WEBVTT - Intel, Fervo Energy, and Avis All Rise

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

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<v Speaker 2>The Stock Movers report your roundup of companies making moves

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

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<v Speaker 1>I'm Carol Messer along with Tim Stanwick. Let's get a

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<v Speaker 1>look at some stocks on the move. Here to do

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<v Speaker 1>that is Bloomberg News Equities reporter Thetalia Kenny Javich, and

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<v Speaker 1>she joins us here in studio. Good to have you

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<v Speaker 1>here with US Semiconductors. They are definitely on the move

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<v Speaker 1>to the upside.

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<v Speaker 3>Exactly so shares of Intel the tickets im TC are

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<v Speaker 3>up by almost thirteen percent. So the Information reported that

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<v Speaker 3>Alphabet's Google will rely on about three million chips by

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<v Speaker 3>twenty twenty eight. We still don't know if those chips

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<v Speaker 3>will be manufactured by Intel or packaged by Intel. Some

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<v Speaker 3>analysts are actually seeing that that could be a pretty

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<v Speaker 3>big risk for a company like Alphabet to rely on

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<v Speaker 3>Intel in terms of production of such a big amount

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<v Speaker 3>of chips by twenty twenty eight. But again, of course,

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<v Speaker 3>we know that this move comes as TSMC just can't

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<v Speaker 3>keep up with this huge demand for chips, and we

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<v Speaker 3>also see that it's been reflected in the stock price,

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<v Speaker 3>Intel is up by almost four hundred and forty percent

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<v Speaker 3>on twelve months basis, So we'll see how this plays out.

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<v Speaker 3>And again with these big ambitious plans from Intel to

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<v Speaker 3>produce chips here.

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<v Speaker 1>Right, that has been a really big initiative for Intel

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<v Speaker 1>in terms of really boosting its manufacturing business. Right, actually

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<v Speaker 1>the manufacturing of chips exactly.

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<v Speaker 3>But again, like analysts I spoke with are saying that

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<v Speaker 3>potentially the first few orders will be packaged. They will

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<v Speaker 3>deliver chips from TSMC, package it here in the US

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<v Speaker 3>and sell to customers. How far away we are from

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<v Speaker 3>the moment when Intel will start producing we still don't know.

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<v Speaker 4>Okay, Intel a stock that is moving higher, not every

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<v Speaker 4>stock though moving higher. You're looking at an energy firm

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<v Speaker 4>that's in the red today.

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<v Speaker 3>Yes, which is actually quite interesting. The ticket for that

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<v Speaker 3>one is Frvo. This Ferval Energy. This is the company

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<v Speaker 3>that went public in May. It was really very very

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<v Speaker 3>well received at the stock jump by almost thirty five

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<v Speaker 3>percent when it started treating. So the company also raised

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<v Speaker 3>about two billion dollars. Now today we got analysts' initiations,

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<v Speaker 3>most of them. I'm looking at an R function on

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<v Speaker 3>Bloomberg terminal are by ratings, the price target for twelve

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<v Speaker 3>months is sitting at forty six dollars per share. The

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<v Speaker 3>stock is now at thirty four. However, analysts also say

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<v Speaker 3>that again like demand is there. So this is a

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<v Speaker 3>geothermal company, which means that they derive energy from Earth,

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<v Speaker 3>and it's been not really popular over the past few

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<v Speaker 3>years because it's been very expensive.

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<v Speaker 4>Well pretty wild moves today. I mean it's up as

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<v Speaker 4>much as three point seven percent earlier in the session,

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<v Speaker 4>now down seven point six percent, down as seven point

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<v Speaker 4>eight percent, So yeah, quite a slang.

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<v Speaker 3>Yeah, but anyway, we also should point out that despite

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<v Speaker 3>the fact that it has really big agreements with customers

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<v Speaker 3>like Shell or Google, this business is still unprofitable. We

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<v Speaker 3>saw when the company reported earnings that net loss was

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<v Speaker 3>sitting around seventy million dollars and it was wider than

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<v Speaker 3>a year ago.

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<v Speaker 1>Yeah, you know, it's just again another form of energy

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<v Speaker 1>or producing energy. But it does feel like it's taking

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<v Speaker 1>a while to take off. And as we said, you

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<v Speaker 1>can see investors hesitation, there's buying, they're selling some dramatic

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<v Speaker 1>swings in today's session. Hey, now let's switch on over

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<v Speaker 1>to Avis.

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<v Speaker 3>Yeah, so this stock the ticker for that one is car.

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<v Speaker 3>The shares are by almost five percent today. We saw

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<v Speaker 3>an upgrade from Berkley. So analysts are saying that they

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<v Speaker 3>saw some positive fundamentals in the first quarter. They expect

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<v Speaker 3>them to continue in the second quarter. They also see

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<v Speaker 3>some potential guidance rades. However, guys, we should keep in

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<v Speaker 3>mind that this is a very heavily shorted stock. Just

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<v Speaker 3>before this segment, I checked with S three Partners. This

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<v Speaker 3>is the company that compiles data on short selling. They

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<v Speaker 3>told me that about thirty percent of all flowed is

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<v Speaker 3>now shortened. We saw that this stock has been all

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<v Speaker 3>over the place, really volatile on a year today basis, however,

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<v Speaker 3>it's up by fifty or forty six percent. And another

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<v Speaker 3>thing that I'm keeping an eye the biggest share of

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<v Speaker 3>revenue for Avis comes from the US. We have the

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<v Speaker 3>World Cup, and that could also potentially be kind of

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<v Speaker 3>you know, tailwind.

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<v Speaker 4>Don't drive to the game. I'm at I went right, yeah,

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<v Speaker 4>getting it expensive train.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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