1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,119 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:17,160 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:17,800 --> 00:00:19,720 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,760 --> 00:00:23,360 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel with the 6 00:00:23,400 --> 00:00:27,800 Speaker 3: earnings focus. Valerie moving from big banks to big snacks. 7 00:00:28,120 --> 00:00:31,800 Speaker 3: You got results from PepsiCo this morning. Good morning, Good morning, Nathan. 8 00:00:31,840 --> 00:00:34,320 Speaker 1: Yes say we're strong results as well. Are seeing PepsiCo 9 00:00:34,440 --> 00:00:38,080 Speaker 1: rise just under two percent so far in this morning's 10 00:00:38,120 --> 00:00:40,599 Speaker 1: pre market trade. This is all in the back of 11 00:00:40,720 --> 00:00:45,200 Speaker 1: strength and its international businesses. It did report some strong 12 00:00:45,280 --> 00:00:48,960 Speaker 1: sales growth figures. That's despite sales of snacks and beverages 13 00:00:49,040 --> 00:00:51,519 Speaker 1: falling in North America, they did see a pickup in 14 00:00:51,560 --> 00:00:55,240 Speaker 1: sales when it came to international markets, including Latin America 15 00:00:55,280 --> 00:00:58,720 Speaker 1: and Asia. Now, the owner of Gatorade, Lipton and Quaker 16 00:00:58,800 --> 00:01:02,680 Speaker 1: brands is also working to overcome the broader trend toward healthier, 17 00:01:02,960 --> 00:01:07,160 Speaker 1: less produst foods as well as lower cost private label options. 18 00:01:07,160 --> 00:01:09,640 Speaker 1: So it seems like that focus on offering a variety 19 00:01:09,680 --> 00:01:13,399 Speaker 1: of price points to entice penny pinching shoppers is paying 20 00:01:13,440 --> 00:01:15,319 Speaker 1: off for PepsiCo up one point nine percent. 21 00:01:15,600 --> 00:01:18,760 Speaker 3: Okay, so it's not just PepsiCo. We also heard this 22 00:01:18,840 --> 00:01:22,960 Speaker 3: morning from GE Aerospace formerly known as just GE. 23 00:01:23,200 --> 00:01:26,800 Speaker 1: Yeah, the aircraft engine manufacturer getting a lift so far 24 00:01:26,840 --> 00:01:29,960 Speaker 1: this morning, up one percent. They increase their full year 25 00:01:29,959 --> 00:01:34,840 Speaker 1: adjusted EPs forecast on an aviation rebound. They benefited from 26 00:01:34,840 --> 00:01:37,800 Speaker 1: a surge in orders, including a thirty percent jump in 27 00:01:37,840 --> 00:01:41,080 Speaker 1: revenue for its commercial business last quarter on the back 28 00:01:41,120 --> 00:01:44,399 Speaker 1: of its largest ever wide body deal to sell more 29 00:01:44,400 --> 00:01:47,800 Speaker 1: than four hundred engines to Qatar Airways. So GE Airspace 30 00:01:48,240 --> 00:01:50,840 Speaker 1: up one point four percent now in pre market trade. 31 00:01:50,920 --> 00:01:55,440 Speaker 3: And we also got results from TSMC as well. 32 00:01:55,560 --> 00:01:59,320 Speaker 1: Yeah, this is the world's largest chip maker based in Taiwan, 33 00:01:59,560 --> 00:02:02,520 Speaker 1: saying the AI spending momentum is holding up or seeing 34 00:02:02,560 --> 00:02:06,280 Speaker 1: those ADRs trade nearly four percent higher in pre market. 35 00:02:06,320 --> 00:02:10,200 Speaker 1: They gave a sales projection growth of around thirty percent, 36 00:02:10,480 --> 00:02:13,080 Speaker 1: rising its revenue growth outlook on the back of better 37 00:02:13,120 --> 00:02:16,680 Speaker 1: than expected net income. Listen to this, Nathan. They've kept 38 00:02:16,720 --> 00:02:20,120 Speaker 1: up a string of beats for net income, beaten every 39 00:02:20,200 --> 00:02:24,280 Speaker 1: quarter since twenty twenty one. TSMC says it will stick 40 00:02:24,320 --> 00:02:27,000 Speaker 1: with plans to spend up to forty two billion to 41 00:02:27,160 --> 00:02:30,040 Speaker 1: upgrade and expand capacity this year. We're also seeing likes 42 00:02:30,040 --> 00:02:33,160 Speaker 1: of Navidia being lifted by this strong report, up around 43 00:02:33,160 --> 00:02:34,160 Speaker 1: seven tens of a percent. 