1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,560 --> 00:00:17,959 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,000 --> 00:00:20,480 Speaker 3: the move today. I'm normal Inanda with the Lexus Christophers 6 00:00:20,520 --> 00:00:22,840 Speaker 3: and we're joined by Bloomberg's Christina a Quino. Tell us 7 00:00:22,840 --> 00:00:24,000 Speaker 3: what you're watching in this market? 8 00:00:24,120 --> 00:00:25,639 Speaker 1: All right, Nora, Well, we're you going to take a 9 00:00:25,680 --> 00:00:27,640 Speaker 1: look at some of the fence stocks. As you would 10 00:00:27,640 --> 00:00:30,400 Speaker 1: expect in a situation like this, they're probably the ones 11 00:00:30,880 --> 00:00:34,040 Speaker 1: performing today and this is no exception. So taking a 12 00:00:34,080 --> 00:00:37,159 Speaker 1: look at Lockheed Martin, among the best performers on the 13 00:00:37,240 --> 00:00:38,680 Speaker 1: S and P five hundred and one of the top 14 00:00:38,720 --> 00:00:42,839 Speaker 1: ten stocks today. Those shares ticker l MT shares are 15 00:00:42,920 --> 00:00:45,280 Speaker 1: up now two point four percent, so pairing some of 16 00:00:45,320 --> 00:00:48,199 Speaker 1: those opening games that we saw at the beginning of 17 00:00:48,320 --> 00:00:51,240 Speaker 1: cash rating here in the US, but still very much 18 00:00:51,560 --> 00:00:54,600 Speaker 1: in the green. And we have our Bloominknowledges analysts of course, 19 00:00:54,640 --> 00:00:57,640 Speaker 1: weighing in on the move that we're seeing today. They're 20 00:00:57,680 --> 00:01:00,640 Speaker 1: saying that, you know, the the Iran strikes really just 21 00:01:00,720 --> 00:01:05,080 Speaker 1: reinforce the primacy of air and sea assets and that 22 00:01:05,280 --> 00:01:08,600 Speaker 1: crude platforms are retaining a clear relevance, which of course 23 00:01:08,680 --> 00:01:12,440 Speaker 1: Lockheed is very much a player in that space. Are 24 00:01:12,520 --> 00:01:16,479 Speaker 1: analysts also saying that self fighters remain a decisive advantage 25 00:01:16,520 --> 00:01:20,640 Speaker 1: for countries' militaries, and air defense very much critical to 26 00:01:20,680 --> 00:01:24,360 Speaker 1: protecting key assets. Again, a lot of Lockey Martins products 27 00:01:24,360 --> 00:01:29,960 Speaker 1: definitely serving that goal there and beyond you know what's 28 00:01:30,000 --> 00:01:33,399 Speaker 1: happening geopolitically. Of course, we have seen some benefit to 29 00:01:33,440 --> 00:01:36,760 Speaker 1: Lockheed as well from the fiscal spending that we've seen 30 00:01:36,800 --> 00:01:39,759 Speaker 1: from Congress this year. Congress adding three billion dollars to 31 00:01:40,280 --> 00:01:42,679 Speaker 1: the budget for air defense bring that total to forty 32 00:01:42,760 --> 00:01:46,120 Speaker 1: point eight billion, and fifty six percent of that upside 33 00:01:46,160 --> 00:01:50,040 Speaker 1: is going to Lockheed's CEE one to three OJ units. 34 00:01:50,120 --> 00:01:50,720 Speaker 1: So there you go. 35 00:01:51,680 --> 00:01:55,240 Speaker 2: You've also got Occidental Petroleum on your screen. I'm taking 36 00:01:55,240 --> 00:01:58,120 Speaker 2: a look at what it's doing right now, and okay, 37 00:01:58,280 --> 00:01:59,320 Speaker 2: up two percent. 38 00:01:59,200 --> 00:02:02,760 Speaker 1: Exactly, extending some of those games that we've seen at 39 00:02:02,760 --> 00:02:06,800 Speaker 1: the open there. Alexis again Occidental one of the outperformers 40 00:02:06,840 --> 00:02:10,119 Speaker 1: today given that move iDeer we've seen in oil prices 41 00:02:10,160 --> 00:02:13,359 Speaker 1: and so take her ox Y. Those are two point 42 00:02:13,400 --> 00:02:16,200 Speaker 1: three percent at the moment of our third straight day 43 00:02:16,960 --> 00:02:19,160 Speaker 1: and again because of those games that we've seen both 44 00:02:19,200 --> 00:02:23,120 Speaker 1: in Brent and WTI, and again Bloomber Intelligence weighing in 45 00:02:23,280 --> 00:02:26,120 Speaker 1: on this. I think the key for oil and oil 46 00:02:26,160 --> 