Nvidia and Mag 7 Jump; Consumer and Shipping Stocks Rise

On this episode of Stock Movers:
- Nvidia (NVDA) is higher this morning following the US-China trade announcement. The biggest US chipmaker along with other chipmakers are rising on the news due to heavy exposure to Asian markets. Other Mag 7 stocks are also jumping on the news.
- Delta (DAL) shares popped this morning as travel stocks react to easing global trade tensions and lessening odds of a recession. It also comes after Delta and Korean Air agreed last week to buy a stake in WestJet amid uncertain US relations with Canada.
- Nike (NKE) is up along with other consumer stocks after the US-China trade truce announcement. Consumer firms with large China exposure rally, including Nike, Starbucks, Amazon, and Wayfair among others are rising on the news.
- Maersk (AMKBY) shares also increased today as shipping and transportation stocks move higher as ports can expect more trade and consumer activity.

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Episode Transcript

Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,
your roundup of companies making moves in the stock market,
harnessing the power of Bloomberg Data.

Speaker 2 (00:17):
Tom keenan Postmenia here and with us Bloombergs Lisa Mateo
as we drive to a five minute podcast what do
you have? We do?

Speaker 3 (00:25):
And because of the news the US China Truce, a
lot of global stocks on the move. I was like,
where do we start? Where do we go? I mean,
my goodness, So let's start with in Video because their
shares have been up more than four percent, because chip
stocks have really gotten a boost from this. For example,
to Advanced micro Devices have been up six percent, same
for Broadcom. But we mentioned in video, so those mag

(00:47):
seven stocks even a lot higher this morning, for example
Apple Tesla also up higher. We go to travel, right,
travel stocks have been higher, Delta Airlines, for example, up
seven percent. You have American Airlines up six percent. Then
even you looking at consumer stocks, right, Nike up six percent,
Estate Lauder has been up as much as six percent.
And global shipping companies for example, you have your ups

(01:08):
and your FedEx UPS has been up five percent.

Speaker 4 (01:11):
FedEx has been up.

Speaker 3 (01:12):
Six percent and car stucks to You have Mercedes bends
up five percent in Germany, BMW up nearly four percent
in Germany, So you see kind of the trend. I
mean a lot of these stuff.

Speaker 2 (01:22):
I was in a lot of cars this weekend, and
I think every Mercedes that was in Paul is made
in Alabama exactly, say Mercedes is in Germany, but every
car floating around the GLS whatever, they're made in Alabama. Yeah.

Speaker 4 (01:36):
My BMW is made I don't know, South Carolina or
something like that, So I don't know. I liked the parts, Yeah, yes,
I liked that you held the global shipping companies. Yeah,
I mean how about that. I mean we heard stories
of them turning around in the middle of the Pacific
Ocean going back to China over the last couple weeks.
Maybe now they're going to come.

Speaker 3 (01:54):
Like mayersk up twelve percent ishing down today. We do,
and the reason is different. We have pharmaceutical companies right,
they're falling. The reason why President Trump said he wants
to order this cut of US prescription drug costs to
bring them in line with other countries. So for example,
Pfizer is down two percent, merk Off about two percent,

(02:14):
in Europe, you have Novo Nordis. They fell as much
as like eight and a half percent. Now they're down
about three and a half percent. But the President says
that could drop pharmaceutical prices by up to eighty percent
in the US, He's going to sign an executive order
this morning on it too.

Speaker 2 (02:29):
Anything else, any other stock movers If.

Speaker 3 (02:31):
You like, I know you like luxury, so yes, yes,
you have the European luxury stocks, like Carrying. They're up
nearly seven percent in Powers. You have LVMH. Yeah, LVMH
more than six percent in Powers because they've really been
taking a hit lately. Every time I seem to mention them,
it always seems like their stock is going lower. But
now they're getting a nice lift this morning. So the
luxury stocks also doing well.

Speaker 1 (02:53):
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