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 1: I'm Carol Messer along with Tim Stanwick. Let's get a
Speaker 1: look at some stocks on the move. Here to do
Speaker 1: that is Bloomberg News Equities reporter Thetalia Kenny Javich, and
Speaker 1: she joins us here in studio. Good to have you
Speaker 1: here with US Semiconductors. They are definitely on the move
Speaker 1: to the upside.
Speaker 3: Exactly so shares of Intel the tickets im TC are
Speaker 3: up by almost thirteen percent. So the Information reported that
Speaker 3: Alphabet's Google will rely on about three million chips by
Speaker 3: twenty twenty eight. We still don't know if those chips
Speaker 3: will be manufactured by Intel or packaged by Intel. Some
Speaker 3: analysts are actually seeing that that could be a pretty
Speaker 3: big risk for a company like Alphabet to rely on
Speaker 3: Intel in terms of production of such a big amount
Speaker 3: of chips by twenty twenty eight. But again, of course,
Speaker 3: we know that this move comes as TSMC just can't
Speaker 3: keep up with this huge demand for chips, and we
Speaker 3: also see that it's been reflected in the stock price,
Speaker 3: Intel is up by almost four hundred and forty percent
Speaker 3: on twelve months basis, So we'll see how this plays out.
Speaker 3: And again with these big ambitious plans from Intel to
Speaker 3: produce chips here.
Speaker 1: Right, that has been a really big initiative for Intel
Speaker 1: in terms of really boosting its manufacturing business. Right, actually
Speaker 1: the manufacturing of chips exactly.
Speaker 3: But again, like analysts I spoke with are saying that
Speaker 3: potentially the first few orders will be packaged. They will
Speaker 3: deliver chips from TSMC, package it here in the US
Speaker 3: and sell to customers. How far away we are from
Speaker 3: the moment when Intel will start producing we still don't know.
Speaker 4: Okay, Intel a stock that is moving higher, not every
Speaker 4: stock though moving higher. You're looking at an energy firm
Speaker 4: that's in the red today.
Speaker 3: Yes, which is actually quite interesting. The ticket for that
Speaker 3: one is Frvo. This Ferval Energy. This is the company
Speaker 3: that went public in May. It was really very very
Speaker 3: well received at the stock jump by almost thirty five
Speaker 3: percent when it started treating. So the company also raised
Speaker 3: about two billion dollars. Now today we got analysts' initiations,
Speaker 3: most of them. I'm looking at an R function on
Speaker 3: Bloomberg terminal are by ratings, the price target for twelve
Speaker 3: months is sitting at forty six dollars per share. The
Speaker 3: stock is now at thirty four. However, analysts also say
Speaker 3: that again like demand is there. So this is a
Speaker 3: geothermal company, which means that they derive energy from Earth,
Speaker 3: and it's been not really popular over the past few
Speaker 3: years because it's been very expensive.
Speaker 4: Well pretty wild moves today. I mean it's up as
Speaker 4: much as three point seven percent earlier in the session,
Speaker 4: now down seven point six percent, down as seven point
Speaker 4: eight percent, So yeah, quite a slang.
Speaker 3: Yeah, but anyway, we also should point out that despite
Speaker 3: the fact that it has really big agreements with customers
Speaker 3: like Shell or Google, this business is still unprofitable. We
Speaker 3: saw when the company reported earnings that net loss was
Speaker 3: sitting around seventy million dollars and it was wider than
Speaker 3: a year ago.
Speaker 1: Yeah, you know, it's just again another form of energy
Speaker 1: or producing energy. But it does feel like it's taking
Speaker 1: a while to take off. And as we said, you
Speaker 1: can see investors hesitation, there's buying, they're selling some dramatic
Speaker 1: swings in today's session. Hey, now let's switch on over
Speaker 1: to Avis.
Speaker 3: Yeah, so this stock the ticker for that one is car.
Speaker 3: The shares are by almost five percent today. We saw
Speaker 3: an upgrade from Berkley. So analysts are saying that they
Speaker 3: saw some positive fundamentals in the first quarter. They expect
Speaker 3: them to continue in the second quarter. They also see
Speaker 3: some potential guidance rades. However, guys, we should keep in
Speaker 3: mind that this is a very heavily shorted stock. Just
Speaker 3: before this segment, I checked with S three Partners. This
Speaker 3: is the company that compiles data on short selling. They
Speaker 3: told me that about thirty percent of all flowed is
Speaker 3: now shortened. We saw that this stock has been all
Speaker 3: over the place, really volatile on a year today basis, however,
Speaker 3: it's up by fifty or forty six percent. And another
Speaker 3: thing that I'm keeping an eye the biggest share of
Speaker 3: revenue for Avis comes from the US. We have the
Speaker 3: World Cup, and that could also potentially be kind of
Speaker 3: you know, tailwind.
Speaker 4: Don't drive to the game. I'm at I went right, yeah,
Speaker 4: getting it expensive train.
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with
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