Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Mover's Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm jin Staneveek along with Carol Master. Let's take a
Speaker 3: look at some stocks on the move this week. We're
Speaker 3: joined by Bloomberg Television Markets correspondent Nora Melinda noura Is.
Speaker 3: Some big moves this week. You had a lot to
Speaker 3: choose from where did you land?
Speaker 4: Well, let's kick things off with some positive news. I'm
Speaker 4: looking at the biggest gainer in the SP five hundred
Speaker 4: this week. Come, I guess Intel, take your eye in.
Speaker 3: But I was only going to say it because I
Speaker 3: knew that that was going to be your first stock,
Speaker 3: So that would have been cheating, and I don't.
Speaker 5: Want to treat cheating. But hey, it's okay, it's okay.
Speaker 4: We could not stop talking about Intel this week, and
Speaker 4: of course we know that it's been in the news
Speaker 4: for quite a few weeks, but this week in particularly,
Speaker 4: what we were digging into is the fact that it
Speaker 4: had approached Apple about securing an investment. Particularly this should be,
Speaker 4: of course, to help bolster some of its efforts toward
Speaker 4: it being a bit you know, more competitive in this
Speaker 4: space right now, as we think about a lot of
Speaker 4: people betting on US made production. So, I mean they've
Speaker 4: wrecked up. What everything a stake from the government. It's
Speaker 4: a wild a lot going on here.
Speaker 3: You get a steak of Intel sat A stay, yeah,
Speaker 3: you just going around right, Yeah. But the point that
Speaker 3: has been made to us repeatedly by Ian King is
Speaker 3: that we you know, US taxpayers own a portion of
Speaker 3: this company. We're the third largest shareholder.
Speaker 6: Every time I do HDS security ownership on the Bloomberg terminal,
Speaker 6: it's a function and I see the US coming up.
Speaker 3: So it's wild odd, right, it's a little So does
Speaker 3: it become like a proxy for companies to invest like
Speaker 3: in Nvidia and perhaps Apple?
Speaker 1: Uh yeah, right?
Speaker 5: Does this bring more license that we start seeing it expanding?
Speaker 5: So maybe even other sex.
Speaker 3: As a way to say, hey, I'm making investments in
Speaker 3: the US, right.
Speaker 5: I mean, we'll just have to see how all this progresses.
Speaker 6: It's a different way of supporting an industry, right, state sponsor.
Speaker 6: You know, you could do it through tax you could
Speaker 6: do it through you know, we've had remember the big
Speaker 6: infrastructure spend and money that went to the semi space.
Speaker 1: Like, there's different ways to do it, but this one is,
Speaker 1: you know.
Speaker 5: Particularly ever staying game twenty percent this week.
Speaker 3: Okay, yeah, we talked to Peter Cheer about this on
Speaker 3: our program this week. I check out the podcast if
Speaker 3: you did not hear that station, and he made the point,
Speaker 3: and he made the point also on surveillance this week
Speaker 3: that this is whether or not you agree with the
Speaker 3: US government's role in taking stakes, that doesn't matter. That's
Speaker 3: not part of the conversation. He said, that's the world
Speaker 3: we live in, and that's what you need to get
Speaker 3: used to, and that's what you need to invest based
Speaker 3: on kind of.
Speaker 1: Don't fight the trade exactly, that's the trade.
Speaker 6: Hey, did you know the week before you said Intel
Speaker 6: up twenty percent for this week overall, It was up
Speaker 6: almost twenty three percent the week before.
Speaker 1: I mean, there you go on a tear. All right.
Speaker 1: Let's go to another big mover this week, CarMax.
Speaker 4: Carmacks on the downside here the worst performing SoC in
Speaker 4: the S and P five hundred this week, just about
Speaker 4: twenty three percent in this week alone. Of course, we
Speaker 4: know that this is after it reported weaker than expected
Speaker 4: results they were seeing a deepening strain in terms of
Speaker 4: the used car market. Interesting to me because I want
Speaker 4: to say, some weeks ago, Tim and I we were
Speaker 4: discussing the fact that it makes more sense, you would think,
Speaker 4: for consumers right now to go toward used cars over
Speaker 4: new ones, given rates and loans, all that good stuff.
Speaker 4: But apparently that is what is pressuring Carmacks in particular
Speaker 4: this week, as we were seeing Wall Street analysts and
Speaker 4: investors really just coming out and saying, hey, you know,
Speaker 4: this is not a good look right.
Speaker 1: Now, car to get a loan for a used car.
Speaker 3: I don't know the answer to that.
Speaker 1: Yeah, you lollorry.
Speaker 3: But what I do find really saying about the Carmack
Speaker 3: story is the company executives came out and essentially said,
Speaker 3: this is Bill Nash, Carmacks's CEO. He said, borrows with
Speaker 3: better credit scores have been sitting on the sidelines. The
Speaker 3: consumer has been distressed for a while. The company pointed
Speaker 3: a fallout from President Trump's tariffs and rising distress among consumers.
Speaker 5: Still remain the story. No matter where you look, are.
Speaker 3: We going to hear that from company starting in October
Speaker 3: when when they report earnings, Because we we've heard kind
Speaker 3: of different things. Airlines say, hey, the consumer's back.
Speaker 1: Yeah, I don't know.
Speaker 4: We'll have to see honestly, because I feel like, you know,
Speaker 4: even in the data, we're wondering, at what point will
Speaker 4: you actually see a large tariff impact? And we think
Speaker 4: about economic data, and of course, as we have an
Speaker 4: earning season ramping up, what is it next month already?
Speaker 3: Yeahah, next week, next week we're going to get Jeffries.
Speaker 3: Is that is Jeffrey's next week?
Speaker 1: Jeffreys next week? Right? Yeah, so you don't believe you Oh,
Speaker 1: Carnival next week two?
Speaker 4: Okay, so there we going in already, all right, gotta
Speaker 4: talk EA.
Speaker 5: Yes, let's finish things up with EA.
Speaker 4: This is Electronic Arts, and we did see some stuff
Speaker 4: that came through on this Friday. And essentially what we're
Speaker 4: looking at this company for is the fact that again
Speaker 4: twelve percent this week. This is after talks that it's
Speaker 4: going to be taken private by consortium. This is led
Speaker 4: by silver Lake Management as well as Saudi Arabia Is
Speaker 4: Public Investment Fund and Jerry Kushner's Affinity Partners. So I
Speaker 4: mean they say that the takeover could Electronic Arts could
Speaker 4: announce a deal as soon as next week. JP Morgan,
Speaker 4: here's the one working on a financing package for the buyers.
Speaker 4: But I mean, we do know that a lot of
Speaker 4: these gaming companies have been particularly pressured in recent months,
Speaker 4: so I mean, this is some really interesting news coming
Speaker 4: out when we think about a massive takeover like this.
Speaker 6: If it wasn't for the news late today, we would
Speaker 6: not be talking about it as one of the biggest
Speaker 6: gainers for the week.
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