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The Stock Movers Report, your roundup of companies making moves in the stock market, Harnessing the power of Bloomberg Data to discuss.
Stocks on the move and companies to watch. We have Noura Melinda Bloomberg, Television Markets correspondent correspondent with us Nora, what are you watching?
Well, let's just take a look at Goldman Sachs. We've been talking about this a lot. This is taker GS. Of course, we're seeing bank earnings continuing as we push through this earning season. We're seeing shares of this company up as much as three point eight percent. This is after it posted an all time high, an all time Wall Street record of four point three one billion dollars in equities trading revenue in the last three months of
the year. Of course, we're really just also still continuing to keep our eyes on expenses because we've been hearing this from a lot of other bank companies. There's been a lot of scrutiny as to how much they're spending. Of course, we talked about some of the names earlier this week that we're spending a lot on severance packages. Of course, we've got job cuts. So some analysts are also pointing toward one possible dark spot for Goldman Sachs
potentially being expenses. But all in all, it seems is so the Wall Street is really receptive and taking this well, okay, next on your list, looking at applied materials. Of course, this is ticker Amat. Shares of this company are up as much more than nine percent, as much as nine percent. This, of course is after Barclays upgraded the company to overweight
from equal weight. They're saying to the chip makers also getting a boost from t SMC, which did set a bullish capital spending target, and that's really been signaling broad based demand for AI chip companies more broadly. So you are seeing a lot of those tech stocks hire. Take a look at the sp five hundred and we've got information technology as the best performing group and Nora.
You're also watching coinbas.
Absolutely so this is ticker coin pretty easy there we're seeing shares following more than four percent right now down three point eight percent, But this is after the US Senate Banking Committee the de laatest discussion of the Crypto Market Structure Bill. So coinbase polled support of the bill due to its limits on stable coin rewards.
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