WEBVTT - Nvidia Soars; Caterpillar Beat; Mondelez Drops

0:00:02.520 --> 0:00:08.720
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

0:00:08.720 --> 0:00:12.560
<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

0:00:12.600 --> 0:00:16.280
<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

0:00:16.680 --> 0:00:18.599
<v Speaker 1>Let's take a look at some stocks on the move today.

0:00:18.600 --> 0:00:22.000
<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's Critty Goupta. On a

0:00:22.200 --> 0:00:24.319
<v Speaker 1>very busy morning for earnings before we hear from the

0:00:24.320 --> 0:00:27.960
<v Speaker 1>big tech heavyweights. But this morning, Cretty, it really seems

0:00:28.000 --> 0:00:30.200
<v Speaker 1>like in Nvidia is driving the bus.

0:00:31.160 --> 0:00:33.680
<v Speaker 3>Good morning, Nathan. Absolutely it is Nvidio, but it is

0:00:33.720 --> 0:00:37.280
<v Speaker 3>poised at the moment to break yet in other record,

0:00:37.720 --> 0:00:39.840
<v Speaker 3>the shares are higher by about three point six percent

0:00:39.880 --> 0:00:42.000
<v Speaker 3>this morning, trading at two hundred and eight dollars a share.

0:00:42.200 --> 0:00:45.920
<v Speaker 3>NVDA is your ticker as it floats, highers taking with

0:00:46.040 --> 0:00:48.600
<v Speaker 3>it really all the technology names and all the semiconductor

0:00:48.680 --> 0:00:52.360
<v Speaker 3>names with it. So you're seeing likes of AMD, LAMB Research,

0:00:53.120 --> 0:00:55.640
<v Speaker 3>among a slew of others. If there's a chip name

0:00:55.920 --> 0:00:58.840
<v Speaker 3>out there to trading today, is trading higher and probably

0:00:58.880 --> 0:01:02.279
<v Speaker 3>following in Vidia's lead. If Nvidia continues to trade at

0:01:02.280 --> 0:01:04.400
<v Speaker 3>the pace it's trading right now in the pre market

0:01:04.760 --> 0:01:07.319
<v Speaker 3>at nine thirty am New York time, it is going

0:01:07.400 --> 0:01:11.280
<v Speaker 3>to be the first five trillion dollar company around the world,

0:01:11.600 --> 0:01:14.679
<v Speaker 3>which is pretty significant given that this is, I want

0:01:14.720 --> 0:01:16.920
<v Speaker 3>to say, on pace first third day of gains now

0:01:17.080 --> 0:01:19.880
<v Speaker 3>after hitting a record on Friday, thinking a deal with

0:01:20.000 --> 0:01:22.680
<v Speaker 3>Deutsche Telecom and Nokia in the last couple of days,

0:01:22.720 --> 0:01:24.800
<v Speaker 3>and now of course a key part of the US

0:01:24.840 --> 0:01:29.680
<v Speaker 3>and China trade negotiations, it seems nevertheless, Nvidia NVDA higher

0:01:29.800 --> 0:01:31.960
<v Speaker 3>by three point six percent. Nathan, I'm gonna give you

0:01:32.000 --> 0:01:33.800
<v Speaker 3>all the winners first, then we'll go to the losers

0:01:34.120 --> 0:01:37.600
<v Speaker 3>because outperforming in video this morning. Is another name that

0:01:37.640 --> 0:01:39.800
<v Speaker 3>we like to look at for the global growth picture,

0:01:39.800 --> 0:01:43.200
<v Speaker 3>and that is Caterpillar. CEAT is your ticker, trading at

0:01:43.200 --> 0:01:45.920
<v Speaker 3>five hundred and fifty dollars a share higher by almost

0:01:45.959 --> 0:01:48.680
<v Speaker 3>five percent. This is a pretty big deal for Caterpillar.

