WEBVTT - Delta and Pepsi Report; Ferrari's Major Slide

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some stocks on the move today.

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<v Speaker 2>I'm Tom Keen with Paul Sweeny and Bloomberg's Lisa Matteo.

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<v Speaker 3>Oh, thank you very much. Okay, let's start with Delta.

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<v Speaker 3>Take our Dal thank you. Shares have been up as

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<v Speaker 3>much as now seven even eight percent, so it keeps

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<v Speaker 3>kind of ticking higher. Better than expected earnings, right said,

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<v Speaker 3>it's going to continue strong demand into next year. So

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<v Speaker 3>they point out a few things, right, Leisure travelers, they're

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<v Speaker 3>not only traveling, but they're splurging for the premium seats,

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<v Speaker 3>the more expensive ones. And there's more corporate travelers. So

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<v Speaker 3>at CEO said, the company is in a financially good spot.

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<v Speaker 3>They're seeing not seeing any pullback in demand.

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<v Speaker 2>In twenty opteen years. One of the most important interviews

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<v Speaker 2>I've ever done is Ed Bastion and Delta, okay and

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<v Speaker 2>the heart of COVID. And he said, we'll get on

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<v Speaker 2>this and business travel will lead the way.

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<v Speaker 3>See and he was right, and they all did that

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<v Speaker 3>look at it. Look at it, and they're they're responding

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<v Speaker 3>to it too, because they're pushing a lot of premium products,

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<v Speaker 3>like in the cabin on the ground. They're trying to

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<v Speaker 3>appeal to those people who spend a little bit more

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<v Speaker 3>on luxury and separate themselves from the budget carriers. So

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<v Speaker 3>that was a big thing for that, all right. I

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<v Speaker 3>paid for first class the first time on my life,

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<v Speaker 3>flew to Italy.

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<v Speaker 1>Okay, yeah, worth it, worth it because we had a busy,

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<v Speaker 1>busy schedule.

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<v Speaker 3>Did not want any like totally worth it. There you go.

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<v Speaker 3>See more people are doing it. More people are doing it.

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<v Speaker 3>So that's the thing. American Airlines, United Airlines. Their shares

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<v Speaker 3>also gained because of this too. Oh they all went up, Yeah,

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<v Speaker 3>they all went up.

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<v Speaker 2>All right.

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<v Speaker 3>PepsiCo Okay, this is ticker pep their shares. Okay, their

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<v Speaker 3>shares have been up more than one percent. They've come

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<v Speaker 3>down a little bit, but now they're starting to go

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<v Speaker 3>back up again. Stronger than expected net revenue. Right, So

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<v Speaker 3>they own Lays, Gatorade, Quaker brand, things like that. But

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<v Speaker 3>what was a turnaround was their North American beverage unit.

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<v Speaker 3>So it had two percent growth, strongest growth in nearly

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<v Speaker 3>two years. Pepsi strong in the third quarter. The reason

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<v Speaker 3>why thanks to their zero sugar soda. That was a

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<v Speaker 3>big draw for Pepsi, so more people starting to drink

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<v Speaker 3>the zero sugar soda and also Poppy, which it bought

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<v Speaker 3>earlier this year. Poppy is that prebiotic soda, the healthier version,

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<v Speaker 3>so it has you know, the apple cider vinegar, the

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<v Speaker 3>fruit juice, the prebiotics. So a lot of people caught

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<v Speaker 3>onto that. So that's giving Pepsi a boost, and it's

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<v Speaker 3>doing a few things different. It's on this healthy kick

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<v Speaker 3>because everything is about you know, the processed foods and

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<v Speaker 3>all that. So it's starting to change what they're offering.

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<v Speaker 2>Doing this because she's with that.

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<v Speaker 3>Did you know they have new versions of Doritos and

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<v Speaker 3>Cheetos NKD so naked, so they have don't have the

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<v Speaker 3>artificial colors, they don't have the artificial flavors. They have

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<v Speaker 3>new high protein Doritos and they have the new meat

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<v Speaker 3>snacks too, So they're they're they're jumping on the band.

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<v Speaker 2>Why did we just not do a stock movers today

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<v Speaker 2>have one stock Let's point this out. Elliot's gone after Pepsi.

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<v Speaker 2>They got the fear of God in him right now

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<v Speaker 2>with the wonderful people of Elliott helping out. But Paul,

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<v Speaker 2>here's the single Lisa Matteo headline, PEPSI CEO. I think

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<v Speaker 2>Fiber will be the.

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<v Speaker 1>Next pro to boy.

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<v Speaker 2>Now I'm thinking Jim Carrey in the movie about the

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<v Speaker 2>Miami Dolphins where he goes fiber.

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<v Speaker 3>Yeah, that was a fiber one of my favorite movies. Also,

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<v Speaker 3>it's CFO is retiring. I wanted to put that out there.

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<v Speaker 3>So Ferrari. Their shares actually plunged the most inter day

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<v Speaker 3>in nine years, down as much as sixteen percent. Trading

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<v Speaker 3>actually temporary halted due to voluntility, but still the stock

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<v Speaker 3>now down fourteen percent, up there for the year. Expectations

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<v Speaker 3>were high. The company just didn't.

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