Closing Bell: Hilton Closes Higher, Tesla Earnings Fall Short, IBM Posts Lukewarm Growth
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar. On this episode of Stock Movers: - Hilton (HLT) closed the day up 3.42%. The company boosted the lower-end of its full-year outlook for expanding its hotel network. Hilton now expects net unit growth to range between 6.5% and 7% for the full year, up from an earlier expectation of 6% to 7%. They reported earnings of $2.11 a share and raised outlook for full-year adjusted earnings per share to $7.97 to $8.06. - Tesla (TSLA) shares slipped in extended trading, after the company posted third-quarter profit that fell short of Wall Street’s expectations. This came despite record electric-vehicle sales, a sign of the pressure automakers are facing from shifting federal policies and rising costs. - IBM (IBM) reported disappointing revenue in its closely watched Red Hat unit, sparking concerns among investors who see the software business as among the keys to the company’s growth. The shares declined about 5% in extended trading after closing at $287.51 in New York. The stock had gained 31% this year through the close.See omnystudio.com/listener for privacy information.
On this episode of Stock Movers: - Intuitive Surgical (ISRG) shares jumped after the robotic-surgery company boosted its worldwide da Vinci procedure growth forecast for the full year. The stock is the biggest gainer in the S&P 500 today. - 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 yesterday's third-quarter earnings. - Beyond Meat (BYND) shares surged up to 112% during today's session, but now sits at only 1.8% higher. 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 stores.See omnystudio.com/listener for privacy information.
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Beyond Meat Rises, Inutitive Surgical Jumps, Netflix Falls After Earnings
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.See omnystudio.com/listener for privacy information.
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Beyond Meat Surges, Tesla Drops, Texas Instruments Slides on Lackluster Forecast
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.- Tesla (TSLA) shares are down ahead of earnings. Tesla Inc. is expected to post a 25% drop in third-quarter profits from a year ago when it reports earnings on Wednesday, according to data compiled by Bloomberg.- Texas Instruments (TXN) shares slide after the company gave a lackluster forecast for the current period, adding to concerns that a semiconductor industry recovery is sputtering. The outlook suggests that customers are slowing orders as they navigate mounting trade tensions and a shaky economy.See omnystudio.com/listener for privacy information.
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AT&T Reports; Netflix and Texas Instruments Slides; Beyond Meat Soars
On this episode of Stock Movers:- AT&T (T) shares are seesawing after it reported Mobility revenue for the third quarter that missed the average analyst estimate. The company expects to maintain a consistent approach to capital returns during 2028-2029 while reducing its net debt-to-adjusted EBITDA ratio, supported by improved long-term growth in service revenue- Netflix (NFLX) shares are in decline after the streaming-video company reported third-quarter results it said were hurt by a tax dispute with Brazil. The results came in the wake of reports that Netflix and Comcast are among the companies weighing bids for parts of Warner Bros Discovery. - Texas Instruments (TXN) shares are lower on Wednesday after the chipmaker gave an outlook that is weaker than expected. The outlook indicates that some customers are slowing orders as they navigate mounting trade tensions. - Beyond Meat (BYND) is higher amid a meme stock frenzy. Shares have soared in premarket trading on Wednesday, setting the stock on track to extend its 146% rally in the previous session after announcing increased availability of its products at Walmart’s stores. The stock has rallied for three sessions, surging nearly 600% over the period amid meme-like trading activity following a dilutive debt swap.See omnystudio.com/listener for privacy information.
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