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 Tim Statoveek along with Carol Massler. Let's take a
Speaker 3: look at some stocks on the move this week. We
Speaker 3: are joined by Bloomberg News Equities reporter Avalon Parnell.
Speaker 4: Yes, what do you see?
Speaker 5: Well, we have to start off with Intel. I feel
Speaker 5: like we talk about them every week. But that's take
Speaker 5: your buy in TC gaining twenty five percent this week
Speaker 5: to end its best weekly jump since two thousand and
Speaker 5: that's right. It's after the Wall Street Journal reported that
Speaker 5: the company has reached a preliminary agreement with Apple to
Speaker 5: potentially manufacture some of the chips from used in their devices.
Speaker 5: Would I be a phone, iPad, et cetera. One analyst
Speaker 5: writing that the report adds more fuel to a stock
Speaker 5: that has already been on fire this year.
Speaker 1: It's it's pretty remarkable the jump back Intel. Do you
Speaker 1: want to guess did you look at the thing.
Speaker 4: You're to date?
Speaker 1: Yeah?
Speaker 6: Do you know what it did yesterday? I know, let's
Speaker 6: say yes, no, not even close. Try to get.
Speaker 4: Doubled more than doubled, two hundred and forty percent more
Speaker 4: than doubles.
Speaker 6: Yeah, not amazing.
Speaker 4: Yeah, that's you to d Do you know it's your
Speaker 4: to date?
Speaker 6: Do you know what I mean?
Speaker 4: That's your date to date?
Speaker 6: Do you want to know what the pe is? Four
Speaker 6: hundred and ninety seven? Okay, the forward looking pe.
Speaker 1: Is one hundred and thirteen. That's the current pe. Okay, Sorry,
Speaker 1: we just ran away, but we've been. It's it's you know, listen,
Speaker 1: investment by the US, a change in its fortunes. It
Speaker 1: seems like a lot of stuff going forward. Our Ian
Speaker 1: king has a great story about kind of what Intel
Speaker 1: and the Bhutan the CEO has.
Speaker 6: To do going forward to kind of deliver on everything.
Speaker 6: So good stuff. Where shall we go next?
Speaker 5: Well, we should go to a company that didn't have
Speaker 5: as great of results. That is Sosotis Thatt's ticker ZTS
Speaker 5: saying twenty seven percent to end its worst weekly drop
Speaker 5: on record. That's after the world's largest animal health company
Speaker 5: missed first quarter sales expectations and also slashed its full
Speaker 5: year guidance. Part of that is because management is saying
Speaker 5: that Americans are spending less on pets that's really interesting
Speaker 5: since during the pandemic, we know that we were hitting
Speaker 5: record highs of how much people were spending on their pets,
Speaker 5: especially their dogs, and so management is saying that these
Speaker 5: pet owners are delaying routine visits and choosing less expensive medicines.
Speaker 3: I know what else they're delaying, what picking up after
Speaker 3: their dogs on the sidewalks.
Speaker 6: You know, don't look at me. I've got my which they.
Speaker 4: Would spend more on the bags.
Speaker 1: I agree, we have boxes and bags come in.
Speaker 6: I clean it up, sometimes three bags to do it.
Speaker 1: Yeah, And I know, don't look at me. I'm cleaning
Speaker 1: up after my dogs. But I agree with you New Yorkers.
Speaker 1: If you're not, you should be doing it because it's not.
Speaker 6: You know what's.
Speaker 1: Interesting that we talked with the head of Alenco Animal Health.
Speaker 4: They were lucky. Yeah, yesterday they were up beat.
Speaker 1: They were and they saw their stock lea in a
Speaker 1: big way with pets.
Speaker 4: But part of it also has to do with livestock.
Speaker 1: And I know, but they seem to you know, I
Speaker 1: know what that vet Bill goes.
Speaker 6: There's a lot of money.
Speaker 4: Tom Keen calls his and his pet that Bill.
Speaker 1: That Bill. Yeah, I totally relate, though I get he
Speaker 1: also calls Lady Gagat Lady Gaga, which is why we
Speaker 1: love Tom Keen.
Speaker 4: There's some other Keens sagui Fore.
Speaker 6: He's just a gem. He really is.
Speaker 1: He's the gift that keeps on giving. And we mean
Speaker 1: that if you don't listen in the morning, you should be.
Speaker 1: Let's go to your third pick.
Speaker 5: Yes, another animal related but not really data dog. That
Speaker 5: stick dog we've done jumped forty two percent to nab
Speaker 5: it's biggest weekly leap on record. That's after the software
Speaker 5: company had great results this week. First quarter exceeded expectations
Speaker 5: and it boosted as full your guidance. Barclays had a
Speaker 5: great note saying that it's a very strong signal concerned.
Speaker 5: The company tends to be very conservative for their guidance,
Speaker 5: so if this is conservative, I can only imagine what
Speaker 5: could happen next.
Speaker 1: Oh my goshing the most in six years when I
Speaker 1: guess it initially came out with it, and that one day,
Speaker 1: Oh my god.
Speaker 6: For the week overall, though.
Speaker 4: Don't forget to pick up after your data dog, what
Speaker 4: do you pick up chips?
Speaker 6: We'll silk one wafers.
Speaker 4: Friday, little zeros and.
Speaker 6: Ones like what do you pick up?
Speaker 1: He's not wrong, and especially if you have little kids,
Speaker 1: is not well little kids you will lie on the
Speaker 1: ground pick up anything like you really have to be careful.
Speaker 4: It's also also you know the whole shoes off rule
Speaker 4: in homes we talked about. We talked about that a dog.
Speaker 4: We talked about data dog taking off shoes and homes.
Speaker 6: Yeah, we do that too. Yeah, it's another reason the puppies, however,
Speaker 6: do not take out them.
Speaker 4: That's what they you know, my that would be.
Speaker 3: My in laws when they had dogs. They would they
Speaker 3: would clean off the pause after taking the dogs outside.
Speaker 3: And they live in like a place that's not you know,
Speaker 3: New York City where it's.
Speaker 4: I know, it's still there.
Speaker 6: Very actually a puppy Paul washer. It's like this tube
Speaker 6: and you put water and it's like like it's.
Speaker 4: I'm sure every time after you take the dog. How
Speaker 4: you do the dogs?
Speaker 6: I don't know. Yes, it's just I'm amazed I get
Speaker 6: them back in the house.
Speaker 4: I'm still here, I know.
Speaker 6: Avalon, thank you so much, thank you for playing the
Speaker 6: game with us.
Speaker 1: We really appreciate it. Avlon Purnuel. She of course keeping
Speaker 1: us up to date on stocks on the move. Check
Speaker 1: out our Stockmovers podcast, five minute episodes, Big Winners, Losers.
Speaker 1: Find it on Apple, Spotify, anywhere you get your podcasts.
Speaker 2: The Stockmover's Report from Bloomberg Radio. Check back with us
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