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 now at some stocks on the
Speaker 2: move today. I'm Karen Moscower, joined by Bloomberg's Dan Curtis
Speaker 2: and Dan Just in time, we're getting Ernie's crossing the
Speaker 2: Bloomberg On Coca Cola, where do you see in.
Speaker 3: I'm seeing a two percent rise in shares in the
Speaker 3: pre market underticker KO. That's as Coca Cola second quarter
Speaker 3: comparable earnings coming at ninety seven cents an estimate, sorry,
Speaker 3: ninety seven cents a share, beating the estimate of ninety
Speaker 3: three cents. The company is also raising its full year
Speaker 3: organic revenue growth to five percent. It saw four to
Speaker 3: five percent, so it's bringing it up to the upper
Speaker 3: end of its previous range, and its full yer comparable
Speaker 3: EPs growth is now seen at nine to ten percent,
Speaker 3: which is a one percentage point increase on that guidance.
Speaker 3: So shares enjoying this up two percent definitely something that
Speaker 3: will keep our eye on as more of these earnings trickle.
Speaker 3: As more of these earnings trickle out.
Speaker 2: Yeah, and it looks like investors are also enjoying earnings
Speaker 2: from UPS.
Speaker 3: Yeah, that's right. So UPS also up two percent in
Speaker 3: the pre market. The second quarter top and bottom lines
Speaker 3: coming in ahead of estimates. The courier is boosting its
Speaker 3: sales guidance for the year to above Wall Street's target.
Speaker 3: The improved outlook is a sign that the company's network
Speaker 3: overhaul is gaining traction. So the company has shed deliveries
Speaker 3: from Amazon, it was the biggest customer, but the low
Speaker 3: margin business failed to substantially boost its bottom line, and
Speaker 3: it's looking towards stronger pricing and more profitable mix to
Speaker 3: strengthen its business even with tep and demanding current environment.
Speaker 3: Investors sharing that this morning up two percent, adding to
Speaker 3: the nearly fourteen percent gain that that stock has seen
Speaker 3: so far this year.
Speaker 2: And we had some pretty significant news from Johnson and
Speaker 2: Johnson out what's happening here?
Speaker 3: Yeah, So Johnson and Johnson shares are up two percent
Speaker 3: as well in the pre market. And this is it's
Speaker 3: starting to come to perhaps a resolution of a long
Speaker 3: overhanging litigation. So Johnson Johnson says it has agreed to
Speaker 3: a five point five billion dollar commitment to resolve litigation
Speaker 3: related to claims that its TALC products caused ovarian cancer.
Speaker 3: The agreement requires a participation of plaintive firms that represent
Speaker 3: at least ninety five percent of claims, so they have
Speaker 3: to get a lot of signatures on this deal for
Speaker 3: it to go through. But if it's inside, it will
Speaker 3: help close an issue that's been ongoing for at least
Speaker 3: fifteen years. There's been women who sued who sued the company,
Speaker 3: alleging the company's baby powder and familiar and similar products
Speaker 3: were contaminated with as bestess. JJ denies that the powder
Speaker 3: was harmful, but stopped selling the TALC baby powder this decade.
Speaker 3: It's repeatedly tried to resolve this issue through bankruptcy court
Speaker 3: and said in June that had set aside eleven billion
Speaker 3: dollars to set a legal matters. So perhaps a resolution
Speaker 3: or moving towards a resolution giving investors some hope this morning, And.
Speaker 2: You're keeping an eye on Barclays as well.
Speaker 3: That's right, So Barkley shares the ADRs BCS down six
Speaker 3: percent in the US pre market. That's because the company's
Speaker 3: US consumer banking and investment banking growth failed to keep
Speaker 3: pace with rivals. Investment banking fees grew thirty two percent
Speaker 3: from a year earlier. That was above estimates, but that
Speaker 3: lagged behind US peers for a very busy quarter. The
Speaker 3: company did lift guidance for the year. It now sees
Speaker 3: thirty one and a half billion pounds, up from zero,
Speaker 3: and was up half a billion pound from the previous outlooks.
Speaker 3: It did announce a fresh one billion dollar buyback, and
Speaker 3: the shares ended yesterday at the highest level since the
Speaker 3: global financial crisis, so some recovery, but that's getting taken
Speaker 3: off this morning in the pre market.
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