Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Nathan Hager, joined by Bloomberg's Bailey Lipshultz. Where the
Speaker 1: stock in focus certainly this morning is Intel. It seems
Speaker 1: like we go back and forth on the AI narrative
Speaker 1: with every earnings report, and this morning, Bailey looks like
Speaker 1: things are looking pretty good.
Speaker 3: Good morning, Good morning. And it does seem like things
Speaker 3: are looking pretty good.
Speaker 4: But a few hours ago the stock with up closer
Speaker 4: to ten percent.
Speaker 3: Right now it's only up about three and a half percent.
Speaker 4: That does come after the company posted its fastest growth
Speaker 4: in fifteen years, driven by AI data centers. Intel really
Speaker 4: crushing expectations. Revenue rows to sixteen point one billion dollars
Speaker 4: in the month or three months ending in June. So
Speaker 4: the one thing that Wall Street is really kind of
Speaker 4: poking at. The company expects to raise closer to, or
Speaker 4: spend closer to, twenty billion dollars this year. That's relative
Speaker 4: to eighteen billion in forecast higher spending for twenty twenty seven,
Speaker 4: so as much excitement as there was after the initial print,
Speaker 4: we're now seeing the stock up closer to three and
Speaker 4: a half percent. We've been seeing a number of these
Speaker 4: companies beating expectations and trading lower, so it'll be interesting
Speaker 4: to see what's baked into a stock that's up more
Speaker 4: than one hundred and fifty percent year to date, but
Speaker 4: also down about thirty percent from its recent highs.
Speaker 1: The spending story has certainly been a big part of
Speaker 1: this earning season for sure. I guess we're still waiting
Speaker 1: for a launch, a test launch from SpaceX for the starship.
Speaker 1: How's that stuck looking this morning, Dailey?
Speaker 4: Today is supposed to be the day, Nathan, but yesterday
Speaker 4: was supposed to be to the day a week ago
Speaker 4: was supposed to be Today. Stocks down just less than
Speaker 4: two percent, though it did rally a touch on Thursday,
Speaker 4: even though most of Wall Street was down quite sharply.
Speaker 4: So All Eyes and Ears will be on a targeted
Speaker 4: five forty five local time launch in Texas.
Speaker 3: The company did blame unfavorable weather.
Speaker 4: Also had a bit of interesting news from Bloomberg that
Speaker 4: the company is shifting away from letting Falcon customers their
Speaker 4: current rocket, the Falcon nine, trying to push away customers
Speaker 4: from using that rocket and towards this starship rocket beyond
Speaker 4: twenty twenty eight, So a number of years between now
Speaker 4: and then. But the big bet is that starship, the
Speaker 4: launch that we've been waiting for them to see a
Speaker 4: real success, the one that's we are expecting today. Need
Speaker 4: to get that off the ground and have some real
Speaker 4: success with Bloomberg recording that they're going to try to
Speaker 4: get customers beyond twenty twenty eight on board the Starship train.
Speaker 1: All right, Well, besides Intel, of course, the big focus
Speaker 1: on earnings, we did hear from a couple other companies,
Speaker 1: including Deckers.
Speaker 3: How they do.
Speaker 4: Yeah, Deckers, the owner of Uggs and Hoka, disappointing for
Speaker 4: your EPs forecast short of what Wall Street was looking
Speaker 4: for in the first quarter. Their first quarter, they did
Speaker 4: see decent sales from slightly beating what estimates were. Hokah
Speaker 4: were actually weaker than people were expecting. I don't know
Speaker 4: if you're a Hocus guy, but I feel like a
Speaker 4: lot of people in New York must rest guy.
Speaker 3: You're a flip. I love it. What can I tell you?
Speaker 3: I've got about two point thirty percent.
Speaker 4: It did extend a five data client though, so not
Speaker 4: a lot of optimism coming from deckers. But we're not
Speaker 4: even quite into the fun part of the consumer earning season.
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