1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,320 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:16,480 --> 00:00:17,840 Speaker 3: Well, let's take a look at some of the stocks 5 00:00:17,880 --> 00:00:20,400 Speaker 3: on the move today. I'm Paul Swing alongside Scarlet Food 6 00:00:20,400 --> 00:00:21,960 Speaker 3: and we're joined by Christine Aquino. 7 00:00:22,040 --> 00:00:23,720 Speaker 1: Christine, what are you looking at? We got to take 8 00:00:23,720 --> 00:00:24,880 Speaker 1: a look at Beyond Me, Paul. 9 00:00:25,440 --> 00:00:28,720 Speaker 3: Tom King. We were not allowed to talk about Well, we. 10 00:00:28,680 --> 00:00:30,920 Speaker 1: Can talk about it to our heart's content over here 11 00:00:31,000 --> 00:00:35,199 Speaker 1: because that stock is roaring so beyond Me ticker b 12 00:00:35,640 --> 00:00:38,640 Speaker 1: Y and D. Earlier actually it was halted because of 13 00:00:38,640 --> 00:00:41,400 Speaker 1: the volatility, but before it was it rose as much 14 00:00:41,440 --> 00:00:44,839 Speaker 1: as seventy three percent. Now that stock is trading again 15 00:00:44,960 --> 00:00:47,920 Speaker 1: and it is currently up sixty percent. It's just been 16 00:00:48,040 --> 00:00:52,440 Speaker 1: a crazy rally, like nearly four days up nearly thirteen 17 00:00:52,560 --> 00:00:56,880 Speaker 1: hundred percent, and it started on Friday. Started on Friday 18 00:00:56,960 --> 00:01:00,200 Speaker 1: because there was a business Insider report that apparently there 19 00:01:00,240 --> 00:01:02,320 Speaker 1: is a trader who's been touting to stock on social 20 00:01:02,360 --> 00:01:05,560 Speaker 1: media and that kind of just gave rise to the 21 00:01:05,600 --> 00:01:08,080 Speaker 1: meme stock feeling of it. Also, it is the latest 22 00:01:08,160 --> 00:01:11,679 Speaker 1: darling of that movement, and the theory is that now 23 00:01:11,760 --> 00:01:14,279 Speaker 1: that rally is being used by all these traders who 24 00:01:14,319 --> 00:01:16,959 Speaker 1: previously were heavily short on the stock now trying to 25 00:01:16,959 --> 00:01:19,479 Speaker 1: cover to shorts. Because sixty four percent of the shares 26 00:01:19,520 --> 00:01:22,520 Speaker 1: available for trading had been sold short at the end 27 00:01:22,640 --> 00:01:25,560 Speaker 1: of September, that's all of shorts to cover, and that's 28 00:01:25,560 --> 00:01:27,840 Speaker 1: why we're seeing this gangbuster's rally today. A right, so 29 00:01:27,880 --> 00:01:29,679 Speaker 1: sticking it to the man. When it comes to beyond me, 30 00:01:30,280 --> 00:01:33,560 Speaker 1: Let's talk about Tesla, which will be reporting earnings later today. 31 00:01:33,640 --> 00:01:36,600 Speaker 1: Absolutely st carlate, so that's stock not moving too much today. 32 00:01:36,640 --> 00:01:40,880 Speaker 1: So ticker TSLA that's down just about zero point three percent. 33 00:01:41,240 --> 00:01:43,600 Speaker 1: It is the second day of losses, so a lot 34 00:01:43,600 --> 00:01:46,400 Speaker 1: of expectations, of course for the third quarter earnings after 35 00:01:46,480 --> 00:01:49,200 Speaker 1: to close their respectactor to actually report a solid set 36 00:01:49,240 --> 00:01:54,120 Speaker 1: of results, primarily because we did see the record deliveries 37 00:01:54,160 --> 00:01:57,200 Speaker 1: figure earlier this month. But of course that is because 38 00:01:57,280 --> 00:02:02,040 Speaker 1: of potentially customers taking advantage of this tax credit that 39 00:02:02,280 --> 00:02:06,080 Speaker 1: seventy five hundred dollars that people can use toward purchasing 40 00:02:06,080 --> 00:02:09,280 Speaker 1: an EV vehicle that is expiring or has already expired, 41 00:02:09,320 --> 00:02:11,480 Speaker 1: and so you know, there was a rush to get 42 00:02:11,480 --> 00:02:14,720 Speaker 1: those vehicles before that deadline. So question is can the 43 00:02:14,760 --> 00:02:17,080 Speaker 1: deliveries be sustained right or is it just kind of 44 00:02:17,160 --> 00:02:19,519 Speaker 1: a one off thing. You have to make the call. 45 00:02:19,680 --> 00:02:22,519 Speaker 3: It doesn't matter because Elon's going to get on the callege. 