April 16, 2025 • 4 mins
On this episode of Stock Movers:
- ASML (ASML) shares fall after it reported first-quarter orders that were almost a billion euros less than expected and warned it doesn’t know how to quantify the impact of recent tariff announcements that are threatening to upend the semiconductor industry.
- Interactive Brokers Group (IBKR) shares drop after posting 1Q adj. EPS and net interest income that fell short of expectations. The quarter’s general and administrative expenses increased 24% from the year-earlier period, driven primarily by an increase of $8 million in advertising expenses
- JB Hunt (JBHT) shares fall as analysts point to continuing concerns about the impact of tariffs and the broader economy on the trucker, even after the company reported first-quarter profit above expectations.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2 (00:08):
Stock Movers podcast, your roundup of companies making moves in
the stock market, harnessing the power of Bloomberg Data.
Speaker 3 (00:18):
Let's take a look at some of the stocks on
the move today, and we're joined by Bloomberg's Billy Lipschaltz. Billy,
what are you looking at?
Speaker 1 (00:22):
I want to start with ASML, the semiconductor name under
pressure eightrs down more than five percent in US trading,
one of the worst performers alongside the likes of Nvidia
and AMD. This comes after ASML reported first quarter bookings
that were below what Wall Street was looking for. Management
team was talking up twenty twenty six as a growth year,
(00:44):
so normally not the kind of strength that you want
to see. The one thing that did stand out from
the earnings call on some of the commentary is as
of now, they're saying that tariffs haven't fundamentally changed their
planning or discussions that they're having with customers, but they
are continuing to monitor the situation. It is evolving. Obviously,
on a day when in videos under notable selling pressure
after restrictions around its age twenty chips being shipped to China.
(01:07):
All eyes that are on what's going on in the
semi space, and obviously a lot of jitter is just
given broadly speaking, the run up that we've seen in
the last few years. Yeah, I we're releasing a lot
of their peers taking it to the chin. We go up.
The Nasdaq down about one point nine percent right now.
You're also looking at Interactive Brokers.
Speaker 3 (01:24):
What's going on there?
Speaker 1 (01:24):
Yeah, the company reporting earnings they traded under the ticker
IVKR down right now more than nine percent, almost ten percent.
This comes after their EPs fell short of what analysts
were looking for. They blamed the analysts are blaming the
slide on their net interest income and higher expensive expenses
coming in below what analysts we're looking for. The one
thing that did stand out looking through some of the
(01:45):
notes was the fact that they were seeing an issue
around margin balances. And obviously companies like IBKR and some
of the other peers like Robinhood or Schwab benefit when
people are trading stocks market volatility, though some of their
ability to generate profits from loaning out those shares or
people taking on debt to trade stocks obviously being heavily
(02:07):
impacted so far in the wake of Donald Trump's tariff
kind of unveiling in the trade war.
Speaker 3 (02:14):
That we but it like I guess, I mean, the
retail traders are still trading. I've heard, like you know,
you talk to Eric Belchunas on the ETF side from
Bloomberg Intelligence. He says, the funds keep flowing in despite
the declines in a lot of you know, stocks and
bonds and so on.
Speaker 1 (02:26):
Yeah, we had a story, I had a story out
yesterday basically that a lot of these individual investors don't
care and they view the sell off as a reason
to continue to buy the dip. The one thing that
stood out to me was some data from JP Morgan
said that retail investors, this was through Monday's close, since
the tariffs were unveiled on April second, had pumped almost
eighteen billion dollars right in the market. So a lot
(02:47):
of big number with yeah, exactly. I mean. The interesting
thing is just the kind of vision that a lot
of these individual investors have that they don't really care.
They think their stocks eventually will go back up, and
all the last fifteen years they've been right, right exactly,
And that's really thing.
Speaker 2 (03:03):
That's the thing.
Speaker 1 (03:04):
So you're also looking at JB Hunt correct, Yeah, this
is so the size and scope is tough for most stocks.
Just given the volatility. JB Hunt, which is in the
trucking space down more than eight percent, trades under the
ticker JBHT trading at the lowest level since November twenty twenty.
So when you look at trucking and kind of the
idea that transports helped drive the US economy, when you're
(03:26):
seeing the impact from tariffs, you're seeing the broader economy
weighing on trucking stocks again missing expectations. They kind of
blamed obviously macro uncertainty, rates pressure, but analysts really souring
on the stock, slashing price targets. And again you're looking
at a company that right now down more than eight percent,
but over the last twelve months down thirty two percent,
(03:47):
So one of the losers on the broaders.
Speaker 2 (03:49):
Yeah.
Speaker 3 (03:50):
I mean, if you're calling for slower trade, and again
we had World Trade Organization today cut their outlook significantly
for world trade, and maybe you're not going to be
trading as much with you're two closest neighbors, Canada to Mexico.
It's really nan Yeah, that's a tough thing. If You're
a big nationwide truck trus sharking.
