Check out the companies making the biggest moves in off-the-selling trading: PepsiCo – Snack and beverage companies rose 3% following second-quarter beats on both the top-line and bottom-line. Adjusted revenue was $22.73 billion with revenue of $22.73 billion and $2.12 with revenue of $22.73 billion, according to LSEG. Starbucks – Coffee chains have dropped 1.6% on the back of Jeffries’ downgrade, dropping from hold to performance. The company believes it exceeds reasonable expectations that the stock will improve its foundation. Taiwan Semiconductor Manufacturing – Chipmaker’s stock added 3.3% after the company’s second quarter profits rose 61% from the previous year, reaching a record high, breaking estimates. GE Aerospace – Jet Engine Maker’s stock rose about 1% after its second quarter results exceeded expectations. GE Aerospace reported adjusted revenue of $10.15 billion, with $1.66 per share adjusted revenue. According to FactSet, analysts were expecting $1.43 and $95.9 billion per share. Ge Aerospace also raised annual guidance on some metrics. US Bancorp – The share price went to $7 billion after the bank’s second quarter net revenue reached $7 billion, with the exception of the $7.05 billion expected from analysts voted by LSEG. The net interest margin also missed expectations. Following an upgrade at CARS.COM – JPMorgan, stocks in the online car marketplace rose 6% following an upgrade from neutral to overweight. The banks complained of growing new vehicle inventory and the fear of potentially exaggerated tariffs. Toast – The payment technology company jumped nearly 3% after Deutsche Bank resumed stock compensation with a buy rating. The bank said toast has a strong value proposition, which will bring market share profits and long-term success. United Airlines – Shares fell about 1% after second quarter revenues of the airline’s career missed Wall Street expectations. United Airlines recorded revenue of $15.24 billion, down from the $15.35 billion forecast by analysts surveyed by LSEG. Revenues were better than expected, but they came at $3.87 per share compared to a consensus estimate of $3.81 per share. Archer-Daniels-Midland – The shares of a food processing company that supplies high-fructose corn syrup have sunk almost 3% after President Donald Trump said Coca-Cola was beginning to be made with cane sugar. Coca-Cola did not commit to changes when asked by NBC News. Sarepta Therapeutics – Biotech stocks surged 29% after medical research and drug development companies fired about 500 workers, or 36% of the workforce, as part of their strategic restructuring plan. Sarepta said the move would save about $120 million in annual cash costs reductions in 2026. MP Materials – The stock price fell 4% after the stock said it was priced at a public offering of $55 per share of common stock. The shares ended Wednesday’s session at $58.55. Abbott Laboratories – Shares slipped 4.7% after the healthcare company’s third quarter guidance failed to meet Wall Street expectations. Abbott expects profits of $1.28 to $1.32 per share, compared to $1.34 per share, expected from analysts voted by FactSet. However, both adjusted revenue and revenue for the second quarter were forecast. Shake Shack – After Jefferies downgraded, the stock price slipped 2.6%. The company believes the stock is burning with too much optimism about the trends in the same store in a short period. —CNBC’s Alex Hurling, Sarah Minh, Sean Conlon and Jesse Pound reported. Fix: Previous versions incorrectly mislead PepsiCo’s estimated quarterly profit.
pep, subx, ge, cars, etc.
