1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,160 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,800 --> 00:00:18,639 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,680 --> 00:00:21,479 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel in a 6 00:00:21,680 --> 00:00:23,920 Speaker 3: very busy earnings morning. While we wait for the big 7 00:00:23,920 --> 00:00:27,080 Speaker 3: event after the close today from Netflix, we are seeing 8 00:00:27,160 --> 00:00:30,960 Speaker 3: a big pop for General Motors after their results. Valerie, 9 00:00:30,960 --> 00:00:32,440 Speaker 3: good morning, Good morning, Nathan. 10 00:00:32,520 --> 00:00:35,800 Speaker 1: Yes, gas guzzlers are back. That's essentially what these results 11 00:00:35,840 --> 00:00:38,560 Speaker 1: have said. GM shares are up eight and a half percent. 12 00:00:38,640 --> 00:00:42,040 Speaker 1: They've been continually climbing since these results are out thirty 13 00:00:42,080 --> 00:00:45,479 Speaker 1: minutes ago. A strong read across the board, a beaten 14 00:00:45,520 --> 00:00:48,600 Speaker 1: their third quarter at quarter earnings and a raise to 15 00:00:48,640 --> 00:00:51,559 Speaker 1: their full year guidance, and the bullish outlook comes as 16 00:00:51,640 --> 00:00:54,800 Speaker 1: GM has seen a jump in sales of high margin 17 00:00:55,040 --> 00:00:59,560 Speaker 1: gas powered SUVs and trucks, this being partly enabled by 18 00:00:59,600 --> 00:01:04,160 Speaker 1: these in federal emissions policy to looser regulatory environment under 19 00:01:04,200 --> 00:01:07,720 Speaker 1: the Trump administration. There also was some positive news on 20 00:01:07,880 --> 00:01:11,080 Speaker 1: tariffs and tariff costs, and a letter to shareholders the 21 00:01:11,120 --> 00:01:14,920 Speaker 1: CEO Mary Barra thanked President Donald Trump for extending a 22 00:01:14,959 --> 00:01:18,840 Speaker 1: tariff discount on some imports for carmakers. She also noted 23 00:01:18,880 --> 00:01:22,400 Speaker 1: that near term EV adoption will be lower than planned. 24 00:01:22,400 --> 00:01:25,880 Speaker 1: But these positive results come off the heels of GM's 25 00:01:26,040 --> 00:01:28,880 Speaker 1: one time charge off of one point six billion dollars 26 00:01:28,959 --> 00:01:33,279 Speaker 1: to restructure it's business away from these struggling EV names. 27 00:01:33,360 --> 00:01:36,720 Speaker 1: But these results show today that that might not matter 28 00:01:36,760 --> 00:01:39,520 Speaker 1: too much given this backdrop of a very strong consumer 29 00:01:39,560 --> 00:01:43,360 Speaker 1: demand for GM's higher margin gas guzzlers. It's lifting not 30 00:01:43,400 --> 00:01:45,520 Speaker 1: only GM shares, which you're up eight and a half percent, 31 00:01:45,600 --> 00:01:48,960 Speaker 1: but also Ford is up two point six Stilantis up 32 00:01:49,000 --> 00:01:50,000 Speaker 1: one and a half. 33 00:01:49,960 --> 00:01:54,360 Speaker 3: And the positive earning stories continue for the company formerly 34 00:01:54,400 --> 00:01:57,240 Speaker 3: known as General Electric now known as GE Aerospace. 35 00:01:57,480 --> 00:01:59,640 Speaker 1: Yeah GE Aerospace, The stock is up one and a 36 00:01:59,680 --> 00:02:03,040 Speaker 1: half percent, boosted their outlook for a second quarter in 37 00:02:03,080 --> 00:02:05,800 Speaker 1: a row on the back of a rebound in aviation, 38 00:02:06,160 --> 00:02:10,480 Speaker 1: raised its forecast for adjusted revenue growth, for operating profit 39 00:02:10,639 --> 00:02:14,160 Speaker 1: and free cash flow. Now GE Aerospace has been a 40 00:02:14,320 --> 00:02:18,120 Speaker 1: major beneficiary of the rebound in global air travel and 41 00:02:18,240 --> 00:02:21,800 Speaker 1: rising demand for maintenance and new engines. The company continues 42 00:02:21,840 --> 00:02:25,400 Speaker 1: to gain momentum after the GE conglomerates split into three 43 00:02:25,520 --> 00:02:28,360 Speaker 1: last year. Shares have stored more than eighty percent this 44 00:02:28,440 --> 00:02:31,000 Speaker 1: year through Monday's close, and we're up another one and 45 00:02:31,000 --> 00:02:32,960 Speaker 1: a half in pre market at the moment. 