Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data's take a look at some of the stocks on the move today.
I'm Paul Sweeney alongside Scarlett Film were joined by Bloomberg's Lisa Matteo.
Again, can we get rid of you?
Sorry? You can't. Okay, So we'll start with Intel ticker i NTC. All right, it shares have been up as much as five percent of the open. They've kind of come back just a bit. The thing is they're making progress on a comeback. It was a pretty rough year for the company. There have been concerns about whether it can manufacture products that really pull in those customers. Again, the good news, while it returned to profitability, gave an
upbeat revenue forecasts. Fourth quarter sales will be roughly thirteen point three billion. It was just below Wall Street's estimates, but some analysts were still including revenue from a unit that Intel just spun off, and that was money that
wasn't part of the company's forecast. But it comes after a few things, right, you think back, Intel secure that investment from the US government and when backing from companies like Nvidia and soft Bank, and investors really loved those deals and they sent actually Intel shares up ninety percent this year.
My boy Frank Yeri's the chairman of the board there, so that stock is just ripping. Oh nice, it's had quite the turnaround.
All right.
Let's take a look at PNG, consumer goods company, like a you know, the staple, safest of the safe place.
Yes, yes, okay, so yeah, so their shares a bit up as much as two percent, so yes, better than expected. Sales, revenue, earnings per share also beat expectations. But it's beauty and grooming really came in big for the company. They have secret deodorant gilet raisers, right, so that's leading their sales growth. The interesting thing is that they raise prices in all their business division except for baby, feminine and family care, and consumers paid the higher prices for them. So that
was the news that stood out for them. And the company's been going through changes. You know, they cut about fifteen percent of their workforce over the next two year years to kind of improve efficiency. They're bringing in a new CEO, so yeah, they're going through a lot of changes, but people still paying more for some products like bounty paper, towels, tied detergent. Think about it. So that's that's terriff inflation that consumers are paying. They actually, well, the company itself
sees a lower impact from tariffs. Originally they thought it was eight hundred million. Now they've brought it back to four hundred million. So that's cringing back of it decks. Yes, okay, so no, it's the running shoes, the Hoka running shoes, boots, yes, yes, okay, they're all over our house. Okay. The company that their shares have been down as much as fourteen percent, so
it missed on its sales guidance. People spent on consumer goods like from Procter and Gamble like we were just talking about, but they held back on these things like footwear. So they went for the things that they needed, like you know, deodorant in razors, and it looks like they're holding back on like this expensive footwear. So Bloomberg Intelligence is saying their twenty twenty six forecast could be a
little bit conservative if momentum of both brands continues. They said, hokah, it actually has a little bit room to grow and for long term success. At UGG, they said that they need more product diversity. They need to come up with new products, new UG products, like they had the sneakers that I don't remember that came out and they were all popular and I had to buy those too. So it goes to show you, like a new product comes out, your kids want it, you go buy it, you spend
more money. So they're saying they need to do that a little bit more.
This 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.