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☆ We should not rely on tariffs to make business, Citroën CEO says
▼ + stars: | 2024-10-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe should not rely on tariffs to make business, Citroën CEO saysCitroën CEO Thierry Koska discusses the automaker's EV production plans at the Paris Motor Show.

Persons: Thierry Koska Organizations: Paris

☆ 'That's it?' Morgan Stanley rips Tesla robotaxi event for lack of detail
▼ + stars: | 2024-10-11 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Wall Street has been fairly hot-and-cold on Tesla stock this year — and its highly anticipated robotaxi unveiling on Thursday isn't helping to improve investor sentiment. As such, we anticipate TSLA to be under pressure following the event," Jonas, the firm's head of global auto and shared mobility research, said in a Friday note to clients entitled "That's it? TSLA YTD mountain Tesla stock this year. Simply put, the event failed to offer a significant bright spot for Tesla's stock, according to Jonas. The analyst has an eye on Tesla's expectation to start fully autonomous, unsupervised FSD in Texas and California for its Model 3 and Model Y electric vehicles.

Persons: Morgan Stanley's Adam Jonas, Jonas, Tesla, Elon Musk's, Musk, TLSA, Tesla's, FactSet Organizations: Investors, Morgan Locations: Los Angeles, FSD, Texas, California

☆ Tesla stock drops 10% after Wall Street sees robotaxi event 'stunningly absent on detail'
▼ + stars: | 2024-10-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Tesla stock fell as much as 10% after its robotaxi reveal underwhelmed Wall Street analysts. Tesla's vision drew skepticism from Wall Street over execution and potential profit challenges. AdvertisementTesla stock dropped as much as 10% on Friday after the automaker's robotaxi reveal event underwhelmed Wall Street. "We found Tesla's Robotaxi event to be underwhelming and stunningly absent on detail," Sacconaghi said. There was at least one Wall Street analyst who struck a positive tone after Tesla's robotaxi event: Wedbush analyst Dan Ives.

Persons: —, Elon Musk, wasn't, Wells, Colin Langan, Bernstein, Toni Sacconaghi, Tesla, Sacconaghi, Dan Ives, Ives Organizations: Street, Service

☆ Here's what investors need to know after GM's capital markets day
▼ + stars: | 2024-10-09 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

GM's investor day showcased many of the company's current achievements, but did not provide much insight on strategy," Bernstein analyst Daniel Roeska wrote Wednesday in an investor note. "GM's Investor Day yesterday didn't provide much in the way of sharp shifts in strategy. Through the first half of 2024, GM earned $8.3 billion in EBIT-adjusted and generated $6.4 billion in adjusted automotive free cash flow. GM's 2024 financial guidance includes anticipated capital spending of between $10.5 billion and $11.5 billion. GM's operations in China have experienced a decade-long slide in earnings, and executives said they are discussing restructuring options with their China-based partners.

Persons: Rebecca Cook, Mary Barra, Mark Reuss, Stellantis, Bernstein, Daniel Roeska, Dan Levy, John Murphy, Levy, Paul Jacobson, Jacobson, GM's, we're, Barra, Ultium, Kurt Kelty, " Jacobson, Reuss, that's, you'll, Tesla's Organizations: General Motors, Reuters DETROIT —, GM, Ford Motor, Ford, Barclays, BofA Securities, Wall Street, EV tailwinds, North America, LG Energy, ICE, GMC, China Locations: Detroit, Spring Hill , Tennessee, North, Cruise, China

☆ GM expects 2025 earnings to be similar to this year's despite industry headwinds
▼ + stars: | 2024-10-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

DETROIT — General Motors expects its 2025 adjusted earnings to be in a "similar range" to the company's results this year, CFO Paul Jacobson said Tuesday during the company's investor day. Achieving its 2024 targets as well as similar earnings next year would be quite an accomplishment. Jacobson declined to provide specific financial targets until the company formally releases its 2025 financial guidance early next year. GM's 2024 financial guidance includes anticipated capital spending of between $10.5 billion and $11.5 billion. Other than the financial targets for 2025, the automaker provided few significant updates at its investor day.

