WSJ What’s News
What’s News in Markets: Intel Spikes, Walmart Slides, Bumble Fumbles
Sat, 22 Feb 2025
What drove Intel shares higher? And why did Walmart shares tumble after its earnings report? Plus, how do investors see online-dating company Bumble’s turnaround efforts? Francesca Fontana discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Chapter 1: What are the biggest stock moves of the week?
Hey Listeners, it's Saturday, February 22nd. I'm Francesca Fontana for the Wall Street Journal and this is What's News in Markets. Our look at the biggest stock moves of the week and the news that drove them. Let's get to it. Kicking off another four-day trading week, Tuesday started on a high note, with the S&P 500 notching its second record high close of 2025.
Chapter 2: Why are investors cautious despite record highs?
But investors are still cautious, with talk of tariffs and warm inflation. And I found this really interesting. Per the latest survey from the American Association of Individual Investors, bearishness among individual traders... The percentage who expect stock prices to fall over the next six months reached about 47% for the week ending February 12th. That's the highest since November 2023. Woof.
Chapter 3: How did Walmart's earnings affect the markets?
And I'm curious to know what you think. So please email me at francesca.fontana at wsj.com. I am really looking forward to hearing your two cents. All right, back to the week. Am Donnerstag riefen Walmarts Steuern auf den Index-Paraden, wir kommen zurück zu dem, und die Gloom lag mit Fridays Verlusten. Am Wochenende fielen die Dow und der Nasdaq alle 2,5 %, während der S&P 500 1,7 % fiel.
Chapter 4: What potential deals are impacting Intel's stock?
First, let's talk Intel. Two of its chip-making rivals are eyeing deals that would break the storied company in two. The Wall Street Journal reported last weekend that Broadcom has been looking at Intel's chip design and marketing business, while Taiwan Semiconductor Manufacturing has its eye on controlling some or all of Intel's chip plants.
Chapter 5: What challenges is Intel facing in the market?
And that's according to people familiar with the matter. Now, Broadcom and TSMC aren't working together, and the talks are preliminary and largely informal. But the end result could be a breakup of Intel. And if you're asking, how did Intel go from global leader, totally dominating the chip business for decades, to an acquisition target?
Well, its recent struggles include manufacturing setbacks, a costly turnaround strategy, and AI missteps. And you might remember that this isn't the first time Intel was sought after. Last September, the Journal reported that Qualcomm had made a takeover approach to the company.
And investors were clearly excited about the dual deal possibilities this week, because Intel shares surged 16% on Tuesday. And while the stock came back down to earth later in the week, it still notched a weekly gain of 5.3%. Now let's circle back to Walmart. Retail giant, leading American grocer, used to be big on smiley faces, remember that old logo?
Well, Walmart investors weren't smiling at the company's latest quarterly report. Deal-seeking shoppers boosted shares last year, but this year it might be a different story. Wal-Mart postete einen starken Profit und Revenue für die Weihnachtszeit, aber es gab weniger als erwartetes Wachstum für die kommende Jahrhunderte.
Dies schlug die Investoren ab und hatte Ripple-Effekte auf dem Markt am Montag, weil es einige Glauben auf die Stärke des US-Konsumenten gab. Wal-Mart-Ausgaben fielen am Montag um 6,5 Prozent und verringerten am Freitag weiter, endet mit einem wöchentlichen Verlust von 8,9 Prozent. Let's talk about love. You know, Valentine's Day is over, it's done.
And so maybe it's fitting that one of the biggest losers of the week was dating app company Bumble. Now Bumble's been trying to turn itself around, but late Tuesday the company forecast lower than expected earnings in the first quarter, disappointing investors. And it's not the only online dating stock that hasn't been so lucky in love lately.
Earlier this month, Rival Match, which owns Tinder, Hinge and Okie Cupid, replaced its top executive, posted a drop in fourth quarter earnings and forecast sales below expectations. Now Bumble said it's got a plan to attract more users and improve its monetization strategy and it's going to wind down two of its dating apps.
Fruits, with a Z, you know how cool stuff gets spelled, and official, which is spelled normally. But that did little to stop the freefall, as Bumble shares lost a whopping 30% Wednesday, and on the week lost 38%. And now you know what's news in markets this week. You can read about more stocks that moved on the week's news in The Score, my column in the Wall Street Journal's Exchange section.
Today's show was produced by Pierre Bien-Aimé, with supervising producer Talia Arbel. I'm Francesca Fontana. Have a great weekend and don't forget to email me whether you're feeling bullish or bearish about the stock market. I'll see you next Saturday.
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