Intel Rises, JB Hunt Falls, and Expedia Drops on Morgan Stanley Downgrade | Stock Movers
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On this episode of Stock Movers: - Intel (INTC) shares gain. Reuters reported that SK Hynix is in talks with the chipmaker about a deal that would see it manufacture memory chips in the US for the first time. - JB Hunt (JBHT) led trucking stocks lower after the company warned that higher costs for fuel and recruiting truckers will hurt its earnings. Earnings will be down 5% to 10% in the third quarter compared to the second quarter, with fuel costs at least $10 million higher. JB Hunt is seeing "incredibly strong demand" across its businesses, but is contending with high costs to contract other carriers to haul freight and recruit and train drivers. - Expedia (EXPE) shares drop. Morgan Stanley downgraded the stock to Underweight from Equal Weight. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
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