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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market. Harnessing the power of Bloomberg.

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Speaker 1: Data, Let's take a look at some stocks on the

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Speaker 1: move today. I'm Nathan Hager, joined by Bloomberg's Valerie Titel

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Speaker 1: on the unofficial kickoff of third quarter earning season. Valerie,

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Speaker 1: good morning. I guess we can say it's off to

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Speaker 1: a high flying start after the results from Delta. Good morning,

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Speaker 1: Good morning, Nathan.

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Speaker 3: Yes, it is a splashy return to earning season. Not

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Speaker 3: only is the US consumer buying expensive plane tickets, they're

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Speaker 3: also buying fancy sodas from PepsiCo and big ticket items

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Speaker 3: from Costco. But let's start with the airline industry. We

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Speaker 3: have Delta Airlines up over five percent after better than

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Speaker 3: expected results, the CEO saying we're not seeing any pullback

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Speaker 3: in demand. So it does seem to be like the

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Speaker 3: consumer is still prepared to spend. The Delta did well

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Speaker 3: across the aircraft, so both in back of the cabin

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Speaker 3: and the more front of the cabin more lucrative premium seats.

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Speaker 3: The growth in the premium tickets is really important here

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Speaker 3: for Delta because both Delta and United have pushed more

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Speaker 3: into the premium products as they seek to differentiate themselves

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Speaker 3: from budget carriers. They also predicted strong demand into next year.

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Speaker 3: Full year earnings per share is expected to be about

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Speaker 3: six dollars a share, ahead of analyst consensus. So this

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Speaker 3: is also lifting the whole sector. Nathan, So, Delta is

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Speaker 3: up over five percent, American Airlines up four percent, and

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Speaker 3: United up three and a half.

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Speaker 1: Well, let's go next to PepsiCo. So, I guess consumers

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Speaker 1: are up spending for some of those snacks in the

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Speaker 1: grocery al.

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Speaker 3: Huh and fancy sodas. PepsiCo is up two point six percent.

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Speaker 3: They're seeing a turnaround in their beverage shells in North America,

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Speaker 3: driven by these healthier sodas that they are touting. So

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Speaker 3: PepsiCo owns Lays, Gatorade, Quaker brands, but it was really

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Speaker 3: down to their beat in the beverage unit, which saw

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Speaker 3: about two percent growth in North America's strongest in nearly

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Speaker 3: two years. It's all on the back of their trademark

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Speaker 3: Pepsi Beverage Yes, as well as Poppy, which is a

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Speaker 3: healthier soda that it acquired earlier this year. On PepsiCo

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Speaker 3: has been trying to keep up with shifting consumer tastes

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Speaker 3: by expanding into its healthier, more high protein, more portion

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Speaker 3: controlled offerings, and it seems to be paying off, with

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Speaker 3: PepsiCo up over two percent so far in pre market trade.

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Speaker 1: All right, let's go to Costco next, because the warehouse

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Speaker 1: shoppers are still going through the door there.

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Speaker 3: Costco posted some pretty decent comparable sales for September. It

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Speaker 3: beat estimates, analysts calling it impressive eight percent rise year

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Speaker 3: and year. So Costco up one and a quarter percent

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Speaker 3: so far in pre market trade following this enthusiasm.

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Speaker 1: And we got to talk about downside movers, and this

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Speaker 1: one's an earning story as well. Big disappointment coming from

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Speaker 1: of all names.

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Speaker 3: Ferrari, Yeah, this one is pretty ugly. Ferrari shares have

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Speaker 3: been halted for a second time in Milan, down fifteen percent.

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Speaker 3: The ADRs are also down over thirteen percent their US

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Speaker 3: listed stock, biggest drop in nearly a decade. They gave

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Speaker 3: a cautious forecast at an investor day that disappointed investors.

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Speaker 3: They've also announced plans to essentially scale back their plan

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Speaker 3: to make electric vehicles they have their twenty thirty target

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Speaker 3: for evs in their product mix now. Their shares have

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Speaker 3: outperformed general automakers in the past five years, but it's

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Speaker 3: looking like today could really be changing that narrative with

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Speaker 3: this disappointment on the pullback on EV's.

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Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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