46 00:02:32,880 --> 00:02:35,720 Speaker 3: And we have earnings just crossing the Bloomberg terminal from 47 00:02:35,800 --> 00:02:39,359 Speaker 3: Coca Cola. It looks like beats all around. Just from 48 00:02:39,520 --> 00:02:40,600 Speaker 3: my cursory glands well, a. 49 00:02:40,600 --> 00:02:43,600 Speaker 1: Pretty solid reaction in the share price. Coca Cola shares 50 00:02:43,639 --> 00:02:46,679 Speaker 1: are up one and a quarter percent comparable. A third 51 00:02:46,800 --> 00:02:49,720 Speaker 1: quarter EPs came in at eighty two cents, which was 52 00:02:49,800 --> 00:02:54,400 Speaker 1: a beat versus estimates around seventy eight. Since the market 53 00:02:54,440 --> 00:02:58,480 Speaker 1: is looking for an update on its international sales, I 54 00:02:58,480 --> 00:03:01,280 Speaker 1: don't see those dropping yet. There's a focus on the 55 00:03:01,320 --> 00:03:05,200 Speaker 1: international sales from Coca Cola. We've seen continued weakness in 56 00:03:05,240 --> 00:03:07,840 Speaker 1: that market, which has put pressure on results. Wall Street 57 00:03:07,880 --> 00:03:10,560 Speaker 1: is also looking for color on FX headwinds off the 58 00:03:10,600 --> 00:03:12,440 Speaker 1: back of this, but it does look like it's pretty 59 00:03:12,440 --> 00:03:14,680 Speaker 1: positive and those shares are popping even higher, up one 60 00:03:14,720 --> 00:03:15,640 Speaker 1: point six percent. 61 00:03:15,919 --> 00:03:19,399 Speaker 3: And finally, it's been a regional bank earning season that's 62 00:03:19,400 --> 00:03:21,640 Speaker 3: been a shaky to say the least. What can we 63 00:03:21,680 --> 00:03:22,639 Speaker 3: say about Zions? 64 00:03:23,240 --> 00:03:26,360 Speaker 1: Zion shares are trading positively this morning, up one and 65 00:03:26,400 --> 00:03:30,280 Speaker 1: a quarter percent, basically scrapping back all of their losses 66 00:03:30,320 --> 00:03:33,560 Speaker 1: from the fall last week on these regional banking credit worries. 67 00:03:33,840 --> 00:03:37,440 Speaker 1: So these worries continue to abate. The stock has had 68 00:03:37,680 --> 00:03:40,080 Speaker 1: a very strong two day rebound, but they had some 69 00:03:40,160 --> 00:03:44,520 Speaker 1: pretty results, pretty solid results out out after the bell yesterday. 70 00:03:44,600 --> 00:03:47,480 Speaker 1: The CEO said that the issue of last week was 71 00:03:47,520 --> 00:03:50,880 Speaker 1: an isolated situation. Even the chief credit officer said that 72 00:03:50,920 --> 00:03:54,840 Speaker 1: they've gone through the loan portfolio, haven't found any other issues, 73 00:03:54,880 --> 00:03:58,680 Speaker 1: and they've also hired external parties to continue or viewing 74 00:03:58,720 --> 00:03:59,960 Speaker 1: the loans. So it does seem like a lot of 75 00:04:00,080 --> 00:04:03,280 Speaker 1: positivity in regional banks. Zion shares up one and a 76 00:04:03,360 --> 00:04:04,240 Speaker 1: quarter percent. 77 00:04:05,200 --> 00:04:09,400 Speaker 2: The stockmover's report from Bloomberg Radio. Check back with us 78 00:04:09,480 --> 00:04:12,280 Speaker 2: throughout the day for the latest roundup of companies making 79 00:04:12,320 --> 00:04:15,960 Speaker 2: news on Wall Street and for the latest market moving headlines. 80 00:04:16,160 --> 00:04:20,159 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 81 00:04:20,240 --> 00:04:23,279 Speaker 2: dot com, and on Applecarplay and Android Auto with the 82 00:04:23,320 --> 00:04:24,679 Speaker 2: Bloomberg Business app.