46 00:02:22,520 --> 00:02:24,440 Speaker 3: You can try to redirect you away from the fact 47 00:02:24,440 --> 00:02:28,079 Speaker 3: that he's an auto company. Every thing over here it's 48 00:02:28,080 --> 00:02:31,000 Speaker 3: a robotaxis and you know what, nobody does it better 49 00:02:31,040 --> 00:02:33,520 Speaker 3: than he does, and his investor base is happy to 50 00:02:33,560 --> 00:02:34,160 Speaker 3: make that play. 51 00:02:34,360 --> 00:02:37,320 Speaker 1: Yeah, exactly, and that's exactly what counter for Gerald Animals 52 00:02:37,320 --> 00:02:39,680 Speaker 1: are saying. Right, So the focus is actually going to 53 00:02:39,720 --> 00:02:42,760 Speaker 1: be anything new in robotaxis or is there anything new 54 00:02:43,160 --> 00:02:46,440 Speaker 1: on the lower cost model three y and also updates 55 00:02:46,480 --> 00:02:49,480 Speaker 1: on robotics or autonomy. So, like you say, Paul, there's 56 00:02:49,520 --> 00:02:52,960 Speaker 1: a lot of shiny new things that Elon can out 57 00:02:53,000 --> 00:02:56,239 Speaker 1: here that will take attention away from that deliveries figure. 58 00:02:56,400 --> 00:02:59,600 Speaker 3: Yeah, there you go. Texas Instruments, well that's a name 59 00:02:59,600 --> 00:03:00,640 Speaker 3: I haven't in a while. 60 00:03:00,880 --> 00:03:03,800 Speaker 1: Yeah, and shares are not doing well this morning. So 61 00:03:03,880 --> 00:03:07,040 Speaker 1: Texas Instruments Sticker t X and those are down just 62 00:03:07,160 --> 00:03:09,880 Speaker 1: over six percent at the moment because we did get 63 00:03:10,840 --> 00:03:14,760 Speaker 1: an outlook update from them. So they're saying that the 64 00:03:14,840 --> 00:03:19,320 Speaker 1: current period forecast is raising questions over whether this recovery 65 00:03:19,320 --> 00:03:22,640 Speaker 1: and chips is sputtering because they say that the EPs 66 00:03:22,680 --> 00:03:25,240 Speaker 1: outlook for the current period is going to be below estimate, 67 00:03:25,600 --> 00:03:30,119 Speaker 1: top end revenue outlook just slightly above the average forecast, 68 00:03:30,400 --> 00:03:35,200 Speaker 1: and their CEOJAVI alone saying that their industrial customers are 69 00:03:35,200 --> 00:03:37,840 Speaker 1: taking a quote weight and see approach when it comes 70 00:03:37,880 --> 00:03:41,280 Speaker 1: to a factory expansion plans because of the macro backdrop. 71 00:03:41,320 --> 00:03:43,840 Speaker 1: As we know, there are tariffs in play here that 72 00:03:43,880 --> 00:03:47,240 Speaker 1: could potentially be affecting those investment plans. 73 00:03:48,560 --> 00:03:52,600 Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with 74 00:03:52,680 --> 00:03:55,240 Speaker 2: us throughout the day for the latest roundup of companies 75 00:03:55,320 --> 00:03:58,400 Speaker 2: making news on Wall Street and for the latest market 76 00:03:58,440 --> 00:04:02,880 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 77 00:04:03,000 --> 00:04:06,480 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 78 00:04:06,560 --> 00:04:08,040 Speaker 2: the Bloomberg Business app.