Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Tom Keen with Paul Sweeni and Bloomberg's Lisa Matteo.
Speaker 3: You can't do tesla.
Speaker 4: That's later, yes, correct, that's after the close. All right,
Speaker 4: we'll go to Beyond Meat. Okay, take a bynd J
Speaker 4: Burger Sausages. You love them, Tom, Okay. So the shares
Speaker 4: doubled in pre market trading, boosting four day rally to
Speaker 4: almost thirteen hundred percent. So it has like this is
Speaker 4: MEMI a word I don't know, but I'm going with it.
Speaker 4: So following the story. So if you remember back Friday, right,
Speaker 4: it began to rally, then it picked up steam on Monday,
Speaker 4: Business Insider said there was this trader who'd been talking
Speaker 4: about the stock on social media. Then Bloomberg is saying,
Speaker 4: the momentum really picked up because you had the bearish
Speaker 4: traders covering their bets against Beyond Me. You had Round
Speaker 4: Hill Investments adding Beyond Me to its Round Hill. Memestock ETF.
Speaker 4: So you have that added to it, and then on
Speaker 4: top of that yesterday it's going to have more products
Speaker 4: than Walmart. So all of that together is it going crazy?
Speaker 1: So what I do? Because I've hadded twice and didn't
Speaker 1: like it, What I do? They're going to probably send
Speaker 1: us a case of Beyond menils.
Speaker 3: Oh yay punishment, Oh what, oh yay? Stick with the
Speaker 3: burritos and commonwealth equity seventeen percent, debt eighty three percent,
Speaker 3: return on invested capital negative twenty seven percent off the Bloomberg.
Speaker 5: I mean it used to have a pretty prominent display
Speaker 5: at supermarkets. I notice now just any little corner of
Speaker 5: a display, so not quite getting the shelf life. So
Speaker 5: we'll see, all right, it is not at its moment.
Speaker 3: I did see did you see, Lisa?
Speaker 1: You know how they have the new delicate mini tattoos.
Speaker 3: She could get a mini tattoo of.
Speaker 2: The Beyond means stop Charty exactly continue.
Speaker 4: Don't tet me, okay, I will go to AT and
Speaker 4: T ticker T. This is the smallest yes of the
Speaker 4: big three US wireless providers. IT shares are up about
Speaker 4: one percent. So the big news is that it added
Speaker 4: more mobile phone home Internet subscribers this summer than analysts thought.
Speaker 4: They would also picked up new customers for that fixed
Speaker 4: wireless internet service it has called Internet Air. So, if
Speaker 4: you want the numbers, about fours and five thousand new
Speaker 4: mobile phone customers in the third quarter. They had this
Speaker 4: heavy promo push, right, They were pushing this new customer guarantee.
Speaker 4: They promised things like a better network reliability, better customer service,
Speaker 4: the best smartphone deals. Revenue just fell short of estimates
Speaker 4: adjusted orings for share, they came in in line. But
Speaker 4: it's really those those numbers, the subscriber numbers that they
Speaker 4: were touting.
Speaker 5: It's just, I mean, the churn in the wireless business
Speaker 5: is brutal. It's so competitive here. I've never changed my
Speaker 5: wireless yeah.
Speaker 4: I have either because I feel like it's a pay
Speaker 4: in the neck, yes, exactly, a phone. Yeah, I know,
Speaker 4: you stick with what your guts.
Speaker 3: The late great.
Speaker 1: Vince Farrell and I the last time I saw him
Speaker 1: before his tragic death from cancer, we were laughing in
Speaker 1: tears over all the cell phones we were paying for children.
Speaker 1: I mean, that's what that's the way we roll now.
Speaker 5: Ye, when is the cutoff date?
Speaker 1: That's what I want.
Speaker 3: Yeah, curs I don't know.
Speaker 1: Okay, next you get one more slippity Netflix, Netflix NFLX.
Speaker 4: Okay. So they had strong programming. I mean K pop
Speaker 4: demon hunters can't get wrong, right. They had the Wednesday
Speaker 4: show Happy Gilmore, the sequel to that. It was pretty bad,
Speaker 4: but it worked for them, right, record subscriber engagement beat
Speaker 4: in free cash flow. But the shares are down about
Speaker 4: seven percent because it's it's multi year taxes few with
Speaker 4: Brazil going back to twenty twenty two. It cut into
Speaker 4: its third quarter earnings. They had to pay about six
Speaker 4: hundred and nineteen million dollars to settle it. So that's
Speaker 4: the bad news for them. But there's also you know,
Speaker 4: other news, possibility of mergers acquisitions because of that free
Speaker 4: cash full of money. Could say they may buy some
Speaker 4: of Warner Brothers Discovery. That's where Bloomberg is reporting, but
Speaker 4: we shall.
Speaker 2: See the stockmover's report from Bloomberg Radio. Check back with
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