Natalia Kinnejevic, Bloomberg equities reporter who covers major market movers and earnings. She breaks down Intel’s steep selloff and manufacturing woes. She highlights EQT’s surge as a vast winter storm lifts gas demand. She also covers BitGo’s rocky IPO start and the crypto market’s pressure.
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insights INSIGHT
Intel's Execution Problems Hit Stock
Intel's stock plunged after a weak forecast and production bottlenecks tied to CPU supply timing.
The company also lacks an anchor customer for its advanced 14A process, highlighting execution risks.
insights INSIGHT
Cold Weather Spurs Gas Stock Rally
Energy was the week's best performing sector as colder weather raised expected natural gas demand.
EQT led gains because stronger heating demand and possible production losses primed a short-covering rally.
volunteer_activism ADVICE
Watch Weather And Shorts In Gas Trades
Watch weather-driven demand and hedge fund positioning when trading gas stocks.
Short-covering can amplify rallies if cold forecasts and production risks appear.
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On this episode of Stock Movers, we take a look at some of the week's biggest gainers and decliners: - Intel (INTC)’s stock slide is delivering a reality check to President Donald Trump’s vision for quickly reviving domestic chip manufacturing led by an American champion, four months after the US moved to acquire as much as a 10% stake in the company. Though Chief Executive Officer Lip-Bu Tan managed to win the president’s confidence and save his own reputation in Washington, turning around his company is proving more arduous. Intel’s shares plunged Friday, tumbling as much as 18%, following a lackluster forecast that highlighted the company’s struggles in lining up big customers. Intel shares fell 17% on Friday to close at $45.07, their biggest one-day decline since 2024. - EQT (EQT) led all stocks in the energy sector this week, which was the best performing sector as the US braces for a weekend of cold weather and storms. While stockpiles of the fuel were slightly above normal earlier this month, the latest weather outlook signals sustained heating demand and possible production losses that would erase that surplus. Hedge funds raised their bearish positions on gas last week, leaving the market primed for a short-covering rally. The eastern two-thirds of the US is gearing up for a major winter storm. Ice, sleet and snow will spread across an area spanning thousands of miles. While parts of the US have dealt with major winter storms in recent years, from California being pummeled by atmospheric rivers last year to Texas’ 2021 deep freeze, the country hasn’t seen any with this geographic scope. - BitGo (BTGO) shares slumped more than 14% on the crypto company’s second day of trading on Friday, falling below their IPO price. BitGo Co-Founder and Chief Executive Officer Mike Belshe told Bloomberg Television, “I don’t read anything into that short-term price, we are in this for the long term”.
Stock Movers