1 00:00:02,520 --> 00:00:07,360 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 --> 00:00:16,720 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,880 --> 00:00:19,040 Speaker 3: I'm Carol Masser, a longer term standick. Let's get to 5 00:00:19,160 --> 00:00:21,079 Speaker 3: some stocks on the move with us to do that 6 00:00:21,120 --> 00:00:24,200 Speaker 3: as Bloomberg News process A reporter Janita Sikov, she's here 7 00:00:24,880 --> 00:00:27,680 Speaker 3: in studio. You want to start with retail stocks. 8 00:00:27,680 --> 00:00:28,240 Speaker 4: What's going on? 9 00:00:28,480 --> 00:00:30,360 Speaker 5: Yeah, we had a grave day for this SMP, but 10 00:00:30,440 --> 00:00:32,680 Speaker 5: not so much for the retail sector. That was the 11 00:00:32,720 --> 00:00:35,440 Speaker 5: one that was heard the most after we learned that 12 00:00:35,520 --> 00:00:38,880 Speaker 5: Supreme Court would then release it is highly anticipated decision today. 13 00:00:39,760 --> 00:00:40,560 Speaker 4: Two names I'm. 14 00:00:40,440 --> 00:00:43,680 Speaker 5: Looking at under Armour and Coles, both of them were 15 00:00:43,720 --> 00:00:47,280 Speaker 5: down about six percent today. Really a lot of pressure there. 16 00:00:47,320 --> 00:00:51,239 Speaker 5: We saw some of those name rallying into closer to 17 00:00:51,320 --> 00:00:54,160 Speaker 5: the decision, so there was some optimism there. And another 18 00:00:54,160 --> 00:00:56,120 Speaker 5: thing with the delay of the decision is that there 19 00:00:56,120 --> 00:00:58,960 Speaker 5: has been so much uncertainty and all those retail names 20 00:00:59,000 --> 00:01:01,280 Speaker 5: have been under so much pressure that you can see 21 00:01:01,280 --> 00:01:03,760 Speaker 5: that any delay is weighing additionally on that. It's not 22 00:01:04,000 --> 00:01:06,800 Speaker 5: only those names we have Lulu Lemon, we have Best buy, 23 00:01:06,880 --> 00:01:09,800 Speaker 5: we have American ego. All of those are under a 24 00:01:09,840 --> 00:01:12,600 Speaker 5: lot of pressure today. Now we know the Supreme Court 25 00:01:12,640 --> 00:01:16,080 Speaker 5: decision is moved to Wednesday. But even with that, we 26 00:01:16,160 --> 00:01:19,320 Speaker 5: know that a lot of companies like Costco are suing 27 00:01:19,520 --> 00:01:23,480 Speaker 5: for a refunds. But even if the decision is against 28 00:01:23,480 --> 00:01:26,640 Speaker 5: the Supreme Court, then their decision about the refunds may 29 00:01:26,680 --> 00:01:29,280 Speaker 5: move to lower courts. So it's still we're going back 30 00:01:29,280 --> 00:01:32,640 Speaker 5: to that uncertainty and certainty, uncertainty, and the victim of 31 00:01:32,640 --> 00:01:33,920 Speaker 5: that is retail socks. 32 00:01:34,240 --> 00:01:36,319 Speaker 1: Okay, let's talk a little bit about what's going on 33 00:01:36,560 --> 00:01:38,440 Speaker 1: with Intel, another company on your radar. 34 00:01:38,520 --> 00:01:40,360 Speaker 3: I feel like the chip sector, there's been a lot 35 00:01:40,360 --> 00:01:41,880 Speaker 3: of movement today to the upside. 36 00:01:41,959 --> 00:01:45,000 Speaker 5: Yeah. Intel has been doing so well. It rolls more 37 00:01:45,040 --> 00:01:47,840 Speaker 5: than ten percent. This is the highest level since March 38 00:01:47,880 --> 00:01:48,680 Speaker 5: twenty twenty four. 39 00:01:48,920 --> 00:01:50,720 Speaker 4: Of course, the ticker is i NTC. 40 00:01:51,440 --> 00:01:55,440 Speaker 5: It's coming also from us by the White House. President 41 00:01:55,520 --> 00:01:58,280 Speaker 5: Trump praise Intel CEO after their meeting. They had a 42 00:01:58,320 --> 00:02:02,400 Speaker 5: meeting at White House. After that he took over social 43 00:02:02,440 --> 00:02:04,960 Speaker 5: media and he said, we met a great deal, and 44 00:02:05,000 --> 00:02:08,000 Speaker 5: so did Intel. There is a lot of optimism there 45 00:02:08,040 --> 00:02:09,880 Speaker 5: and of course they recently had. 46 00:02:09,720 --> 00:02:12,120 Speaker 4: A new CEO takeover. There has been a lot of 47 00:02:12,160 --> 00:02:14,600 Speaker 4: optimism since then. He's been really. 