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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data, take a look at some of the stocks on the move today. You can do that with Bloomberg's Alexandra Semenova Alexander what are you looking at?
Hey, guys? So Intel is obviously the headliner today. It is taking a nosedive and seeing it down about sixteen percent right now. This is after its CEO gave a lackluster forecast. He also warned that the chip maker was struggling with manufacturing problems. Investors really not liking that. Projections for the first quarter for revenue and earnings both fell
short of Wall Street estimates, making that even worse. During the earnings call with analysts, the CEO said that it would take time and resolve to turn around the company that sent shares down even lower. Intel's comeback bid has been marked by products production snag, which has been disappointing
for investors who are really looking for new products. The CEO said, we are on a multi year journey worth, noting too that the bar was really high for them given the stock had run up something like thirty percent leading into the results end is up about one hundred and twenty percent over the last twelve months. I'm so glad you mentioned that because I feel like that's the most important context here. Yes, absolutely, what's your next one? So I'm taking a look at some of these solar
stocks getting a nice boost things to Elon Musk. He made some comments over at Davos. He said that SpaceX within the next few years will be launching solar powered AI satellites. Among some of the gainers, I'm seeing Canadian solar that is up about eight percent right now. Array Technologies emphasize energy for solar. Those are some of the stocks that are moving on this.
Capital One Financial Corporate.
Yeah, so they have a lot of news today. They reported earnings and they also agreed to acquire Brex, which is a fintech company that focuses on corporate expense management. This is a five billion dollar deal. They're going to buy bres for roughly fifty percent cash and fifty percent stock. The deal would be actually the biggest since they acquired Discovery Discover Financial Services last year. And of course, they also reported earning's fourth quarter net income almost doubled from
a year earlier. Adjusted earnings per share did meet analysts did miss, rather analyst estimates, and then provisions for credit losses searched fifty seven percent from a year ago. Important to note here also that their CEO, Richard Fairbank, made a comment about the ten percent interest rate cap proposal. He said that less available credit could tip the economy into recession.
The Stock Mover's 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.