Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data,
Speaker 2: take a look at some of the stocks on the
Speaker 2: move today. You can do that with Bloomberg's Alexandra Semenova
Speaker 2: Alexander what are you looking at?
Speaker 1: Hey, guys? So Intel is obviously the headliner today. It
Speaker 1: is taking a nosedive and seeing it down about sixteen
Speaker 1: percent right now. This is after its CEO gave a
Speaker 1: lackluster forecast. He also warned that the chip maker was
Speaker 1: struggling with manufacturing problems. Investors really not liking that. Projections
Speaker 1: for the first quarter for revenue and earnings both fell
Speaker 1: short of Wall Street estimates, making that even worse. During
Speaker 1: the earnings call with analysts, the CEO said that it
Speaker 1: would take time and resolve to turn around the company
Speaker 1: that sent shares down even lower. Intel's comeback bid has
Speaker 1: been marked by products production snag, which has been disappointing
Speaker 1: for investors who are really looking for new products. The
Speaker 1: CEO said, we are on a multi year journey worth,
Speaker 1: noting too that the bar was really high for them
Speaker 1: given the stock had run up something like thirty percent
Speaker 1: leading into the results end is up about one hundred
Speaker 1: and twenty percent over the last twelve months. I'm so
Speaker 1: glad you mentioned that because I feel like that's the
Speaker 1: most important context here. Yes, absolutely, what's your next one?
Speaker 1: So I'm taking a look at some of these solar
Speaker 1: stocks getting a nice boost things to Elon Musk. He
Speaker 1: made some comments over at Davos. He said that SpaceX
Speaker 1: within the next few years will be launching solar powered
Speaker 1: AI satellites. Among some of the gainers, I'm seeing Canadian
Speaker 1: solar that is up about eight percent right now. Array
Speaker 1: Technologies emphasize energy for solar. Those are some of the
Speaker 1: stocks that are moving on this.
Speaker 2: Capital One Financial Corporate.
Speaker 1: Yeah, so they have a lot of news today. They
Speaker 1: reported earnings and they also agreed to acquire Brex, which
Speaker 1: is a fintech company that focuses on corporate expense management.
Speaker 1: This is a five billion dollar deal. They're going to
Speaker 1: buy bres for roughly fifty percent cash and fifty percent stock.
Speaker 1: The deal would be actually the biggest since they acquired
Speaker 1: Discovery Discover Financial Services last year. And of course, they
Speaker 1: also reported earning's fourth quarter net income almost doubled from
Speaker 1: a year earlier. Adjusted earnings per share did meet analysts
Speaker 1: did miss, rather analyst estimates, and then provisions for credit
Speaker 1: losses searched fifty seven percent from a year ago. Important
Speaker 1: to note here also that their CEO, Richard Fairbank, made
Speaker 1: a comment about the ten percent interest rate cap proposal.
Speaker 1: He said that less available credit could tip the economy
Speaker 1: into recession.
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