Stock Movers

On this episode of Stock Movers:

- Capital One (COF) reported a surge in third-quarter profit, beating Wall Street estimates, and the lender announced plans to repurchase as much as $16 billion of stock in the wake of its acquisition of Discover Financial Services. Net income surged 80% to $3.19 billion, or $4.83 a share, the McLean, Virginia-based company said Tuesday in a statement. Adjusted earnings per share totaled $5.95, topping the $4.39 average estimate of analysts surveyed by Bloomberg. Shares of Capital One rose 2.7% to $223 in extended trading at 4:20 p.m. in New York. The stock had climbed 22% this year, outperforming the 16% advance for the 24-company KBW Bank Index. 

- Netflix (NFLX) said a tax dispute with Brazil cut into third-quarter earnings, marring results that otherwise fell in line with Wall Street estimates.The world’s most valuable entertainment company posted quarterly operating income of $3.24 billion, according to a statement Tuesday, about $400 million below its own forecast and analysts’ estimates. The company’s outlook for the current quarter is largely in line with Wall Street projections. Shares tumbled in afterhours trading.

- GM (GM) shares jumped the most since 2020 after the automaker raised its full-year outlook, buoyed by 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, the automaker said in a statement on Tuesday. That’s up from a previous range of $10 billion to $12.5 billion. The improved outlook comes as GM has seen a jump in sales of high-margin gas-powered SUVs and trucks partly enabled by moves to ease federal emissions rules.

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Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar.

On this episode of Stock Movers:

- Netflix (NFLX) is sinking in the afterhours. The company released earnings and missed 3Q EPS estimates. Netflix said a tax dispute with Brazil cut into earnings, with the company posting quarterly operating income of $3.24 billion, about $400 million below its own forecast and analysts’ estimates.

- Texas Instruments (TXN) fell after the biggest maker of analog chips gave a lackluster forecast for the current period, adding to concern that a chip industry recovery is sputtering. The outlook suggests that customers are slowing orders as they navigate mounting trade tensions and a shaky economy.

- Mattel (MAT) also fell on earnings, saying that sales dipped as tariff uncertainty delays Christmas orders. The company's sales declined to $1.74 billion in the quarter, with profit, excluding some items, at 89 cents per share, less than analysts were expecting.

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On this episode of Stock Movers:

- Zions Bancorp (ZION) rose after saying that its profit topped estimates despite a $50 million loss from an alleged fraud. This helped to reassure investors who had feared the credit markets might be harboring some deeper pain.

- Airbnb (ABNB) Chief Executive Officer Brian Chesky said he didn’t integrate his company’s online travel app with OpenAI’s ChatGPT because the startup’s connective tools aren’t “quite ready” yet. The stock was up around 1.3% midday.

- Adidas (ADDYY) climbed after lifting its earnings forecast for the year. This comes amid robust demand for retro sneakers like the Gazelle and efforts to mitigate the impact of US tariffs.

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On this episode of Stock Movers:
- GE Aerospace (GE) shares gain after the company raised its full-year outlook for a second consecutive quarter as the jet-engine manufacturer cashes in on strong air-travel demand. The results underscore how the company continues to gain momentum under Chief Executive Officer Larry Culp after completing a three-way split of the longtime conglomerate last year.
- Warner Bros. Discovery (WBD) shares jump after the company said it has begun to consider various deal scenarios in light of “unsolicited interest” the media and entertainment conglomerate has received from “multiple parties” for all or part of the company.
- Coca Cola (KO) shares rise after the company posted third-quarter sales growth that beat Wall Street expectations. It's a sign that consumers are snapping up the company’s beverages despite higher prices.

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On this episode of Stock Movers:
- General Motors (GM) shares gain after the company 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.
- Coca Cola (KO) shares rise after the company posted third-quarter sales growth that beat Wall Street expectations — a sign that consumers are snapping up the company’s beverages despite higher prices.
- RTX (RTX) shares rise after the company raised its full-year profit outlook and reported third-quarter earnings that topped Wall Street expectations as sales and profit rose across its commercial aerospace and military hardware businesses.

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n this episode of Stock Movers:
- Philip Morris (PM) jumped after the tobacco company reported third-quarter profit and revenue that topped expectations, led by performance in smoke-free portfolio.
- 3M (MMM) is up after it raised its profit forecast for the second straight quarter as Chief Executive Officer Bill Brown’s effort to revitalize the conglomerate gains traction despite ongoing challenges from economic volatility.
- Walmart (WMT) is moving on news it is offering its lowest price in years for Butterball turkeys this Thanksgiving, as the nation’s largest food seller flexes its muscles to entice price-sensitive consumers with deals. The company said it will sell the turkeys for 97 cents per pound, its cheapest price since 2019. Turkey production has been tight due to shrinking flocks and resurgence of avian flu.

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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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On this episode of Stock Movers:
- Coca-Cola HBC shares fell as the bottler said it will buy a majority stake in Coca-Cola Beverages Africa.
- Unilever pushed back its demerger of Magnum Ice Cream due to the government shutdown in the US, though it expects to complete the spinoff this year.
- Atos shares fell as much as 17% after the French IT company reported 3Q revenue that missed estimates and lowered its 2025 revenue guidance.

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On this episode of Stock Movers:
- Coca-Cola HBC shares fell as it said it will buy a majority stake in Coca-Cola Beverages Africa.
- Nordnet slid after it reported adjusted operating profit for 3Q that missed the average analyst estimate.
- Edenred shares registered their biggest intraday spike on record, after the digital platform for services and payments reported better 3Q revenue growth than anticipated.

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On this episode of Stock Movers: 
- Crypto-Linked stocks including Robinhood (HOOD) and Terawulf (WULF) ended the day higher as bitcoin miners outperform the digital currency as they expand beyond the cryptocurrency and into AI datacenters.
- Getty (GETY) and Shutterstock (SSTK) tumbled after the UK’s Competition and Markets Authority said the pair’s merger may be expected to result in a substantial lessening of competition.
- Apple (AAPL) ended the day on 2025's first record amid signs of stronger-than-expected demand for its latest iPhone lineup, adding to hopes that a long-awaited upgrade cycle could be underway. Over the weekend, an analysis from Counterpoint Research showed the iPhone 17 series outsold the iPhone 16 by 14% over their respective first 10 days on sale in the US and China.
- Zions Bancorp (ZION) led an aftermarket rally in some regional bank stocks including Western Alliance (WAL) after it delivered earnings that saw its profits top analyst estimates despite a $50 million loss from an alleged fraud tied to a commercial real estate investor group in Southern California. The bank reported $222 million of net income on Monday, just beating forecasts. It also charged off $56 million of bad loans in the third quarter, reflecting losses caused by the alleged fraud.

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