Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Mover's Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Carol Masser along with Tim Stenovik. Let's get to
Speaker 3: some stocks on the move on this Monday, and lucky
Speaker 3: for us, we were joined by Bloomberg crossuser reporter Isabelle Lee,
Speaker 3: who's starting with Beyond Meat.
Speaker 4: We're starting with Beyond Meat because the stock is down
Speaker 4: seventeen percent. So this isn't a simple stock mover because
Speaker 4: I'm going to give you a little bit of context.
Speaker 4: Four years ago, Beyond Meat raised more than a billion
Speaker 4: dollars by selling a zero coupon convertable bond DO twenty
Speaker 4: twenty seven. So big hedge funds like Wolverine, d E Shaw,
Speaker 4: Context Capital were among the buyers. But as the meat
Speaker 4: free boom cooled, so it did Beyond fortunes. So with
Speaker 4: that that's coming due to company struck a deal with bondholders.
Speaker 4: They swapped their old notes for new ones, paying seven
Speaker 4: percent interests and extra shares. Then came the memes stock mania,
Speaker 4: which brings us to today. So Beyond Stock don more
Speaker 4: than one percent in the days this had a bond
Speaker 4: holders a huge paper profit. So the new bonds, which
Speaker 4: is now do twenty thirty trades that around one hundred
Speaker 4: cents on the dollar, and one investor calls it a
Speaker 4: win win. So I just thought it was interesting because
Speaker 4: beyond the stock move story, you see like this convertible
Speaker 4: bond story, which we don't really get to hear a
Speaker 4: lot about. But yeah, the craze is still there. But
Speaker 4: the stock saw pull back today rightly, so probably if
Speaker 4: you have technical analysts, but it's down seventeen percent. Ticker
Speaker 4: is b Y n D. Before anyone gets mad at me,
Speaker 4: b Y and D.
Speaker 1: Nobody's ever again except for somebody in the control room.
Speaker 4: Yeah, somebody. We like him. We like him.
Speaker 3: That is interesting. Now, like what's going on? Yeah, fascinating Qualcom.
Speaker 4: Qualcom ticker q com. So this is good news. Shares
Speaker 4: not eleven percent. That's the biggest one day gain since April,
Speaker 4: the highest level in fifteen months. So basically, they unveiled
Speaker 4: a new line up of AI data center chips and computers,
Speaker 4: taking aims squarely at Nvidia. So the new lineup will
Speaker 4: start chipping next year. Their first customer will be a
Speaker 4: Saudi Arabian startup. So I think there's more story there,
Speaker 4: but we may not have time for now. So Qualcomm
Speaker 4: is best known for a smartphone processors, So it's betting
Speaker 4: that really power efficient designs and new memory technology can
Speaker 4: win business in AI accelerators, and that exact space is
Speaker 4: what made in Vidia basically the most valuable stock honors.
Speaker 3: I wonder if they when they make that contract, are
Speaker 3: they committed they planned to do it? Could they back out?
Speaker 1: That's a good point, Like you know, I'm just looking
Speaker 1: at the Bloomberg terminal. This was the biggest day for
Speaker 1: Qualcom going back to April ninth of twenty twenty five.
Speaker 1: That's when when it was up fifteen percent, but at
Speaker 1: one point in the day when it was surging. It
Speaker 1: was the biggest day going back to twenty nineteen.
Speaker 4: Yeah, really impressive.
Speaker 3: Uh, Curic talk about oppressive.
Speaker 4: I know, I'm so thankful you said that, because I
Speaker 4: don't know how to pronounce it. Care Everyone pronounced it differently,
Speaker 4: I guess depending on where they're from. KADP. I'm just
Speaker 4: gonna say KDP. Cur Pepper, who oh wait, what are
Speaker 4: the way we cure it? I don't don't, Carol, I'll
Speaker 4: just say coffee shares jump, you know, just ten percent.
Speaker 4: That's the biggest interday game since March twenty twenty. So
Speaker 4: it did pair back some of those games. So it's
Speaker 4: closed seven point six percent in the green. So cureg
Speaker 4: Doctor Pepper is raising seven billion dollars from private equity
Speaker 4: giants Apollo and KKR. That's to help finance it's planned
Speaker 4: eighteen billion dollar takeover of JD E. Pete, which I
Speaker 4: haven't tried, by the way, I haven't white coffee. Yeah,
Speaker 4: have you both tried?
Speaker 1: Well, you know, you go to enough airports. There's pizza
Speaker 1: all over.
Speaker 4: I just try a Bloomberg coffee.
Speaker 3: I have a little Kira cups.
Speaker 4: Oh no, I'm going to try so person.
Speaker 3: Me too now, but will yeah, okay, yeah.
Speaker 4: This isn't an ad just honest advice. So the combined
Speaker 4: company would generate around sixteen billion in animal sales and
Speaker 4: three billion in earnings. So the new funding will trim
Speaker 4: creriggs expected death looad to thirty one billion dollars down
Speaker 4: from thirty eight billion originally. And a poll and KKR
Speaker 4: will invest billion dollars sor right there is.
Speaker 3: That an XP Semiconductor reporting in the aftermarket, tickers at
Speaker 3: n XPI, and the stock is on the move.
Speaker 4: Yes, it's up four percent post market. So they're a
Speaker 4: provider of automaker chips and industrial customer chips, so they
Speaker 4: give a stronger than expected forecast, signaling that the company
Speaker 4: is recovering from this luggish demand. So two things here. Really,
Speaker 4: automakers and other customers had stockpiled chips during the pandemic,
Speaker 4: and it took way longer for that oversupply to really
Speaker 4: not be an oversupply for the glove to be gone.
Speaker 4: And companies have delayed spending amid geopolitical uncertainty. But we
Speaker 4: have the CEO now saying that the glove may finally
Speaker 4: end this year. So revenue is also higher for the
Speaker 4: fourth quarter, suggesting that you know they're weathering the rough
Speaker 4: stretch better than expected.
Speaker 1: Yeah.
Speaker 3: Interesting, what's the stock doing this year? I'm just looking
Speaker 3: up about six seven percent here, all nice, Yeah, and
Speaker 3: a lot of it. Well, it'll be maybe better tomorrow
Speaker 3: because the bump saying it could happen, It could happen.
Speaker 2: The stockmovers report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
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