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: I'm Carl Masser along with Tim Stanevic. Let's get to
Speaker 3: some stocks on the move. You're watching Intel the socks
Speaker 3: quite a reversal in today's session from what we've seen
Speaker 3: as of late.
Speaker 1: Yeah, that's right. She here's an Intel right now, down
Speaker 1: by about nine percent. It's not just Intel. You got
Speaker 1: Qualcom taking it hit, you got Micron down, you got
Speaker 1: AMD lower today. Semiconductor power equipment, memory chip firms, they're
Speaker 1: falling today. There's a little cooling of the AI rally
Speaker 1: that we're seeing a lot of new of these chip stocks, though,
Speaker 1: have been going to new all time highs as the
Speaker 1: sector has been boosted by continued investor enthusiasm over AI
Speaker 1: infrastructure buildouts. Intel, for its part, it's just off of
Speaker 1: all time highs up this year close to two hundred
Speaker 1: and twenty percent. There's also a great story Carol on
Speaker 1: the Bloomberg terminal today about how this rally four hundred
Speaker 1: and forty billion dollars in just six weeks. Yeah, as
Speaker 1: short seller circling right now.
Speaker 3: I be they are. The problem is if it continues
Speaker 3: to turn eye or they're going to have to cover
Speaker 3: their shorts because that can be a painful trade. But
Speaker 3: we shall see, because many would say that after the
Speaker 3: run up, you might want to see a little bit
Speaker 3: of the air come out of the marketplace. Hey, I'm
Speaker 3: going to go over onto something we don't talk a
Speaker 3: lot about, but it's the number one gainer in the
Speaker 3: S and P five hundred. We're talking about Zebra Technologies
Speaker 3: that stock up about twelve twelve and a half percent here,
Speaker 3: barcode scanners, printers, interactive kiosks. That's what this company makes.
Speaker 3: It's an consumer electronics company. It did report first quarter
Speaker 3: results that beat expectations. The company raised its full or
Speaker 3: forecast for both adjusted earnings and free cash flow. It's
Speaker 3: about eleven point eight billion dollar market cab company, like
Speaker 3: I said, not one that we talk about a lot,
Speaker 3: but nonetheless, investors are running into it in today's session.
Speaker 1: Investors running out of under Armour. Shares of under Armour
Speaker 1: taking a hit in today's trade, down seventeen point four
Speaker 1: percent right now. This after the company released guidance for
Speaker 1: this year that missed Wall Street projections. Remember there's that
Speaker 1: exiting of that partnership with NBA star Steph Curry. Financial
Speaker 1: Hit two also Carol the financial hit coming from the war. Yeah,
Speaker 1: a good check on the consumer as well. But this
Speaker 1: is a company that's in the midst of a turnaround
Speaker 1: right now, so this is also just a check of
Speaker 1: how that turnaround is going now. Right.
Speaker 3: There are some that it's macro related, there are some
Speaker 3: that it's specific to a company, and I think that's
Speaker 3: a really good point in general what we are seeing,
Speaker 3: certainly from some of the companies, and I think about
Speaker 3: the inflation data that we got out, even though our
Speaker 3: STU Paul said that, you know, not necessarily he's going
Speaker 3: to go into the camp of a hot hot print,
Speaker 3: but nonetheless, for some consumers the rise and energy prices,
Speaker 3: and energy makes its way through so many different products.
Speaker 3: I also read about the supply chain for semiconductors and yes,
Speaker 3: you know the AI grab and demand, it's other pieces
Speaker 3: that are also in demand, and that has just raised
Speaker 3: prices for all of those similar products that go into
Speaker 3: consumer electronics and different consumer products. So consumers kind of
Speaker 3: getting hit on a lot of different levels.
Speaker 1: Well, we spoked spoke to Denise Balana's yesterday over at
Speaker 1: Sally Beauty, and those shares took a hit after she
Speaker 1: reported earnings yesterday. And I think one of the challenges
Speaker 1: that she highlighted, at least for US Carol, was that
Speaker 1: they serve a lower end consumer. Those lower end consumers, yeah,
Speaker 1: are the ones who are getting hit hardest by an
Speaker 1: increase in energy costs. So you know, that share of
Speaker 1: what they spend on those things light gas is a
Speaker 1: lot higher than wealthier Americans, So they're going to have
Speaker 1: to pick and choose as a result of those higher prices.
Speaker 3: Yeah, And I think it's safe to say that some
Speaker 3: of those consumers right whether don't have much of a pad,
Speaker 3: a financial pad, so any of these increases they feel
Speaker 3: it right away. So certainly something we're keeping a won.
Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us
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