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 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,120 --> 00:00:18,759 Speaker 3: Let's look at some of the stocks on the move 5 00:00:18,800 --> 00:00:21,800 Speaker 3: today in Europe. We're joined by Bluebeg's equity supported Joe 6 00:00:21,880 --> 00:00:25,040 Speaker 3: Easton Happy Friday, Joe Raber hitting the road over at 7 00:00:25,079 --> 00:00:28,000 Speaker 3: Michelin with some strong earnings. 8 00:00:28,160 --> 00:00:32,360 Speaker 4: Why happy Friday here, So Michelin gaining today. We're up 9 00:00:32,400 --> 00:00:35,839 Speaker 4: around two percent on that stock. Now. The company has 10 00:00:35,880 --> 00:00:39,120 Speaker 4: actually warned a little bit of the impact of tariffs, 11 00:00:39,159 --> 00:00:42,000 Speaker 4: are saying that people are already trying to buy cheaper 12 00:00:42,360 --> 00:00:45,639 Speaker 4: tires over in the US to prevent an impact from 13 00:00:45,720 --> 00:00:48,440 Speaker 4: the US tariffs that are going to come in. But overall, 14 00:00:48,479 --> 00:00:50,960 Speaker 4: as you say, the earnings actually looking pretty strong. It 15 00:00:51,000 --> 00:00:54,880 Speaker 4: seems like they're actually managing to maintain their prices where 16 00:00:54,920 --> 00:00:57,120 Speaker 4: they are and that is actually making up for a 17 00:00:57,160 --> 00:00:59,960 Speaker 4: bit of a drop down in volumes at the company. 18 00:01:00,000 --> 00:01:02,840 Speaker 4: The auto parts sector, of course, really hit hard by 19 00:01:02,880 --> 00:01:05,399 Speaker 4: tariff news over the past a few months. This is 20 00:01:05,480 --> 00:01:07,800 Speaker 4: kind of coming back up off a low on a 21 00:01:07,840 --> 00:01:10,800 Speaker 4: one month basis, still down around eight percent for Mitchellin 22 00:01:10,880 --> 00:01:14,000 Speaker 4: but today edging back up in Paris, up around two percent. 23 00:01:14,200 --> 00:01:18,360 Speaker 1: Yeah. Interesting to hear from cities Beata Mante their European 24 00:01:18,720 --> 00:01:23,520 Speaker 1: strategists upgrading City, upgrading their call on auto stocks, upgrading 25 00:01:23,560 --> 00:01:26,920 Speaker 1: auto stocks overnight, so suggesting that a lot of the 26 00:01:26,959 --> 00:01:29,160 Speaker 1: negativity has been priced in, so from autos to the 27 00:01:29,200 --> 00:01:32,360 Speaker 1: defense sector. Joe, you're looking at Saab. 28 00:01:32,640 --> 00:01:36,319 Speaker 4: Yeah, so Saab, this is the big Swedish defense firm. Now, 29 00:01:36,440 --> 00:01:40,080 Speaker 4: the company has had some really strong orders, so the 30 00:01:40,160 --> 00:01:43,360 Speaker 4: highest on record for the quarter of around one point 31 00:01:43,400 --> 00:01:47,120 Speaker 4: seven billion dollars. Now that is obviously because of the 32 00:01:47,440 --> 00:01:50,160 Speaker 4: conflicts that we've that have been going on, and that 33 00:01:50,240 --> 00:01:52,200 Speaker 4: has been something that's been priced into these stocks that 34 00:01:52,200 --> 00:01:56,400 Speaker 4: they've had massive rallies. Therefore, even though record orders, that 35 00:01:56,520 --> 00:01:59,400 Speaker 4: hasn't been enough to keep the analyst happy, and actually 36 00:01:59,480 --> 00:02:02,600 Speaker 4: the stock dropped as much as five percent at the 37 00:02:02,640 --> 00:02:07,200 Speaker 4: open of trading today. We're currently actually coming back up 38 00:02:07,520 --> 00:02:10,040 Speaker 4: at the moment. That must have changed between me walking 39 00:02:10,080 --> 00:02:12,400 Speaker 4: over to the studio, but we're actually up two percent now. 40 00:02:12,440 --> 00:02:16,720 Speaker 4: So potentially analysts actually appreciating the high orders, but taking 41 00:02:16,760 --> 00:02:18,639 Speaker 4: a little while to do so, because initially we saw 42 00:02:18,639 --> 00:02:21,880 Speaker 4: a drop down company also giving some interesting comments around 43 00:02:22,160 --> 00:02:24,800 Speaker 4: how they're managing to reduce the delivery time on getting 44 00:02:24,840 --> 00:02:27,919 Speaker 4: those defense products over to their clients. So therefore a 45 00:02:28,000 --> 00:02:31,560 Speaker 4: bit of a positive the stock actually reversing the early losses. 