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 where some of the stocks
Speaker 1: on the move today? Are we going to do that
Speaker 1: with Bloomberg? Christine? You know, Christine, what are you looking
Speaker 1: at today? All right, Paul, we got to take a
Speaker 1: look at some of the biggest laggers in a market today.
Speaker 1: Talking about Intel ticker i NTC. Those shares are extending
Speaker 1: their declines out down more than a percent here, and
Speaker 1: that is because there's a lot of questions about this
Speaker 1: chip stock rally that seemed very unstoppable at one point,
Speaker 1: but then overnight we lost a lot of value in
Speaker 1: those companies. Intel of course, has added four hundred and
Speaker 1: forty billion dollars to its market cap since the end
Speaker 1: of March, but as a result, it has a lot
Speaker 1: of short seller interests. So apparently short interest as a
Speaker 1: percentage of the company's float is near a fifty two
Speaker 1: week high. That's according to data from some analysts. And
Speaker 1: you know that is also that makes sense because Intel
Speaker 1: is currently the most expensive chip stock, and so on
Speaker 1: a day like today. You know, you've got to be
Speaker 1: watching out for some of short sellers circling the markets,
Speaker 1: because they're also appear to be circling around Micron and
Speaker 1: AMD as well as the chip stock sell off continues.
Speaker 1: All right, so we will be watching Intel, but we've
Speaker 1: been watching Intel for a while.
Speaker 2: Now.
Speaker 1: What's second on your list? All right, let's say look
Speaker 1: at Qualcomb as well as carl It's ticker QCOM. Those
Speaker 1: shares also really getting battered here, down more than ten
Speaker 1: percent at the moment. You know, Training in a stock
Speaker 1: yesterday apparently rose to ten point eight billion dollars, that
Speaker 1: is two hundred and sixty seven percent of the twenty
Speaker 1: day average. So a lot of interest in this stock
Speaker 1: as well. Of course, we know that executives can qual
Speaker 1: Com are going to be part of that US delegation
Speaker 1: to China as President Trump heads over to me to
Speaker 1: his kind of right she jimping, and so we'll see,
Speaker 1: you know, if there are any kind of deals to
Speaker 1: be made there that will benefit from But as of today,
Speaker 1: it just looks like it's getting ensnared again in this
Speaker 1: text helf, particularly when it comes to semiconductors. Okay, one more,
Speaker 1: let's take a look at at Low's again today, so
Speaker 1: ticker l ow That's sound just slightly three tens of
Speaker 1: one percent. We did get an upgrade for the stock.
Speaker 1: It was upgraded to buy from neutral at City Group
Speaker 1: and Al Steven Zacconi saying that Low's should at least
Speaker 1: beat first quarter Street estimates for its earnings. Those are
Speaker 1: due on the twenty first of May, and they're seeing
Speaker 1: the company continuing to outperform the industry. Low's is also
Speaker 1: apparently quote attractive to own in the current home improvement
Speaker 1: landscape because it's more exposed to DIY or smaller projects,
Speaker 1: and we know that consumers are kind of postponing their
Speaker 1: bigger renovation projects at the moment. But you know that's
Speaker 1: benefiting Lows as a company that cares more to some
Speaker 1: of the smaller projects that people are taking.
Speaker 2: On the stock mover's report from Bloomberg Radio. Check back
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