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 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Isabelle Lee, watching the
Speaker 3: earnings parade this morning. We've gotten results from Pfizer ahead
Speaker 3: of this morning's opening bell. What's the stock reaction?
Speaker 2: Is a bell?
Speaker 3: Good morning?
Speaker 1: Good morning, Nathan. It's kind of muted. The stock is
Speaker 1: up by just maybe let's call it two tens of
Speaker 1: one percent, so it's a beat for the first quarter sales.
Speaker 1: We know that demand for older blockbusters have helped offset
Speaker 1: a decline in revenue, so I'm realda wondering why it's
Speaker 1: not a bigger pop. But we just had this news,
Speaker 1: so maybe investors are still reacting, are still waking up.
Speaker 1: We're quarterly sales at fourteen and a half billion dollars.
Speaker 1: This is topping Wall Street average. We know that the
Speaker 1: blood thinner Elkis and cancer drug padzib drove much of
Speaker 1: that demand. The company also reaffirmed their twenty twenty six
Speaker 1: sales guidance which is in line with average expectations. So
Speaker 1: we know that fires has been working to cut costs
Speaker 1: well also building a pipeline that can really push its
Speaker 1: next era of growth. But many of the company's top
Speaker 1: drugs are really under pressure. It's kind of a really
Speaker 1: competitive landscape out there in the medical world.
Speaker 3: Well, investors sort of weighed through the results from Pizer.
Speaker 3: They've had a little bit more time to digest what
Speaker 3: we got from DuPont this morning. Where's that stock going?
Speaker 1: DuPont stock, the ticker is dd oh. Now have to
Speaker 1: pull it up, hold on, give me ten seconds. Okay, Well,
Speaker 1: there it is. Yes, what do you see? I see
Speaker 1: one and a half percent? Is that what you see?
Speaker 1: A percent? This is a chemical conglomerate, sure, Nathan says,
Speaker 1: So shares are arising. The company raised its full year guidance,
Speaker 1: and the company has benefited a lot from the whole
Speaker 1: price increase that's taken in the wake of the US
Speaker 1: around conflict. So it's unfortunate news, but some companies did
Speaker 1: benefit from that. The stock is up more than fifteen
Speaker 1: percent this year. So the company forecast at twenty twenty
Speaker 1: six adjusted EPs of two dollars and thirty five cents
Speaker 1: to two dollars and forty cents. This is up ten
Speaker 1: cents from the previous range. They also lifted their full
Speaker 1: year net sales outlook, and both of the new projections
Speaker 1: are above estimate. So DuPont is trying to focus on
Speaker 1: businesses and industries including biopharma, medical packaging, and building technologies.
Speaker 1: I feel like I always have to know more about
Speaker 1: these chemical conglomers because they're really huge companies that affect
Speaker 1: the market.
Speaker 3: Yeah, totally. And I had to let you know that.
Speaker 3: I had to scroll down on my most screen as
Speaker 3: well to see that it's up one point six percent.
Speaker 3: So okay, good, we learn together. Let's get into some
Speaker 3: of the other stocks that have been making a lot
Speaker 3: of news this morning, including Intel, because Apple's making news
Speaker 3: on that.
Speaker 1: Intel is hard to ignore. Exactly it's popping three point
Speaker 1: eight percent. This is due to a Bloomberg exclusive, So
Speaker 1: we have reporting that Apple has held exploratory discussions about
Speaker 1: using Intel as well as Samsung to produce the main
Speaker 1: processors for its devices in the US. That's according to
Speaker 1: people familiar with the matter. So this would be a
Speaker 1: move that would offer a secondary option beyond its longtime
Speaker 1: partner TSMC, so Apple executives have made visits to Samsung
Speaker 1: plant in Texas that will also make advanced chips. That's
Speaker 1: according to the people familiar. And to be clear, neither
Speaker 1: efforts has resulted in any order so far, and this
Speaker 1: is very preliminary, but you can see investors reacting to this.
Speaker 1: We do have this Apple is concerned about using technology
Speaker 1: that's non TSMC, and they may ultimately not move forward,
Speaker 1: but still investors are reacting. Shares are popping, and Intel
Speaker 1: is up around one hundred and sixty percent this year
Speaker 1: through Monday close, so you just really see the stock
Speaker 1: ripping through the air.
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