46 00:02:31,919 --> 00:02:35,679 Speaker 3: So that from SARB then a course, the French hotelier 47 00:02:36,120 --> 00:02:40,240 Speaker 3: really interesting points are sort of related to tariffs and 48 00:02:40,360 --> 00:02:42,760 Speaker 3: the tensions with the US, but they've got some very 49 00:02:42,760 --> 00:02:44,079 Speaker 3: interesting results out today. 50 00:02:44,880 --> 00:02:48,320 Speaker 4: Yes, so SAB rising to the highest level in around 51 00:02:48,320 --> 00:02:51,960 Speaker 4: a month. So Andaly is saying that the French hotels 52 00:02:52,400 --> 00:02:57,720 Speaker 4: results are favorable, mostly pointed to positive demand, particularly in Europe, 53 00:02:57,880 --> 00:03:01,079 Speaker 4: so the US was a little bit weak and also 54 00:03:01,560 --> 00:03:04,639 Speaker 4: China a little bit softer as well. Analysts are seeing 55 00:03:04,680 --> 00:03:07,040 Speaker 4: a bit of a positive read across for some of 56 00:03:07,040 --> 00:03:10,919 Speaker 4: the peers like IHG Intercontinental Hotels, also Whitbread as well, 57 00:03:10,960 --> 00:03:13,919 Speaker 4: so potentially that is looking a little bit stronger. And 58 00:03:13,960 --> 00:03:16,359 Speaker 4: actually that stock was gaining around three percent out of 59 00:03:16,360 --> 00:03:18,720 Speaker 4: the opener training as well, So it's it's a clean, 60 00:03:18,760 --> 00:03:19,800 Speaker 4: sweet positive stock. 61 00:03:19,960 --> 00:03:20,480 Speaker 1: Yeah, it is. 62 00:03:20,520 --> 00:03:22,760 Speaker 3: No, I think it's the stuff that I was mentioning 63 00:03:22,800 --> 00:03:25,519 Speaker 3: about our core is to do with the kind of 64 00:03:25,560 --> 00:03:28,360 Speaker 3: and it's basically anti American sentiment and whether people are 65 00:03:28,400 --> 00:03:31,079 Speaker 3: therefore choosing to do different things with their holidays, particularly 66 00:03:31,080 --> 00:03:34,480 Speaker 3: Canadians for example, there's a concern about European visitors maybe 67 00:03:34,560 --> 00:03:37,720 Speaker 3: avoiding the US because of that potential shift. 68 00:03:38,240 --> 00:03:40,200 Speaker 4: To see some good charts on that where you can 69 00:03:40,240 --> 00:03:43,800 Speaker 4: see the immediate drop down in US travel in recent 70 00:03:43,840 --> 00:03:45,760 Speaker 4: months with all the tariff headlines. It was kind of 71 00:03:45,800 --> 00:03:47,800 Speaker 4: an immediate impact on people's demand. 72 00:03:48,040 --> 00:03:50,160 Speaker 3: I mean, I think that that's really noteworthy, isn't it 73 00:03:50,240 --> 00:03:54,200 Speaker 3: Just how quickly consumers are actually voting with their cash. 74 00:03:55,840 --> 00:03:58,400 Speaker 4: Around where you want to go immediately seeing the data 75 00:03:58,480 --> 00:03:59,440 Speaker 4: just suddenly. 76 00:04:00,320 --> 00:04:03,600 Speaker 1: Of US airlines and one of the CEOs yesterday saying that, look, 77 00:04:03,640 --> 00:04:06,120 Speaker 1: I don't care, I don't care how you phrase it. 78 00:04:06,360 --> 00:04:08,280 Speaker 1: As far as wor constern we are seeing a recession. 79 00:04:08,520 --> 00:04:09,720 Speaker 3: Yeah, that was Southwest. 80 00:04:09,960 --> 00:04:12,880 Speaker 1: We are putting back, and all the other airlines basically 81 00:04:13,000 --> 00:04:15,400 Speaker 1: scrapping their forecast with it. They cannot forecast out through 82 00:04:15,400 --> 00:04:17,159 Speaker 1: the end of the year because of all that uncertainty, 83 00:04:17,160 --> 00:04:19,599 Speaker 1: but they were seeing consumers putting back at least on travel. 84 00:04:20,839 --> 00:04:24,960 Speaker 2: The Stock Movers podcast from Bloomberg Radio check back with 85 00:04:25,040 --> 00:04:27,800 Speaker 2: us throughout the day for the latest roundup of companies 86 00:04:27,839 --> 00:04:30,880 Speaker 2: making news on Wall Street and for the latest market 87 00:04:30,920 --> 00:04:35,279 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 88 00:04:35,320 --> 00:04:38,599 Speaker 2: Bloomberg dot com, and on Applecarplay and Android otto with 89 00:04:38,640 --> 00:04:40,119 Speaker 2: the Bloomberg Business App.