On this episode of Stock Movers:
- General Motors (GM) shares are rising after it raised its full-year outlook and posted third-quarter results that topped Wall Street estimates on better-than-expected pickup truck sales and fresh relief from the Trump administration’s tariffs on auto parts. Adjusted earnings before interest and taxes will be $12 billion to $13 billion in 2025, up from a previous range of $10 billion to $12.5 billion, according to the automaker.
- General Electric (GE) shares are higher after the company raised its full-year outlook for a second consecutive quarter due to strong air-travel demand. The company raised its forecasts for adjusted revenue growth to “high-teens” from “mid-teens”, as well as for operating profit and free cash flow. GE Aerospace shares have soared more than 80% this year, driven by a rebound in global air travel and rising demand for maintenance and new engines.
- Coca-Cola (KO) shares are lower with analysts expecting third-quarter organic sales to moderate sequentially when the beverage-maker reports earnings prior to Tuesday’s opening bell, as continued weakness in some key international markets puts pressure on results. Regarding the full-year outlook, Wall Street is looking for color on FX headwinds and consumer health.
- Zions Bancorp (ZION) is extending gains after it reported $222 million of net income, beating forecasts, despite a $50 million loss from an alleged fraud. The bank charged off $56 million of bad loans in the third quarter, reflecting losses caused by the alleged fraud tied to a commercial real estate investor group in Southern California. Zions Chief Executive Officer Harris Simmons said the charge-offs were an “isolated” situation.
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