1 00:00:02,520 --> 00:00:08,840 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 --> 00:00:16,520 Speaker 2: the stock market harnessing the power of Bloomberg Data. 4 00:00:17,480 --> 00:00:19,400 Speaker 3: Let's take a look at some of the stocks on 5 00:00:19,480 --> 00:00:21,880 Speaker 3: the move today. I'll Paul swing alongside normal Linda. 6 00:00:22,079 --> 00:00:24,919 Speaker 4: I do want to turn to Tim craighead and he's 7 00:00:24,920 --> 00:00:27,280 Speaker 4: based in London. He's joining us via zoom. He's a 8 00:00:27,320 --> 00:00:32,080 Speaker 4: research director for content for Bloomberg Intelligence. And I'll look 9 00:00:32,120 --> 00:00:35,120 Speaker 4: at this story that's out right now and lots of 10 00:00:35,159 --> 00:00:38,920 Speaker 4: really interesting illustrations. But the story is called Banking Booze 11 00:00:39,360 --> 00:00:43,640 Speaker 4: and Double seven wheels. Ten companies to watch right now. Paul, 12 00:00:43,640 --> 00:00:45,720 Speaker 4: I have no idea where this is going. I'm so 13 00:00:45,840 --> 00:00:49,800 Speaker 4: curious just based off the headline alone. But Tim contextualizes 14 00:00:49,880 --> 00:00:50,840 Speaker 4: for us, tell us what. 15 00:00:50,800 --> 00:00:53,760 Speaker 1: Is this list? These ten ideas are all part of 16 00:00:53,800 --> 00:00:56,600 Speaker 1: a broader list of what we call focus ideas. Focus 17 00:00:56,680 --> 00:01:00,120 Speaker 1: ideas are where are analysts around the globe, cross regions, 18 00:01:00,160 --> 00:01:05,760 Speaker 1: cross sectors have high conviction fundamental points of view that 19 00:01:06,240 --> 00:01:10,040 Speaker 1: they think are different from what the market thinks, anti consensus, 20 00:01:10,240 --> 00:01:12,959 Speaker 1: and importantly, they're catalysts coming up that we think can 21 00:01:13,080 --> 00:01:17,920 Speaker 1: change market perceptions, and these ten all have important catalysts 22 00:01:17,920 --> 00:01:19,800 Speaker 1: coming up during the third quarter. 23 00:01:20,080 --> 00:01:22,160 Speaker 3: Tim What I like about these ideas, you know, because 24 00:01:22,160 --> 00:01:25,560 Speaker 3: people are always looking for ideas long and short, you 25 00:01:25,600 --> 00:01:28,360 Speaker 3: guys have the ideas. And what I really like that 26 00:01:28,440 --> 00:01:31,160 Speaker 3: this research format is you have the triggers. What has 27 00:01:31,200 --> 00:01:33,319 Speaker 3: to happen in order for this call to work on 28 00:01:33,360 --> 00:01:36,600 Speaker 3: a particular stock Aston Martin? What's the call here on 29 00:01:36,640 --> 00:01:37,319 Speaker 3: Aston Martin? 30 00:01:37,360 --> 00:01:40,200 Speaker 1: The call on Acid Martin. As much as I like 31 00:01:40,280 --> 00:01:42,560 Speaker 1: the cars, and obviously this is where the double O 32 00:01:42,760 --> 00:01:46,720 Speaker 1: seven reference comes from. They've got a really interesting new 33 00:01:46,880 --> 00:01:51,520 Speaker 1: lineup of vehicles, but they're short on V twelves and 34 00:01:51,880 --> 00:01:55,880 Speaker 1: notwithstanding the world of evs and all that sort of stuff, 35 00:01:56,000 --> 00:01:59,760 Speaker 1: the high end V twelves from Ferrari and Lamborghini are hot, 36 00:02:00,320 --> 00:02:03,760 Speaker 1: and you look at the inventory levels of Aston Martin 37 00:02:03,840 --> 00:02:06,920 Speaker 1: on the lots, they're too high. We think that there's 38 00:02:07,320 --> 00:02:11,440 Speaker 1: a capital infusion that's likely needed in coming months, and 39 00:02:11,639 --> 00:02:14,680 Speaker 1: so we actually have a cautious view on Aston Martin 40 00:02:14,680 --> 00:02:15,520 Speaker 1: from that perspective. 