Speaker 1: Bloomberg Audio Studios podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move.
Speaker 4: I'm Carol Master, along with Tim Stanovik and with us
Speaker 4: as Bloomberg News Equities reporter Avalon Parnell. We're all talking
Speaker 4: about the semiconductor sector, and it really is because of
Speaker 4: Intel today.
Speaker 3: You're absolutely right.
Speaker 5: That's ticker I INTC jumping now about twenty one percent
Speaker 5: to hit a record intraday high. And that's after Intel
Speaker 5: reported a really big first quarter beat and also gave
Speaker 5: much stronger than expected forecast for the second quarter. Evercore
Speaker 5: writing that company's new CEO seems to be really executing
Speaker 5: on a strategy that appears to at least be putting
Speaker 5: Intel back on the right foot.
Speaker 2: Yeah.
Speaker 4: I mean, it's just amazing the stock and what it
Speaker 4: has done this year.
Speaker 3: I mean, we have just seen such a bounce.
Speaker 1: Has done last year.
Speaker 3: It's more than double one hundred and twenty percent higher.
Speaker 4: We've talked about the US taking a position in this company,
Speaker 4: but I keep going back to what Ed Luvelow said
Speaker 4: and I think we talked about this with you before.
Speaker 3: About.
Speaker 4: You know, the government investment in the company, the arrangements
Speaker 4: that Intel figured out, you know, so that it could
Speaker 4: get some money funding into the company, so that it
Speaker 4: could pursue what it needs to do to kind of
Speaker 4: get the company back on track. I guess longer term,
Speaker 4: we'll see whether or not it all plays off. But
Speaker 4: the quarter looks super strong.
Speaker 1: Yeah, and investors, I guess they're looking past the foundry
Speaker 1: business that is still losing billions of dollars.
Speaker 3: So exactly exactly.
Speaker 5: You don't really see that mentioned as often in the
Speaker 5: notes compared to everything else that was very much green
Speaker 5: and very good.
Speaker 1: Okay, what else you watching avalon?
Speaker 5: Yeah, we can talk about Charter Communications. That's ticker c HTR,
Speaker 5: probably a slightly different one. It's sinking now about twenty
Speaker 5: five percent, most inter day on record. This after the
Speaker 5: cable company, which is behind names like Spectrum, reported weaker
Speaker 5: than expected first quarter results. City writing that Charter's results
Speaker 5: were especially mixed strategic volumes, and also that broadband revenue
Speaker 5: came in underwhelmingly. Hello, and so analyst also mentioned that
Speaker 5: especially considering the fact that we had Comcast their rival
Speaker 5: report earlier this week. It was kind of interesting that
Speaker 5: the reports look very different, to say the least.
Speaker 4: And I guess I would say that, like every right,
Speaker 4: cable company just not the same in terms of its exposure.
Speaker 3: Is that fair to say?
Speaker 1: Yeah? I mean the thing about cable companies, these are
Speaker 1: natural monopolies.
Speaker 3: Yeah, so in terms of regions and areas, right.
Speaker 1: Yeah, And there's been so much m and A over
Speaker 1: the past twenty thirty forty years at this point, since
Speaker 1: the advent of cable in the early eighties that, yeah,
Speaker 1: they each have this this area of the country that
Speaker 1: they dominate. I think the big question is is to
Speaker 1: what extent does wireless and I mean you talk about.
Speaker 3: Starlink all the time, Yeah, I do, okay.
Speaker 1: In certain areas, the wireless delivery of internet, which is
Speaker 1: you know, a real threat to these companies because their
Speaker 1: broadband business was seen as the area of growth because
Speaker 1: traditional TV has been in decline.
Speaker 4: Yeah, exactly, well said, well said, And you do wonder, okay,
Speaker 4: what's no And we talk about disruptions so many times.
Speaker 1: Almost like I used to cover.
Speaker 4: That's why I'm like two Ovlon.
Speaker 3: Come on back, You've got numont as your third style.
Speaker 5: Yes, that's ticker n EM that is also jumping now
Speaker 5: about seven point nine percent most inter day since July.
Speaker 5: And that's after the world's largest gold producer report at
Speaker 5: first quarter results that maybe slightly unsurprisingly surpassed Wallstreet's expectations.
Speaker 5: The minor also pledged to repurchase six billion dollars in shares.
Speaker 3: That always helps, Yes.
Speaker 5: I mean it also helps that there was an unprecedented
Speaker 5: rally in gold prices, so you can imagine they're very
Speaker 5: happy over there.
Speaker 2: Yeah.
Speaker 4: I just blown away by this year how much we've
Speaker 4: been talking about gold, how much we've just talking about metals, minerals,
Speaker 4: rare earths, like all of it, like for a while now.
Speaker 1: Yeah, gold hit a high on January twenty eighth. It
Speaker 1: was at fifty four to seventeen announced. Right now, it's
Speaker 1: trading at forty seven to twenty.
Speaker 3: War has played around with this one, yeah, I.
Speaker 1: Mean there's this complicated sort of interest rate calculation. You know,
Speaker 1: when people think differently about rates and what rates are
Speaker 1: going to do for the year, they think differently about gold,
Speaker 1: so it kind of loses its status a little bit.
Speaker 1: Some would argue, yeah, as a safe haven.
Speaker 3: I don't know, Avalon's like, kay, kids, I'm still here.
Speaker 3: We just like amuse ourselves. Great three stocks.
Speaker 4: I think what's really interesting is you're seeing some really
Speaker 4: big moves in either direction, even if the SMP isn't
Speaker 4: moving that much, certainly the Nasdaq one hundred is, but
Speaker 4: you are seeing individual names bouncing around all right.
Speaker 3: Avalon Parnell. She is Bloomberg News Equities.
Speaker 2: Reporter the Stock Movers podcast from Bloomberg Radio. Check back
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Speaker 2: companies making news on Wall Street and for the latest
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