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: Let's take a look at some of the stocks on
Speaker 1: the move today. I'm also joined by scarlat Field, were
Speaker 1: joined by Bloomberg's They need to COVID, they need to
Speaker 1: what are you looking at? Let's start with Intel. Ticker
Speaker 1: is i NTC. The stock is down today, a lot
Speaker 1: of pressure, down one percent. It's coming from a rating
Speaker 1: change from HSBC. Currently the stock is reduced from Holt.
Speaker 1: The company rights that the recent do you related STrenD
Speaker 1: in the stock is not sustainable and in fact, if
Speaker 1: you look that September chart, just the stock went parabolic.
Speaker 1: It's more than ninety percent of the August lows. The
Speaker 1: company's new partnership with Nvidia was one of the biggest boosts,
Speaker 1: but of course there have been many deals in Vidia
Speaker 1: recently investing in the company following US Presidence Donald Trump.
Speaker 1: So to accelate the payment of about nine billion of funding,
Speaker 1: then we have a two billion investment from soft Bank.
Speaker 1: So this has really boosted sentiment there, but clearly for
Speaker 1: HSBC that is not enough. They say Intel's own execution
Speaker 1: remains key to any sustainable turnaround. We actually had a
Speaker 1: great story on the terminal recently that the cash infusions
Speaker 1: have done little to fix the core business. It's money
Speaker 1: losing chip making operations, so perhaps investors still keep an
Speaker 1: eye on this. One thing HSBC is saying is that
Speaker 1: the only deal that matters, that can fundamentally change anything
Speaker 1: would be one involving technology sharing with TSMC. It's still
Speaker 1: obviously super strong ear for Intel despite the move today.
Speaker 1: Absolutely okay, so a downgrade dooming Intel shares at least
Speaker 1: for today.
Speaker 2: There's also a downgrade on fed X.
Speaker 1: Yeah, and the reaction is even worse. FedEx is down
Speaker 1: two percent. The downgrade is coming from JP Morgan. They
Speaker 1: cut the recommendation to neutral from overlaid. The price tag
Speaker 1: is still positive. A little bit of game from here.
Speaker 1: He wrote that the perception of a weekend price discipline
Speaker 1: among less than truckload carriers justifies lower multiples we've seen
Speaker 1: even from FedEx. Their projection is about one billion hits
Speaker 1: from the trade volatility this year, and clearly that has
Speaker 1: been one of the biggest companies people are watching when
Speaker 1: it comes to impact from tariffs, and that so far
Speaker 1: is really weighing on the company. Most of the reduction
Speaker 1: to adjusted operating profits steams from lower shipments from China
Speaker 1: to the US. Obviously that's a highly profitable shipping lane.
Speaker 1: The transport sector. JP Morgan says faces a bismo market sentiment.
Speaker 1: So yeah, some negative sentiment there. Oracle had a really
Speaker 1: rough day yesterday and today we're seeing a big reversal.
Speaker 1: Stock is up about two percent now. The ticker is
Speaker 1: all our cel. Of course, it comes after the Information
Speaker 1: reported that it's quite called computing business is generating lower
Speaker 1: revenue than many in Wall Street have been as but
Speaker 1: the reaction on the street is not negative at all.
Speaker 1: Mazu who is saying this is a buying opportunity, A
Speaker 1: bloomer Intelligence is saying gross profit of less than twenty
Speaker 1: percent is not that surprising. And Jerry, we're seeing a
Speaker 1: lot of positive optimism. Oracle shares have jumped around seventy
Speaker 1: percent this year. Demand for art Fisher intelligence computing has
Speaker 1: been soaring, and clearly investors don't want to miss on
Speaker 1: any buying deep opportunity, and we see that on display today.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
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