Bloomberg Audio Studios, podcasts, radio News, The Stockmovers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data. Let's take a look at some stocks on the move today. I'm Tom Keen with Paul Sweeney and Bloomberg's Alexis Christofferser's Stockmovers. It's a pod.
I am a little preoccupied because that little parade going on downtown, but I want to start with the most actively traded stock this morning, and that is Intel. It is up nearly nine percent in the pre market. It's on pace for hitting an all time high today. And here's what's behind it. President Trump said that Apple has agreed to work with Intel to design and build semiconductors right here in the US. And so this is a
big deal for Intel, landing Apple as a customer. It's a massive win for the company and could potentially attract other businesses to do the same thing it's been trying to. It's it's a key piece of the company's comeback plan. Really well, we heard from President Trump on this correct, that is correct. Be in a cell side analyst as well, But wait a minute, is he an owner of this well exactly right there, Tom Keane. The US owns ten
percent of Intel. They did that deal last year. So yeah, the stock is all.
Do our Texas go down because we made a pop on Intel?
I would think I'd like that. Stocks up year to date two hundred and thirty percent over the trail and twelve months up four hundred and sixty percent.
This is detail.
I mean, does my congestion pricing fee go away in mid toiw Manhassan because of this? I'd like that. Next. All right, let's go to Kroger's supermarket change sales YEP stock is taking a beating today, though it's down about eight percent right now and really hasn't done much of anything lately. It's down about one percent year to date.
Sales beat expectations just barely last quarter, again showing that shoppers are prioritizing groceries, buying those BA sick necessities as they continue to you know, look closely at their household budgets. So Kroger said same store sales grew one percent. That's excluding a gas fuel prices you know, or fuel sales.
That was slightly better than expected. Wall Street is also looking to gain market share here under its new CEO, Greg Foran, and he was here at Bloomberg last month, and he said that Kroger's is going to implement their largest price cut in years to be more competitive with rivals such as Walmart, Costco on Amazon. Of course, Wall Street doesn't love that idea. Got to cut the prices. So they also maintain their full year guidance, though they
said profits were squeezed by higher transportation costs. So again those fuel costs playing their price cuts. Those planned price cuts and lower egg prices actually hurt profits at Kroger's. Hey, they fancy eggs haven't come down. What are your fancy eggs?
They're hand picked, carry out, Give me one more.
We're going to do hard, turn and talk. Smith and Wesson the ticker symbol SWBI. The stock is up nearly fifteen percent and rallying nearly four percent year to date. The gun maker posting a twenty seven percent jump in revenue last quarter, new products, especially handguns, helping the company
gain market share here. Now, Smith and Wesson expects around fifteen to twenty percent revenue growth in the first quarter, mid single digit revenue growth for the full year, and new products made up almost thirty eight percent of the company's fourth quarter shipments. They also entered new categories such as hunting. I would have thought they were already in that Yeah, and sales remained strong. Inventory levels decline even as the company raised prices, so even Smith and Wesson
is raising prices. They also paid down their debt. Wall Street likes that as well. They ended the year with twenty million in debt compared with eighty million.
The Stock Movers Report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.