WEBVTT - Intel Surges to Record, Charter Falls, Newmont Rises

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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 3>Let's take a look at some stocks on the move.

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<v Speaker 4>I'm Carol Master, along with Tim Stanovik and with us

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<v Speaker 4>as Bloomberg News Equities reporter Avalon Parnell. We're all talking

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<v Speaker 4>about the semiconductor sector, and it really is because of

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<v Speaker 4>Intel today.

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<v Speaker 3>You're absolutely right.

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<v Speaker 5>That's ticker I INTC jumping now about twenty one percent

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<v Speaker 5>to hit a record intraday high. And that's after Intel

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<v Speaker 5>reported a really big first quarter beat and also gave

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<v Speaker 5>much stronger than expected forecast for the second quarter. Evercore

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<v Speaker 5>writing that company's new CEO seems to be really executing

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<v Speaker 5>on a strategy that appears to at least be putting

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<v Speaker 5>Intel back on the right foot.

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<v Speaker 2>Yeah.

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<v Speaker 4>I mean, it's just amazing the stock and what it

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<v Speaker 4>has done this year.

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<v Speaker 3>I mean, we have just seen such a bounce.

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<v Speaker 1>Has done last year.

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<v Speaker 3>It's more than double one hundred and twenty percent higher.

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<v Speaker 4>We've talked about the US taking a position in this company,

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<v Speaker 4>but I keep going back to what Ed Luvelow said

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<v Speaker 4>and I think we talked about this with you before.

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<v Speaker 3>About.

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<v Speaker 4>You know, the government investment in the company, the arrangements

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<v Speaker 4>that Intel figured out, you know, so that it could

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<v Speaker 4>get some money funding into the company, so that it

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<v Speaker 4>could pursue what it needs to do to kind of

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<v Speaker 4>get the company back on track. I guess longer term,

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<v Speaker 4>we'll see whether or not it all plays off. But

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<v Speaker 4>the quarter looks super strong.

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<v Speaker 1>Yeah, and investors, I guess they're looking past the foundry

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<v Speaker 1>business that is still losing billions of dollars.

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<v Speaker 3>So exactly exactly.

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<v Speaker 5>You don't really see that mentioned as often in the

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<v Speaker 5>notes compared to everything else that was very much green

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<v Speaker 5>and very good.

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<v Speaker 1>Okay, what else you watching avalon?

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<v Speaker 5>Yeah, we can talk about Charter Communications. That's ticker c HTR,

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<v Speaker 5>probably a slightly different one. It's sinking now about twenty

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<v Speaker 5>five percent, most inter day on record. This after the

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<v Speaker 5>cable company, which is behind names like Spectrum, reported weaker

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<v Speaker 5>than expected first quarter results. City writing that Charter's results

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<v Speaker 5>were especially mixed strategic volumes, and also that broadband revenue

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<v Speaker 5>came in underwhelmingly. Hello, and so analyst also mentioned that

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<v Speaker 5>especially considering the fact that we had Comcast their rival

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<v Speaker 5>report earlier this week. It was kind of interesting that

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<v Speaker 5>the reports look very different, to say the least.

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<v Speaker 4>And I guess I would say that, like every right,

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<v Speaker 4>cable company just not the same in terms of its exposure.

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<v Speaker 3>Is that fair to say?

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<v Speaker 1>Yeah? I mean the thing about cable companies, these are

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<v Speaker 1>natural monopolies.

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<v Speaker 3>Yeah, so in terms of regions and areas, right.

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<v Speaker 1>Yeah, And there's been so much m and A over

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<v Speaker 1>the past twenty thirty forty years at this point, since

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<v Speaker 1>the advent of cable in the early eighties that, yeah,

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<v Speaker 1>they each have this this area of the country that

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<v Speaker 1>they dominate. I think the big question is is to

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<v Speaker 1>what extent does wireless and I mean you talk about.

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<v Speaker 3>Starlink all the time, Yeah, I do, okay.

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<v Speaker 1>In certain areas, the wireless delivery of internet, which is

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<v Speaker 1>you know, a real threat to these companies because their

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<v Speaker 1>broadband business was seen as the area of growth because

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<v Speaker 1>traditional TV has been in decline.

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<v Speaker 4>Yeah, exactly, well said, well said, And you do wonder, okay,

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<v Speaker 4>what's no And we talk about disruptions so many times.

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<v Speaker 1>Almost like I used to cover.

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<v Speaker 4>That's why I'm like two Ovlon.

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<v Speaker 3>Come on back, You've got numont as your third style.

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<v Speaker 5>Yes, that's ticker n EM that is also jumping now

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<v Speaker 5>about seven point nine percent most inter day since July.

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<v Speaker 5>And that's after the world's largest gold producer report at

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<v Speaker 5>first quarter results that maybe slightly unsurprisingly surpassed Wallstreet's expectations.

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<v Speaker 5>The minor also pledged to repurchase six billion dollars in shares.

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<v Speaker 3>That always helps, Yes.

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<v Speaker 5>I mean it also helps that there was an unprecedented

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<v Speaker 5>rally in gold prices, so you can imagine they're very

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<v Speaker 5>happy over there.

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<v Speaker 2>Yeah.

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<v Speaker 4>I just blown away by this year how much we've

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<v Speaker 4>been talking about gold, how much we've just talking about metals, minerals,

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<v Speaker 4>rare earths, like all of it, like for a while now.

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<v Speaker 1>Yeah, gold hit a high on January twenty eighth. It

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<v Speaker 1>was at fifty four to seventeen announced. Right now, it's

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<v Speaker 1>trading at forty seven to twenty.

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<v Speaker 3>War has played around with this one, yeah, I.

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<v Speaker 1>Mean there's this complicated sort of interest rate calculation. You know,

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<v Speaker 1>when people think differently about rates and what rates are

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<v Speaker 1>going to do for the year, they think differently about gold,

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<v Speaker 1>so it kind of loses its status a little bit.

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<v Speaker 1>Some would argue, yeah, as a safe haven.

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<v Speaker 3>I don't know, Avalon's like, kay, kids, I'm still here.

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<v Speaker 3>We just like amuse ourselves. Great three stocks.

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<v Speaker 4>I think what's really interesting is you're seeing some really

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<v Speaker 4>big moves in either direction, even if the SMP isn't

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<v Speaker 4>moving that much, certainly the Nasdaq one hundred is, but

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<v Speaker 4>you are seeing individual names bouncing around all right.

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<v Speaker 3>Avalon Parnell. She is Bloomberg News Equities.

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<v Speaker 2>Reporter the Stock Movers podcast from Bloomberg Radio. Check back

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