Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data's take a look at
Speaker 1: some of the stocks on the move today.
Speaker 2: I'm Paul Sweeney alongside Scarlett Film were joined by Bloomberg's
Speaker 2: Lisa Matteo.
Speaker 1: Again, can we get rid of you?
Speaker 2: Sorry? You can't. Okay, So we'll start with Intel ticker
Speaker 2: i NTC. All right, it shares have been up as
Speaker 2: much as five percent of the open. They've kind of
Speaker 2: come back just a bit. The thing is they're making
Speaker 2: progress on a comeback. It was a pretty rough year
Speaker 2: for the company. There have been concerns about whether it
Speaker 2: can manufacture products that really pull in those customers. Again,
Speaker 2: the good news, while it returned to profitability, gave an
Speaker 2: upbeat revenue forecasts. Fourth quarter sales will be roughly thirteen
Speaker 2: point three billion. It was just below Wall Street's estimates,
Speaker 2: but some analysts were still including revenue from a unit
Speaker 2: that Intel just spun off, and that was money that
Speaker 2: wasn't part of the company's forecast. But it comes after
Speaker 2: a few things, right, you think back, Intel secure that
Speaker 2: investment from the US government and when backing from companies
Speaker 2: like Nvidia and soft Bank, and investors really loved those
Speaker 2: deals and they sent actually Intel shares up ninety percent
Speaker 2: this year.
Speaker 1: My boy Frank Yeri's the chairman of the board there,
Speaker 1: so that stock is just ripping. Oh nice, it's had
Speaker 1: quite the turnaround.
Speaker 2: All right.
Speaker 1: Let's take a look at PNG, consumer goods company, like
Speaker 1: a you know, the staple, safest of the safe place.
Speaker 2: Yes, yes, okay, so yeah, so their shares a bit
Speaker 2: up as much as two percent, so yes, better than expected. Sales, revenue,
Speaker 2: earnings per share also beat expectations. But it's beauty and
Speaker 2: grooming really came in big for the company. They have
Speaker 2: secret deodorant gilet raisers, right, so that's leading their sales growth.
Speaker 2: The interesting thing is that they raise prices in all
Speaker 2: their business division except for baby, feminine and family care,
Speaker 2: and consumers paid the higher prices for them. So that
Speaker 2: was the news that stood out for them. And the
Speaker 2: company's been going through changes. You know, they cut about
Speaker 2: fifteen percent of their workforce over the next two year
Speaker 2: years to kind of improve efficiency. They're bringing in a
Speaker 2: new CEO, so yeah, they're going through a lot of changes,
Speaker 2: but people still paying more for some products like bounty paper, towels,
Speaker 2: tied detergent. Think about it. So that's that's terriff inflation
Speaker 2: that consumers are paying. They actually, well, the company itself
Speaker 2: sees a lower impact from tariffs. Originally they thought it
Speaker 2: was eight hundred million. Now they've brought it back to
Speaker 2: four hundred million. So that's cringing back of it decks. Yes, okay,
Speaker 2: so no, it's the running shoes, the Hoka running shoes, boots, yes, yes, okay,
Speaker 2: they're all over our house. Okay. The company that their
Speaker 2: shares have been down as much as fourteen percent, so
Speaker 2: it missed on its sales guidance. People spent on consumer
Speaker 2: goods like from Procter and Gamble like we were just
Speaker 2: talking about, but they held back on these things like footwear.
Speaker 2: So they went for the things that they needed, like
Speaker 2: you know, deodorant in razors, and it looks like they're
Speaker 2: holding back on like this expensive footwear. So Bloomberg Intelligence
Speaker 2: is saying their twenty twenty six forecast could be a
Speaker 2: little bit conservative if momentum of both brands continues. They said, hokah,
Speaker 2: it actually has a little bit room to grow and
Speaker 2: for long term success. At UGG, they said that they
Speaker 2: need more product diversity. They need to come up with
Speaker 2: new products, new UG products, like they had the sneakers
Speaker 2: that I don't remember that came out and they were
Speaker 2: all popular and I had to buy those too. So
Speaker 2: it goes to show you, like a new product comes out,
Speaker 2: your kids want it, you go buy it, you spend
Speaker 2: more money. So they're saying they need to do that
Speaker 2: a little bit more.
Speaker 1: This stock mover's report from Bloomberg Radio. Check back with
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