Persons: Paul Jacobson, Jacobson, Mary Barra Organizations: GMC, DETROIT —, Motors, Detroit, Auto, GM, North America, Wall Street Locations: Richmond , California, DETROIT, North

☆ Rolls-Royce opens VIP showroom in NYC to cater to its top-tier clients. Take a look inside
▼ + stars: | 2024-10-07 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

watch nowRolls-Royce has opened its first U.S. "Private Office," a secret VIP design studio for ultra-wealthy clients who want highly personalized cars. While Rolls-Royce customers have been customizing their rides for decades, the Private Office brings the concept of a personalized Rolls to a whole new level. Courtesy: Rolls-RoyceThe New York Private Office is the company's third worldwide, following Dubai, United Arab Emirates, which opened in 2022, and Shanghai in 2023. Since Koa wood is protected in Hawaii, only dead or naturally fallen Koa trees can be harvested. Interior of the custom Rolls-Royce Koa Phantom.

Persons: Royce, Chris Brownridge, Brownridge Organizations: Royce, Ferrari, BMW, Office, CNBC, Private Office, Royce The New York Private, United Arab Emirates Locations: Meatpacking, British, Dubai, United Arab, Shanghai, Seoul, Korea, Goodwood, U.K, Hawaii

☆ GM investor day: Cruise, cash and EV profits top of mind for Wall Street
▼ + stars: | 2024-10-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT — A lot has changed since General Motors' last investor day two years ago, but one thing that hasn't is the automaker's ability to outperform Wall Street's expectations — doing so every quarter since then. "Accordingly, whereas the theme for GM three years ago was "Growth Motors," we believe the theme today is "praGMatic Motors." To underscore that effort, the event is taking place GM's vehicle assembly and Ultium EV battery plants in Tennessee. Barra and other executives have stressed such a dual strategy since lowering or withdrawing nearly all of the company's EV targets amid slower than expected adoption of electric vehicles. "We are making the most of every opportunity we have in ICE and in EV and leveraging our core strengths," Barra said during the company's second-quarter investor call in July.

Persons: Mary Barra, General Motors, Dan Levy, Barra Organizations: General Motors Co, DETROIT, General, Wall Street, GM, Barclays, Spring, Spring Hill Assembly, ICE, EV Locations: Detroit , Michigan, China, Barra, Tennessee, Spring Hill

☆ Waymo to add Hyundai EVs to robotaxi fleet under new multiyear deal
▼ + stars: | 2024-10-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker's Ioniq 5 electric vehicle to its robotaxi fleet. Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker's Ioniq 5 electric vehicle to its robotaxi fleet. Waymo, which boasts around 700 vehicles in its fleet today, operates the only commercial robotaxi service in the U.S., Waymo One. They are expected to become available to Waymo One robotaxi riders in the years to follow, the companies said. Hyundai said the Waymo partnership "doesn't influence" Motional.

Persons: Waymo, robotaxi, José Muñoz, Muñoz, Hyundai, — CNBC's Jennifer Elias Organizations: Hyundai, Chrysler, Hyundai Motor North America Locations: Korean, U.S, Georgia

☆ Stellantis CEO says too soon to confirm 2025 dividend as shares slide
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: +2 min

Carlos Tavares, chief executive officer of Stellantis NV, speaks during a news conference at the Fiat automobile manufacturing plant in Kragujevac, Serbia, on Monday, July 22, 2024. Stellantis CEO Carlos Tavares on Thursday left the door open for possible cuts to its dividend and share buybacks next year and brushed off problems with its U.S. business that led to a major profit warning this week as a "small operational error". "When you are in a context which is brutal and more demanding, if you make a small operational error, well it is immediately visible," he said, adding he was taking it as a "wake up call" and very seriously. While Stellantis is committed to its 2024 dividend, Tavares said it was too early to confirm next year's plan. "The time for 2025 has not come, we will see what will happen at the end of 2024 for a discussion and a decision for 2025," he said.

