WEBVTT - Robinhood Rises, Occidental Falls, Stellantis Moves Higher

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<v Speaker 1>Let's take a look at some stocks on the move

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<v Speaker 1>on this Thursday, and we're joined by Bloomberg Crossauset reporter

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<v Speaker 1>Emily Graffeo. Emily Robin Hood in the news.

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<v Speaker 2>Yeah, I mean Robin Hood was the third best performer

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<v Speaker 2>in the S and P five hundred today. It was

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<v Speaker 2>up four point seven percent. It hit a record intra

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<v Speaker 2>day high. And I don't only to put people on

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<v Speaker 2>the spot, so I won't make you, guys, guess how

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<v Speaker 2>much this stock has gone up over the last twelve years.

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<v Speaker 2>But I'll let you think of it. Twelve years, I'm sorry,

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<v Speaker 2>twelve months.

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<v Speaker 3>Okay, I think this ipiod like when you were at Bloomberg.

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<v Speaker 2>Yes, yes, yes, it appeared recently in the last Okay,

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<v Speaker 2>in the last twelve months. How much do you think

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<v Speaker 2>it's gone up? Just think about it. You don't have

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<v Speaker 2>to say it.

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<v Speaker 3>How many did Okay?

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<v Speaker 1>Because I had this really nifty thing called the Bloomberg

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<v Speaker 1>two at all.

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<v Speaker 3>Well, I get it that.

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<v Speaker 1>I just looked it at just the year to date,

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<v Speaker 1>which is a lot. So I'm going to make tim guests.

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<v Speaker 3>Two or three digits, three digit Yeah, I'm going to

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<v Speaker 3>say one hundred and thirty percent.

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<v Speaker 2>Forty four percent in the last year. That's so this

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<v Speaker 2>has been crazy. The stock was recently added to the

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<v Speaker 2>S and P five hundred and do it too. We

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<v Speaker 2>did get their CEO of lad ten of making some

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<v Speaker 2>headlines today. He actually was speaking of Bloomberg TV at

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<v Speaker 2>a conference in Singapore a little bit earlier, talking about

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<v Speaker 2>how the tokenization of assets ranging from stocks to real

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<v Speaker 2>estate is set to rewire financial services and they began

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<v Speaker 2>offering tokenized equities in June. So this is what does

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<v Speaker 2>that mean tokenized equities? Yeah, this is this is a

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<v Speaker 2>good question. It's essentially putting the stock on putting a stock.

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<v Speaker 3>On the blockchain. Yeah, which, and the question is, and

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<v Speaker 3>we've asked lad this before, why do it? And he

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<v Speaker 3>argues that if you do this with things that are

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<v Speaker 3>not just stocks but also like equity of private companies,

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<v Speaker 3>then you can get more people involved in these companies

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<v Speaker 3>and more people invested in these companies. And he's been

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<v Speaker 3>talking about this for a long time and they're working

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<v Speaker 3>on it, so that kind of makes right.

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<v Speaker 2>I mean, it makes sense.

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<v Speaker 3>Now everybody's a believer, not everyone is.

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<v Speaker 2>A believer, but in terms of this affecting the stock

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<v Speaker 2>price over the last twelve months and today. Basically this

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<v Speaker 2>is a theme that investors are looking for. So when

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<v Speaker 2>they hear the CEO say tokenization, they get excited, and

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<v Speaker 2>so we sell this stock.

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<v Speaker 3>And apparently what you can do on the robinhood app

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<v Speaker 3>now has some of the sports betting apps. Yeah, a

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<v Speaker 3>little concerned. Yeah we saw that earlier this week.

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<v Speaker 2>Yeah, so Vlad had also he mentioned prediction markets again.

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<v Speaker 2>This is another hot theme right now. Retail investors are

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<v Speaker 2>not only actually participating in prediction markets, but if a

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<v Speaker 2>publicly traded, you know, company is talking about how they're

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<v Speaker 2>trying to get into that business, it's definitely a catalyst.

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<v Speaker 2>So that's ticker hood Hood.

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<v Speaker 1>Let's go to Robinhood. Let's go to something a business

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<v Speaker 1>I can really understand. Let's go to ticker oxy.

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<v Speaker 3>She's an oil person.

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<v Speaker 2>Earl So Occidental Petroleum was down seven percent. It was

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<v Speaker 2>a big drop since April. And there's some deal news.

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<v Speaker 2>Warren Buffett is getting back into buying companies. He took

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<v Speaker 2>a short hiatus, but Occidental agreed to sell it's oxy

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<v Speaker 2>Kem petrochemical unit to Berkshire Hathaway for about nine point

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<v Speaker 2>seven billion dollars in cash. The sale was below the

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<v Speaker 2>ten billion that had been expected. Could have been one

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<v Speaker 2>reason why we did see the stock fall seven percent.

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<v Speaker 2>And then analyst also said the deal is deleveraging the company.

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<v Speaker 2>But this is the first time we've seen Warren Buffett

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<v Speaker 2>make a large acquisition since twenty twenty two.

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<v Speaker 3>And he has the cash. I mean, were you going

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<v Speaker 3>to say that, Carol? Yeah, well, kind of go to

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<v Speaker 3>the same place with the cash that he has.

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<v Speaker 1>Right, And people have been wondering forever, like at all

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<v Speaker 1>of his you know, annual meetings, what is he to say?

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<v Speaker 3>What does he say every quarter, we'll buy something when

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<v Speaker 3>we find something that we think is valued fairly.

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<v Speaker 1>Sounds very buffet.

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<v Speaker 2>And this is a stock that's made him pretty wealthy.

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<v Speaker 2>He was a pretty big shareholder, and I believe he's

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<v Speaker 2>still in Occidental Petroleum and it's had some pretty good years.

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<v Speaker 3>How does he bring Occidental Petroleum to the annual meeting?

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<v Speaker 3>You know, he has the Ceas candy, he has the

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<v Speaker 3>Coca Cola.

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<v Speaker 1>He is the number one investor in Occidental.

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<v Speaker 3>You didn't answer my question. Just roll a barrel, Okay, yeah, Aisle,

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<v Speaker 3>that's what I was. That's what you do. Hey, you

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<v Speaker 3>need energy to power automobiles. Look what he did there,

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<v Speaker 3>especially ones with their internal combustion.

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<v Speaker 2>Yeah, that was a really good segue into talking about Stilantis.

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<v Speaker 2>I was watching the US listed shares of Stillantis up

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<v Speaker 2>as much as nine percent ticker st l A, and

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<v Speaker 2>the stock the US listed chairs actually hit the highest

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<v Speaker 2>level since July. They were the maker of Jeep SUVs.

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<v Speaker 2>They reported a gain in third quarter US deliveries. Those

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<v Speaker 2>deliveries were up six percent in the third quarter, powered

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<v Speaker 2>by an eleven percent jump in Jeep deliveries. So I

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<v Speaker 2>guess more people it's a Jeep thing, buying Jeeps. Pretty

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<v Speaker 2>cool car.