Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move today. I'm normal Inanda with the Lexus Christophers
Speaker 3: and we're joined by Bloomberg's Christina a Quino. Tell us
Speaker 3: what you're watching in this market?
Speaker 1: All right, Nora, Well, we're you going to take a
Speaker 1: look at some of the fence stocks. As you would
Speaker 1: expect in a situation like this, they're probably the ones
Speaker 1: performing today and this is no exception. So taking a
Speaker 1: look at Lockheed Martin, among the best performers on the
Speaker 1: S and P five hundred and one of the top
Speaker 1: ten stocks today. Those shares ticker l MT shares are
Speaker 1: up now two point four percent, so pairing some of
Speaker 1: those opening games that we saw at the beginning of
Speaker 1: cash rating here in the US, but still very much
Speaker 1: in the green. And we have our Bloominknowledges analysts of course,
Speaker 1: weighing in on the move that we're seeing today. They're
Speaker 1: saying that, you know, the the Iran strikes really just
Speaker 1: reinforce the primacy of air and sea assets and that
Speaker 1: crude platforms are retaining a clear relevance, which of course
Speaker 1: Lockheed is very much a player in that space. Are
Speaker 1: analysts also saying that self fighters remain a decisive advantage
Speaker 1: for countries' militaries, and air defense very much critical to
Speaker 1: protecting key assets. Again, a lot of Lockey Martins products
Speaker 1: definitely serving that goal there and beyond you know what's
Speaker 1: happening geopolitically. Of course, we have seen some benefit to
Speaker 1: Lockheed as well from the fiscal spending that we've seen
Speaker 1: from Congress this year. Congress adding three billion dollars to
Speaker 1: the budget for air defense bring that total to forty
Speaker 1: point eight billion, and fifty six percent of that upside
Speaker 1: is going to Lockheed's CEE one to three OJ units.
Speaker 1: So there you go.
Speaker 2: You've also got Occidental Petroleum on your screen. I'm taking
Speaker 2: a look at what it's doing right now, and okay,
Speaker 2: up two percent.
Speaker 1: Exactly, extending some of those games that we've seen at
Speaker 1: the open there. Alexis again Occidental one of the outperformers
Speaker 1: today given that move iDeer we've seen in oil prices
Speaker 1: and so take her ox Y. Those are two point
Speaker 1: three percent at the moment of our third straight day
Speaker 1: and again because of those games that we've seen both
Speaker 1: in Brent and WTI, and again Bloomber Intelligence weighing in
Speaker 1: on this. I think the key for oil and oil
Speaker 1: related socks is very much whether energy infrastructure and transport
Speaker 1: hubs are severely impaired and most importantly weather. There's a
Speaker 1: blockage to the Strait of Horror moves, a lot of
Speaker 1: shipping coming through through that channel, and so the world's
Speaker 1: oil absolutely absolutely, so that really is what to watch
Speaker 1: for markets, but specifically for occidental sock. We did see
Speaker 1: last week Fitch upgrading their credit rating to triple B
Speaker 1: from triple B minus and they're talking about the company's
Speaker 1: execution of their debt reduction plan for twenty twenty. They
Speaker 1: see that is going well, and they also see another
Speaker 1: about seven hundred million dollars in debt in terms of
Speaker 1: debt being reduced. That is giving them a more positive
Speaker 1: outlook for this company.
Speaker 3: So you've also got your eyes on Norwegian Cruise and
Speaker 3: I'm curious tell me about how this is also related
Speaker 3: to the Auran conflict.
Speaker 1: I mean, I think that's being swept up in just
Speaker 1: the clines that we're seeing in traveling leisure sacks generally today,
Speaker 1: though for Norwegian specifically, we did have their results pre market,
Speaker 1: so ticker and CLH. Those airs are down massively today,
Speaker 1: more than nine percent less down though than they were
Speaker 1: at the opening. They were down about twelve percent just
Speaker 1: around the open. But yeah, we did see their results.
Speaker 1: It's not a great set of results. A lot of
Speaker 1: focus on those net yields measure, which is a key
Speaker 1: industry measure of revenue per available passenger during cruise day,
Speaker 1: and they expect that to be a little changed. They're
Speaker 1: also forecasting earnings for the full year that fell short
Speaker 1: of estimates. To dollars thirty eight per share is their forecast,
Speaker 1: which is less than a two dollars fifty nine cents
Speaker 1: per share that analysts are forecasting, and so CEO John
Speaker 1: Chidzi saying, quote, my initial assessment is that our strategy
Speaker 1: is sound, but execution and cross functional alignment have followed start.
Speaker 1: It really is all about the execution. You can have
Speaker 1: the best strategy in the world, but if you're executing
Speaker 1: it not that well, then it goes out the window.
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