1 00:00:02,520 --> 00:00:09,040 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 --> 00:00:17,360 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,520 --> 00:00:20,119 Speaker 3: Let's see where some individual stock names we're moving. We 5 00:00:20,200 --> 00:00:25,040 Speaker 3: go to Christine Akino, Bloomberg News Managing Editor. I just 6 00:00:25,120 --> 00:00:27,840 Speaker 3: learned what that means in the world of journalism, and 7 00:00:27,880 --> 00:00:31,280 Speaker 3: that's a big thing. So now I'll be on better behavior, Christine. 8 00:00:31,280 --> 00:00:31,920 Speaker 3: What are you looking at here? 9 00:00:32,400 --> 00:00:35,120 Speaker 1: Oh, Paul, Well, let's take a look at Caidence, shall we. 10 00:00:35,200 --> 00:00:39,360 Speaker 1: That's ticker CDNs, and it is one of the stocks 11 00:00:39,400 --> 00:00:44,680 Speaker 1: that are benefiting from this new development in US China relationship, 12 00:00:44,800 --> 00:00:47,519 Speaker 1: which is basically that the US is now lifting its 13 00:00:47,560 --> 00:00:52,200 Speaker 1: export license requirements for chip design software shares in China. Really, 14 00:00:52,200 --> 00:00:54,279 Speaker 1: what this means is that these companies that have been 15 00:00:54,280 --> 00:00:57,840 Speaker 1: supplying design technology to chip companies now once again free 16 00:00:57,880 --> 00:01:00,600 Speaker 1: to do business in China. And you know, we talked 17 00:01:00,640 --> 00:01:04,119 Speaker 1: about Synopsis benefiting from this earlier, but for Cadence specifically, 18 00:01:04,360 --> 00:01:08,120 Speaker 1: this is important because Bloomberg Intelligence was just warning earlier 19 00:01:08,160 --> 00:01:11,240 Speaker 1: this week that you know, it's sales in China, which 20 00:01:11,280 --> 00:01:14,399 Speaker 1: represents about eleven percent of total sales they rose at 21 00:01:14,440 --> 00:01:17,560 Speaker 1: a fifteen percent annualized rate in twenty twenty one to 22 00:01:17,560 --> 00:01:19,640 Speaker 1: twenty twenty four, but then that dropped to just twelve 23 00:01:19,680 --> 00:01:22,119 Speaker 1: percent of revenue in twenty twenty four. And so had 24 00:01:22,120 --> 00:01:26,040 Speaker 1: this been the development not been a positive one, then 25 00:01:26,160 --> 00:01:28,480 Speaker 1: that would have been problematic for this particular company. 26 00:01:28,760 --> 00:01:31,480 Speaker 2: What about DuPont ticker d D. What's going on there? 27 00:01:31,560 --> 00:01:34,400 Speaker 1: That's right, Isabelle? So DuPont also enjoying an update today. 28 00:01:34,680 --> 00:01:37,800 Speaker 1: Shares currently up just one point three percent at the moment. 29 00:01:37,880 --> 00:01:40,880 Speaker 1: And so we have The Financial Times reporting that a 30 00:01:40,959 --> 00:01:44,880 Speaker 1: number of private equity groups, including Advent International and Platinum Equity, 31 00:01:45,160 --> 00:01:48,760 Speaker 1: are vying to buy two billion dollars worth of DuPont's assets, 32 00:01:48,840 --> 00:01:53,520 Speaker 1: including the Kevlar bulletproof brand. Is it something you're familiar. 33 00:01:53,240 --> 00:01:55,800 Speaker 3: With, Paul, Yeah, the body armor stone, that's right. 34 00:01:55,960 --> 00:01:59,440 Speaker 1: Yeah, So that's one of the assets that these private 35 00:01:59,440 --> 00:02:02,560 Speaker 1: equity comes these are particularly interested in. Bids are expected 36 00:02:02,600 --> 00:02:07,000 Speaker 1: to be submitted this month, though, FT also reporting though 37 00:02:07,160 --> 00:02:10,120 Speaker 1: that DuPont might still opt to keep those brands, and 38 00:02:10,160 --> 00:02:12,280 Speaker 1: other bidders could emerge, but so far these two are 39 00:02:12,320 --> 00:02:12,960 Speaker 1: de front runners. 40 00:02:13,000 --> 00:02:15,680 Speaker 3: Saw some analysts upgrades as well. City and argusts and 41 00:02:15,680 --> 00:02:17,480 Speaker 3: taking price targets up and all that kind of stuff 42 00:02:17,480 --> 00:02:20,280 Speaker 3: in the streets. Some street action out there as well. 43 00:02:20,320 --> 00:02:22,400 Speaker 3: All right, how about Numont Gold. 44 00:02:22,360 --> 00:02:25,119 Speaker 1: Newmont Gold ticker and em so that's on the downside 45 00:02:25,160 --> 00:02:27,640 Speaker 1: at the moment. Shares currently down just a little bit 46 00:02:27,680 --> 00:02:30,200 Speaker 1: four tenths of one percent, and you know, we did 47 00:02:30,200 --> 00:02:35,240 Speaker 1: get a UBS target increase, so now they're looking at 48 00:02:35,520 --> 00:02:39,680 Speaker 1: sixty eight dollars from from sixty previously, so that's about 49 00:02:39,680 --> 00:02:42,640 Speaker 1: a thirteen percent increase from its current training price. But 50 00:02:42,919 --> 00:02:45,360 Speaker 1: you know, they're reporting results later this month, and the 51 00:02:45,400 --> 00:02:48,919 Speaker 1: warning from Bloomberg Intelligence is that second quarter EBITDA could 52 00:02:48,919 --> 00:02:52,200 Speaker 1: decline modestly. And you know, gold's price has been jumping, 53 00:02:52,280 --> 00:02:54,919 Speaker 1: but that might not be enough to offset to drop 54 00:02:54,960 --> 00:02:58,160 Speaker 1: in sales. But on the upside, it does have solid 55 00:02:58,160 --> 00:03:00,760 Speaker 1: performance in some of its core ass and that could 56 00:03:00,800 --> 00:03:02,880 Speaker 1: lift its gold output, which means that you know, the 57 00:03:02,919 --> 00:03:05,520 Speaker 1: current consensus for EBITDA around one hundred to two hundred 58 00:03:05,560 --> 00:03:07,519 Speaker 1: million dollars might be a little low. So we'll see. 59 00:03:07,600 --> 00:03:08,520 Speaker 1: Later this month, they're going to. 60 00:03:08,520 --> 00:03:13,799 Speaker 2: Be reporting the Stock Movers podcast from Bloomberg Radio. Check 61 00:03:13,840 --> 00:03:16,360 Speaker 2: back with us throughout the day for the latest roundup 62 00:03:16,400 --> 00:03:19,239 Speaker 2: of companies making news on Wall Street and for the 63 00:03:19,320 --> 00:03:23,720 Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live. Catch 64 00:03:23,800 --> 00:03:26,919 Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and 65 00:03:26,919 --> 00:03:29,359 Speaker 2: Android Auto with the Bloomberg Business app.