48 00:02:14,360 --> 00:02:17,919 Speaker 5: Showing up a lot of the troubled business. But yet 49 00:02:18,080 --> 00:02:20,520 Speaker 5: we're just we're yet to see if the new investment 50 00:02:20,600 --> 00:02:22,440 Speaker 5: is actually paying off and all those new chips are 51 00:02:22,480 --> 00:02:25,160 Speaker 5: going to prove, and whether Intel can actually take a 52 00:02:25,200 --> 00:02:28,200 Speaker 5: serious share of that business despite the big rally we're 53 00:02:28,200 --> 00:02:29,280 Speaker 5: saying in the stock. 54 00:02:29,360 --> 00:02:30,040 Speaker 2: But I don't know. 55 00:02:30,120 --> 00:02:32,640 Speaker 1: I don't know if I envy the position of a 56 00:02:32,680 --> 00:02:35,360 Speaker 1: corporate executive who is in charge of a company that 57 00:02:35,440 --> 00:02:38,640 Speaker 1: has US ownership. It's all, well, you know, the tweets 58 00:02:38,639 --> 00:02:40,799 Speaker 1: are great or that social media posts are great when 59 00:02:40,800 --> 00:02:44,079 Speaker 1: the stock is up, But when the stock goes down, 60 00:02:44,160 --> 00:02:45,920 Speaker 1: is that phone the ring? And yeah, is there going 61 00:02:46,000 --> 00:02:47,959 Speaker 1: to be an angry president on the other side of that. 62 00:02:48,160 --> 00:02:50,160 Speaker 3: I don't know, But it's certainly a new world order, 63 00:02:50,240 --> 00:02:52,360 Speaker 3: right Like It's just kind of blows my mind. I 64 00:02:52,360 --> 00:02:54,600 Speaker 3: think a lot of people when you think about the 65 00:02:54,720 --> 00:02:58,720 Speaker 3: US government ownership and Intel so directly right versus maybe 66 00:02:58,760 --> 00:03:02,160 Speaker 3: some other type of policy see to support the industry 67 00:03:02,160 --> 00:03:07,000 Speaker 3: of the company, specifically from chips to guacamali, we go 68 00:03:07,120 --> 00:03:08,480 Speaker 3: to lunch bowls. 69 00:03:08,320 --> 00:03:08,880 Speaker 4: It's very. 70 00:03:10,280 --> 00:03:13,240 Speaker 5: Well, yeah, we've been talking about the lunch bowl era ending, 71 00:03:13,560 --> 00:03:15,520 Speaker 5: but we're seeing some optimism there. 72 00:03:15,560 --> 00:03:17,639 Speaker 4: Two names, Chipotle and Cava. 73 00:03:17,639 --> 00:03:21,280 Speaker 5: Both their them have initiated coverage A tails the advisory 74 00:03:21,280 --> 00:03:24,760 Speaker 5: group and the initiation is starting with overweight, So pretty 75 00:03:24,800 --> 00:03:27,679 Speaker 5: bullish I think there. Chipotle is up on the news 76 00:03:27,760 --> 00:03:31,440 Speaker 5: as much as two percent. The tickers courses, c MG. 77 00:03:31,560 --> 00:03:32,960 Speaker 4: Cava also gained all the news. 78 00:03:32,960 --> 00:03:34,800 Speaker 5: It was up as much as three point six percent. 79 00:03:35,040 --> 00:03:37,200 Speaker 5: Now the games are a little bit smaller, but still 80 00:03:37,680 --> 00:03:39,040 Speaker 5: a lot of optimism there. 81 00:03:39,080 --> 00:03:41,680 Speaker 4: The ticker, of course is see av A. 82 00:03:42,520 --> 00:03:44,760 Speaker 5: We're seeing an interesting trend in Chipotle, and I'm sure 83 00:03:44,760 --> 00:03:45,920 Speaker 5: you've seen any other brands. 84 00:03:45,960 --> 00:03:47,000 Speaker 4: It's all about proteins. 85 00:03:47,000 --> 00:03:50,040 Speaker 5: They've introduced those menus that have so much proteins, like 86 00:03:50,080 --> 00:03:50,760 Speaker 5: thirty grams. 87 00:03:50,840 --> 00:03:52,280 Speaker 4: They always have a lot of proteins. 88 00:03:53,040 --> 00:03:54,520 Speaker 5: Even if you go to Sweet Green, I think it 89 00:03:54,600 --> 00:03:56,400 Speaker 5: was like one hundred grams of protein. It's like a 90 00:03:56,480 --> 00:04:00,560 Speaker 5: constant umping up those numbers. And there is a tam there. 91 00:04:01,400 --> 00:04:03,440 Speaker 5: They're saying she putally remains on track to become a 92 00:04:03,520 --> 00:04:07,360 Speaker 5: leading global restaurant. Same thing for Cava. What done is 93 00:04:07,480 --> 00:04:11,520 Speaker 5: this pointing out that some young Cris Summers are wary 94 00:04:11,680 --> 00:04:15,120 Speaker 5: and perhaps are not going back to those brands in 95 00:04:15,160 --> 00:04:17,880 Speaker 5: twenty twenty five was definitely a softiear for those launch 96 00:04:17,920 --> 00:04:20,120 Speaker 5: balls we've been talking about, But maybe there is more 97 00:04:20,400 --> 00:04:21,320 Speaker 5: good news going ahead. 98 00:04:22,920 --> 00:04:26,960 Speaker 2: The Stock Movers report from Bloomberg Radio. 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