American Airlines Up, Proctor & Gamble Falls, Newmont Rises as Gold Surges
On this episode of Stock Movers:- American Air (AAL) shares edge higher despite withdrawing its full-year earnings outlook due to economic uncertainty, following similar moves by Delta Air Lines and the parent of Frontier Airlines.- Proctor & Gamble (PG) shares fell, after the company cut its annual sales and profit outlook due to tariffs and volatility in consumer demand, expecting organic sales growth of approximately 2% this year. CEO Jon Moeller said the company will likely roll out price increases next year to combat tariffs, and will seek to shift sourcing or change formulations to reduce exposure to tariffs before increasing prices.- Newmont (NEM) shares rise after the gold miner reported earnings that beat analyst estimates. The precious metal also contributed to the gains as bullion surged on mixed signals from the US on plans for China tariffs.See omnystudio.com/listener for privacy information.
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4:12
IBM Falls, PepsiCo Drops, American Air Higher Despite Pulling Forecast
On this episode of Stock Movers:- IBM (IBM) shares fall after the company reported its first-quarter results and gave an outlook. While analysts are broadly positive on the report, they failed to fully ease investor concerns. The company's CEO Arvind Krishna expressed caution about the economic environment, citing uncertainty that may cause clients to pause, and noted that the US government's cost-cutting actions have affected IBM's business.- PepsiCo (PEP) shares drop after the company lowered its full-year profit outlook due to tariff headwinds and White House pressure, expecting 2025 earnings per share to be about even with 2024 based on constant currencies.- American Air (AAL) shares edge higher despite withdrawing its full-year earnings outlook due to economic uncertainty, following similar moves by Delta Air Lines and the parent of Frontier Airlines.See omnystudio.com/listener for privacy information.
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3:21
Tariffs Strike Merck and Pepsi; American Air Uncertainty
On this episode of Stock Movers:- Merck (MRK) shares are higher in spite of the company cutting its adjusted earnings per share forecast for the year and saying it expects to lose $200 million to already-announced tariffs in 2025 amid a roiling trade war between the US and China. Still, the company's first-quarter results beat estimates.- PepsiCo (PEP) shares are down after lowering its full-year profit outlook due to unpredictable US trade policy and worsening consumer sentiment, driving up costs and denting demand for its products. PepsiCo expects 2025 earnings per share to be about even with 2024, and a low single-digit rise in organic revenue, citing volatility and uncertainty in global trade developments.- American Air (AAL) shares dropped after it withdrew its full-year earnings outlook due to economic uncertainty, following similar moves by Delta Air Lines and the parent of Frontier Airlines. The airline cited weak domestic leisure travel and economic worries, and now expects a second-quarter adjusted profit of 50 cents to $1 a share, below analyst estimates.See omnystudio.com/listener for privacy information.
On this episode of Stock Movers:- Merck (MRK) shares are higher this morning despite the company cutting its adjusted earnings per share forecast for the year and saying it expects to lose $200 million to already-announced tariffs in 2025 amid a roiling trade war between the US and China. Still, the company's first-quarter results beat estimates.- PepsiCo (PEP) shares are down after lowering its full-year profit outlook due to unpredictable US trade policy and worsening consumer sentiment, driving up costs and denting demand for its products. PepsiCo expects 2025 earnings per share to be about even with 2024, and a low single-digit rise in organic revenue, citing volatility and uncertainty in global trade developments.- Texas Instruments (TXN) is on the upswing premarket as it offered a better-than-anticipated forecast for the current period due to improved demand for industrial and automotive components. The company's sales grew last quarter for the first time since 2022.- Chipotle (CMG) is sliding in the premarket as it lowered its full-year outlook after quarterly sales declined for the first time in almost five years, citing economic uncertainty and consumer concerns about tariffs. Chipotle expects tariffs to hit second-quarter results by about 20 basis points, but is not planning to raise menu prices, and is looking to open as many as 345 restaurants this year despite potential tariff-related increases in building costs.See omnystudio.com/listener for privacy information.
On this episode of Stock Movers:- Gucci sales tumbled in the first quarter as efforts to revive Kering SA’s biggest brand again failed to yield signs of a turnaround amid a tough period for the luxury-goods industry.- Nokia said that meeting the top end of its guidance for the year will be more challenging as the company grapples with the impact of tariffs.- Unilever beat estimates for sales at the start of its fiscal year as a result of price increases, demand for premium products and improved performance in some markets.See omnystudio.com/listener for privacy information.
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