00:02:30,160 Speaker 1: related socks is very much whether energy infrastructure and transport 47 00:02:30,240 --> 00:02:34,400 Speaker 1: hubs are severely impaired and most importantly weather. There's a 48 00:02:34,440 --> 00:02:36,920 Speaker 1: blockage to the Strait of Horror moves, a lot of 49 00:02:36,960 --> 00:02:41,680 Speaker 1: shipping coming through through that channel, and so the world's 50 00:02:41,720 --> 00:02:45,679 Speaker 1: oil absolutely absolutely, so that really is what to watch 51 00:02:45,800 --> 00:02:49,200 Speaker 1: for markets, but specifically for occidental sock. We did see 52 00:02:49,280 --> 00:02:53,360 Speaker 1: last week Fitch upgrading their credit rating to triple B 53 00:02:53,480 --> 00:02:57,280 Speaker 1: from triple B minus and they're talking about the company's 54 00:02:57,639 --> 00:03:00,600 Speaker 1: execution of their debt reduction plan for twenty twenty. They 55 00:03:00,680 --> 00:03:04,359 Speaker 1: see that is going well, and they also see another 56 00:03:04,520 --> 00:03:07,600 Speaker 1: about seven hundred million dollars in debt in terms of 57 00:03:08,080 --> 00:03:12,120 Speaker 1: debt being reduced. That is giving them a more positive 58 00:03:12,120 --> 00:03:13,120 Speaker 1: outlook for this company. 59 00:03:13,240 --> 00:03:16,200 Speaker 3: So you've also got your eyes on Norwegian Cruise and 60 00:03:16,280 --> 00:03:19,000 Speaker 3: I'm curious tell me about how this is also related 61 00:03:19,040 --> 00:03:20,480 Speaker 3: to the Auran conflict. 62 00:03:20,720 --> 00:03:23,600 Speaker 1: I mean, I think that's being swept up in just 63 00:03:23,720 --> 00:03:26,880 Speaker 1: the clines that we're seeing in traveling leisure sacks generally today, 64 00:03:26,919 --> 00:03:30,280 Speaker 1: though for Norwegian specifically, we did have their results pre market, 65 00:03:30,560 --> 00:03:34,280 Speaker 1: so ticker and CLH. Those airs are down massively today, 66 00:03:34,280 --> 00:03:38,200 Speaker 1: more than nine percent less down though than they were 67 00:03:38,240 --> 00:03:41,000 Speaker 1: at the opening. They were down about twelve percent just 68 00:03:41,080 --> 00:03:43,520 Speaker 1: around the open. But yeah, we did see their results. 69 00:03:43,600 --> 00:03:46,120 Speaker 1: It's not a great set of results. A lot of 70 00:03:46,160 --> 00:03:49,400 Speaker 1: focus on those net yields measure, which is a key 71 00:03:49,440 --> 00:03:54,000 Speaker 1: industry measure of revenue per available passenger during cruise day, 72 00:03:54,120 --> 00:03:56,400 Speaker 1: and they expect that to be a little changed. They're 73 00:03:56,440 --> 00:03:59,120 Speaker 1: also forecasting earnings for the full year that fell short 74 00:03:59,160 --> 00:04:03,480 Speaker 1: of estimates. To dollars thirty eight per share is their forecast, 75 00:04:03,480 --> 00:04:05,600 Speaker 1: which is less than a two dollars fifty nine cents 76 00:04:05,640 --> 00:04:09,839 Speaker 1: per share that analysts are forecasting, and so CEO John 77 00:04:09,920 --> 00:04:13,200 Speaker 1: Chidzi saying, quote, my initial assessment is that our strategy 78 00:04:13,280 --> 00:04:17,400 Speaker 1: is sound, but execution and cross functional alignment have followed start. 79 00:04:17,400 --> 00:04:19,159 Speaker 1: It really is all about the execution. You can have 80 00:04:19,160 --> 00:04:21,760 Speaker 1: the best strategy in the world, but if you're executing 81 00:04:21,800 --> 00:04:25,039 Speaker 1: it not that well, then it goes out the window. 82 00:04:26,040 --> 00:04:30,040 Speaker 2: The stock movers report from Bloomberg Radio check back with 83 00:04:30,120 --> 00:04:32,720 Speaker 2: us throughout the day. For the latest roundup of companies 84 00:04:32,800 --> 00:04:35,880 Speaker 2: making news on Wall Street, and for the latest market 85 00:04:35,920 --> 00:04:40,400 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 86 00:04:40,480 --> 00:04:43,960 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 87 00:04:44,040 --> 00:04:45,520 Speaker 2: the Bloomberg Business app.