Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some stocks on the move today.
Speaker 2: I'm Tom Keen with Paul Sweeny and Bloomberg's Lisa Matteo.
Speaker 3: Oh, thank you very much. Okay, let's start with Delta.
Speaker 3: Take our Dal thank you. Shares have been up as
Speaker 3: much as now seven even eight percent, so it keeps
Speaker 3: kind of ticking higher. Better than expected earnings, right said,
Speaker 3: it's going to continue strong demand into next year. So
Speaker 3: they point out a few things, right, Leisure travelers, they're
Speaker 3: not only traveling, but they're splurging for the premium seats,
Speaker 3: the more expensive ones. And there's more corporate travelers. So
Speaker 3: at CEO said, the company is in a financially good spot.
Speaker 3: They're seeing not seeing any pullback in demand.
Speaker 2: In twenty opteen years. One of the most important interviews
Speaker 2: I've ever done is Ed Bastion and Delta, okay and
Speaker 2: the heart of COVID. And he said, we'll get on
Speaker 2: this and business travel will lead the way.
Speaker 3: See and he was right, and they all did that
Speaker 3: look at it. Look at it, and they're they're responding
Speaker 3: to it too, because they're pushing a lot of premium products,
Speaker 3: like in the cabin on the ground. They're trying to
Speaker 3: appeal to those people who spend a little bit more
Speaker 3: on luxury and separate themselves from the budget carriers. So
Speaker 3: that was a big thing for that, all right. I
Speaker 3: paid for first class the first time on my life,
Speaker 3: flew to Italy.
Speaker 1: Okay, yeah, worth it, worth it because we had a busy,
Speaker 1: busy schedule.
Speaker 3: Did not want any like totally worth it. There you go.
Speaker 3: See more people are doing it. More people are doing it.
Speaker 3: So that's the thing. American Airlines, United Airlines. Their shares
Speaker 3: also gained because of this too. Oh they all went up, Yeah,
Speaker 3: they all went up.
Speaker 2: All right.
Speaker 3: PepsiCo Okay, this is ticker pep their shares. Okay, their
Speaker 3: shares have been up more than one percent. They've come
Speaker 3: down a little bit, but now they're starting to go
Speaker 3: back up again. Stronger than expected net revenue. Right, So
Speaker 3: they own Lays, Gatorade, Quaker brand, things like that. But
Speaker 3: what was a turnaround was their North American beverage unit.
Speaker 3: So it had two percent growth, strongest growth in nearly
Speaker 3: two years. Pepsi strong in the third quarter. The reason
Speaker 3: why thanks to their zero sugar soda. That was a
Speaker 3: big draw for Pepsi, so more people starting to drink
Speaker 3: the zero sugar soda and also Poppy, which it bought
Speaker 3: earlier this year. Poppy is that prebiotic soda, the healthier version,
Speaker 3: so it has you know, the apple cider vinegar, the
Speaker 3: fruit juice, the prebiotics. So a lot of people caught
Speaker 3: onto that. So that's giving Pepsi a boost, and it's
Speaker 3: doing a few things different. It's on this healthy kick
Speaker 3: because everything is about you know, the processed foods and
Speaker 3: all that. So it's starting to change what they're offering.
Speaker 2: Doing this because she's with that.
Speaker 3: Did you know they have new versions of Doritos and
Speaker 3: Cheetos NKD so naked, so they have don't have the
Speaker 3: artificial colors, they don't have the artificial flavors. They have
Speaker 3: new high protein Doritos and they have the new meat
Speaker 3: snacks too, So they're they're they're jumping on the band.
Speaker 2: Why did we just not do a stock movers today
Speaker 2: have one stock Let's point this out. Elliot's gone after Pepsi.
Speaker 2: They got the fear of God in him right now
Speaker 2: with the wonderful people of Elliott helping out. But Paul,
Speaker 2: here's the single Lisa Matteo headline, PEPSI CEO. I think
Speaker 2: Fiber will be the.
Speaker 1: Next pro to boy.
Speaker 2: Now I'm thinking Jim Carrey in the movie about the
Speaker 2: Miami Dolphins where he goes fiber.
Speaker 3: Yeah, that was a fiber one of my favorite movies. Also,
Speaker 3: it's CFO is retiring. I wanted to put that out there.
Speaker 3: So Ferrari. Their shares actually plunged the most inter day
Speaker 3: in nine years, down as much as sixteen percent. Trading
Speaker 3: actually temporary halted due to voluntility, but still the stock
Speaker 3: now down fourteen percent, up there for the year. Expectations
Speaker 3: were high. The company just didn't.
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