WEBVTT - Pfizer, DuPont, and Intel Drive Higher

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

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

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<v Speaker 2>the stock market. Harnessing the power of Bloomberg data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Nathan Hager, joined by Bloomberg's Isabelle Lee, watching the

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<v Speaker 3>earnings parade this morning. We've gotten results from Pfizer ahead

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<v Speaker 3>of this morning's opening bell. What's the stock reaction?

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<v Speaker 2>Is a bell?

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<v Speaker 3>Good morning?

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<v Speaker 1>Good morning, Nathan. It's kind of muted. The stock is

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<v Speaker 1>up by just maybe let's call it two tens of

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<v Speaker 1>one percent, so it's a beat for the first quarter sales.

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<v Speaker 1>We know that demand for older blockbusters have helped offset

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<v Speaker 1>a decline in revenue, so I'm realda wondering why it's

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<v Speaker 1>not a bigger pop. But we just had this news,

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<v Speaker 1>so maybe investors are still reacting, are still waking up.

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<v Speaker 1>We're quarterly sales at fourteen and a half billion dollars.

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<v Speaker 1>This is topping Wall Street average. We know that the

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<v Speaker 1>blood thinner Elkis and cancer drug padzib drove much of

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<v Speaker 1>that demand. The company also reaffirmed their twenty twenty six

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<v Speaker 1>sales guidance which is in line with average expectations. So

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<v Speaker 1>we know that fires has been working to cut costs

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<v Speaker 1>well also building a pipeline that can really push its

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<v Speaker 1>next era of growth. But many of the company's top

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<v Speaker 1>drugs are really under pressure. It's kind of a really

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<v Speaker 1>competitive landscape out there in the medical world.

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<v Speaker 3>Well, investors sort of weighed through the results from Pizer.

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<v Speaker 3>They've had a little bit more time to digest what

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<v Speaker 3>we got from DuPont this morning. Where's that stock going?

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<v Speaker 1>DuPont stock, the ticker is dd oh. Now have to

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<v Speaker 1>pull it up, hold on, give me ten seconds. Okay, Well,

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<v Speaker 1>there it is. Yes, what do you see? I see

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<v Speaker 1>one and a half percent? Is that what you see?

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<v Speaker 1>A percent? This is a chemical conglomerate, sure, Nathan says,

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<v Speaker 1>So shares are arising. The company raised its full year guidance,

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<v Speaker 1>and the company has benefited a lot from the whole

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<v Speaker 1>price increase that's taken in the wake of the US

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<v Speaker 1>around conflict. So it's unfortunate news, but some companies did

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<v Speaker 1>benefit from that. The stock is up more than fifteen

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<v Speaker 1>percent this year. So the company forecast at twenty twenty

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<v Speaker 1>six adjusted EPs of two dollars and thirty five cents

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<v Speaker 1>to two dollars and forty cents. This is up ten

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<v Speaker 1>cents from the previous range. They also lifted their full

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<v Speaker 1>year net sales outlook, and both of the new projections

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<v Speaker 1>are above estimate. So DuPont is trying to focus on

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<v Speaker 1>businesses and industries including biopharma, medical packaging, and building technologies.

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<v Speaker 1>I feel like I always have to know more about

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<v Speaker 1>these chemical conglomers because they're really huge companies that affect

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<v Speaker 1>the market.

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<v Speaker 3>Yeah, totally. And I had to let you know that.

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<v Speaker 3>I had to scroll down on my most screen as

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<v Speaker 3>well to see that it's up one point six percent.

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<v Speaker 3>So okay, good, we learn together. Let's get into some

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<v Speaker 3>of the other stocks that have been making a lot

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<v Speaker 3>of news this morning, including Intel, because Apple's making news

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<v Speaker 3>on that.

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<v Speaker 1>Intel is hard to ignore. Exactly it's popping three point

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<v Speaker 1>eight percent. This is due to a Bloomberg exclusive, So

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<v Speaker 1>we have reporting that Apple has held exploratory discussions about

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<v Speaker 1>using Intel as well as Samsung to produce the main

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<v Speaker 1>processors for its devices in the US. That's according to

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<v Speaker 1>people familiar with the matter. So this would be a

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<v Speaker 1>move that would offer a secondary option beyond its longtime

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<v Speaker 1>partner TSMC, so Apple executives have made visits to Samsung

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<v Speaker 1>plant in Texas that will also make advanced chips. That's

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<v Speaker 1>according to the people familiar. And to be clear, neither

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<v Speaker 1>efforts has resulted in any order so far, and this

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<v Speaker 1>is very preliminary, but you can see investors reacting to this.

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<v Speaker 1>We do have this Apple is concerned about using technology

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<v Speaker 1>that's non TSMC, and they may ultimately not move forward,

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<v Speaker 1>but still investors are reacting. Shares are popping, and Intel

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<v Speaker 1>is up around one hundred and sixty percent this year

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<v Speaker 1>through Monday close, so you just really see the stock

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<v Speaker 1>ripping through the air.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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