WEBVTT - Johnson & Johnson Settlement; Barclays Reports; Applied Digital Rallies

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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 now at some stocks on the

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<v Speaker 2>move today. I'm Karen Moscower, joined by Bloomberg's Dan Curtis

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<v Speaker 2>and Dan Just in time, we're getting Ernie's crossing the

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<v Speaker 2>Bloomberg On Coca Cola, where do you see in.

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<v Speaker 3>I'm seeing a two percent rise in shares in the

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<v Speaker 3>pre market underticker KO. That's as Coca Cola second quarter

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<v Speaker 3>comparable earnings coming at ninety seven cents an estimate, sorry,

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<v Speaker 3>ninety seven cents a share, beating the estimate of ninety

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<v Speaker 3>three cents. The company is also raising its full year

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<v Speaker 3>organic revenue growth to five percent. It saw four to

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<v Speaker 3>five percent, so it's bringing it up to the upper

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<v Speaker 3>end of its previous range, and its full yer comparable

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<v Speaker 3>EPs growth is now seen at nine to ten percent,

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<v Speaker 3>which is a one percentage point increase on that guidance.

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<v Speaker 3>So shares enjoying this up two percent definitely something that

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<v Speaker 3>will keep our eye on as more of these earnings trickle.

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<v Speaker 3>As more of these earnings trickle out.

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<v Speaker 2>Yeah, and it looks like investors are also enjoying earnings

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<v Speaker 2>from UPS.

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<v Speaker 3>Yeah, that's right. So UPS also up two percent in

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<v Speaker 3>the pre market. The second quarter top and bottom lines

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<v Speaker 3>coming in ahead of estimates. The courier is boosting its

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<v Speaker 3>sales guidance for the year to above Wall Street's target.

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<v Speaker 3>The improved outlook is a sign that the company's network

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<v Speaker 3>overhaul is gaining traction. So the company has shed deliveries

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<v Speaker 3>from Amazon, it was the biggest customer, but the low

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<v Speaker 3>margin business failed to substantially boost its bottom line, and

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<v Speaker 3>it's looking towards stronger pricing and more profitable mix to

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<v Speaker 3>strengthen its business even with tep and demanding current environment.

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<v Speaker 3>Investors sharing that this morning up two percent, adding to

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<v Speaker 3>the nearly fourteen percent gain that that stock has seen

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<v Speaker 3>so far this year.

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<v Speaker 2>And we had some pretty significant news from Johnson and

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<v Speaker 2>Johnson out what's happening here?

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<v Speaker 3>Yeah, So Johnson and Johnson shares are up two percent

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<v Speaker 3>as well in the pre market. And this is it's

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<v Speaker 3>starting to come to perhaps a resolution of a long

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<v Speaker 3>overhanging litigation. So Johnson Johnson says it has agreed to

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<v Speaker 3>a five point five billion dollar commitment to resolve litigation

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<v Speaker 3>related to claims that its TALC products caused ovarian cancer.

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<v Speaker 3>The agreement requires a participation of plaintive firms that represent

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<v Speaker 3>at least ninety five percent of claims, so they have

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<v Speaker 3>to get a lot of signatures on this deal for

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<v Speaker 3>it to go through. But if it's inside, it will

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<v Speaker 3>help close an issue that's been ongoing for at least

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<v Speaker 3>fifteen years. There's been women who sued who sued the company,

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<v Speaker 3>alleging the company's baby powder and familiar and similar products

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<v Speaker 3>were contaminated with as bestess. JJ denies that the powder

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<v Speaker 3>was harmful, but stopped selling the TALC baby powder this decade.

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<v Speaker 3>It's repeatedly tried to resolve this issue through bankruptcy court

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<v Speaker 3>and said in June that had set aside eleven billion

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<v Speaker 3>dollars to set a legal matters. So perhaps a resolution

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<v Speaker 3>or moving towards a resolution giving investors some hope this morning, And.

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<v Speaker 2>You're keeping an eye on Barclays as well.

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<v Speaker 3>That's right, So Barkley shares the ADRs BCS down six

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<v Speaker 3>percent in the US pre market. That's because the company's

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<v Speaker 3>US consumer banking and investment banking growth failed to keep

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<v Speaker 3>pace with rivals. Investment banking fees grew thirty two percent

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<v Speaker 3>from a year earlier. That was above estimates, but that

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<v Speaker 3>lagged behind US peers for a very busy quarter. The

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<v Speaker 3>company did lift guidance for the year. It now sees

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<v Speaker 3>thirty one and a half billion pounds, up from zero,

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<v Speaker 3>and was up half a billion pound from the previous outlooks.

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<v Speaker 3>It did announce a fresh one billion dollar buyback, and

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<v Speaker 3>the shares ended yesterday at the highest level since the

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<v Speaker 3>global financial crisis, so some recovery, but that's getting taken

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<v Speaker 3>off this morning in the pre market.

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<v Speaker 1>This stock mover's report from Bloomberg Radio. Check back with

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<v Speaker 1>us throughout the day for the latest roundup of companies

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<v Speaker 1>making news on Wall Street and for the latest market

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<v Speaker 1>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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