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 3: I'm Carol Masser, a longer term standick. Let's get to
Speaker 3: some stocks on the move with us to do that
Speaker 3: as Bloomberg News process A reporter Janita Sikov, she's here
Speaker 3: in studio. You want to start with retail stocks.
Speaker 4: What's going on?
Speaker 5: Yeah, we had a grave day for this SMP, but
Speaker 5: not so much for the retail sector. That was the
Speaker 5: one that was heard the most after we learned that
Speaker 5: Supreme Court would then release it is highly anticipated decision today.
Speaker 4: Two names I'm.
Speaker 5: Looking at under Armour and Coles, both of them were
Speaker 5: down about six percent today. Really a lot of pressure there.
Speaker 5: We saw some of those name rallying into closer to
Speaker 5: the decision, so there was some optimism there. And another
Speaker 5: thing with the delay of the decision is that there
Speaker 5: has been so much uncertainty and all those retail names
Speaker 5: have been under so much pressure that you can see
Speaker 5: that any delay is weighing additionally on that. It's not
Speaker 5: only those names we have Lulu Lemon, we have Best buy,
Speaker 5: we have American ego. All of those are under a
Speaker 5: lot of pressure today. Now we know the Supreme Court
Speaker 5: decision is moved to Wednesday. But even with that, we
Speaker 5: know that a lot of companies like Costco are suing
Speaker 5: for a refunds. But even if the decision is against
Speaker 5: the Supreme Court, then their decision about the refunds may
Speaker 5: move to lower courts. So it's still we're going back
Speaker 5: to that uncertainty and certainty, uncertainty, and the victim of
Speaker 5: that is retail socks.
Speaker 1: Okay, let's talk a little bit about what's going on
Speaker 1: with Intel, another company on your radar.
Speaker 3: I feel like the chip sector, there's been a lot
Speaker 3: of movement today to the upside.
Speaker 5: Yeah. Intel has been doing so well. It rolls more
Speaker 5: than ten percent. This is the highest level since March
Speaker 5: twenty twenty four.
Speaker 4: Of course, the ticker is i NTC.
Speaker 5: It's coming also from us by the White House. President
Speaker 5: Trump praise Intel CEO after their meeting. They had a
Speaker 5: meeting at White House. After that he took over social
Speaker 5: media and he said, we met a great deal, and
Speaker 5: so did Intel. There is a lot of optimism there
Speaker 5: and of course they recently had.
Speaker 4: A new CEO takeover. There has been a lot of
Speaker 4: optimism since then. He's been really.
Speaker 5: Showing up a lot of the troubled business. But yet
Speaker 5: we're just we're yet to see if the new investment
Speaker 5: is actually paying off and all those new chips are
Speaker 5: going to prove, and whether Intel can actually take a
Speaker 5: serious share of that business despite the big rally we're
Speaker 5: saying in the stock.
Speaker 2: But I don't know.
Speaker 1: I don't know if I envy the position of a
Speaker 1: corporate executive who is in charge of a company that
Speaker 1: has US ownership. It's all, well, you know, the tweets
Speaker 1: are great or that social media posts are great when
Speaker 1: the stock is up, But when the stock goes down,
Speaker 1: is that phone the ring? And yeah, is there going
Speaker 1: to be an angry president on the other side of that.
Speaker 3: I don't know, But it's certainly a new world order,
Speaker 3: right Like It's just kind of blows my mind. I
Speaker 3: think a lot of people when you think about the
Speaker 3: US government ownership and Intel so directly right versus maybe
Speaker 3: some other type of policy see to support the industry
Speaker 3: of the company, specifically from chips to guacamali, we go
Speaker 3: to lunch bowls.
Speaker 4: It's very.
Speaker 5: Well, yeah, we've been talking about the lunch bowl era ending,
Speaker 5: but we're seeing some optimism there.
Speaker 4: Two names, Chipotle and Cava.
Speaker 5: Both their them have initiated coverage A tails the advisory
Speaker 5: group and the initiation is starting with overweight, So pretty
Speaker 5: bullish I think there. Chipotle is up on the news
Speaker 5: as much as two percent. The tickers courses, c MG.
Speaker 4: Cava also gained all the news.
Speaker 5: It was up as much as three point six percent.
Speaker 5: Now the games are a little bit smaller, but still
Speaker 5: a lot of optimism there.
Speaker 4: The ticker, of course is see av A.
Speaker 5: We're seeing an interesting trend in Chipotle, and I'm sure
Speaker 5: you've seen any other brands.
Speaker 4: It's all about proteins.
Speaker 5: They've introduced those menus that have so much proteins, like
Speaker 5: thirty grams.
Speaker 4: They always have a lot of proteins.
Speaker 5: Even if you go to Sweet Green, I think it
Speaker 5: was like one hundred grams of protein. It's like a
Speaker 5: constant umping up those numbers. And there is a tam there.
Speaker 5: They're saying she putally remains on track to become a
Speaker 5: leading global restaurant. Same thing for Cava. What done is
Speaker 5: this pointing out that some young Cris Summers are wary
Speaker 5: and perhaps are not going back to those brands in
Speaker 5: twenty twenty five was definitely a softiear for those launch
Speaker 5: balls we've been talking about, But maybe there is more
Speaker 5: good news going ahead.
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