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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: I'm Jim Steneveek along with Emily GRIFFEO. Let's take a

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Speaker 1: look at some stocks that are on the move. We

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Speaker 1: are joined by Bloomberg News Equities reporter Nora. Melinda Nora,

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Speaker 1: what's on your radar today?

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Speaker 3: Well, we look at the market that's pointing lower, but

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Speaker 3: there are a couple names that are popping into the green.

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Speaker 3: One of those being Intel, So shares of Intel ticker

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Speaker 3: i INTC. They're charging higher earlier up as much as

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Speaker 3: twelve percent, but now pairing to about seven percent gain.

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Speaker 3: And this is after the Commerce Secretary, Howard Lutnick, said

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Speaker 3: that Trump believes that the federal government should get a

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Speaker 3: non voting stake in the company and they're actually citing

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Speaker 3: this in exchange for the money commitment that happened during

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Speaker 3: the Biden administration here. So it seems to be getting

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Speaker 3: a bit of a pop right now. We're seeing a

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Speaker 3: lyft and of course we know there's been a lot

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Speaker 3: of news has been coming in recent days, especially with

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Speaker 3: SoftBank what just yesterday making that surprise two billion dollar

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Speaker 3: bet on its Airo revival. So it seems to be

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Speaker 3: a bit of a positive day here for the company.

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Speaker 4: Yeah, Intel has really lifted. It's up itself up. I

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Speaker 4: mean it's up twenty eight percent this month, adding twenty

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Speaker 4: five billion dollars in market value twenty six percent.

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Speaker 1: You're a far cry from what we heard not last week,

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Speaker 1: but the week before when the President actually called for

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Speaker 1: the ouster of the company, CEO, League bu ten. He

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Speaker 1: did that on social media, and then the CEO went

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Speaker 1: to the White House. Then we got all this reporting

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Speaker 1: from Bloomberg about a potential US stake. So it's really

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Speaker 1: interesting stuff.

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Speaker 3: Definitely a turn in story here, it seems, at least

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Speaker 3: for the moment. I'm also looking at shares a Viking

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Speaker 3: therapeut days, so definitely a different story here. It is

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Speaker 3: deep in the red today, down as much as forty

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Speaker 3: five percent. That's its worst date since twenty six sixteen.

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Speaker 3: Not a good look right now. And of course this

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Speaker 3: is after it had this an experimental obesity pill that disappointed.

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Speaker 3: It was a mid stage study here, and twenty eight

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Speaker 3: percent of the patients that were in this study dropped

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Speaker 3: out in just the first three months here, so we

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Speaker 3: are really seeing this as one of those cases where

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Speaker 3: people are really comparing it to the likes of Novo

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Speaker 3: Nordisk and Eli Lilly, And of course we see all

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Speaker 3: these different companies really racing to get these obesity pills

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Speaker 3: out there and on the market. And it seems that

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Speaker 3: clearly this disappointed here for us to be seeing such

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Speaker 3: a deep plunge in trading today.

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Speaker 1: Viking Therapeutics ticker vk t X.

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Speaker 4: Yeah, worst stock drop in nine years.

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Speaker 2: Wow.

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Speaker 3: Yeah.

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Speaker 4: And Bloomer's Carmen Renick writes about the short sellers on

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Speaker 4: this stock at least reaping five hundred and fourteen million

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Speaker 4: dollars just right now a one day paper profit if

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Speaker 4: that actually, you know, if the if the losses hold,

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Speaker 4: which is a lot of money done forty percent near

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Speaker 4: to date, So lots of red that we're seeing on

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Speaker 4: the screen right now as it relates to this stock.

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Speaker 4: I want to end with the name in the green

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Speaker 4: looking at sharers of Home Depot that's ticker HD here,

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Speaker 4: and of course we know this to be a home

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Speaker 4: improvement retailer. But essentially what people are focusing on right

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Speaker 4: now is it's comparable sales. So it reported comparable sales

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Speaker 4: that were up one percent this past quarter. But that's

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Speaker 4: in comparison to the three point three percent decline that

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Speaker 4: we saw in comparable sales a year ago. So this

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Speaker 4: is a bit of a positive swing here for the company.

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Speaker 4: We're seeing Wall Street really celebrating this here. There's saying

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Speaker 4: the shoppers are really invested in smaller projects, apparently gardening, lighting,

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Speaker 4: and that's really been a tailwind here for the company.

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Speaker 4: Looking at shares that are about five percent higher, as

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Speaker 4: much as five percent higher and trading today now trading

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Speaker 4: about three percent.

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Speaker 1: I found the cfo's comments to Bloomberg really interesting. Richard

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Speaker 1: McPhail said, quote, our customers are telling us they're putting

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Speaker 1: projects on hold, they are not canceling them, and they're

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Speaker 1: doing smaller projects too.

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Speaker 3: Yeah, I mean, it seems like people are doing the

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Speaker 3: whole fixer upper moment. So it is a lot of

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Speaker 3: these smaller projects that we're seeing done here. People like

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Speaker 3: the gardens. Apparently it's a seasonal.

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Speaker 1: Business this season or none of that is easy in

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Speaker 1: the steent Oft com I will just say that all

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Speaker 1: due to my ineptitude when it comes to home Improvement.

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Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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Speaker 2: the Bloomberg Business app.