WEBVTT - Intel Shares Soar; JetBlue Rises; Allbirds Pivots to AI

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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>All right, let's bring you in Alexis Christoph Ris for our

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<v Speaker 1>market movers this morning. Alexis, what are you looking at?

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<v Speaker 3>I'm looking at Intel because it's sort of quietly having

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<v Speaker 3>a pretty incredible day. So shares are now at their

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<v Speaker 3>highest level since the year two thousand and it looks

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<v Speaker 3>like Wall Street is pretty optimistic about Intel's turnaround plans.

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<v Speaker 3>You know, that chip maker is sort of in the

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<v Speaker 3>midst of this multi year effort to restore its leadership,

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<v Speaker 3>you know, after years of seating market shared arrivals. So

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<v Speaker 3>analysts expect Intel's rally to continue. They say the potential

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<v Speaker 3>for new big name customers to be announced is looking

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<v Speaker 3>pretty good here in the next few weeks and months,

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<v Speaker 3>and some predict that the stock could trend toward one

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<v Speaker 3>hundred dollars over time. We've got Intel up today trading

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<v Speaker 3>at around sixty nine dollars a share, so it is

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<v Speaker 3>definitely one of our top movers today.

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<v Speaker 4>And folks that were back in the nineties, Intel in

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<v Speaker 4>the nineties.

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<v Speaker 3>Oh yes, the Nvidia was.

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<v Speaker 4>The netflishill of the nineties, just best performing stock in

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<v Speaker 4>the nineties, and it's taken thirty years, for twenty thirty

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<v Speaker 4>years to kind of regain.

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<v Speaker 1>Somebody nineties or back, Paul, So this is in tune

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<v Speaker 1>with that.

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<v Speaker 4>And my boy Frank Giarry's the chairman of the board

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<v Speaker 4>there and he's doing an awesome job. So that's good

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<v Speaker 4>for them. What else you got for us?

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<v Speaker 3>Got jet Blue? So we should just say that the

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<v Speaker 3>airlines in general are having a really good day, and

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<v Speaker 3>that's because we're seeing oil pulled back really dramatically, because

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<v Speaker 3>this of course goes into the making of jet fuel,

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<v Speaker 3>which is a carrier, is one of the carriers largest costs.

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<v Speaker 3>So having said that, jet Blue is also rallying because

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<v Speaker 3>it got a nice upgrade today from Seaport Research to

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<v Speaker 3>buy from Neutral, and jet Blue is seen as a

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<v Speaker 3>beneficiary of the problems Spirit Airlines is having, because Spirit

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<v Speaker 3>is now saying that it might have to shut down

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<v Speaker 3>US operations within days if jet fuel prices don't come down,

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<v Speaker 3>which it'll be interesting to see if they change that

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<v Speaker 3>now that we're seeing oil slide the way it is

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<v Speaker 3>today and whether or not that last.

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<v Speaker 1>Yeah, oil is still pretty elevated compared to where it

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<v Speaker 1>was before this whole war began, and spirit areviation has

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<v Speaker 1>been you know, this is the second bankruptcy.

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<v Speaker 2>It's in a lot.

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<v Speaker 3>First one, I think was during COVID, so you're right.

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<v Speaker 3>But and also Jet Blue good news for folks in Boston.

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<v Speaker 3>They just expanded service. Now they're going to do direct

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<v Speaker 3>flights from Boston to Barcelona during the summer, during the

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<v Speaker 3>seasonal time, the summer season, and I love this. They

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<v Speaker 3>say the summer seasonal time ends October twenty fifth, really,

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<v Speaker 3>so yeah, the season's pretty long. So yeah, Jet Blue

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<v Speaker 3>is having a good day today. And then my last

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<v Speaker 3>one I got for you guys today is All Birds.

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<v Speaker 3>This is the shoemaker former shoemaker at this point. And

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<v Speaker 3>I remember a Scarlett you actually came into the studio

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<v Speaker 3>before the show that day and said, did you guys

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<v Speaker 3>hear about the shoe company that became an artificial intelligence company?

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<v Speaker 3>Went okay, So all Bird shares they have had such

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<v Speaker 3>a swing this week, so they rose like sevenfold on

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<v Speaker 3>Wednesday when they announced they weren't going to be a

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<v Speaker 3>shoe company anymore and they were going to stop making

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<v Speaker 3>those wool sneakers and start doing AI in a big way.

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<v Speaker 3>And then the market had a night to sleep on

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<v Speaker 3>it and the stock fell thirty five percent yesterday. But

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<v Speaker 3>we've got shares of Bird let me see, I think

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<v Speaker 3>they're off their their best levels of the day right now.

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<v Speaker 3>I'm just taking a look at what they're doing. Yeah,

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<v Speaker 3>they're up about twelve percent right now.

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<v Speaker 1>Still do a digit gain. But yeah, it's nothing compared

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<v Speaker 1>to the five hundred and eighty two percent surge that

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<v Speaker 1>we saw earlier this week when it pivoted.

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<v Speaker 3>I mean, it's sort of like a mean stock now right.

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<v Speaker 3>I think Bird Birth is the is the ticker symbol

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<v Speaker 3>there By the way.

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<v Speaker 2>The stock movers report from Bloomberg Radio. Check back with

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