WEBVTT - Intel Drops, Qualcomm Falls, Lowe's Gains After Upgrade at Citi for Continued Outperformance

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 1>Let's take a look at where some of the stocks

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<v Speaker 1>on the move today? Are we going to do that

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<v Speaker 1>with Bloomberg? Christine? You know, Christine, what are you looking

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<v Speaker 1>at today? All right, Paul, we got to take a

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<v Speaker 1>look at some of the biggest laggers in a market today.

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<v Speaker 1>Talking about Intel ticker i NTC. Those shares are extending

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<v Speaker 1>their declines out down more than a percent here, and

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<v Speaker 1>that is because there's a lot of questions about this

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<v Speaker 1>chip stock rally that seemed very unstoppable at one point,

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<v Speaker 1>but then overnight we lost a lot of value in

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<v Speaker 1>those companies. Intel of course, has added four hundred and

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<v Speaker 1>forty billion dollars to its market cap since the end

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<v Speaker 1>of March, but as a result, it has a lot

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<v Speaker 1>of short seller interests. So apparently short interest as a

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<v Speaker 1>percentage of the company's float is near a fifty two

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<v Speaker 1>week high. That's according to data from some analysts. And

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<v Speaker 1>you know that is also that makes sense because Intel

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<v Speaker 1>is currently the most expensive chip stock, and so on

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<v Speaker 1>a day like today. You know, you've got to be

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<v Speaker 1>watching out for some of short sellers circling the markets,

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<v Speaker 1>because they're also appear to be circling around Micron and

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<v Speaker 1>AMD as well as the chip stock sell off continues.

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<v Speaker 1>All right, so we will be watching Intel, but we've

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<v Speaker 1>been watching Intel for a while.

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<v Speaker 2>Now.

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<v Speaker 1>What's second on your list? All right, let's say look

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<v Speaker 1>at Qualcomb as well as carl It's ticker QCOM. Those

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<v Speaker 1>shares also really getting battered here, down more than ten

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<v Speaker 1>percent at the moment. You know, Training in a stock

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<v Speaker 1>yesterday apparently rose to ten point eight billion dollars, that

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<v Speaker 1>is two hundred and sixty seven percent of the twenty

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<v Speaker 1>day average. So a lot of interest in this stock

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<v Speaker 1>as well. Of course, we know that executives can qual

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<v Speaker 1>Com are going to be part of that US delegation

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<v Speaker 1>to China as President Trump heads over to me to

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<v Speaker 1>his kind of right she jimping, and so we'll see,

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<v Speaker 1>you know, if there are any kind of deals to

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<v Speaker 1>be made there that will benefit from But as of today,

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<v Speaker 1>it just looks like it's getting ensnared again in this

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<v Speaker 1>text helf, particularly when it comes to semiconductors. Okay, one more,

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<v Speaker 1>let's take a look at at Low's again today, so

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<v Speaker 1>ticker l ow That's sound just slightly three tens of

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<v Speaker 1>one percent. We did get an upgrade for the stock.

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<v Speaker 1>It was upgraded to buy from neutral at City Group

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<v Speaker 1>and Al Steven Zacconi saying that Low's should at least

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<v Speaker 1>beat first quarter Street estimates for its earnings. Those are

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<v Speaker 1>due on the twenty first of May, and they're seeing

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<v Speaker 1>the company continuing to outperform the industry. Low's is also

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<v Speaker 1>apparently quote attractive to own in the current home improvement

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<v Speaker 1>landscape because it's more exposed to DIY or smaller projects,

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<v Speaker 1>and we know that consumers are kind of postponing their

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<v Speaker 1>bigger renovation projects at the moment. But you know that's

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<v Speaker 1>benefiting Lows as a company that cares more to some

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<v Speaker 1>of the smaller projects that people are taking.

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<v Speaker 2>On the stock mover's report from Bloomberg Radio. Check back

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