UPS Falls, Coca Cola Jumps, Hilton Drops

The decisions you make don't sit still. They move through your business, across your teams, into everything that comes next. That's why the thinking behind them matters. Not just how big it is, but how close it gets. That's Baker Tilly. Close enough to understand what's really driving your business. Close enough to turn insight into action. Across advisory, tax, and assurance, Baker Tilly brings enterprise-level thinking built around your business. Baker Tilly. Big thinking within reach. Bloomberg Audio Studios, podcasts, radio, news. The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data. Also going on, some stocks on the move, and we want to get to that. We're joined by Bloomberg News Equities reporter Natalia Kinnejavich. She joins us here in studio. And we definitely had some stocks on the move. We had some earnings after the closing bell. Where do you want to start though? Let's start with UPS, guys. The ticker for that one is UPS. Shares are down by 6.6% today. So the outlook for volume and margins disappointed investors. So we know that the company decided to cut about half of its volume coming from Amazon, which is a big client. One of the reasons for that is because it's not as profitable for UPS. Instead the company wants to focus on segments like industrials autos healthcare But the issue here is that growth across all those segments is not there yet because that segment of the U.S. economy is not doing that well. So we also know that UPS is trying to cut costs. Labor is unionized, which is not the case for FedEx, its competitor. And 2023 contract also was like a big increase in costs for labor for UPS. What about Coca-Cola? So Coca-Cola, yes, it is an interesting story. The stock is up by 5% today. Comparable earnings per share and organic sales for the second quarter beat consensus expectations. We see that volume was really strong here in the United States. Of course, the volume was up thanks to the World Cup, of course. And overall, when I spoke with a couple analysts about bigger trends, what is next for Coca-Cola? they said that first of all uh we see that there is a big trend for health yeah related stuff because many companies uh that produce beverages they put like protein they put like energy components into those drinks which is not the case for coca-cola 75 of those sales are coming from soda yeah exactly why are you smiling it's coca-cola people wouldn't are there are people out there who would say that's not necessarily health food no but they folks out there for years have broadened their portfolio. Yeah, they've got water. Water and other things. Let go to Hilton ticker is HLT Exactly so shares are down by almost 3 Here the story for Hilton So on the one hand we saw that demand was good in the second quarter mainly in the US Again maybe we should attribute it to the World Cup The Middle East was a big disappointment down is revenue per available room was down by about 30% over there. But one of the reasons why the stock is down when I spoke with a couple analysts, it's not because Hilton expects travel volume to go down. It's because the stock just has become so much more expensive. Ah, that makes sense. I totally get that. All right, some stocks on the move. We want to add a couple to it. Ford is up about 6% here in the aftermarket company coming out with their earnings. after the closing bell. Ford posted earnings ahead of Wall Street estimates. They raised their outlook for the year on higher prices and strong sales of high margin sport utility vehicles. They now expect to earn as much as $11 billion before interest in taxes this year, up from its prior forecast, Tim, for $8.5 billion to $10.5 billion. Yeah, so investors are noticing, again, stock up 6% in the aftermarket. All right, you're watching Ford in the after hours. I got my eye on what's happening with Visa. Shares down about 2% in the after hours. The company reported fiscal third quarter profit that beat Wall Street estimates. This just hours after the company told staff that it will eliminate roughly 2,600 jobs. Visa did say it's taking a $563 million charge as a result of the job cuts. It affects 7% of their workforce. Adjusted net income though for the three months through June rose 8 from a year ago That topped the average analyst of estimates surveyed by Bloomberg a share was adjusted net income The Stock Movers Report from Bloomberg Radio Check back with us throughout the day for the latest roundup of companies making news on Wall Street. 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