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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's get a look at some of the stocks on

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Speaker 3: the move today. I'm all swinging alongside John Tucker and

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Speaker 3: we're joined by Bloomberg's Isabellelee. Isabel what are you looking at?

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Speaker 1: We're looking at Nike shares are hired by almost four percent,

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Speaker 1: and that comes after JP Morgan upgraded the stock to overweight.

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Speaker 1: So they cited the earnings impact of Nike's five pronged

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Speaker 1: multi year recovery plan. So the analyst Matthew Boss notes

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Speaker 1: that the recovery plan will equate to positive EPs growth

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Speaker 1: in the high teens to twenty percent through twenty thirty.

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Speaker 1: So this includes the global inventory alignment to sales growth

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Speaker 1: and accelerating momentum. The price target is that to ninety

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Speaker 1: three dollars from sixty four dollars. That's implying a twenty

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Speaker 1: two percent increase from Friday's close.

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Speaker 2: One of the companies spun out of gege Verona.

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Speaker 3: What do they do? So?

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Speaker 1: G Verona is the name of the energy business. It

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Speaker 1: was spun off from GE. And you know the spin

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Speaker 1: off of g Verona Vernova was finalized in April two

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Speaker 1: last year.

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Speaker 3: All right, so what's going on with these guys today?

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Speaker 1: So now we're looking at just GE. So Bank of

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Speaker 1: America raised a price target on GE to three hundred

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Speaker 1: and ten from two hundred and thirty. They maintain a

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Speaker 1: buy rating. Stock is kind of down by five tens

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Speaker 1: of one percent. So in July seventeen, we know that

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Speaker 1: GE reported its earnings. Then they boosted a full year

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Speaker 1: financial guidance and top estimates. And that comes after a

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Speaker 1: rebound in the aviation market, which was of course often

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Speaker 1: by the impact of the global trade war. And the

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Speaker 1: company is just really benefiting from a surge and orders

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Speaker 1: that has slowed earlier this year. So for now stock

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Speaker 1: is edging lower, but maybe we'll see it oscillate throughout

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Speaker 1: the day.

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Speaker 3: So this is GE Yesova, which is the electric power company.

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Speaker 3: GeV is the ticker. Okay, yeah, okay, all right, very

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Speaker 3: very good. Let's do one more. Let's do ASML.

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Speaker 1: So this one is also on on the rise, up

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Speaker 1: by almost three percent. And other European semiconductor stocks actually,

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Speaker 1: but for now we'll focus on ASML, so stock is

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Speaker 1: rising after their key customer, Samsung, wins a contract to

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Speaker 1: make AI chips for Tesla. So Samsung will make the

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Speaker 1: chips in a sixteen and a half billion dollar deal.

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Speaker 1: So this is a crucial win because the foundery division

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Speaker 1: has been underperforming. And note that the lack of demand

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Speaker 1: from two key clients Samson and Intel has contributed to

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Speaker 1: the drag in ASML's underperformance year over year the past year.

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Speaker 1: So this is again a win. And of course we

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Speaker 1: also have a USU trade agreement that exempts tire uf

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Speaker 1: on semiconductor equipment. This again is adding to the boost.

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Speaker 1: So ASML stock is up now by two point seven percent.

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Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

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Speaker 2: the Bloomberg Business app. Mm hmm