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 3: Let's take a look some of the stocks on the
Speaker 3: move today. We can do that with Bloomberg's emilin Gerfao, Emily,
Speaker 3: what are you looking at all?
Speaker 2: Right?
Speaker 1: So I'm taking a look at shares of Intel right now,
Speaker 1: tiker I INTC. It's up about two point seven percent,
Speaker 1: open a little bit higher, but this is, of course
Speaker 1: following a surge on Friday of Intel and a number
Speaker 1: of other semiconductor stocks really just here, boosted by continued
Speaker 1: investor enthusiasm over that build out of AI infrastructure. I
Speaker 1: signaled out Intel because it's up two hundred and forty
Speaker 1: four percent year to date. I recommend looking at a
Speaker 1: chart of this stock. It's like a straight vertical lineup
Speaker 1: for this year. And of course it hadn't always been
Speaker 1: a smooth ride for Intel, Paul, I know you've covered
Speaker 1: this company for quite some time. But a turnaround here,
Speaker 1: at least in the near term, and we did see
Speaker 1: Bank of America just this morning raising their price target
Speaker 1: on the stock to ninety six dollars a share from
Speaker 1: fifty six, but they maintain their underperform rating and the
Speaker 1: chairs are actually trading much higher than that right now.
Speaker 1: And of course it's not just Intel. The Philadelphia Semiconductor
Speaker 1: Index is soaring as well and now at a new
Speaker 1: record high, up about sixty eight percent since it's low
Speaker 1: on March thirtieth. What's your next stock? Yeah, that's right,
Speaker 1: an Intel at A at an intra day record today,
Speaker 1: many records, Yes, a lot of records. Okay, my next
Speaker 1: stock is Moderna. Take your mRNA up about five percent
Speaker 1: right now. Rallied twelve percent on Friday. The company said
Speaker 1: last week it's researching vaccines to protect against Hanta viruses.
Speaker 1: The latest on the hantavirus they coming from Bloomberg News
Speaker 1: reporting US citizens who were aboard the cruise ship that
Speaker 1: was hit by the outbreak have arrived in Nebraska for assessment.
Speaker 1: This is similar to what we saw during the coronavirus pandemic,
Speaker 1: that the biotech shares would rally like every time we
Speaker 1: got an update.
Speaker 3: I didn't even knowing a coronavirus. I didn't even know
Speaker 3: we had this place in Nebraska, which is literally in
Speaker 3: the middle of the country's landlocked, right, yes, and so
Speaker 3: it's part of the University of Nebraska and they specialize
Speaker 3: in these infectious diseases. But I just saw the news
Speaker 3: footage of that and it was pretty cool. There's people serious.
Speaker 3: I got the hasmat so it's like nth degree.
Speaker 1: Does this make you rethink your plans for going on
Speaker 1: a cruise later on?
Speaker 3: It does, but I'm plowing ahead. Okay, raw cruise?
Speaker 1: What could go wrong?
Speaker 2: Famous sorts, famous last words?
Speaker 3: Exactly? What is Monday dot Com? Okay?
Speaker 1: So I didn't just pick Monday dot Com as my
Speaker 1: final stock mover because it's Monday. It's Monday. It I
Speaker 1: think it's a very emblematic of one of the big
Speaker 1: trades this year, which is of course selling software companies
Speaker 1: because investors are nervous that there's going to be basically
Speaker 1: these companies are going to be obsolete because they're going
Speaker 1: to be replaced by artificial intelligence. Monday dot Com has
Speaker 1: been hit by that trade. It's down forty six percent
Speaker 1: year to date, but they had earnings this morning and
Speaker 1: it's I guess a bright spot. The stock is up
Speaker 1: about ten percent right now. It was up as much
Speaker 1: as twenty two percent biggest intro day jump since February
Speaker 1: twenty twenty five. The company raised their full year forecast
Speaker 1: for both revenue and adjusted operating profits. And again, this
Speaker 1: is a like hr software, but if you go to
Speaker 1: Google Monday dot com the website, it's Monday dot com
Speaker 1: the AI work platform. So I'm not sure if they
Speaker 1: always called themselves an AI work platform, but it is
Speaker 1: interesting to see how these software companies are pivoting to
Speaker 1: using AI and their branding. Now they are you know,
Speaker 1: to not you know, be disrupted by it, but integrate
Speaker 1: it into their cant join them exactly.
Speaker 2: Scarlet the Stockmovers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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