WEBVTT - Beyond Meat Rises, Inutitive Surgical Jumps, Netflix Falls After Earnings

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News. The Stock Movers report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some of the stocks on

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<v Speaker 2>the move today on Paul Sweeney alongside Scarlet Foote were

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<v Speaker 2>joined by Normal Linda nor What are looking at it? Well,

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<v Speaker 2>lot's going on in the market today, so many earnings

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<v Speaker 2>to pars, but I wanted to start out for the

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<v Speaker 2>Meme stock here we're looking at beyond meat would just

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<v Speaker 2>tacker bynd. We're seeing shares jumping as much as one

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<v Speaker 2>hundred and twelve percent, and today alone this is the

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<v Speaker 2>highest intra day since August of last year. But if

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<v Speaker 2>you look over the past four trading days, we've seen

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<v Speaker 2>the stock surge more than thirteen hundred percent over the

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<v Speaker 2>past four days. Here. This all due to the fact

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<v Speaker 2>that there has been a lot of chatter online. There's

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<v Speaker 2>a Dubai based real estate developer developer that's really been

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<v Speaker 2>touting the stock, and you're seeing a lot of the

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<v Speaker 2>retail traders running rushing to the stock trying to pour

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<v Speaker 2>money into it. But of course we did see short

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<v Speaker 2>interest that was up more than six percent at the

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<v Speaker 2>end of September. So it's a bit interesting to see

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<v Speaker 2>right now whether or not this is actually people covering

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<v Speaker 2>their positions here or just a traditional rally here.

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<v Speaker 1>All right, so the meme socks making a comeback.

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<v Speaker 2>You're also looking at Intuitive Surgical, and I accidentally typed in.

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<v Speaker 1>I in to you, which is not surgical into it.

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<v Speaker 2>Well, Intuitive Surgical is ISSRG. That's a ticker there. This

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<v Speaker 2>is the medical equipment company. Also some earnings here, of course,

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<v Speaker 2>as we're kind of parsing earning season right now. The

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<v Speaker 2>company boosted its worldwide Da Vinci procedure growth forecast for

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<v Speaker 2>the full year. This essentially is a procedure that involves

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<v Speaker 2>a robotic arm here that they use during these surgeries,

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<v Speaker 2>and so they did boost the forecast for growth there

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<v Speaker 2>for the full year. And you are seeing shares on

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<v Speaker 2>a tear biggest gainer in the S and P five

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<v Speaker 2>hundred today and it's up for its best day since

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<v Speaker 2>two thousand and nine. Here's up as much as nineteen percent.

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<v Speaker 1>All right, one more, what do you got for us?

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<v Speaker 2>Netflix? Can't skip that one ticker in FLX, we're seeing

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<v Speaker 2>shares down the worst performing stock in the P five

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<v Speaker 2>hundred here town as much as ten percent in trading,

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<v Speaker 2>and this is the worst day since December twenty twenty two. This,

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<v Speaker 2>of course, after the company said that a tax dispute

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<v Speaker 2>with Brazil cut into its third quarter earnings. You're seeing

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<v Speaker 2>a lot of people really digging into the details here,

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<v Speaker 2>but that is definitely creating a drag here on the

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<v Speaker 2>stock as you're seeing Wall Street really just trying to

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<v Speaker 2>dissect what's going on here.

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<v Speaker 1>This stock Movers report from Bloomberg Radio. Check back with

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