Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Also going on some stocks on the move, and we
Speaker 3: want to get to that. We're joined by Bloomberg News
Speaker 3: Equities reporter Natalia Kinny Javich. She joins us here in studio,
Speaker 3: and we definitely had some stocks on the move. We
Speaker 3: had some earnings after the closing bell. Where do you
Speaker 3: want to start that.
Speaker 4: Let's start with UPS. Guys. The ticket for that one
Speaker 4: is UPS shares it down by six point six percent toity,
Speaker 4: so the outlook for volume and margins disappointed investors. So
Speaker 4: we know that the company decided to cut about half
Speaker 4: of its volume coming from Amazon, which is a big client.
Speaker 4: One of the reasons for that is because it's not
Speaker 4: as profitable for UPS. Instead, the company wants to focus
Speaker 4: on segments like industrials, healthcare. But the issue here is
Speaker 4: that growth across all those segments is not there yet
Speaker 4: because that segment of the US economy is not doing
Speaker 4: that well. So we also know that UPS is trying
Speaker 4: to cut costs. Labor is unionized, which is not the
Speaker 4: case for FedEx It's competitors, and twenty twenty three contract
Speaker 4: also was like a big increase in costs for labor
Speaker 4: for ups.
Speaker 1: What about Coca Cola.
Speaker 4: So Coca Cola, Yes, it is an interesting story. The
Speaker 4: stock is up by five percent today comparable earnings for
Speaker 4: share and organic sales for the second quarta bit consensus expectations.
Speaker 4: We see that volume was really strong here in the
Speaker 4: United States. Of course, the volume was up thanks to
Speaker 4: the World Cup, of course, and overall. When I spoke
Speaker 4: with couple analysts about bigger trends, what is next for
Speaker 4: Coca Cola, they said that, first of all, we see
Speaker 4: that there is a big trend for health related stuff
Speaker 4: because many companies that produce beverages they put like protein,
Speaker 4: they put like energy components into those drinks, which is
Speaker 4: not the case for Coca Cola. Seventy five percent of
Speaker 4: those sales are coming from soda.
Speaker 3: Yeah, exactly, why are you smiling?
Speaker 1: Let's Coca Cola people wouldn't are the people out there
Speaker 1: who would say that's not necessarily helthfood? No, but they.
Speaker 3: Bore for years, have brought their portfolio water into other
Speaker 3: water and other other things. Let's go to Hilton tickers
Speaker 3: HLT exactly.
Speaker 4: So shares are down by almost three percent. Here's the
Speaker 4: story for Hilton. So on the one hand, we saw
Speaker 4: that demand was good in the second quarter immediately in
Speaker 4: the US. Again, maybe we can we should like attribute
Speaker 4: it to the World Cup. The Middle East was a
Speaker 4: big disappointment. Down is revenue pre available room was down
Speaker 4: by about thirty percent over there. But one of the
Speaker 4: reasons why the stock is down, when I spoke with
Speaker 4: couple analysts, it's not because Hilton expects travel volume to
Speaker 4: go down. It's because the stock just has become so.
Speaker 3: Much more expand Ah, that makes sense. I totally get that.
Speaker 3: All right, some stocks on the move. We want to
Speaker 3: add a couple to it. Ford is up about six
Speaker 3: percent here in the after market. Company coming out with
Speaker 3: their earnings after the closing bell, Ford posted earnings ahead
Speaker 3: of Wall Street estimates. They raise their outlook for the
Speaker 3: year on higher prices and strong sales of high margin
Speaker 3: sport utility vehicles. They now expect to earn as much
Speaker 3: as eleven billion before interest in taxes this year, up
Speaker 3: from its prior forecast team for eight and a half
Speaker 3: billion to ten point five billion. Yeah. So investors are
Speaker 3: noticing it again. Stock up six percent in the after market.
Speaker 1: Are you're watching Ford in the after hours? I got
Speaker 1: my eye on what's happening with Visa. Shares down about
Speaker 1: two percent in the after hours. The company reported fiscal
Speaker 1: third quarter profit that beat Wall Street estimates. This just
Speaker 1: hours after the company told staff that it will eliminate
Speaker 1: roughly twenty six hundred jobs. Visa did say it's taking
Speaker 1: a five hundred and sixty three million dollar charge as
Speaker 1: a result of the job cuts. It affects seven percent
Speaker 1: of their workforce. Suggested net income, though for the three
Speaker 1: months through June, rose eight percent from a year ago.
Speaker 1: That topped the three dollars and twenty three cent average
Speaker 1: analyst to vestiments surveyed by Bloomberg. Three point thirty two
Speaker 1: a share was adjusted net income.
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