1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,320 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,520 --> 00:00:18,319 Speaker 1: Let's take a look at some of the stocks on 5 00:00:18,360 --> 00:00:21,240 Speaker 1: the move today. I'm also joined by scarlat Field, were 6 00:00:21,280 --> 00:00:23,400 Speaker 1: joined by Bloomberg's They need to COVID, they need to 7 00:00:23,400 --> 00:00:25,840 Speaker 1: what are you looking at? Let's start with Intel. Ticker 8 00:00:26,120 --> 00:00:29,560 Speaker 1: is i NTC. The stock is down today, a lot 9 00:00:29,560 --> 00:00:32,920 Speaker 1: of pressure, down one percent. It's coming from a rating 10 00:00:33,000 --> 00:00:36,680 Speaker 1: change from HSBC. Currently the stock is reduced from Holt. 11 00:00:37,040 --> 00:00:39,840 Speaker 1: The company rights that the recent do you related STrenD 12 00:00:39,880 --> 00:00:42,360 Speaker 1: in the stock is not sustainable and in fact, if 13 00:00:42,400 --> 00:00:45,520 Speaker 1: you look that September chart, just the stock went parabolic. 14 00:00:46,080 --> 00:00:48,879 Speaker 1: It's more than ninety percent of the August lows. The 15 00:00:48,880 --> 00:00:52,440 Speaker 1: company's new partnership with Nvidia was one of the biggest boosts, 16 00:00:52,440 --> 00:00:55,000 Speaker 1: but of course there have been many deals in Vidia 17 00:00:55,120 --> 00:00:59,800 Speaker 1: recently investing in the company following US Presidence Donald Trump. 18 00:01:00,120 --> 00:01:03,000 Speaker 1: So to accelate the payment of about nine billion of funding, 19 00:01:03,280 --> 00:01:05,679 Speaker 1: then we have a two billion investment from soft Bank. 20 00:01:06,400 --> 00:01:09,920 Speaker 1: So this has really boosted sentiment there, but clearly for 21 00:01:10,080 --> 00:01:14,200 Speaker 1: HSBC that is not enough. They say Intel's own execution 22 00:01:14,319 --> 00:01:17,320 Speaker 1: remains key to any sustainable turnaround. We actually had a 23 00:01:17,319 --> 00:01:20,720 Speaker 1: great story on the terminal recently that the cash infusions 24 00:01:20,720 --> 00:01:23,280 Speaker 1: have done little to fix the core business. It's money 25 00:01:23,280 --> 00:01:27,000 Speaker 1: losing chip making operations, so perhaps investors still keep an 26 00:01:27,000 --> 00:01:29,520 Speaker 1: eye on this. One thing HSBC is saying is that 27 00:01:29,560 --> 00:01:32,800 Speaker 1: the only deal that matters, that can fundamentally change anything 28 00:01:33,120 --> 00:01:37,600 Speaker 1: would be one involving technology sharing with TSMC. It's still 29 00:01:37,680 --> 00:01:41,120 Speaker 1: obviously super strong ear for Intel despite the move today. 30 00:01:41,200 --> 00:01:44,720 Speaker 1: Absolutely okay, so a downgrade dooming Intel shares at least 31 00:01:44,720 --> 00:01:45,240 Speaker 1: for today. 32 00:01:45,520 --> 00:01:47,240 Speaker 2: There's also a downgrade on fed X. 33 00:01:47,480 --> 00:01:49,800 Speaker 1: Yeah, and the reaction is even worse. FedEx is down 34 00:01:49,840 --> 00:01:52,880 Speaker 1: two percent. The downgrade is coming from JP Morgan. They 35 00:01:52,880 --> 00:01:56,680 Speaker 1: cut the recommendation to neutral from overlaid. The price tag 36 00:01:56,760 --> 00:01:59,720 Speaker 1: is still positive. A little bit of game from here. 37 00:02:00,280 --> 00:02:02,960 Speaker 1: He wrote that the perception of a weekend price discipline 38 00:02:03,000 --> 00:02:07,520 Speaker 1: among less than truckload carriers justifies lower multiples we've seen 39 00:02:07,720 --> 00:02:11,760 Speaker 1: even from FedEx. Their projection is about one billion hits 40 00:02:11,800 --> 00:02:15,160 Speaker 1: from the trade volatility this year, and clearly that has 41 00:02:15,240 --> 00:02:17,960 Speaker 1: been one of the biggest companies people are watching when 42 00:02:18,000 --> 00:02:20,720 Speaker 1: it comes to impact from tariffs, and that so far 43 00:02:21,040 --> 00:02:23,600 Speaker 1: is really weighing on the company. Most of the reduction 44 00:02:23,960 --> 00:02:27,639 Speaker 1: to adjusted operating profits steams from lower shipments from China 45 00:02:27,919 --> 00:02:31,200 Speaker 1: to the US. Obviously that's a highly profitable shipping lane. 46 00:02:31,880 --> 00:02:36,600 Speaker 1: The transport sector. JP Morgan says faces a bismo market sentiment. 47 00:02:37,720 --> 00:02:43,320 Speaker 1: So yeah, some negative sentiment there. Oracle had a really 48 00:02:43,440 --> 00:02:45,960 Speaker 1: rough day yesterday and today we're seeing a big reversal. 49 00:02:45,960 --> 00:02:48,680 Speaker 1: Stock is up about two percent now. The ticker is 50 00:02:48,840 --> 00:02:53,359 Speaker 1: all our cel. Of course, it comes after the Information 51 00:02:53,480 --> 00:02:57,880 Speaker 1: reported that it's quite called computing business is generating lower 52 00:02:58,160 --> 00:03:00,720 Speaker 1: revenue than many in Wall Street have been as but 53 00:03:00,760 --> 00:03:02,560 Speaker 1: the reaction on the street is not negative at all. 54 00:03:02,680 --> 00:03:05,919 Speaker 1: Mazu who is saying this is a buying opportunity, A 55 00:03:06,000 --> 00:03:09,160 Speaker 1: bloomer Intelligence is saying gross profit of less than twenty 56 00:03:09,200 --> 00:03:13,400 Speaker 1: percent is not that surprising. And Jerry, we're seeing a 57 00:03:13,480 --> 00:03:16,560 Speaker 1: lot of positive optimism. Oracle shares have jumped around seventy 58 00:03:16,600 --> 00:03:20,320 Speaker 1: percent this year. Demand for art Fisher intelligence computing has 59 00:03:20,400 --> 00:03:23,840 Speaker 1: been soaring, and clearly investors don't want to miss on 60 00:03:23,960 --> 00:03:27,720 Speaker 1: any buying deep opportunity, and we see that on display today. 61 00:03:28,720 --> 00:03:32,720 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 62 00:03:32,840 --> 00:03:35,400 Speaker 2: us throughout the day for the latest roundup of companies 63 00:03:35,480 --> 00:03:38,560 Speaker 2: making news on Wall Street and for the latest market 64 00:03:38,600 --> 00:03:43,080 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 65 00:03:43,160 --> 00:03:46,640 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 66 00:03:46,720 --> 00:03:48,200 Speaker 2: the Bloomberg Business app.