Podcast Summary: "Introducing: Stock Movers" – Odd Lots by Bloomberg

Release Date: April 13, 2025
Hosts: Tracy Alloway and Jill Weisenthal
Guest: Emily Griffeo, Bloomberg News Cross Asset Reporter

1. Introduction to Stock Movers

In the premiere episode of Bloomberg's new "Stock Movers" podcast, hosts Tracy Alloway and Jill Weisenthal introduce listeners to a concise, five-minute deep dive into the week's most significant stock market movements. The episode sets the stage for a series dedicated to unraveling the dynamics behind the biggest gainers and losers in today's trading environment.

Tracy Alloway:
"We are introducing you to the new Stock Movers podcast from Bloomberg. The show brings you short episodes, five minutes or less, covering the stocks making gains and losses in today's trading."
[00:03]

2. Top Performer: Newmont and the Resurgence of Gold

Emily Griffeo kicks off the discussion by highlighting Newmont as the top-performing stock in the S&P 500 for the week, emphasizing its correlation with gold's performance as a safe-haven asset amid market volatility.

Emily Griffeo:
"This is so emblematic of the safe haven asset that gold was this week. In a week where stocks were extremely volatile, treasury bonds didn't quite work as that safe haven asset that they typically are expected to. Gold kept hitting record high after record high. Gold miner Newmont actually had its best week since 1998."
[01:01]

The hosts engage in a lighthearted exchange about the potential of selling personal gold holdings, underscoring the unexpected strength of gold and related stocks during turbulent times.

Jill Weisenthal:
"What are we talking about?"
[01:27]

The conversation delves into Newmont's impressive 24% weekly gain, bolstered by an upgrade from UBS that raised price targets for both Newmont and gold, citing a more supportive macroeconomic backdrop.

Emily Griffeo:
"They hiked their price target both for Newmont, the stock, and also for Gold. And they said that the macro backdrop for gold is increasingly more supportive."
[02:18]

3. Nvidia's Volatile Performance

Transitioning to technology, the podcast examines Nvidia's tumultuous week, characterized by significant price swings that mirror broader risk asset sentiments.

Emily Griffeo:
"It's really a roller coaster. I mean, this is a stock that everyone watches. So not only is it trading on its own fundamentals, but it's also trading like the poster child for how are risk assets doing today."
[03:02]

Despite being one of the week's top performers, Nvidia remains down 17% year-to-date, reflecting broader challenges in the tech sector.

Host:
"Can I just say it's down 17% year to date."
[03:16]

Emily Griffeo:
"I think we all forgot about the Deep Sea."
[03:20]

The discussion highlights concerns over sustained AI spending and the demand trajectory post-Deep Sea, alongside geopolitical tensions involving China and reduced data center investments by U.S. companies.

Jill Weisenthal:
"You mentioned Deep Sea. There's the China, everything happening with China. And then of course there's also, like you said, demand when it comes to US Companies. And the reports that we've gotten about US companies pulling back on data centers."
[03:45]

4. JP Morgan's Robust Earnings and Future Outlook

Shifting focus to the financial sector, the hosts analyze JP Morgan's standout performance, driven by record equity markets revenue and strategic insights from CEO Jamie Dimon.

Emily Griffeo:
"That stock was up on the week. It was up 12%. This is the biggest U.S. bank. And it was interesting because in their earnings they had record equity markets revenue. It rose 48% to a record 3.81 billion. This wasn't even counting the trading of this week because this was the prior quarter."
[04:02]

Jamie Dimon's remarks inject a dose of caution into the economic outlook, predicting a "kerfuffle" in the U.S. Treasury market that could necessitate Federal Reserve intervention.

Emily Griffeo:
"Jamie Dimon... he is pretty vocal about his views on the economy and he struck a cautious tone. He also said he expects a, quote, kerfuffle in the US treasury market that would prompt a Fed intervention."
[05:08]

The hosts intersperse the analysis with light-hearted banter, referencing cultural elements like Mo Willems' "Nuffle Bunny," which adds a personable touch to the financial discourse.

5. Looking Ahead: Goldman Sachs and Future Episodes

As the episode draws to a close, the hosts tease upcoming content, including an impending focus on Goldman Sachs, maintaining listener engagement and anticipation for subsequent episodes.

Jill Weisenthal:
"We have Goldman coming up next week. So that's another one that our Bloomberg listeners are very interested."
[05:40]

Jill Weisenthal:
"Mo Willems is the author."
[05:49]

Conclusion

"Introducing: Stock Movers" effectively sets the tone for Bloomberg's new podcast series by delivering insightful analysis on key market movers within a streamlined format. By blending expert commentary with engaging dialogue, the episode offers listeners a comprehensive overview of the week's financial highlights, making it an invaluable resource for anyone keen on understanding the complexities of today's stock market dynamics.

Notable Quotes:

• Emily Griffeo:
  "Gold kept hitting record high after record high. Gold miner Newmont actually had its best week since 1998."
  [01:01]

• Emily Griffeo:
  "It's really a roller coaster. I mean, this is a stock that everyone watches."
  [03:02]

• Emily Griffeo:
  "Jamie Dimon... he is pretty vocal about his views on the economy and he struck a cautious tone."
  [05:08]

For more insights and updates, subscribe to Bloomberg's Stock Movers on Apple Podcasts, Spotify, or your preferred podcast platform.