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