Stock Movers: Intel's Cost Cuts, Deckers' Sales Surge, Centene's Losses

Intel's Turnaround Struggles

• 📉 Intel's shares are down over 8% as the CEO's turnaround plan faces investor skepticism.
• 💡 Concerns are raised that the CEO is prioritizing cost-cutting over restoring the company's technological edge.
• ⚠️ The company plans to cancel factory projects, reduce capital expenditures, and cut staff by 15%.
• 🎯 This conservative approach contrasts with other tech giants like Alphabet, which have increased capital spending.

Deckers' Sales Growth

• 🚀 Deckers shares are up over 12% in pre-market trading due to strong sales performance.
• 👟 UGG brand sales increased by approximately 19%, and Hoka running sneakers saw a roughly 20% rise.
• 📈 Management is successfully capitalizing on the popularity of Hoka sneakers and finding year-round success with UGG items like sandals and sneakers.

Centene's Financial Setback

• 📊 Centene, the largest Medicaid insurer in the US, is down around 11% after reporting a surprise quarterly loss.
• ⚠️ The loss is attributed to a miscalculation in its Affordable Care Act business, a recurring issue that caused Centene to pull guidance earlier in the year.
• 📞 The company is expected to provide updated guidance during a conference call.

Volkswagen and Tariffs

• 📈 Volkswagen shares are up 2.8% in Germany as the CEO anticipates a reduction in US tariffs.
• 🤝 The CEO expects EU and US negotiators to agree on tariffs around 15%, a significant drop from the current 27.5% for the auto industry.
• 💰 Volkswagen is also pursuing a separate offset with the Trump administration by increasing its spending in the US.
• 📉 In contrast, Pumo shares are down nearly 19% due to concerns about losing nearly half its profits to tariffs.