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