Morning Brief co-hosts Seana Smith and Brad Smith dive into three trending tickers capturing market attention.
General Motors (GM) faces headwinds as Bernstein analysts downgrade the stock to Market Perform from Outperform, citing mounting earnings challenges.
Meanwhile, Nike (NKE) finds itself on JPMorgan’s “Negative Catalyst Watch” ahead of its October 1st earnings report. The firm points to hurdles such as factory issues and decelerating sales, noting that even the Olympics failed to provide the anticipated boost.
Lastly, Alaska Airlines (ALK) grapples with the fallout from a technical outage that disrupted flights in Seattle, though the company assures customers that the incident was not the result of a cyberattack.
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This post was written by Angel Smith
Video Transcript
We’re taking a closer look at Yahoo Finance’s trending tickers.
Three names that you need to watch this morning.
We’ve got General Motors, Nike and Alaska Airlines, and we’re doing it in less than 30 seconds each.
Let’s go.
First up.
General Motors getting a downgrade from Bernstein to market perform from outperform on rising earnings.
Headwinds There you’re taking a look at shares.
They are down right now by about three and a quarter percent.
Here.
They say that their data signals rising earnings.
Head winds.
We think there’s a risk the company will announce additional capital requirements during its October C MD that coming from the analysts at Bernstein and so ultimately being concerned about that.
The C MD, I should say, is the capital market Day just to define it for everybody out there?
I was wondering, but I wasn’t going to call you out, just in case you got it always.
All right, let’s take a look at Nike was placed on JP.
Morgan’s negative catalyst Watch ahead of its earnings report on October 1st, the analysts there talking about some checks that he’s done and also commentary from executives warning about headwinds across geography.
So just to break it down quickly in North America.
He cited some challenges within Nike factory stores.
A lot of that being related to a weak or low income consumer in China.
Talking about the fact that he actually sees results coming in below the plan right now, talk about weakness in July and August.
Also the fact that the bump that’s typically seen thanks to the Olympics, saying that that did not materialise this year.
All right, let’s go to the skies here for a hot second.
Finally, Alaska Airlines, trying to get back on track after an IT outage caused disruption.
The ground stop was in place in Seattle for about two hours.
The airline said in a statement that the outage was not caused by a cyber attack.
There are worse airports to get stuck in.
Seattle is a great one to be stuck in, but anyway, as you’re taking a look at the shares here, you it’s been a bumpy ride here.
A little bit of turbulence for the company, however, still net positive by about 3.6% they said.
During a tweet or a post.
They’re experiencing a significant IT outage when they first reported this, and it seems like the issues had been resolved as quickly as possible.
It doesn’t matter how nice the airport is.
You’re always you’re always annoyed if you’re or at least I should say, I’m always annoyed.
I quite like.
Yeah, you know, that also fully describes their personal, I think, to AD as a