Beyond Meat Rises, Inutitive Surgical Jumps, Netflix Falls After Earnings - podcast episode cover

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

Oct 22, 20253 min
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Episode description

On this episode of Stock Movers:
- Beyond Meat (BYND) shares surged. The rally may have been powered by bearish traders covering their bets against Beyond Meat and the company's announcement of increased availability of its products at Walmart Inc.'s stores.
- Intuitive Surgical (ISRG) shares jumped after the robotic-surgery company boosted its worldwide da Vinci procedure growth forecast for the full year.
- Netflix (NFLX) shares fell the most in more than seven months after the world’s most valuable entertainment company said a tax dispute with Brazil cut into third-quarter earnings.

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Transcript

Speaker 1

Bloomberg Audio Studios, podcasts, radio News. The Stock Movers report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.

Speaker 2

Let's take a look at some of the stocks on the move today on Paul Sweeney alongside Scarlet Foote were joined by Normal Linda nor What are looking at it? Well, lot's going on in the market today, so many earnings to pars, but I wanted to start out for the Meme stock here we're looking at beyond meat would just tacker bynd. We're seeing shares jumping as much as one hundred and twelve percent, and today alone this is the

highest intra day since August of last year. But if you look over the past four trading days, we've seen the stock surge more than thirteen hundred percent over the past four days. Here. This all due to the fact that there has been a lot of chatter online. There's a Dubai based real estate developer developer that's really been touting the stock, and you're seeing a lot of the retail traders running rushing to the stock trying to pour

money into it. But of course we did see short interest that was up more than six percent at the end of September. So it's a bit interesting to see right now whether or not this is actually people covering their positions here or just a traditional rally here.

Speaker 1

All right, so the meme socks making a comeback.

Speaker 2

You're also looking at Intuitive Surgical, and I accidentally typed in.

Speaker 1

I in to you, which is not surgical into it.

Speaker 2

Well, Intuitive Surgical is ISSRG. That's a ticker there. This is the medical equipment company. Also some earnings here, of course, as we're kind of parsing earning season right now. The company boosted its worldwide Da Vinci procedure growth forecast for the full year. This essentially is a procedure that involves a robotic arm here that they use during these surgeries, and so they did boost the forecast for growth there

for the full year. And you are seeing shares on a tear biggest gainer in the S and P five hundred today and it's up for its best day since two thousand and nine. Here's up as much as nineteen percent.

Speaker 1

All right, one more, what do you got for us?

Speaker 2

Netflix? Can't skip that one ticker in FLX, we're seeing shares down the worst performing stock in the P five hundred here town as much as ten percent in trading, and this is the worst day since December twenty twenty two. This, of course, after the company said that a tax dispute

with Brazil cut into its third quarter earnings. You're seeing a lot of people really digging into the details here, but that is definitely creating a drag here on the stock as you're seeing Wall Street really just trying to dissect what's going on here.

Speaker 1

This stock Movers report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.

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