WEBVTT - Intel Rises, Moderna Surges, Monday.com Soars After Raising Full Year Forecast

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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 3>Let's take a look some of the stocks on the

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<v Speaker 3>move today. We can do that with Bloomberg's emilin Gerfao, Emily,

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<v Speaker 3>what are you looking at all?

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<v Speaker 2>Right?

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<v Speaker 1>So I'm taking a look at shares of Intel right now,

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<v Speaker 1>tiker I INTC. It's up about two point seven percent,

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<v Speaker 1>open a little bit higher, but this is, of course

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<v Speaker 1>following a surge on Friday of Intel and a number

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<v Speaker 1>of other semiconductor stocks really just here, boosted by continued

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<v Speaker 1>investor enthusiasm over that build out of AI infrastructure. I

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<v Speaker 1>signaled out Intel because it's up two hundred and forty

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<v Speaker 1>four percent year to date. I recommend looking at a

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<v Speaker 1>chart of this stock. It's like a straight vertical lineup

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<v Speaker 1>for this year. And of course it hadn't always been

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<v Speaker 1>a smooth ride for Intel, Paul, I know you've covered

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<v Speaker 1>this company for quite some time. But a turnaround here,

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<v Speaker 1>at least in the near term, and we did see

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<v Speaker 1>Bank of America just this morning raising their price target

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<v Speaker 1>on the stock to ninety six dollars a share from

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<v Speaker 1>fifty six, but they maintain their underperform rating and the

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<v Speaker 1>chairs are actually trading much higher than that right now.

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<v Speaker 1>And of course it's not just Intel. The Philadelphia Semiconductor

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<v Speaker 1>Index is soaring as well and now at a new

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<v Speaker 1>record high, up about sixty eight percent since it's low

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<v Speaker 1>on March thirtieth. What's your next stock? Yeah, that's right,

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<v Speaker 1>an Intel at A at an intra day record today,

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<v Speaker 1>many records, Yes, a lot of records. Okay, my next

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<v Speaker 1>stock is Moderna. Take your mRNA up about five percent

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<v Speaker 1>right now. Rallied twelve percent on Friday. The company said

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<v Speaker 1>last week it's researching vaccines to protect against Hanta viruses.

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<v Speaker 1>The latest on the hantavirus they coming from Bloomberg News

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<v Speaker 1>reporting US citizens who were aboard the cruise ship that

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<v Speaker 1>was hit by the outbreak have arrived in Nebraska for assessment.

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<v Speaker 1>This is similar to what we saw during the coronavirus pandemic,

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<v Speaker 1>that the biotech shares would rally like every time we

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<v Speaker 1>got an update.

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<v Speaker 3>I didn't even knowing a coronavirus. I didn't even know

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<v Speaker 3>we had this place in Nebraska, which is literally in

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<v Speaker 3>the middle of the country's landlocked, right, yes, and so

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<v Speaker 3>it's part of the University of Nebraska and they specialize

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<v Speaker 3>in these infectious diseases. But I just saw the news

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<v Speaker 3>footage of that and it was pretty cool. There's people serious.

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<v Speaker 3>I got the hasmat so it's like nth degree.

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<v Speaker 1>Does this make you rethink your plans for going on

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<v Speaker 1>a cruise later on?

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<v Speaker 3>It does, but I'm plowing ahead. Okay, raw cruise?

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<v Speaker 1>What could go wrong?

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<v Speaker 2>Famous sorts, famous last words?

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<v Speaker 3>Exactly? What is Monday dot Com? Okay?

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<v Speaker 1>So I didn't just pick Monday dot Com as my

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<v Speaker 1>final stock mover because it's Monday. It's Monday. It I

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<v Speaker 1>think it's a very emblematic of one of the big

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<v Speaker 1>trades this year, which is of course selling software companies

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<v Speaker 1>because investors are nervous that there's going to be basically

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<v Speaker 1>these companies are going to be obsolete because they're going

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<v Speaker 1>to be replaced by artificial intelligence. Monday dot Com has

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<v Speaker 1>been hit by that trade. It's down forty six percent

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<v Speaker 1>year to date, but they had earnings this morning and

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<v Speaker 1>it's I guess a bright spot. The stock is up

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<v Speaker 1>about ten percent right now. It was up as much

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<v Speaker 1>as twenty two percent biggest intro day jump since February

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<v Speaker 1>twenty twenty five. The company raised their full year forecast

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<v Speaker 1>for both revenue and adjusted operating profits. And again, this

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<v Speaker 1>is a like hr software, but if you go to

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<v Speaker 1>Google Monday dot com the website, it's Monday dot com

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<v Speaker 1>the AI work platform. So I'm not sure if they

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<v Speaker 1>always called themselves an AI work platform, but it is

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<v Speaker 1>interesting to see how these software companies are pivoting to

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<v Speaker 1>using AI and their branding. Now they are you know,

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<v Speaker 1>to not you know, be disrupted by it, but integrate

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<v Speaker 1>it into their cant join them exactly.

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<v Speaker 2>Scarlet the Stockmovers 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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