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Stock Movers podcast, 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 Nathan Hager, joined by Bloomberg's Alexis Christophers. Starting us off this morning. Alexis with the most actively traded stock in the pre market in this morning. It's not SpaceX for a change, that's morning.
That's right for a change. We have got Intel taking that top spot ticker simple INTC. It's up about nine percent, on track for an all time high if this holds at the opening bell, and you know, it's had a pretty incredible year. Nathan, the stock is up two hundred and twenty eight percent. And remember the US took a ten percent stake in Intel just last year. It's now the chip maker's biggest investor. So President Trump today saying that Apple agreed to work with Intel to design and
build chips in the US. Now, for Intel, finding external customers for chip production is really a key piece of this company's comeback plan. So it remains in the early stages of trying to line up clients for it's so called foundry business after some past false starts. So landing Apple here as a customer really represents a massive win for Intel, and analysts say it could potentially attract additional new business to the chip maker.
Well, you mentioned Apple, and that stock's been making news in more ways than one this morning because the soon to be former CEO Tim Cook has been speaking out.
Yeah, he spoke with the Wall Street Journal. This is an exclusive there, Tim Cook saying that the tech giant plans to raise prices on its products. This is to offset the surge and costs of memory and storage chips. Cook said that these price increases are unavoidable due to the huge increases in memory and storage chip costs that are being passed on to Apple, and he says it's
making this situation quote unsustainable. So the price increases are driven by the skyrocketing demand for memory and George chips from AI companies, which has pushed up their cost and led to a shortage of supply for other companies, including Apple. We don't have details on the timing or the scale of these price increases. We don't even know what products they're going to effect. But Apple's next major product launch
will likely be in September. That's when it's slated to release the iPhone eighteen lineup, including a new foldable iPhone. You know, price increases, especially for max and iPads, could come even sooner. Apple raised the starting price of the Mac Mini just last month, and that came in between launch events. But some analysts are saying in terms of how much prices might go up, they're thinking the iPhone eighteen may go up by about one hundred bucks when
it hits the market this fall. But again, no official word from Tim Cook or Apple.
Okay, so lots of reasons to keep an eye on tech stocks this morning. But you've also got another name well away from the tech space. What's behind the moven Smith and Wesson.
Yeah, so sticker symbol Their SWBI stock up nearly fifteen percent, a thirty nine percent year to date. Nathan so It said that its brand sold rose, or rather it saw quarterly earnings rise more than expected. New products, especially handguns,
helped the gun maker gain some market share here. New products actually made up almost thirty eight percent of the company's fourth quarter shipments, and the CEO said that handguns were the largest driver, but added that the company has seen momentum as it enters new categories such as hunting, and Smith said that handgun shipments into the sporting goods channel outpaced federal background check data, which the company uses
sort of as an indicator for overall firearm demand. So sales remained strong, inventory levels declined even as Smith and Wesson raised its prices. The company expects this strong demand
to continue into the current quarter and beyond. The company is expecting around fifteen to twenty percent revenue growth in the first quarter, mid single digit revenue growth for the full year, and also Wall Street was happy to hear that Smith and Wesson is also paying down its debt, so all of that contributing to an update.
For the gunmaker. The Stockmovers podcast 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.