Speaker 1 (04:08):
Exactly, and it's been looking at it, even looking through
some of the notes, like even though intermodal loads rows
seven point six percent year over year, they basically have
been worrying about running the business and they're actually cutting
their capex spending so trying to tighten the belt. Not
only are we seeing consumers do that, but a number
of companies now trying to kind of assess the landscape
and brain in their own spending.
Speaker 2 (04:28):
The Stock Movers podcast 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.
Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2 (00:08):
Stock Movers podcast, your roundup of companies making moves in
the stock market, harnessing the power of Bloomberg Data.
Speaker 3 (00:18):
Let's take a look at some of the stocks on
the move today, and we're joined by Bloomberg's Billy Lipschaltz. Billy,
what are you looking at?
Speaker 1 (00:22):
I want to start with ASML, the semiconductor name under
pressure eightrs down more than five percent in US trading,
one of the worst performers alongside the likes of Nvidia
and AMD. This comes after ASML reported first quarter bookings
that were below what Wall Street was looking for. Management
team was talking up twenty twenty six as a growth year,
(00:44):
so normally not the kind of strength that you want
to see. The one thing that did stand out from
the earnings call on some of the commentary is as
of now, they're saying that tariffs haven't fundamentally changed their
planning or discussions that they're having with customers, but they
are continuing to monitor the situation. It is evolving. Obviously,
on a day when in videos under notable selling pressure
after restrictions around its age twenty chips being shipped to China.
(01:07):
All eyes that are on what's going on in the
semi space, and obviously a lot of jitter is just
given broadly speaking, the run up that we've seen in
the last few years. Yeah, I we're releasing a lot
of their peers taking it to the chin. We go up.
The Nasdaq down about one point nine percent right now.
You're also looking at Interactive Brokers.
Speaker 3 (01:24):
What's going on there?
Speaker 1 (01:24):
Yeah, the company reporting earnings they traded under the ticker
IVKR down right now more than nine percent, almost ten percent.
This comes after their EPs fell short of what analysts
were looking for. They blamed the analysts are blaming the
slide on their net interest income and higher expensive expenses
coming in below what analysts we're looking for. The one
thing that did stand out looking through some of the
(01:45):
notes was the fact that they were seeing an issue
around margin balances. And obviously companies like IBKR and some
of the other peers like Robinhood or Schwab benefit when
people are trading stocks market volatility, though some of their
ability to generate profits from loaning out those shares or
people taking on debt to trade stocks obviously being heavily
(02:07):
impacted so far in the wake of Donald Trump's tariff
kind of unveiling in the trade war.
Speaker 3 (02:14):
That we but it like I guess, I mean, the
retail traders are still trading. I've heard, like you know,
you talk to Eric Belchunas on the ETF side from
Bloomberg Intelligence. He says, the funds keep flowing in despite
the declines in a lot of you know, stocks and
bonds and so on.
Speaker 1 (02:26):
Yeah, we had a story, I had a story out
yesterday basically that a lot of these individual investors don't
care and they view the sell off as a reason
to continue to buy the dip. The one thing that
stood out to me was some data from JP Morgan
said that retail investors, this was through Monday's close, since
the tariffs were unveiled on April second, had pumped almost
eighteen billion dollars right in the market. So a lot
(02:47):
of big number with yeah, exactly. I mean. The interesting
thing is just the kind of vision that a lot
of these individual investors have that they don't really care.
They think their stocks eventually will go back up, and
all the last fifteen years they've been right, right exactly,
And that's really thing.
Speaker 2 (03:03):
That's the thing.
Speaker 1 (03:04):
So you're also looking at JB Hunt correct, Yeah, this
is so the size and scope is tough for most stocks.
Just given the volatility. JB Hunt, which is in the
trucking space down more than eight percent, trades under the
ticker JBHT trading at the lowest level since November twenty twenty.
So when you look at trucking and kind of the
idea that transports helped drive the US economy, when you're
(03:26):
seeing the impact from tariffs, you're seeing the broader economy
weighing on trucking stocks again missing expectations. They kind of
blamed obviously macro uncertainty, rates pressure, but analysts really souring
on the stock, slashing price targets. And again you're looking
at a company that right now down more than eight percent,
but over the last twelve months down thirty two percent,
(03:47):
So one of the losers on the broaders.
Speaker 2 (03:49):
Yeah.
Speaker 3 (03:50):
I mean, if you're calling for slower trade, and again
we had World Trade Organization today cut their outlook significantly
for world trade, and maybe you're not going to be
trading as much with you're two closest neighbors, Canada to Mexico.
It's really nan Yeah, that's a tough thing. If You're
a big nationwide truck trus sharking.
Speaker 1 (04:08):
Exactly, and it's been looking at it, even looking through
some of the notes, like even though intermodal loads rows
seven point six percent year over year, they basically have
been worrying about running the business and they're actually cutting
their capex spending so trying to tighten the belt. Not
only are we seeing consumers do that, but a number
of companies now trying to kind of assess the landscape
and brain in their own spending.
Speaker 2 (04:28):
The Stock Movers podcast 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.
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