44 00:02:34,560 --> 00:02:38,160 Speaker 3: Good morning, A good couple years to be a TSMC investor. 45 00:02:38,360 --> 00:02:41,960 Speaker 3: Less so for United Airlines after their results, Yeah, the. 46 00:02:42,120 --> 00:02:44,720 Speaker 1: Shares of United are dropping two point seven percent. It 47 00:02:44,800 --> 00:02:48,320 Speaker 1: narrowed its profit range, but it wasn't enough to impress 48 00:02:48,360 --> 00:02:50,560 Speaker 1: the market, as this new range was lower than their 49 00:02:50,560 --> 00:02:53,639 Speaker 1: original guidance to start the year. They did give some 50 00:02:53,680 --> 00:02:57,960 Speaker 1: positive macroeconomic comments coming from the CEO, Scott Kirby, saying 51 00:02:57,960 --> 00:03:00,960 Speaker 1: he's confident in a strong finish to the year given 52 00:03:01,000 --> 00:03:03,799 Speaker 1: that the world is a less certain place today than 53 00:03:03,840 --> 00:03:06,480 Speaker 1: it was during the first six months. Now, the carrier 54 00:03:06,560 --> 00:03:08,960 Speaker 1: stock has fallen about nine percent so far this year, 55 00:03:09,240 --> 00:03:12,040 Speaker 1: so just slightly outperforming the broader S and P five 56 00:03:12,120 --> 00:03:14,440 Speaker 1: hundred index, but it is giving back some of those gains, 57 00:03:14,639 --> 00:03:16,640 Speaker 1: falling two point six percent so far this morning. 58 00:03:16,840 --> 00:03:19,960 Speaker 3: Now, outside the earning story, we got that news yesterday 59 00:03:19,960 --> 00:03:22,800 Speaker 3: from President Trump that he talked to Coca Cola about 60 00:03:22,919 --> 00:03:28,040 Speaker 3: adding sugar to the US drink and that's having a 61 00:03:28,080 --> 00:03:28,480 Speaker 3: little bit of. 62 00:03:28,480 --> 00:03:30,440 Speaker 1: A ripple effect this day, a ripple effect on the 63 00:03:30,440 --> 00:03:34,960 Speaker 1: agriculture industry, that Mexican coke might just become the new norm. Nathan. 64 00:03:35,000 --> 00:03:38,720 Speaker 1: We're seeing corn syrup manufacturers on the back foot this morning. 65 00:03:39,200 --> 00:03:43,200 Speaker 1: Archer Daniels Midland, known as ADM, major corn processing plant 66 00:03:43,240 --> 00:03:46,960 Speaker 1: in Iowa, falling around six percent. Also Ingredion, who has 67 00:03:47,000 --> 00:03:50,840 Speaker 1: a large corn refinering plan in Illinois, down near seven percent. 68 00:03:50,960 --> 00:03:54,040 Speaker 1: Comes after a truth social post from the President stating 69 00:03:54,080 --> 00:03:57,160 Speaker 1: that Coca Cola has agreed to use cane sugar in 70 00:03:57,160 --> 00:04:00,760 Speaker 1: its soda products instead of high frctose horn serup. Coc 71 00:04:00,800 --> 00:04:03,760 Speaker 1: Cola did respond with a message saying stay tuned for 72 00:04:03,880 --> 00:04:06,440 Speaker 1: new products. They might be announced as soon as next week. 73 00:04:06,480 --> 00:04:07,800 Speaker 1: When they report on Tuesday. 74 00:04:08,000 --> 00:04:10,040 Speaker 3: They have the same thought I did. It's Mexican coke, 75 00:04:10,120 --> 00:04:11,760 Speaker 3: so I'm not exactly a new product. 76 00:04:12,160 --> 00:04:15,120 Speaker 1: Maybe Trump will rename it America. 77 00:04:15,640 --> 00:04:19,760 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 78 00:04:19,839 --> 00:04:22,600 Speaker 2: us throughout the day for the latest roundup of companies 79 00:04:22,640 --> 00:04:25,680 Speaker 2: making news on Wall Street and for the latest market 80 00:04:25,720 --> 00:04:30,120 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 81 00:04:30,160 --> 00:04:33,400 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 82 00:04:33,440 --> 00:04:34,919 Speaker 2: the Bloomberg Business app.