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: All right, let's bring you in Alexis Christoph Ris for our
Speaker 1: market movers this morning. Alexis, what are you looking at?
Speaker 3: I'm looking at Intel because it's sort of quietly having
Speaker 3: a pretty incredible day. So shares are now at their
Speaker 3: highest level since the year two thousand and it looks
Speaker 3: like Wall Street is pretty optimistic about Intel's turnaround plans.
Speaker 3: You know, that chip maker is sort of in the
Speaker 3: midst of this multi year effort to restore its leadership,
Speaker 3: you know, after years of seating market shared arrivals. So
Speaker 3: analysts expect Intel's rally to continue. They say the potential
Speaker 3: for new big name customers to be announced is looking
Speaker 3: pretty good here in the next few weeks and months,
Speaker 3: and some predict that the stock could trend toward one
Speaker 3: hundred dollars over time. We've got Intel up today trading
Speaker 3: at around sixty nine dollars a share, so it is
Speaker 3: definitely one of our top movers today.
Speaker 4: And folks that were back in the nineties, Intel in
Speaker 4: the nineties.
Speaker 3: Oh yes, the Nvidia was.
Speaker 4: The netflishill of the nineties, just best performing stock in
Speaker 4: the nineties, and it's taken thirty years, for twenty thirty
Speaker 4: years to kind of regain.
Speaker 1: Somebody nineties or back, Paul, So this is in tune
Speaker 1: with that.
Speaker 4: And my boy Frank Giarry's the chairman of the board
Speaker 4: there and he's doing an awesome job. So that's good
Speaker 4: for them. What else you got for us?
Speaker 3: Got jet Blue? So we should just say that the
Speaker 3: airlines in general are having a really good day, and
Speaker 3: that's because we're seeing oil pulled back really dramatically, because
Speaker 3: this of course goes into the making of jet fuel,
Speaker 3: which is a carrier, is one of the carriers largest costs.
Speaker 3: So having said that, jet Blue is also rallying because
Speaker 3: it got a nice upgrade today from Seaport Research to
Speaker 3: buy from Neutral, and jet Blue is seen as a
Speaker 3: beneficiary of the problems Spirit Airlines is having, because Spirit
Speaker 3: is now saying that it might have to shut down
Speaker 3: US operations within days if jet fuel prices don't come down,
Speaker 3: which it'll be interesting to see if they change that
Speaker 3: now that we're seeing oil slide the way it is
Speaker 3: today and whether or not that last.
Speaker 1: Yeah, oil is still pretty elevated compared to where it
Speaker 1: was before this whole war began, and spirit areviation has
Speaker 1: been you know, this is the second bankruptcy.
Speaker 2: It's in a lot.
Speaker 3: First one, I think was during COVID, so you're right.
Speaker 3: But and also Jet Blue good news for folks in Boston.
Speaker 3: They just expanded service. Now they're going to do direct
Speaker 3: flights from Boston to Barcelona during the summer, during the
Speaker 3: seasonal time, the summer season, and I love this. They
Speaker 3: say the summer seasonal time ends October twenty fifth, really,
Speaker 3: so yeah, the season's pretty long. So yeah, Jet Blue
Speaker 3: is having a good day today. And then my last
Speaker 3: one I got for you guys today is All Birds.
Speaker 3: This is the shoemaker former shoemaker at this point. And
Speaker 3: I remember a Scarlett you actually came into the studio
Speaker 3: before the show that day and said, did you guys
Speaker 3: hear about the shoe company that became an artificial intelligence company?
Speaker 3: Went okay, So all Bird shares they have had such
Speaker 3: a swing this week, so they rose like sevenfold on
Speaker 3: Wednesday when they announced they weren't going to be a
Speaker 3: shoe company anymore and they were going to stop making
Speaker 3: those wool sneakers and start doing AI in a big way.
Speaker 3: And then the market had a night to sleep on
Speaker 3: it and the stock fell thirty five percent yesterday. But
Speaker 3: we've got shares of Bird let me see, I think
Speaker 3: they're off their their best levels of the day right now.
Speaker 3: I'm just taking a look at what they're doing. Yeah,
Speaker 3: they're up about twelve percent right now.
Speaker 1: Still do a digit gain. But yeah, it's nothing compared
Speaker 1: to the five hundred and eighty two percent surge that
Speaker 1: we saw earlier this week when it pivoted.
Speaker 3: I mean, it's sort of like a mean stock now right.
Speaker 3: I think Bird Birth is the is the ticker symbol
Speaker 3: there By the way.
Speaker 2: The stock movers report from Bloomberg Radio. Check back with
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