Persons: Carlos Tavares, Tavares, Stellantis Organizations: Stellantis NV, Fiat, Thursday, Chrysler, Jeep, Citroen, Peugeot Locations: Kragujevac, Serbia, U.S, France

☆ Ford reveals new 2025 Expedition SUV, including off-road and 'Ultimate' models
▼ + stars: | 2024-10-03 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT — Ford Motor is increasing the refinement and technology of its large Expedition SUV as part of a vehicle redesign to better compete with growing competition. The new three-row SUV features a smoother interior and exterior design, increased comfort and convenience features such as a 24-inch driver display, and the addition of the automaker's BlueCruise hands-free highway driving system. Ford declined to release pricing for the 2025 Expedition until closer to when the vehicles will arrive in dealerships in the spring. Current starting pricing ranges from $55,000 to $84,000, depending on the model. The average transaction price of current models is roughly $70,000, according to Ford.

Persons: we've, Trevor Scott Organizations: DETROIT, Expedition, Ford Utilities, Ford

☆ Ford's third-quarter sales up 0.7% as GM overtakes it in EVs
▼ + stars: | 2024-10-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

A banner advertises the Ford Mustang Mach-E electric vehicle at a Ford dealership on August 21, 2024 in Glendale, California. DETROIT – Ford Motor lost its lead in electric vehicle sales to crosstown rival General Motors during the third quarter, as the automaker's EV growth slowed. Ford on Wednesday reported a 0.7% increase in third-quarter U.S. new vehicle sales, including a 12.2% increase in EVs compared with a year earlier. The third-quarter results for Ford contributed to a 45% increase in EV sales this year through September to 67,689 units. The South Korean automaker remains a distant second in U.S. EV sales to market leader Tesla .

Persons: Ford, Tesla Organizations: Ford, Ford Motor, Motors, GM, Hyundai, Kia, South Korean Locations: Glendale , California, DETROIT, EVs, U.S

☆ Stocks making the biggest moves midday: EchoStar, CVS Health, Stellantis and more
▼ + stars: | 2024-09-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Nio — The U.S.-listed shares of the Chinese electric vehicle maker climbed 9.5% after Nio announced a 13.3 billion yuan cash injection for its Nio China business. The transactions are expected to be completed by year-end, and will reduce Nio Inc.'s stake in Nio China to 88.3% from its current 92.1%. CVS Health — Shares jumped 3.3% on news that hedge fund Glenview Capital intends to meet with CVS Health's executives to boost the struggling business. Crypto stocks — Stocks tied to the price of bitcoin retreated with the cryptocurrency following a sizeable rally last week. Cumberland Hospital for Children and Adolescents is an "indirect subsidiary" of Universal Health Services, according to an 8-K filing.

Persons: Nio, Alibaba, Stocks, bitcoin, Coinbase, MicroStrategy, Bitcoin, EchoStar, Piper Sandler, Stephen Scouten, — CNBC's Sean Conlon, Tanaya Macheel, Sarah Min, Jesse Pound, Pia Singh Organizations: Nio Inc, GM, Ford, CVS, —, Glenview Capital, CNBC, DirecTV, Amerant, Moderna, Universal Health Services, Cumberland Hospital for Children Locations: U.S, China, Glenview, Florida

☆ 10 things to watch in the stock market Monday: Getting ready for big earnings coming
▼ + stars: | 2024-09-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: It's, Dow, Jim Cramer's takeaways, Cowen, Bernstein, Davidson, Dr Pepper, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim Organizations: Micron, Jefferies, Costco, Nasdaq, Intel, Qualcomm, Apollo Global Management, JPMorgan, Nike, Dow, General Motors, Microsoft, Club, Holdings, Bank of America, Citi, Apple, Barclays, Constellation Energy, Jim Cramer's Charitable, CNBC Locations: San Francisco

☆ UAW warns of potential strikes at Ford, Stellantis a year after unprecedented work stoppages
▼ + stars: | 2024-09-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – A year after unprecedented strikes by the United Auto Workers against the Detroit automakers, the union is once again threatening work stoppages that could disrupt the U.S. automotive industry. Both announcements amount to warning shots against Ford and Stellantis and center on local union contracts. Local contracts have historically taken months, if not years, to settle after a national agreement is reached. Last year's auto worker strikes came during historic negotiations over national contracts with all three Detroit automakers at once. The UAW did not immediately respond for comment Thursday regarding updates on the announcements or how many local contracts remain under negotiation.

