Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg data.
Speaker 3: Well, let's take a look at some of the stocks
Speaker 3: on the move today. I'm Paul Swing alongside Scarlet Food
Speaker 3: and we're joined by Christine Aquino.
Speaker 1: Christine, what are you looking at? We got to take
Speaker 1: a look at Beyond Me, Paul.
Speaker 3: Tom King. We were not allowed to talk about Well, we.
Speaker 1: Can talk about it to our heart's content over here
Speaker 1: because that stock is roaring so beyond Me ticker b
Speaker 1: Y and D. Earlier actually it was halted because of
Speaker 1: the volatility, but before it was it rose as much
Speaker 1: as seventy three percent. Now that stock is trading again
Speaker 1: and it is currently up sixty percent. It's just been
Speaker 1: a crazy rally, like nearly four days up nearly thirteen
Speaker 1: hundred percent, and it started on Friday. Started on Friday
Speaker 1: because there was a business Insider report that apparently there
Speaker 1: is a trader who's been touting to stock on social
Speaker 1: media and that kind of just gave rise to the
Speaker 1: meme stock feeling of it. Also, it is the latest
Speaker 1: darling of that movement, and the theory is that now
Speaker 1: that rally is being used by all these traders who
Speaker 1: previously were heavily short on the stock now trying to
Speaker 1: cover to shorts. Because sixty four percent of the shares
Speaker 1: available for trading had been sold short at the end
Speaker 1: of September, that's all of shorts to cover, and that's
Speaker 1: why we're seeing this gangbuster's rally today. A right, so
Speaker 1: sticking it to the man. When it comes to beyond me,
Speaker 1: Let's talk about Tesla, which will be reporting earnings later today.
Speaker 1: Absolutely st carlate, so that's stock not moving too much today.
Speaker 1: So ticker TSLA that's down just about zero point three percent.
Speaker 1: It is the second day of losses, so a lot
Speaker 1: of expectations, of course for the third quarter earnings after
Speaker 1: to close their respectactor to actually report a solid set
Speaker 1: of results, primarily because we did see the record deliveries
Speaker 1: figure earlier this month. But of course that is because
Speaker 1: of potentially customers taking advantage of this tax credit that
Speaker 1: seventy five hundred dollars that people can use toward purchasing
Speaker 1: an EV vehicle that is expiring or has already expired,
Speaker 1: and so you know, there was a rush to get
Speaker 1: those vehicles before that deadline. So question is can the
Speaker 1: deliveries be sustained right or is it just kind of
Speaker 1: a one off thing. You have to make the call.
Speaker 3: It doesn't matter because Elon's going to get on the callege.
Speaker 3: You can try to redirect you away from the fact
Speaker 3: that he's an auto company. Every thing over here it's
Speaker 3: a robotaxis and you know what, nobody does it better
Speaker 3: than he does, and his investor base is happy to
Speaker 3: make that play.
Speaker 1: Yeah, exactly, and that's exactly what counter for Gerald Animals
Speaker 1: are saying. Right, So the focus is actually going to
Speaker 1: be anything new in robotaxis or is there anything new
Speaker 1: on the lower cost model three y and also updates
Speaker 1: on robotics or autonomy. So, like you say, Paul, there's
Speaker 1: a lot of shiny new things that Elon can out
Speaker 1: here that will take attention away from that deliveries figure.
Speaker 3: Yeah, there you go. Texas Instruments, well that's a name
Speaker 3: I haven't in a while.
Speaker 1: Yeah, and shares are not doing well this morning. So
Speaker 1: Texas Instruments Sticker t X and those are down just
Speaker 1: over six percent at the moment because we did get
Speaker 1: an outlook update from them. So they're saying that the
Speaker 1: current period forecast is raising questions over whether this recovery
Speaker 1: and chips is sputtering because they say that the EPs
Speaker 1: outlook for the current period is going to be below estimate,
Speaker 1: top end revenue outlook just slightly above the average forecast,
Speaker 1: and their CEOJAVI alone saying that their industrial customers are
Speaker 1: taking a quote weight and see approach when it comes
Speaker 1: to a factory expansion plans because of the macro backdrop.
Speaker 1: As we know, there are tariffs in play here that
Speaker 1: could potentially be affecting those investment plans.
Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with
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