0:01:48.680 --> 0:01:50.760
<v Speaker 3>They had that massive exposure to Asia. They were worried

0:01:50.760 --> 0:01:53.480
<v Speaker 3>about a construction slowdown as well. It looks like their

0:01:53.520 --> 0:01:56.720
<v Speaker 3>earnings are coming in very strong. They're beating estimate and

0:01:56.760 --> 0:01:59.520
<v Speaker 3>also they're talking about higher sales from their energy unit,

0:01:59.520 --> 0:02:01.760
<v Speaker 3>which is kind of the surprise to the upside for

0:02:01.880 --> 0:02:04.960
<v Speaker 3>a lot of analysts. So they're getting the Wall Street

0:02:04.960 --> 0:02:07.400
<v Speaker 3>equivalent of a round of applause. Hired by four point

0:02:07.480 --> 0:02:09.760
<v Speaker 3>nine percent this morning, five hundred and fifty dollars a

0:02:09.800 --> 0:02:12.720
<v Speaker 3>share for c AT now the last one. I'll perform

0:02:12.760 --> 0:02:16.040
<v Speaker 3>both the Nvidia and Caterpillar. I thought this one was surprising, Nathan,

0:02:16.080 --> 0:02:18.680
<v Speaker 3>But I'm taking a personal victory lap if I can. Okay,

0:02:19.120 --> 0:02:22.600
<v Speaker 3>circa my college days, when I nerded out an investment club,

0:02:22.600 --> 0:02:26.000
<v Speaker 3>I pitched a stock called te Connectivity at sixty two

0:02:26.120 --> 0:02:29.120
<v Speaker 3>dollars a shared. This morning, that is your highest traded

0:02:29.480 --> 0:02:32.560
<v Speaker 3>stock by volume, two hundred and fifty five dollars a share.

0:02:32.639 --> 0:02:35.840
<v Speaker 3>TL is your ticker hired by percent.

0:02:36.160 --> 0:02:37.560
<v Speaker 2>I know I'm not going to say it back in

0:02:37.600 --> 0:02:37.919
<v Speaker 2>the day.

0:02:38.160 --> 0:02:39.640
<v Speaker 3>I know I'm not going to say I told you so.

0:02:39.840 --> 0:02:41.720
<v Speaker 3>But someone out there is listening to this report, and

0:02:42.000 --> 0:02:44.280
<v Speaker 3>you know to them, I told you so. This is

0:02:44.280 --> 0:02:47.840
<v Speaker 3>a company that specializes in censors, things with data centers,

0:02:47.880 --> 0:02:50.880
<v Speaker 3>things like electronic equipment. They are very much a part

0:02:50.880 --> 0:02:52.799
<v Speaker 3>of the US China trade. It looks like their earnings

0:02:52.880 --> 0:02:55.640
<v Speaker 3>came in pretty strong as well. So TL is your

0:02:55.680 --> 0:02:59.359
<v Speaker 3>ticker hired by almost eight percent this morning. So enormous

0:02:59.400 --> 0:03:01.440
<v Speaker 3>move there. I'm going to give you the rapid fire

0:03:01.480 --> 0:03:03.360
<v Speaker 3>round of the downside movers. You really only need to

0:03:03.400 --> 0:03:08.160
<v Speaker 3>know one this morning, and it's Mandalize MDLZ, trading lower

0:03:08.240 --> 0:03:11.480
<v Speaker 3>by about five percent. They cut their full year earnings forecast.

0:03:11.520 --> 0:03:14.320
<v Speaker 3>It's now trading at about fifty seven dollars and change.

0:03:14.360 --> 0:03:15.840
<v Speaker 3>You look at some of the analysis from our very

0:03:15.880 --> 0:03:20.320
<v Speaker 3>own Bloomberg Intelligence, weakness in the North American biscuit business,

0:03:20.320 --> 0:03:22.840
<v Speaker 3>which to me just sounds like not enough people are

0:03:22.840 --> 0:03:26.639
<v Speaker 3>buying oreos. Mandaliz MDLZ down five percent is.

0:03:26.600 --> 0:03:31.480
<v Speaker 2>Going this stock movers report from Bloomberg Radio. Check back

0:03:31.480 --> 0:03:33.720
<v Speaker 2>with us throughout the day for the latest roundup of

0:03:33.800 --> 0:03:37.080
<v Speaker 2>companies making news on Wall Street and for the latest

0:03:37.120 --> 0:03:41.320
<v Speaker 2>market moving headlines. Listen to Bloomberg Radio Live. Catch us

0:03:41.320 --> 0:03:45.080
<v Speaker 2>on YouTube, Bloomberg dot com, and on Applecarplay and Android

0:03:45.120 --> 0:03:47.080
<v Speaker 2>Auto with the Bloomberg Business app.