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 1: Let's take a look at some stocks on the move.
Speaker 1: We want to dig into them a little bit more.
Speaker 1: And for our market movers right now, Lisa Matteo has.
Speaker 3: All right, so let's start with Delta ticker DAL. So
Speaker 3: their shares have been up as much as five percent,
Speaker 3: so basically better than expected earnings. It says it can
Speaker 3: seize that continues strong demand into next year. So the
Speaker 3: thing is, they say leisure travelers are spending more premium seats,
Speaker 3: so they're putting big money on that more corporate travelers.
Speaker 3: On top of it, it's CEO Ed Bashian saying, you
Speaker 3: know what, the customer is financially in a good spot.
Speaker 3: He even said, we've been talking about the government shutdown.
Speaker 3: He said, it's not really affecting the airlines that much.
Speaker 3: He says that they're operating as normal, no increase in
Speaker 3: delays or cancelation. So he touched upon that too. Delta United,
Speaker 3: they've been pushing these premium product, like the more expensive ones,
Speaker 3: not only in the cabin but on the ground two,
Speaker 3: so they're kind of pushing to be this more. I
Speaker 3: guess luxury focused airline and American Airlines United Airlines like
Speaker 3: different shares are also gaining two on this news all right, Pepsi, yes, okay,
Speaker 3: you talk about this pep The ticker share has been
Speaker 3: up more than two percent, so stronger than expected net revenue.
Speaker 1: Right.
Speaker 3: They own Lays, Gatoride, Quaker brands, but their North American
Speaker 3: beverage unit that is what's that's showing the signs of
Speaker 3: a turnaround. So two percent growth, it's strongest growth in
Speaker 3: two years. Strength and Pepsi and Q three. That was
Speaker 3: thanks to the zero sugar soda, so people going for
Speaker 3: the zero sugar one. But also helping is Poppy. I'm
Speaker 3: not sure if you guys have tried it, but it's
Speaker 3: this prebiotic soda, you know, fruit juice.
Speaker 1: Aside, it still tastes like so yes.
Speaker 3: Yes, I do have to say that. I know my
Speaker 3: daughter's into it. I haven't I've tried it, but it
Speaker 3: is it is. You're right, you hit the nail on
Speaker 3: that one. It's still a little bit sweet for me.
Speaker 3: I like the kombucha instead to say, but They've been
Speaker 3: a lot of pressure from Elliot Investment Management too, and
Speaker 3: a lot of pressure too about processed foods, the whole
Speaker 3: negative talk about it at artificial colors. So they've been
Speaker 3: introducing like different products, you know, Doritos and Cheetos, NKD.
Speaker 3: I guess it's naked. I don't know, without artificial colors
Speaker 3: or flavors. And then they have high protein offerings, right,
Speaker 3: they have Dorito's protein and meat snacks too, so they're
Speaker 3: trying to introduce new things go at the times. They
Speaker 3: also announced the retirement of their CFO, so a lot
Speaker 3: going on of we're PEPSI.
Speaker 1: You said meat snacks and I thought of Homer Simpsons
Speaker 1: meat snacks. Let's talk about the opposite of Homer Simpson.
Speaker 3: Yes, okay, raising away, Ferrari sank the most since twenty sixteen.
Speaker 3: Their shares so they've been down as much as fifteen percent.
Speaker 3: The expectations were high, they just didn't deliver. They gave
Speaker 3: this cautious forecast. Investors in and like it. Slower earnings
Speaker 3: great than what management offered during their first of their
Speaker 3: last capital markets to day, which was three years ago.
Speaker 3: So they scale back plans to make evs and this
Speaker 3: is even after they vail that first EV, the Electrica
Speaker 3: that's just set to debut next year. So all electric
Speaker 3: models are going to make up about twenty percent of
Speaker 3: the lineup by twenty thirty, and that's down from a
Speaker 3: previous target of forty percent, So a big difference there.
Speaker 3: But I mean it's not just Ferrari have Porsia, Mercedes
Speaker 3: Benzeve also kind of struggling with that electric transition too.
Speaker 2: On top of it the Stock Movers Report from Bloomberg Radio.
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