Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market. Harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel in a
Speaker 3: very busy earnings morning. While we wait for the big
Speaker 3: event after the close today from Netflix, we are seeing
Speaker 3: a big pop for General Motors after their results. Valerie,
Speaker 3: good morning, Good morning, Nathan.
Speaker 1: Yes, gas guzzlers are back. That's essentially what these results
Speaker 1: have said. GM shares are up eight and a half percent.
Speaker 1: They've been continually climbing since these results are out thirty
Speaker 1: minutes ago. A strong read across the board, a beaten
Speaker 1: their third quarter at quarter earnings and a raise to
Speaker 1: their full year guidance, and the bullish outlook comes as
Speaker 1: GM has seen a jump in sales of high margin
Speaker 1: gas powered SUVs and trucks, this being partly enabled by
Speaker 1: these in federal emissions policy to looser regulatory environment under
Speaker 1: the Trump administration. There also was some positive news on
Speaker 1: tariffs and tariff costs, and a letter to shareholders the
Speaker 1: CEO Mary Barra thanked President Donald Trump for extending a
Speaker 1: tariff discount on some imports for carmakers. She also noted
Speaker 1: that near term EV adoption will be lower than planned.
Speaker 1: But these positive results come off the heels of GM's
Speaker 1: one time charge off of one point six billion dollars
Speaker 1: to restructure it's business away from these struggling EV names.
Speaker 1: But these results show today that that might not matter
Speaker 1: too much given this backdrop of a very strong consumer
Speaker 1: demand for GM's higher margin gas guzzlers. It's lifting not
Speaker 1: only GM shares, which you're up eight and a half percent,
Speaker 1: but also Ford is up two point six Stilantis up
Speaker 1: one and a half.
Speaker 3: And the positive earning stories continue for the company formerly
Speaker 3: known as General Electric now known as GE Aerospace.
Speaker 1: Yeah GE Aerospace, The stock is up one and a
Speaker 1: half percent, boosted their outlook for a second quarter in
Speaker 1: a row on the back of a rebound in aviation,
Speaker 1: raised its forecast for adjusted revenue growth, for operating profit
Speaker 1: and free cash flow. Now GE Aerospace has been a
Speaker 1: major beneficiary of the rebound in global air travel and
Speaker 1: rising demand for maintenance and new engines. The company continues
Speaker 1: to gain momentum after the GE conglomerates split into three
Speaker 1: last year. Shares have stored more than eighty percent this
Speaker 1: year through Monday's close, and we're up another one and
Speaker 1: a half in pre market at the moment.
Speaker 3: And we have earnings just crossing the Bloomberg terminal from
Speaker 3: Coca Cola. It looks like beats all around. Just from
Speaker 3: my cursory glands well, a.
Speaker 1: Pretty solid reaction in the share price. Coca Cola shares
Speaker 1: are up one and a quarter percent comparable. A third
Speaker 1: quarter EPs came in at eighty two cents, which was
Speaker 1: a beat versus estimates around seventy eight. Since the market
Speaker 1: is looking for an update on its international sales, I
Speaker 1: don't see those dropping yet. There's a focus on the
Speaker 1: international sales from Coca Cola. We've seen continued weakness in
Speaker 1: that market, which has put pressure on results. Wall Street
Speaker 1: is also looking for color on FX headwinds off the
Speaker 1: back of this, but it does look like it's pretty
Speaker 1: positive and those shares are popping even higher, up one
Speaker 1: point six percent.
Speaker 3: And finally, it's been a regional bank earning season that's
Speaker 3: been a shaky to say the least. What can we
Speaker 3: say about Zions?
Speaker 1: Zion shares are trading positively this morning, up one and
Speaker 1: a quarter percent, basically scrapping back all of their losses
Speaker 1: from the fall last week on these regional banking credit worries.
Speaker 1: So these worries continue to abate. The stock has had
Speaker 1: a very strong two day rebound, but they had some
Speaker 1: pretty results, pretty solid results out out after the bell yesterday.
Speaker 1: The CEO said that the issue of last week was
Speaker 1: an isolated situation. Even the chief credit officer said that
Speaker 1: they've gone through the loan portfolio, haven't found any other issues,
Speaker 1: and they've also hired external parties to continue or viewing
Speaker 1: the loans. So it does seem like a lot of
Speaker 1: positivity in regional banks. Zion shares up one and a
Speaker 1: quarter percent.
Speaker 2: The stockmover's report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
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