WEBVTT - Lockheed Martin Rises, Occidental Petroleum Gains, Norwegian Cruise Lines Falls on Negative Forecast

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 3>Let's take a look at some of the stocks on

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<v Speaker 3>the move today. I'm normal Inanda with the Lexus Christophers

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<v Speaker 3>and we're joined by Bloomberg's Christina a Quino. Tell us

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<v Speaker 3>what you're watching in this market?

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<v Speaker 1>All right, Nora, Well, we're you going to take a

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<v Speaker 1>look at some of the fence stocks. As you would

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<v Speaker 1>expect in a situation like this, they're probably the ones

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<v Speaker 1>performing today and this is no exception. So taking a

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<v Speaker 1>look at Lockheed Martin, among the best performers on the

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<v Speaker 1>S and P five hundred and one of the top

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<v Speaker 1>ten stocks today. Those shares ticker l MT shares are

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<v Speaker 1>up now two point four percent, so pairing some of

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<v Speaker 1>those opening games that we saw at the beginning of

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<v Speaker 1>cash rating here in the US, but still very much

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<v Speaker 1>in the green. And we have our Bloominknowledges analysts of course,

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<v Speaker 1>weighing in on the move that we're seeing today. They're

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<v Speaker 1>saying that, you know, the the Iran strikes really just

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<v Speaker 1>reinforce the primacy of air and sea assets and that

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<v Speaker 1>crude platforms are retaining a clear relevance, which of course

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<v Speaker 1>Lockheed is very much a player in that space. Are

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<v Speaker 1>analysts also saying that self fighters remain a decisive advantage

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<v Speaker 1>for countries' militaries, and air defense very much critical to

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<v Speaker 1>protecting key assets. Again, a lot of Lockey Martins products

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<v Speaker 1>definitely serving that goal there and beyond you know what's

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<v Speaker 1>happening geopolitically. Of course, we have seen some benefit to

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<v Speaker 1>Lockheed as well from the fiscal spending that we've seen

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<v Speaker 1>from Congress this year. Congress adding three billion dollars to

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<v Speaker 1>the budget for air defense bring that total to forty

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<v Speaker 1>point eight billion, and fifty six percent of that upside

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<v Speaker 1>is going to Lockheed's CEE one to three OJ units.

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<v Speaker 1>So there you go.

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<v Speaker 2>You've also got Occidental Petroleum on your screen. I'm taking

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<v Speaker 2>a look at what it's doing right now, and okay,

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<v Speaker 2>up two percent.

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<v Speaker 1>Exactly, extending some of those games that we've seen at

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<v Speaker 1>the open there. Alexis again Occidental one of the outperformers

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<v Speaker 1>today given that move iDeer we've seen in oil prices

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<v Speaker 1>and so take her ox Y. Those are two point

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<v Speaker 1>three percent at the moment of our third straight day

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<v Speaker 1>and again because of those games that we've seen both

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<v Speaker 1>in Brent and WTI, and again Bloomber Intelligence weighing in

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<v Speaker 1>on this. I think the key for oil and oil

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<v Speaker 1>related socks is very much whether energy infrastructure and transport

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<v Speaker 1>hubs are severely impaired and most importantly weather. There's a

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<v Speaker 1>blockage to the Strait of Horror moves, a lot of

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<v Speaker 1>shipping coming through through that channel, and so the world's

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<v Speaker 1>oil absolutely absolutely, so that really is what to watch

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<v Speaker 1>for markets, but specifically for occidental sock. We did see

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<v Speaker 1>last week Fitch upgrading their credit rating to triple B

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<v Speaker 1>from triple B minus and they're talking about the company's

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<v Speaker 1>execution of their debt reduction plan for twenty twenty. They

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<v Speaker 1>see that is going well, and they also see another

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<v Speaker 1>about seven hundred million dollars in debt in terms of

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<v Speaker 1>debt being reduced. That is giving them a more positive

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<v Speaker 1>outlook for this company.

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<v Speaker 3>So you've also got your eyes on Norwegian Cruise and

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<v Speaker 3>I'm curious tell me about how this is also related

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<v Speaker 3>to the Auran conflict.

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<v Speaker 1>I mean, I think that's being swept up in just

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<v Speaker 1>the clines that we're seeing in traveling leisure sacks generally today,

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<v Speaker 1>though for Norwegian specifically, we did have their results pre market,

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<v Speaker 1>so ticker and CLH. Those airs are down massively today,

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<v Speaker 1>more than nine percent less down though than they were

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<v Speaker 1>at the opening. They were down about twelve percent just

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<v Speaker 1>around the open. But yeah, we did see their results.

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<v Speaker 1>It's not a great set of results. A lot of

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<v Speaker 1>focus on those net yields measure, which is a key

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<v Speaker 1>industry measure of revenue per available passenger during cruise day,

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<v Speaker 1>and they expect that to be a little changed. They're

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<v Speaker 1>also forecasting earnings for the full year that fell short

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<v Speaker 1>of estimates. To dollars thirty eight per share is their forecast,

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<v Speaker 1>which is less than a two dollars fifty nine cents

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<v Speaker 1>per share that analysts are forecasting, and so CEO John

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<v Speaker 1>Chidzi saying, quote, my initial assessment is that our strategy

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<v Speaker 1>is sound, but execution and cross functional alignment have followed start.

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<v Speaker 1>It really is all about the execution. You can have

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<v Speaker 1>the best strategy in the world, but if you're executing

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<v Speaker 1>it not that well, then it goes out the window.

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