On this episode of Stock Movers:
- PepsiCo (PEP) is rising in the premarket after maintaining its annual outlook and reported sales growth that beat Wall Street estimates, citing strong international growth. PepsiCo Chief Executive Officer Ramon Laguarta said the company's international business momentum continued, while its North America businesses improved their execution and competitiveness.
- GE Aerospace (GE) is getting a lift this morning after it boosted its full-year financial guidance and topped Wall Street’s profit estimates for the second quarter after rebounding demand in the aviation market softened the impact of a global trade war. GE Aerospace touted a 30% jump in revenue for its commercial business last quarter, with recent wins including its largest-ever widebody deal to sell more than 400 engines to Qatar Airways.
- Taiwan Semiconductor (TSMC) is higher after saying 2025 sales to grow by around 30% in USD terms. That came from comments by CEO C. C. Wei t briefing in Taipei. TSMC sees long-term gross margin at 53% and higher achievable.
- United Airlines (UAL) is dropping sd the carrier cut its adjusted earnings per share forecast for the full year. The airline initially gave dual forecasts for 2025 EPS, seeing profits of up to $13.50 and as low as of $7, assuming a “recessionary” environment.
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