# Brazil-Linked Stocks Slide; Tesla Gains; FICO Drops

An episode of [Stock Movers](https://invisiblenetwork.ai/podcast/1803209456), 26 Oct 2026, 4:05.

Audio: https://podtrac.com/pts/redirect.mp3/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/deb345cd-6d73-4a24-a6e3-b2a50138dd86/9001c009-7f70-479c-9779-b4ef00b5c088/audio.mp3?utm_source=Podcast&in_playlist=a55c6f22-aa32-4a58-aebd-b2a50138e2b2

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Nu Holdings (NU) is sliding along with several other Brazil-related stocks due to the re-election of President Luiz Inácio Lula da Silva. - Tesla (TSLA) is gaining as Barclays upgrades to overweight from equal-weight, citing M&A opportunity with SpaceX. Analyst Dan Levy also notes improved trajectory in the electric-car maker’s core business and possible Robotaxi inflection - Fair Isaac (FICO) is dropping after the financial services company said it will hold its wholesale mortgage price for the FICO Score through tri-merge resellers at $10 for lenders and brokers enrolled in its Preferred Program. See omnystudio.com/listener for privacy information.

## Transcript

[0:02] Speaker 1: Bloomberg Audio Studios.
[0:04] Speaker 2: Podcasts. Radio.
[0:06] Speaker 3: News.
[0:08] Speaker 2: The Stock Movers Report. Your roundup of companies making moves
[0:12] Speaker 2: in the stock market. Harnessing the power of Bloomberg data.
[0:16] Speaker 3: Let's take a look at some stocks on the move today.
[0:18] Speaker 3: I'm Karen Moskow. We're joined now by Bloomberg's Dan Curtis. Dan,
[0:22] Speaker 3: good morning. Hey, we've been talking a lot about the
[0:24] Speaker 3: surprise election results in Brazil. Markets are reacting. What are
[0:27] Speaker 3: you seeing this morning?
[0:29] Speaker 2: Morning.
[0:30] Speaker 1: That's right. There's a lot of Brazilian linked stocks trading
[0:32] Speaker 1: in the pre-market. I'll go through a lot. There's a
[0:35] Speaker 1: lot of red on the screen there. But yeah, as
[0:37] Speaker 1: you've been talking about all morning, Lula won another term.
[0:40] Speaker 1: That's after the first round saw Bolsonaro, which I think
[0:42] Speaker 1: the politically friendly way of saying it is he's generally
[0:46] Speaker 1: considered more market friendly. So he lost despite the first
[0:50] Speaker 1: round seeing him beat out Lula. So a bit of
[0:52] Speaker 1: a surprise. Markets are quickly repricing this morning. There's a
[0:55] Speaker 1: lot of names in the red. I'll go through just
[0:57] Speaker 1: a few. So one of the most traded Brazilian names,
[1:00] Speaker 1: New Holdings, ticker NU, that's down 22% in the pre-market.
[1:06] Speaker 1: It's a digital bank and fintech company. XP Inc., ticker XP,
[1:10] Speaker 1: is down nearly 50% right now. It's down 47.4% in
[1:15] Speaker 1: the pre-market. It's an investment management company. That one really
[1:18] Speaker 1: getting hit. And also keeping my eye on MercadoLibre. That's
[1:23] Speaker 1: down 9%, not so bad. It's basically called the Amazon
[1:26] Speaker 1: of Latin America, which gives you a good sense of
[1:29] Speaker 1: what they do. So a lot of just these Brazilian-linked
[1:33] Speaker 1: stocks really tumbling in the pre-market today.
[1:36] Speaker 2: All right.
[1:36] Speaker 3: Well, outside of the Brazil election, we're looking at Tesla,
[1:40] Speaker 3: and that stock is gaining this morning.
[1:42] Speaker 1: It's up 2% after it was upgraded to overweight from
[1:45] Speaker 1: equal weight at Barclays. Analyst Dan Levy notes the potential
[1:50] Speaker 1: of a SpaceX merger. We've been hearing this talked about
[1:52] Speaker 1: a lot, and even last week, BNP Paribas upgraded, saying
[1:55] Speaker 1: that the merger potential was the sole reason they saw
[1:58] Speaker 1: it as more attractive. But that said, Barclays also noting
[2:05] Speaker 1: a few other points. They say there's an improved trajectory
[2:08] Speaker 1: in the EV market for this company and also a
[2:12] Speaker 1: possible inflection point for robo-taxis. Overall, though, the stock has
[2:16] Speaker 1: 31 buys, 24 holds, 5 sells. So we're anywhere from
[2:19] Speaker 1: consensus on the stock, but we're seeing a bit more
[2:21] Speaker 1: upside gain this morning.
[2:23] Speaker 3: All right. And there's some neocloud movement as well, right,
[2:25] Speaker 3: after we heard from Elon Musk?
[2:27] Speaker 1: That's right. So the boss of Tesla is pressuring neoclouds
[2:30] Speaker 1: this morning. So he took to X. Musk took to X.
[2:34] Speaker 1: He claimed that SpaceX had closed a $ 40 billion debt
[2:37] Speaker 1: deal to pay for chips. Sources did push back, saying
[2:40] Speaker 1: that conversations remain ongoing. A deal hasn't been priced. But
[2:43] Speaker 1: while he was talking about that, he also went on
[2:45] Speaker 1: to say the debt markets have nearly shut off all
[2:48] Speaker 1: funding for companies that don't have substantial revenues independent of
[2:52] Speaker 1: data centers. So that's really hitting the neoclouds, which are
[2:54] Speaker 1: these basically AI-focused data centers. Musk literally said, quote, that
[3:00] Speaker 1: means the 200-plus neoclouds are going to see some guppy-level
[3:03] Speaker 1: death and consolidation. So this is a lot of pressure
[3:06] Speaker 1: on the names. Stocks like CoreWeave down 4%, Nebius down 3.5%,
[3:10] Speaker 1: Applied Digital down 2.6%. And he's also saying, Musk said
[3:14] Speaker 1: he wouldn't come to the rescue. SpaceX wouldn't acquire any neoclouds,
[3:18] Speaker 1: calling it pointless.
[3:19] Speaker 2: All right.
[3:19] Speaker 3: Can you do a 20-second update on surgery partners?
[3:22] Speaker 1: Absolutely. So keeping an eye on this one, shares are
[3:25] Speaker 1: up 23%. Bon Secure's Mercy Health is in late-stage talks
[3:29] Speaker 1: to buy a majority stake in surgery partners. That's according
[3:31] Speaker 1: to the FT. And the deal, potentially $ 20 a share.
[3:34] Speaker 1: It's just over $ 19 a share in the pre-market. So
[3:38] Speaker 1: there's some deal news to keep an eye on.
[3:40] Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with
[3:44] Speaker 2: us throughout the day for the latest roundup of companies
[3:47] Speaker 2: making news on Wall Street. And for the latest market-moving headlines,
[3:51] Speaker 2: listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg.com,
[3:56] Speaker 2: and on Apple CarPlay and Android Auto with the Bloomberg
[3:59] Speaker 2: Business app.

Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them.