WEBVTT - Intel Forecast; SpaceX Launch; Deckers Lower

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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 some stocks on the move today.

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's Bailey Lipshultz. Where the

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<v Speaker 1>stock in focus certainly this morning is Intel. It seems

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<v Speaker 1>like we go back and forth on the AI narrative

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<v Speaker 1>with every earnings report, and this morning, Bailey looks like

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<v Speaker 1>things are looking pretty good.

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<v Speaker 3>Good morning, Good morning. And it does seem like things

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<v Speaker 3>are looking pretty good.

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<v Speaker 4>But a few hours ago the stock with up closer

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<v Speaker 4>to ten percent.

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<v Speaker 3>Right now it's only up about three and a half percent.

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<v Speaker 4>That does come after the company posted its fastest growth

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<v Speaker 4>in fifteen years, driven by AI data centers. Intel really

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<v Speaker 4>crushing expectations. Revenue rows to sixteen point one billion dollars

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<v Speaker 4>in the month or three months ending in June. So

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<v Speaker 4>the one thing that Wall Street is really kind of

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<v Speaker 4>poking at. The company expects to raise closer to, or

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<v Speaker 4>spend closer to, twenty billion dollars this year. That's relative

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<v Speaker 4>to eighteen billion in forecast higher spending for twenty twenty seven,

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<v Speaker 4>so as much excitement as there was after the initial print,

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<v Speaker 4>we're now seeing the stock up closer to three and

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<v Speaker 4>a half percent. We've been seeing a number of these

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<v Speaker 4>companies beating expectations and trading lower, so it'll be interesting

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<v Speaker 4>to see what's baked into a stock that's up more

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<v Speaker 4>than one hundred and fifty percent year to date, but

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<v Speaker 4>also down about thirty percent from its recent highs.

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<v Speaker 1>The spending story has certainly been a big part of

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<v Speaker 1>this earning season for sure. I guess we're still waiting

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<v Speaker 1>for a launch, a test launch from SpaceX for the starship.

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<v Speaker 1>How's that stuck looking this morning, Dailey?

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<v Speaker 4>Today is supposed to be the day, Nathan, but yesterday

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<v Speaker 4>was supposed to be to the day a week ago

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<v Speaker 4>was supposed to be Today. Stocks down just less than

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<v Speaker 4>two percent, though it did rally a touch on Thursday,

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<v Speaker 4>even though most of Wall Street was down quite sharply.

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<v Speaker 4>So All Eyes and Ears will be on a targeted

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<v Speaker 4>five forty five local time launch in Texas.

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<v Speaker 3>The company did blame unfavorable weather.

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<v Speaker 4>Also had a bit of interesting news from Bloomberg that

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<v Speaker 4>the company is shifting away from letting Falcon customers their

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<v Speaker 4>current rocket, the Falcon nine, trying to push away customers

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<v Speaker 4>from using that rocket and towards this starship rocket beyond

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<v Speaker 4>twenty twenty eight, So a number of years between now

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<v Speaker 4>and then. But the big bet is that starship, the

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<v Speaker 4>launch that we've been waiting for them to see a

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<v Speaker 4>real success, the one that's we are expecting today. Need

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<v Speaker 4>to get that off the ground and have some real

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<v Speaker 4>success with Bloomberg recording that they're going to try to

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<v Speaker 4>get customers beyond twenty twenty eight on board the Starship train.

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<v Speaker 1>All right, Well, besides Intel, of course, the big focus

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<v Speaker 1>on earnings, we did hear from a couple other companies,

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<v Speaker 1>including Deckers.

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<v Speaker 3>How they do.

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<v Speaker 4>Yeah, Deckers, the owner of Uggs and Hoka, disappointing for

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<v Speaker 4>your EPs forecast short of what Wall Street was looking

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<v Speaker 4>for in the first quarter. Their first quarter, they did

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<v Speaker 4>see decent sales from slightly beating what estimates were. Hokah

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<v Speaker 4>were actually weaker than people were expecting. I don't know

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<v Speaker 4>if you're a Hocus guy, but I feel like a

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<v Speaker 4>lot of people in New York must rest guy.

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<v Speaker 3>You're a flip. I love it. What can I tell you?

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<v Speaker 3>I've got about two point thirty percent.

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<v Speaker 4>It did extend a five data client though, so not

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<v Speaker 4>a lot of optimism coming from deckers. But we're not

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<v Speaker 4>even quite into the fun part of the consumer earning season.

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

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