41 00:02:16,280 --> 00:02:19,760 Speaker 3: Booze Dagio, what's the story there, Dagio? 42 00:02:20,160 --> 00:02:22,800 Speaker 1: It ties in a little bit with a couple of 43 00:02:22,919 --> 00:02:26,160 Speaker 1: ideas here. You know, I mentioned Aston Martin. That's obviously 44 00:02:26,200 --> 00:02:28,800 Speaker 1: a high end consumer idea, and even though we're concerned 45 00:02:28,840 --> 00:02:33,280 Speaker 1: about Aston Martin specifically, the high end luxury vehicle market 46 00:02:33,600 --> 00:02:37,359 Speaker 1: is good. Similarly with the Agio high end Booze high 47 00:02:37,400 --> 00:02:41,120 Speaker 1: end spirits, they are the world's largest spirits manufacturer, is 48 00:02:41,240 --> 00:02:44,680 Speaker 1: doing relatively well. You know, their recent sales trends have 49 00:02:44,760 --> 00:02:49,079 Speaker 1: been robust. We think that's going to continue to show through. 50 00:02:49,400 --> 00:02:53,520 Speaker 1: There has been concern about things like tariffs and what 51 00:02:53,720 --> 00:02:56,639 Speaker 1: could be the impact, especially from a US consumer base. 52 00:02:57,400 --> 00:03:02,400 Speaker 1: We're less concerned and we're optimistic. Another consumer, higher end 53 00:03:02,639 --> 00:03:05,840 Speaker 1: idea you guys know and love in the States is 54 00:03:05,880 --> 00:03:09,800 Speaker 1: Dick Sporting Goods. You know, this is a classic good 55 00:03:09,800 --> 00:03:14,000 Speaker 1: old consumer's growth story where not only do you know 56 00:03:14,120 --> 00:03:16,720 Speaker 1: the store, but you might have been in one of 57 00:03:16,800 --> 00:03:20,360 Speaker 1: their new bigger formats where they have you know, that 58 00:03:20,480 --> 00:03:24,520 Speaker 1: much more kit. Their sales trends continue to be quite good, 59 00:03:24,560 --> 00:03:27,480 Speaker 1: despite concerns about what are tear's going to mean for 60 00:03:27,560 --> 00:03:30,720 Speaker 1: consumer here or there? So you know, those are all 61 00:03:30,800 --> 00:03:33,839 Speaker 1: those are all consumer ideas. There's certainly a common thread there. 62 00:03:34,200 --> 00:03:36,480 Speaker 4: You mentioned Dick said, I'm looking at easy Jet, which 63 00:03:36,520 --> 00:03:39,520 Speaker 4: of course we know is a low cost British airline 64 00:03:39,640 --> 00:03:41,440 Speaker 4: and we have a sunny outlook here. But what do 65 00:03:41,480 --> 00:03:45,320 Speaker 4: you think will be the most surprising call here for readers. 66 00:03:45,760 --> 00:03:49,240 Speaker 1: Yeah, it's interesting in this instance. Obviously this is not 67 00:03:49,280 --> 00:03:52,560 Speaker 1: the high end consumer. This is everyday consumer. This isn't 68 00:03:52,680 --> 00:03:55,520 Speaker 1: so much about the demand, which actually demand for travel 69 00:03:55,560 --> 00:03:59,000 Speaker 1: and experience continues to be pretty good. This is more 70 00:03:59,000 --> 00:04:02,720 Speaker 1: of a story on an operational basis. They're replacing a 71 00:04:02,760 --> 00:04:06,520 Speaker 1: lot of older planes with newer planes that have bigger 72 00:04:06,560 --> 00:04:09,080 Speaker 1: capacity and much more fuel efficient, So this is a 73 00:04:09,120 --> 00:04:13,880 Speaker 1: margin story. Easy Jet is historically lagged behind Ryan Air 74 00:04:13,920 --> 00:04:17,080 Speaker 1: at the other low cost carrier here in Europe. We 75 00:04:17,120 --> 00:04:18,760 Speaker 1: think that that's set to change. 