Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Nathan Hager, joined by Bloomberg's Critty Goupta. On a
Speaker 1: very busy morning for earnings before we hear from the
Speaker 1: big tech heavyweights. But this morning, Cretty, it really seems
Speaker 1: like in Nvidia is driving the bus.
Speaker 3: Good morning, Nathan. Absolutely it is Nvidio, but it is
Speaker 3: poised at the moment to break yet in other record,
Speaker 3: the shares are higher by about three point six percent
Speaker 3: this morning, trading at two hundred and eight dollars a share.
Speaker 3: NVDA is your ticker as it floats, highers taking with
Speaker 3: it really all the technology names and all the semiconductor
Speaker 3: names with it. So you're seeing likes of AMD, LAMB Research,
Speaker 3: among a slew of others. If there's a chip name
Speaker 3: out there to trading today, is trading higher and probably
Speaker 3: following in Vidia's lead. If Nvidia continues to trade at
Speaker 3: the pace it's trading right now in the pre market
Speaker 3: at nine thirty am New York time, it is going
Speaker 3: to be the first five trillion dollar company around the world,
Speaker 3: which is pretty significant given that this is, I want
Speaker 3: to say, on pace first third day of gains now
Speaker 3: after hitting a record on Friday, thinking a deal with
Speaker 3: Deutsche Telecom and Nokia in the last couple of days,
Speaker 3: and now of course a key part of the US
Speaker 3: and China trade negotiations, it seems nevertheless, Nvidia NVDA higher
Speaker 3: by three point six percent. Nathan, I'm gonna give you
Speaker 3: all the winners first, then we'll go to the losers
Speaker 3: because outperforming in video this morning. Is another name that
Speaker 3: we like to look at for the global growth picture,
Speaker 3: and that is Caterpillar. CEAT is your ticker, trading at
Speaker 3: five hundred and fifty dollars a share higher by almost
Speaker 3: five percent. This is a pretty big deal for Caterpillar.
Speaker 3: They had that massive exposure to Asia. They were worried
Speaker 3: about a construction slowdown as well. It looks like their
Speaker 3: earnings are coming in very strong. They're beating estimate and
Speaker 3: also they're talking about higher sales from their energy unit,
Speaker 3: which is kind of the surprise to the upside for
Speaker 3: a lot of analysts. So they're getting the Wall Street
Speaker 3: equivalent of a round of applause. Hired by four point
Speaker 3: nine percent this morning, five hundred and fifty dollars a
Speaker 3: share for c AT now the last one. I'll perform
Speaker 3: both the Nvidia and Caterpillar. I thought this one was surprising, Nathan,
Speaker 3: But I'm taking a personal victory lap if I can. Okay,
Speaker 3: circa my college days, when I nerded out an investment club,
Speaker 3: I pitched a stock called te Connectivity at sixty two
Speaker 3: dollars a shared. This morning, that is your highest traded
Speaker 3: stock by volume, two hundred and fifty five dollars a share.
Speaker 3: TL is your ticker hired by percent.
Speaker 2: I know I'm not going to say it back in
Speaker 2: the day.
Speaker 3: I know I'm not going to say I told you so.
Speaker 3: But someone out there is listening to this report, and
Speaker 3: you know to them, I told you so. This is
Speaker 3: a company that specializes in censors, things with data centers,
Speaker 3: things like electronic equipment. They are very much a part
Speaker 3: of the US China trade. It looks like their earnings
Speaker 3: came in pretty strong as well. So TL is your
Speaker 3: ticker hired by almost eight percent this morning. So enormous
Speaker 3: move there. I'm going to give you the rapid fire
Speaker 3: round of the downside movers. You really only need to
Speaker 3: know one this morning, and it's Mandalize MDLZ, trading lower
Speaker 3: by about five percent. They cut their full year earnings forecast.
Speaker 3: It's now trading at about fifty seven dollars and change.
Speaker 3: You look at some of the analysis from our very
Speaker 3: own Bloomberg Intelligence, weakness in the North American biscuit business,
Speaker 3: which to me just sounds like not enough people are
Speaker 3: buying oreos. Mandaliz MDLZ down five percent is.
Speaker 2: Going this stock movers report from Bloomberg Radio. Check back
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Speaker 2: companies making news on Wall Street and for the latest
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