1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,320 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:18,120 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,160 --> 00:00:19,600 Speaker 3: the move today. We can do that with Bloomberg. 6 00:00:20,720 --> 00:00:22,400 Speaker 1: Christina, look at it. We got to take a look 7 00:00:22,400 --> 00:00:26,520 Speaker 1: at Intel paul so ticker i NTC, those shares extending 8 00:00:26,840 --> 00:00:30,600 Speaker 1: opening clients. They are now down sixteen percent on the day. 9 00:00:30,800 --> 00:00:32,479 Speaker 1: And we know, of course from their earning report that 10 00:00:32,520 --> 00:00:35,800 Speaker 1: first quarter projections for revenue and earnings well short of 11 00:00:35,840 --> 00:00:39,279 Speaker 1: Wall Street estimates. But really the headline from that analyst 12 00:00:39,320 --> 00:00:43,000 Speaker 1: call was all about their manufacturing problems, right, and you 13 00:00:43,040 --> 00:00:45,120 Speaker 1: know they the company is saying that they're not going 14 00:00:45,159 --> 00:00:48,200 Speaker 1: to have additional supply of their lucrative server computer chips 15 00:00:48,560 --> 00:00:51,000 Speaker 1: until the end of the first quarter, according to CFO 16 00:00:51,560 --> 00:00:54,760 Speaker 1: Dave Zinzner. And really the issue is that it's just 17 00:00:54,960 --> 00:00:56,520 Speaker 1: low manufacturing yields, right. 18 00:00:56,600 --> 00:00:58,840 Speaker 3: The percent of usable chips that they have coming. 19 00:00:58,680 --> 00:01:02,000 Speaker 1: Out of their factories is slow, and so that's made 20 00:01:02,040 --> 00:01:04,800 Speaker 1: it hard to fill their orders, which apparently the company 21 00:01:04,800 --> 00:01:06,560 Speaker 1: says they do have a lot, and that I think 22 00:01:06,600 --> 00:01:09,880 Speaker 1: speaks to their gain, their massive share gain over the 23 00:01:09,920 --> 00:01:12,360 Speaker 1: past years, So it really is just a timing issue here. 24 00:01:12,480 --> 00:01:15,000 Speaker 1: Bloomery Intelligent saying though that I think the focus is 25 00:01:15,000 --> 00:01:17,759 Speaker 1: now going to be on the timing of the recover 26 00:01:17,840 --> 00:01:20,280 Speaker 1: unders their growth margins into second half of the year, 27 00:01:20,600 --> 00:01:23,919 Speaker 1: and any additional proof points on external foundry traction. 28 00:01:24,080 --> 00:01:25,800 Speaker 3: So we'll see. I think this just seems to be 29 00:01:25,800 --> 00:01:28,480 Speaker 3: like a timing mismatch here. Well, and the fact that 30 00:01:28,520 --> 00:01:30,600 Speaker 3: investors got really excited very. 31 00:01:30,440 --> 00:01:32,760 Speaker 1: Early on and now we're waiting for you know, the 32 00:01:32,760 --> 00:01:34,800 Speaker 1: company to pull through to deliver, all right, P and G. 33 00:01:35,160 --> 00:01:36,720 Speaker 3: Let's take a look at P and G. Yeah, so 34 00:01:36,840 --> 00:01:37,560 Speaker 3: ticker PG. 35 00:01:37,720 --> 00:01:41,240 Speaker 1: Those are about a tens of one percent or pairing 36 00:01:41,240 --> 00:01:43,560 Speaker 1: those actually six out of one percent now, but we 37 00:01:43,600 --> 00:01:46,039 Speaker 1: did get an upgrade for a ut company from JP Morgan, 38 00:01:46,120 --> 00:01:49,840 Speaker 1: so analysts now saying that it is OVERRT from neutral previously. 39 00:01:49,960 --> 00:01:51,600 Speaker 3: They also raise their price target. 40 00:01:51,280 --> 00:01:53,880 Speaker 1: To one sixty five per share, which implies the ten 41 00:01:53,920 --> 00:01:57,760 Speaker 1: percent upside from Thursday's close. So JP Morgan's citing the 42 00:01:57,800 --> 00:02:02,360 Speaker 1: PNG call, which apparently gave the much needed hope and 43 00:02:02,560 --> 00:02:05,000 Speaker 1: much hope for reassurance that the company is on the 44 00:02:05,080 --> 00:02:07,920 Speaker 1: right track now to recap. It wasn't a particularly good 45 00:02:07,920 --> 00:02:10,880 Speaker 1: set of earnings. They did see second quarter organic revenue 46 00:02:10,880 --> 00:02:14,560 Speaker 1: missing average estimates and core EPs just in line with forecast. 47 00:02:14,560 --> 00:02:17,200 Speaker 1: But I suppose is that reassurance for the future that's 48 00:02:17,240 --> 00:02:21,400 Speaker 1: really giving JP Morgan an optimistic outlook. 49 00:02:21,080 --> 00:02:24,639 Speaker 3: Care Capital one? What's going on there Capital one. 50 00:02:24,520 --> 00:02:28,000 Speaker 1: So ticker COF Those shares are down now more than 51 00:02:28,040 --> 00:02:31,200 Speaker 1: four percent. We did get their earnings as well this morning. 52 00:02:31,240 --> 00:02:34,840 Speaker 1: Fourth quarter adjusted EPs missing the average estimate and the 53 00:02:34,880 --> 00:02:38,680 Speaker 1: firm also reporting higher than expected costs is probably related 54 00:02:38,720 --> 00:02:41,760 Speaker 1: to their acquisition of fintech company Brecks for about five 55 00:02:41,840 --> 00:02:44,680 Speaker 1: point one five billion dollars. That's the biggest deal that 56 00:02:44,720 --> 00:02:47,799 Speaker 1: they've made since they acquired Discover Financial Services last year, 57 00:02:47,800 --> 00:02:50,480 Speaker 1: which is roughly around thirty five billion dollars, and so 58 00:02:50,720 --> 00:02:54,200 Speaker 1: BLib Intelligence weighing in saying that those extra costs probably 59 00:02:54,240 --> 00:02:57,000 Speaker 1: won't affect the twenty twenty six estimates because they do 60 00:02:57,040 --> 00:03:00,960 Speaker 1: have solid revenue the most exceeded expectations and credit metrics 61 00:03:00,960 --> 00:03:02,600 Speaker 1: are also in line with tasks. 62 00:03:04,120 --> 00:03:08,360 Speaker 2: The Stockmover's report from Bloomberg Radio. 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