JetBlue Soars, Coca Cola Jumps, Zillow Gains
Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:
- JetBlue (JBLU) shares jump as much as 14% on Tuesday, the most intraday since April 14, after the carrier reported second-quarter results, gave guidance for the current quarter and introduced a 2028 target for EPS of at least $1. During the conference call, the airline said strong demand and ticket pricing are helping it offset sticky fuel-price increases, while its new domestic first-class product is projected to support “meaningful” unit revenue and margin expansion, including nearly five points of revenue per available seat mile (RASM) growth.
- Coca-Cola (KO) raised its full-year outlook, bolstered by demand last quarter while it served as a major sponsor of the FIFA World Cup. The company now sees organic sales growth of 5%, and raised its forecast for earnings-per-share growth to as much as 8%. Coca-Cola topped earnings and sales expectations for last quarter, with organic sales jumping 7% in North America, where the World Cup was hosted. Shares of Coca-Cola rose 4.4%
- Zillow Group (ZG) shares rise as much as 6.3% on Tuesday after a federal judge dismissed a lawsuit claiming the company tricked buyers into working with its partners and incentivized agents to steer buyers to Zillow Home Loans.
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