WEBVTT - Intel-Apple Deal; Smith and Wesson Rises; SpaceX Latest

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers podcast, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's Alexis Christophers. Starting us

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<v Speaker 1>off this morning. Alexis with the most actively traded stock

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<v Speaker 1>in the pre market in this morning. It's not SpaceX

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<v Speaker 1>for a change, that's morning.

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<v Speaker 3>That's right for a change. We have got Intel taking

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<v Speaker 3>that top spot ticker simple INTC. It's up about nine percent,

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<v Speaker 3>on track for an all time high if this holds

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<v Speaker 3>at the opening bell, and you know, it's had a

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<v Speaker 3>pretty incredible year. Nathan, the stock is up two hundred

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<v Speaker 3>and twenty eight percent. And remember the US took a

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<v Speaker 3>ten percent stake in Intel just last year. It's now

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<v Speaker 3>the chip maker's biggest investor. So President Trump today saying

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<v Speaker 3>that Apple agreed to work with Intel to design and

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<v Speaker 3>build chips in the US. Now, for Intel, finding external

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<v Speaker 3>customers for chip production is really a key piece of

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<v Speaker 3>this company's comeback plan. So it remains in the early

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<v Speaker 3>stages of trying to line up clients for it's so

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<v Speaker 3>called foundry business after some past false starts. So landing

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<v Speaker 3>Apple here as a customer really represents a massive win

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<v Speaker 3>for Intel, and analysts say it could potentially attract additional

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<v Speaker 3>new business to the chip maker.

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<v Speaker 1>Well, you mentioned Apple, and that stock's been making news

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<v Speaker 1>in more ways than one this morning because the soon

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<v Speaker 1>to be former CEO Tim Cook has been speaking out.

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<v Speaker 3>Yeah, he spoke with the Wall Street Journal. This is

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<v Speaker 3>an exclusive there, Tim Cook saying that the tech giant

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<v Speaker 3>plans to raise prices on its products. This is to

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<v Speaker 3>offset the surge and costs of memory and storage chips.

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<v Speaker 3>Cook said that these price increases are unavoidable due to

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<v Speaker 3>the huge increases in memory and storage chip costs that

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<v Speaker 3>are being passed on to Apple, and he says it's

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<v Speaker 3>making this situation quote unsustainable. So the price increases are

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<v Speaker 3>driven by the skyrocketing demand for memory and George chips

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<v Speaker 3>from AI companies, which has pushed up their cost and

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<v Speaker 3>led to a shortage of supply for other companies, including Apple.

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<v Speaker 3>We don't have details on the timing or the scale

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<v Speaker 3>of these price increases. We don't even know what products

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<v Speaker 3>they're going to effect. But Apple's next major product launch

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<v Speaker 3>will likely be in September. That's when it's slated to

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<v Speaker 3>release the iPhone eighteen lineup, including a new foldable iPhone.

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<v Speaker 3>You know, price increases, especially for max and iPads, could

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<v Speaker 3>come even sooner. Apple raised the starting price of the

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<v Speaker 3>Mac Mini just last month, and that came in between

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<v Speaker 3>launch events. But some analysts are saying in terms of

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<v Speaker 3>how much prices might go up, they're thinking the iPhone

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<v Speaker 3>eighteen may go up by about one hundred bucks when

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<v Speaker 3>it hits the market this fall. But again, no official

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<v Speaker 3>word from Tim Cook or Apple.

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<v Speaker 1>Okay, so lots of reasons to keep an eye on

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<v Speaker 1>tech stocks this morning. But you've also got another name

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<v Speaker 1>well away from the tech space. What's behind the moven

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<v Speaker 1>Smith and Wesson.

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<v Speaker 3>Yeah, so sticker symbol Their SWBI stock up nearly fifteen percent,

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<v Speaker 3>a thirty nine percent year to date. Nathan so It

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<v Speaker 3>said that its brand sold rose, or rather it saw

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<v Speaker 3>quarterly earnings rise more than expected. New products, especially handguns,

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<v Speaker 3>helped the gun maker gain some market share here. New

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<v Speaker 3>products actually made up almost thirty eight percent of the

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<v Speaker 3>company's fourth quarter shipments, and the CEO said that handguns

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<v Speaker 3>were the largest driver, but added that the company has

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<v Speaker 3>seen momentum as it enters new categories such as hunting,

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<v Speaker 3>and Smith said that handgun shipments into the sporting goods

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<v Speaker 3>channel outpaced federal background check data, which the company uses

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<v Speaker 3>sort of as an indicator for overall firearm demand. So

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<v Speaker 3>sales remained strong, inventory levels declined even as Smith and

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<v Speaker 3>Wesson raised its prices. The company expects this strong demand

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<v Speaker 3>to continue into the current quarter and beyond. The company

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<v Speaker 3>is expecting around fifteen to twenty percent revenue growth in

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<v Speaker 3>the first quarter, mid single digit revenue growth for the

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<v Speaker 3>full year, and also Wall Street was happy to hear

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<v Speaker 3>that Smith and Wesson is also paying down its debt,

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<v Speaker 3>so all of that contributing to an update.

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<v Speaker 2>For the gunmaker. The Stockmovers podcast from Bloomberg Radio. Check

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<v Speaker 2>back with us throughout the day for the latest roundup

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