind of 74 00:03:35,240 --> 00:03:39,600 Speaker 1: blamed obviously macro uncertainty, rates pressure, but analysts really souring 75 00:03:39,880 --> 00:03:42,000 Speaker 1: on the stock, slashing price targets. And again you're looking 76 00:03:42,040 --> 00:03:44,840 Speaker 1: at a company that right now down more than eight percent, 77 00:03:44,840 --> 00:03:47,120 Speaker 1: but over the last twelve months down thirty two percent, 78 00:03:47,200 --> 00:03:49,120 Speaker 1: So one of the losers on the broaders. 79 00:03:49,240 --> 00:03:49,400 Speaker 2: Yeah. 80 00:03:50,280 --> 00:03:52,840 Speaker 3: I mean, if you're calling for slower trade, and again 81 00:03:52,880 --> 00:03:56,320 Speaker 3: we had World Trade Organization today cut their outlook significantly 82 00:03:56,320 --> 00:03:59,320 Speaker 3: for world trade, and maybe you're not going to be 83 00:03:59,320 --> 00:04:02,760 Speaker 3: trading as much with you're two closest neighbors, Canada to Mexico. 84 00:04:03,320 --> 00:04:05,360 Speaker 3: It's really nan Yeah, that's a tough thing. If You're 85 00:04:05,600 --> 00:04:08,920 Speaker 3: a big nationwide truck trus sharking. 86 00:04:08,760 --> 00:04:11,240 Speaker 1: Exactly, and it's been looking at it, even looking through 87 00:04:11,240 --> 00:04:13,640 Speaker 1: some of the notes, like even though intermodal loads rows 88 00:04:13,640 --> 00:04:16,280 Speaker 1: seven point six percent year over year, they basically have 89 00:04:16,360 --> 00:04:19,040 Speaker 1: been worrying about running the business and they're actually cutting 90 00:04:19,040 --> 00:04:21,120 Speaker 1: their capex spending so trying to tighten the belt. Not 91 00:04:21,160 --> 00:04:22,920 Speaker 1: only are we seeing consumers do that, but a number 92 00:04:22,920 --> 00:04:25,960 Speaker 1: of companies now trying to kind of assess the landscape 93 00:04:25,960 --> 00:04:27,280 Speaker 1: and brain in their own spending. 94 00:04:28,320 --> 00:04:32,440 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 95 00:04:32,560 --> 00:04:35,280 Speaker 2: us throughout the day for the latest roundup of companies 96 00:04:35,320 --> 00:04:38,360 Speaker 2: making news on Wall Street and for the latest market 97 00:04:38,400 --> 00:04:42,800 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 98 00:04:42,839 --> 00:04:46,080 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 99 00:04:46,120 --> 00:04:47,599 Speaker 2: the Bloomberg Business app.