Speaker 1: Let's take a look at some stocks on the move
Speaker 1: on this Thursday, and we're joined by Bloomberg Crossauset reporter
Speaker 1: Emily Graffeo. Emily Robin Hood in the news.
Speaker 2: Yeah, I mean Robin Hood was the third best performer
Speaker 2: in the S and P five hundred today. It was
Speaker 2: up four point seven percent. It hit a record intra
Speaker 2: day high. And I don't only to put people on
Speaker 2: the spot, so I won't make you, guys, guess how
Speaker 2: much this stock has gone up over the last twelve years.
Speaker 2: But I'll let you think of it. Twelve years, I'm sorry,
Speaker 2: twelve months.
Speaker 3: Okay, I think this ipiod like when you were at Bloomberg.
Speaker 2: Yes, yes, yes, it appeared recently in the last Okay,
Speaker 2: in the last twelve months. How much do you think
Speaker 2: it's gone up? Just think about it. You don't have
Speaker 2: to say it.
Speaker 3: How many did Okay?
Speaker 1: Because I had this really nifty thing called the Bloomberg
Speaker 1: two at all.
Speaker 3: Well, I get it that.
Speaker 1: I just looked it at just the year to date,
Speaker 1: which is a lot. So I'm going to make tim guests.
Speaker 3: Two or three digits, three digit Yeah, I'm going to
Speaker 3: say one hundred and thirty percent.
Speaker 2: Forty four percent in the last year. That's so this
Speaker 2: has been crazy. The stock was recently added to the
Speaker 2: S and P five hundred and do it too. We
Speaker 2: did get their CEO of lad ten of making some
Speaker 2: headlines today. He actually was speaking of Bloomberg TV at
Speaker 2: a conference in Singapore a little bit earlier, talking about
Speaker 2: how the tokenization of assets ranging from stocks to real
Speaker 2: estate is set to rewire financial services and they began
Speaker 2: offering tokenized equities in June. So this is what does
Speaker 2: that mean tokenized equities? Yeah, this is this is a
Speaker 2: good question. It's essentially putting the stock on putting a stock.
Speaker 3: On the blockchain. Yeah, which, and the question is, and
Speaker 3: we've asked lad this before, why do it? And he
Speaker 3: argues that if you do this with things that are
Speaker 3: not just stocks but also like equity of private companies,
Speaker 3: then you can get more people involved in these companies
Speaker 3: and more people invested in these companies. And he's been
Speaker 3: talking about this for a long time and they're working
Speaker 3: on it, so that kind of makes right.
Speaker 2: I mean, it makes sense.
Speaker 3: Now everybody's a believer, not everyone is.
Speaker 2: A believer, but in terms of this affecting the stock
Speaker 2: price over the last twelve months and today. Basically this
Speaker 2: is a theme that investors are looking for. So when
Speaker 2: they hear the CEO say tokenization, they get excited, and
Speaker 2: so we sell this stock.
Speaker 3: And apparently what you can do on the robinhood app
Speaker 3: now has some of the sports betting apps. Yeah, a
Speaker 3: little concerned. Yeah we saw that earlier this week.
Speaker 2: Yeah, so Vlad had also he mentioned prediction markets again.
Speaker 2: This is another hot theme right now. Retail investors are
Speaker 2: not only actually participating in prediction markets, but if a
Speaker 2: publicly traded, you know, company is talking about how they're
Speaker 2: trying to get into that business, it's definitely a catalyst.
Speaker 2: So that's ticker hood Hood.
Speaker 1: Let's go to Robinhood. Let's go to something a business
Speaker 1: I can really understand. Let's go to ticker oxy.
Speaker 3: She's an oil person.
Speaker 2: Earl So Occidental Petroleum was down seven percent. It was
Speaker 2: a big drop since April. And there's some deal news.
Speaker 2: Warren Buffett is getting back into buying companies. He took
Speaker 2: a short hiatus, but Occidental agreed to sell it's oxy
Speaker 2: Kem petrochemical unit to Berkshire Hathaway for about nine point
Speaker 2: seven billion dollars in cash. The sale was below the
Speaker 2: ten billion that had been expected. Could have been one
Speaker 2: reason why we did see the stock fall seven percent.
Speaker 2: And then analyst also said the deal is deleveraging the company.
Speaker 2: But this is the first time we've seen Warren Buffett
Speaker 2: make a large acquisition since twenty twenty two.
Speaker 3: And he has the cash. I mean, were you going
Speaker 3: to say that, Carol? Yeah, well, kind of go to
Speaker 3: the same place with the cash that he has.
Speaker 1: Right, And people have been wondering forever, like at all
Speaker 1: of his you know, annual meetings, what is he to say?
Speaker 3: What does he say every quarter, we'll buy something when
Speaker 3: we find something that we think is valued fairly.
Speaker 1: Sounds very buffet.
Speaker 2: And this is a stock that's made him pretty wealthy.
Speaker 2: He was a pretty big shareholder, and I believe he's
Speaker 2: still in Occidental Petroleum and it's had some pretty good years.
Speaker 3: How does he bring Occidental Petroleum to the annual meeting?
Speaker 3: You know, he has the Ceas candy, he has the
Speaker 3: Coca Cola.
Speaker 1: He is the number one investor in Occidental.
Speaker 3: You didn't answer my question. Just roll a barrel, Okay, yeah, Aisle,
Speaker 3: that's what I was. That's what you do. Hey, you
Speaker 3: need energy to power automobiles. Look what he did there,
Speaker 3: especially ones with their internal combustion.
Speaker 2: Yeah, that was a really good segue into talking about Stilantis.
Speaker 2: I was watching the US listed shares of Stillantis up
Speaker 2: as much as nine percent ticker st l A, and
Speaker 2: the stock the US listed chairs actually hit the highest
Speaker 2: level since July. They were the maker of Jeep SUVs.
Speaker 2: They reported a gain in third quarter US deliveries. Those
Speaker 2: deliveries were up six percent in the third quarter, powered
Speaker 2: by an eleven percent jump in Jeep deliveries. So I
Speaker 2: guess more people it's a Jeep thing, buying Jeeps. Pretty
Speaker 2: cool car.