76 00:04:19,080 --> 00:04:21,720 Speaker 3: Tim You live and work in London, but as most 77 00:04:21,760 --> 00:04:25,680 Speaker 3: of our listeners can tell, you're not an Englishman. You're 78 00:04:25,720 --> 00:04:29,280 Speaker 3: from the Great Commonwealth of Virginia. Talk to us. Are 79 00:04:29,320 --> 00:04:31,960 Speaker 3: the tourists? Is it as crazy in London this year 80 00:04:32,000 --> 00:04:34,559 Speaker 3: as it's been in recent years? What's the tourism factor 81 00:04:34,560 --> 00:04:35,360 Speaker 3: they're in London day? 82 00:04:35,800 --> 00:04:39,880 Speaker 1: The quick answer is yes, notwithstanding the fact that the 83 00:04:39,920 --> 00:04:44,320 Speaker 1: pound is actually pretty robust as of late, streets busy. 84 00:04:44,440 --> 00:04:47,120 Speaker 1: It's true in the city. Walk out the door here 85 00:04:47,320 --> 00:04:50,960 Speaker 1: Tuesday Wednesday, Thursday or the New Friday. It has been 86 00:04:51,000 --> 00:04:54,120 Speaker 1: a warm summer, but you know, this is also the 87 00:04:54,200 --> 00:04:58,120 Speaker 1: time for Wimbledon, and beyond that, it's just been busy 88 00:04:58,200 --> 00:05:00,800 Speaker 1: with people coming from all over the world, whether it's China, 89 00:05:00,839 --> 00:05:04,520 Speaker 1: whether it's the US. This seems to be a hot ticket. 90 00:05:04,800 --> 00:05:05,800 Speaker 1: Still feels pretty good. 91 00:05:06,000 --> 00:05:07,960 Speaker 3: You mentioned the pound sterling, but the with the euro 92 00:05:08,080 --> 00:05:09,560 Speaker 3: one seventeen that gets your attention. 93 00:05:09,800 --> 00:05:12,680 Speaker 1: Yeah, it does. From our perspective, this is a week 94 00:05:12,800 --> 00:05:18,960 Speaker 1: dollar story as opposed to stronger other currency story, and 95 00:05:19,000 --> 00:05:21,080 Speaker 1: we think that there's more legs to this. You know. 96 00:05:21,160 --> 00:05:23,600 Speaker 1: One of the big themes that comes up in all 97 00:05:23,640 --> 00:05:27,479 Speaker 1: the investor discussions or events that I'm at is is 98 00:05:27,520 --> 00:05:31,960 Speaker 1: the long standing premise of American exceptionalism. You pop money 99 00:05:31,960 --> 00:05:34,800 Speaker 1: in US bonds, US stocks and they take off, you know? 100 00:05:34,960 --> 00:05:39,880 Speaker 2: Is that holding the Stock Movers podcast from Bloomberg Radio. 101 00:05:40,320 --> 00:05:42,640 Speaker 2: Check back with us throughout the day for the latest 102 00:05:42,680 --> 00:05:45,839 Speaker 2: roundup of companies making news on Wall Street and for 103 00:05:45,920 --> 00:05:49,799 Speaker 2: the latest market moving headlines. Listen to Bloomberg Radio Live, 104 00:05:50,200 --> 00:05:53,480 Speaker 2: catch us on YouTube, Bloomberg dot com, and on Applecarplay 105 00:05:53,480 --> 00:05:56,039 Speaker 2: and Android Auto with the Bloomberg Business app.