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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 stocks on the move today. I'm Nathan Hager, joined by Bloomberg's Valerie Titel. Have to start off with the oil majors. Valerie, after what happened over the weekend in Venezuela, they are jumping this morning.
Good morning, Gay, Good morning Nathan. Yes, we're seeing the likes of Chevron hire by over seven percent, Chevron being the sole major US oil company still operating in Venezuela, jumping the most out of the majors this morning. But we have Conico Phillips not far behind, up seven and a quarter percent. Ex On Mobile up nearly four point seven percent this morning. We're also seeing oil field services
companies doing very well. Halliburton is up nearly ten percent, one of the best performing stocks in the pre market this morning, the S and P five hundred. And this all comes as the US President says US oil companies will be strongly involved in the future of Venezuela's oil industry.
It's interesting to think about the oil majors seeing these gains, But if you look at the broader futures contracts this morning, the tech heavy Nasdaq is leading the way. It almost feels, at least in a macro perspective, like the twenty twenty five party continues a little bit.
Especially for these memory chip makers, and we're seeing it this morning, Nathan. These memory chip makers were the best performing stocks last year, and they continue out of the gates very strongly, the likes of Micron up three point six percent, Western Digital up more than three and sand Disc up three point seven percent.
So those were some.
Of the top performing stocks of the year last year and they continue to trade strongly. We have more signs of a memory a chip demand issue. There were some reports in the South Korean media that Samsung and sk Heinex are planning to raise DRAM price is by sixty to seventy percent given this tightness in its supply when it comes to memory chips, I.
Guess we're probably going to have a lot more focus on tech throughout the week with the CES happening in Las Vegas.
Yeah, generally chip stocks are doing quite well, even outside of memory. You know, take a look at what happened in Asia. Samsung junk jumped eight percent. ASML trading in the Netherlands. That's the chip equipment maker is up four point two percent, Nathan, ASML is up ten percent so far this year and we're only on day two, So again, a really good day for global chips as well.
No kidding, QXO, we don't talk about this one much. What's going on with QXL.
This is a bit of a niche one. So QXO is a buildings products distribution company. Essentially, it's a publicly traded private equity style roll up in the buildings products industry. Now, sources have told Bloomberg that an investor group led by Apollo Global Management has agreed to invest more than one billion dollars, and we're seeing shares of QXO up eight
point three percent. Obviously, this backing, this more financing would give the company more ammunition to pursue its expansions and further acquisitions.
The Stockmovers Report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio live. Catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.