Speaker 1: Bloomberg Audio Studios podcast, The Stock Builders Report, your roundup
Speaker 1: of companies making moves in the stock market, harnessing the
Speaker 1: power of Bloomberg Data. Let's got a sense of what's
Speaker 1: happening out there with stocks on the move today.
Speaker 2: We can do that with they need to hold that.
Speaker 2: What are you looking at today in the stock market?
Speaker 2: We have to talk about General Motors. Obviously, profits are
Speaker 2: expected to grow as much as two billion this year.
Speaker 2: Stock is on a tier up nearly seven percent today.
Speaker 2: Ticker of course is GM. So there is this interesting trend.
Speaker 2: A lot of those legacy auto makers are benefiting from
Speaker 2: President troops effort to water down by an era of
Speaker 2: fuel economy, and a lot of those big vehicles like
Speaker 2: the SUVs they have, the GMC, Sierra and Calik those
Speaker 2: are the vehicle that are driving a lot of the profits.
Speaker 2: And we see adjusted earnings before interesting taxes this year
Speaker 2: we'll range from thirteen billion to fifteen billion, which is
Speaker 2: so sugnificantly higher than what we saw last year. A
Speaker 2: lot of optimism. The company was already up fifty percent
Speaker 2: last year, so a pretty strong start of twenty twenty
Speaker 2: six as well. All right, let's stay with the transportation theme.
Speaker 2: What else are you looking at? Moving to airlines? Things
Speaker 2: don't look so good for Jet Blue. The company report
Speaker 2: the wider laws then expect that there are a lot
Speaker 2: of challenges in the strategy to win over high paying customers.
Speaker 2: That's been their new push. What we saw is the
Speaker 2: carrier posted and just did loss of forty nine since
Speaker 2: a share three cents worse than one the street was expected.
Speaker 2: Jet Blue has posted operating losses for several years. The
Speaker 2: airline has been turning to those high end consumers and
Speaker 2: trying to most of them. For example, they have been
Speaker 2: they opened their first airport launch, but so far where
Speaker 2: yet to see if that high end consumer will bring
Speaker 2: in off revenue. The share film as much as nine percent.
Speaker 2: Now they're down four percent. GBLU.
Speaker 1: You guys fly Jet Blue?
Speaker 2: Rong?
Speaker 1: I do because we go to the West Coast all
Speaker 1: the time to see a family, to see my kids,
Speaker 1: and they have the most you know, options in terms
Speaker 1: of direct life. Yeah, I mean, I don't have a
Speaker 1: problem with that, although I do think it's interesting that
Speaker 1: they're focusing so much on the premium customer when they
Speaker 1: spend so much time making clear that that was not
Speaker 1: who they were yeah.
Speaker 2: I also go to the West coast. It feels they
Speaker 2: are very good for those short roads. And you know,
Speaker 2: have you gone to the lounge yet, the new lounge? No? No, No,
Speaker 2: I don't have access to yet. Yeah. UPS, what do
Speaker 2: you got for us? UPS? Another gainer Today UPS is
Speaker 2: up nearly two percent a ticker as UPS. Of course,
Speaker 2: they forcus full year sales above Wall Streets expectations. There
Speaker 2: have been a lot of cuts and efforts for the
Speaker 2: company to improve their profitability. The stock them bout twenty
Speaker 2: one percent last year, as the SMP had a double
Speaker 2: digit gain. What we're seeing is revenue will be about
Speaker 2: ninety billion in twenty twenty six. Upsad in a statement,
Speaker 2: I only said anticipated lord and that, so some of
Speaker 2: the optimism is coming from that. UPS has been trying
Speaker 2: to cut costs. It says it has saved three point
Speaker 2: five billion twenty twenty five, so it's clearly working, but
Speaker 2: it's a long way ahead. They're planning to They have
Speaker 2: closed and facilidated sorting facility, offering buyouts to union drivers,
Speaker 2: cutting back on seasonal workers. There have been a lot
Speaker 2: of those efforts and sold this so far this year,
Speaker 2: a small gain after a big loss last year for sure.
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