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Beyond Meat Surges, Tesla Drops, Texas Instruments Slides on Lackluster Forecast
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.
- 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.
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