Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg data.
Speaker 1: Let's take a look at some stock movers out there.
Speaker 2: We can do that with Bloomberg's Matthew Griffin.
Speaker 1: Matt, what are you looking at here? Let's talk some
Speaker 1: more about Intel. I feel like there is just no
Speaker 1: end of what you can say about this report about
Speaker 1: the stock reaction here. So, of course shares up more
Speaker 1: than twenty three percent today, but you know, taking a
Speaker 1: step back looking here, to date, Intel now up one
Speaker 1: hundred and twenty one percent year to date. That's after
Speaker 1: about eighty five percent last year. So the days of
Speaker 1: this long stock slump look increasingly in the rear view mirror.
Speaker 1: Even before the blowout revenue forecast that the company gave
Speaker 1: for the current quarter, there was a lot of reason
Speaker 1: for investor optimism. They had bought back part of a
Speaker 1: factory they'd had to sell basically to raise cash. That's
Speaker 1: seen as a vote of confidence participating in Elon Musk
Speaker 1: ship making projects. So, you know, really a lot of
Speaker 1: reason for optimism, even though they're revenue still a long
Speaker 1: way off all time highs.
Speaker 2: Very good? All right? What else you got? Avis? Yes?
Speaker 1: So, Avis now extending a slump into a third day,
Speaker 1: nothing like the epic crash has seen the last two sessions.
Speaker 1: But shares now down about two and a half percent,
Speaker 1: the stock down nearly sixty nine percent across three sessions.
Speaker 1: That comes even though Pentwater Capital that's their second largest shareholder.
Speaker 1: They said last night that they'd exercised call options bought
Speaker 1: seven hundred and forty one thousand shares just before the
Speaker 1: crash started. Those are in the green. They you know,
Speaker 1: those options were for a lower price. However, you know
Speaker 1: that not moving the needle, and you know, just to
Speaker 1: throw something extra in for listeners, look at what's happening
Speaker 1: with the Dow Transports Index. It waits its members by
Speaker 1: share price, and it is just swinging wildly along with Avis.
Speaker 1: Down twelve percent across three days. Yeah, all those now
Speaker 1: averrecuez price weight. It is a really weird thing. Okay,
Speaker 1: Let's talk about the company in the formerly known as
Speaker 1: Slumberge Yes so now known as SLB ticker SLB investors
Speaker 1: trying to pick a direction here, Shares up about half
Speaker 1: a percent, recovering earlier losses, and it I think highlights
Speaker 1: the way that the Iran war cuts both ways for
Speaker 1: companies that do maintenance and services for oil. Long term
Speaker 1: Iran war expected to be a tailwind. Oil prices a
Speaker 1: lot higher right now though a lot of those oil
Speaker 1: fields in the Middle East you can't send people into
Speaker 1: do maintenance. That's caused their earnings for share to fall
Speaker 1: twenty eight percent year over year, and again investors kind
Speaker 1: of weighing the short term versus the long term.
Speaker 2: Here this stock Movers report from Bloomberg Radio. Check back
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