Persons: Shawn Fain Organizations: Mopar, Center, DETROIT, United Auto Workers, Detroit automakers, UAW, Wednesday, Ford, General Motors, Detroit Locations: Center Line, Michigan, Detroit, U.S

☆ UAW, U.S. dealers increase criticism of Stellantis CEO over cuts, sales declines
▼ + stars: | 2024-09-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

David Dee Delgado | ReutersDETROIT – Stellantis ' U.S. dealer network has joined the United Auto Workers union in criticizing CEO Carlos Tavares for the company's recent sales declines, factory production cuts and other decisions they deem detrimental to the automaker's business. "The market share of your brands has been slashed nearly in half, Stellantis stock price is tumbling, plants are closing, layoffs are rampant, and key executives fleeing the company. We will continue to work with our dealers to avoid any public disputes that will delay our ability to deliver results." Stellantis reported a record profit in 2023, but so far this year, the automaker reported a first-half net profit of 5.6 billion euros ($6.07 billion), down 48% from the same period of 2023. It's part of his "Dare Forward 2030" plan to increase profits and double revenue to 300 billion euros ($325 billion) by 2030.

Persons: Carlos Tavares, David Dee Delgado, Tavares, Kevin Farrish, Farrish, Ford Stellantis, Stellantis, Shawn Fain, Kamala Harris, Tim Walz, Rebecca Cook Organizations: New York, Auto, Reuters DETROIT, United Auto Workers, Chrysler, Dodge, Investor, Bloomberg, Stellantis, GM, Fiat Chrysler, France's PSA Groupe, UAW, U.S, Democratic Locations: Manhattan , New York, U.S, Virginia, Romulus , Michigan

Ford and Mazda have issued do-not-drive warnings covering more than 457,000 vehicles that contain recalled Takata air bags. NHTSA urges owners of the vehicles to not drive them until a repair is completed and the defective air bag is replaced. Ford customers should check the automaker's recalls website to see if their vehicle is affected. Mazda customers can visit the company's recalls website for more information. To date, NHTSA says 27 people in the U.S. have been killed by a defective Takata air bag that exploded, while at least 400 people in the U.S. reportedly have been injured by them.

Organizations: Ford, Mazda, NHTSA Locations: Lincoln, U.S

☆ Chinese EV maker Zeekr says its new battery can charge faster than that of a Tesla
▼ + stars: | 2024-08-13 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Chinese electric car brand Zeekr announced new batteries on Tuesday, which it says boast the fastest charge in the world. Zeekr said that the new battery could achieve the same charge performance even in negative 10 degree Celsius (14 degrees Fahrenheit) weather in about 30 minutes. Comparatively, Elon Musk's Tesla says its supercharger allow the company's vehicles to charge up to 200 miles in 15 minutes. Chinese automaker Nio has also offered the alternative of a three-minute battery swap. The subscription service automatically changes out the battery of designated car models with a charged one at specific swap stations.

Persons: Zeekr, Elon Musk's Tesla, Nio Organizations: New York Stock Exchange, Technology Holding Locations: BEIJING, U.S

☆ Ford turns 'dirty' business into a profit driver. GM and Stellantis are taking notice
▼ + stars: | 2024-08-05 | by ( Michael Wayland | ) www.cnbc.com time to read: +10 min

Many fleet sales, especially daily rentals, have historically been viewed as a negative for auto companies. But Ford has proven that's not always the case by breaking out financial results for its "Ford Pro" fleet business. Ram, GM retoolAs Ford touts its fleet business, its closest rivals have amped up their operations. It launched "GM Envolve" last year, its overhauled fleet and commercial business focused on fleet sales, digital telematics and logistics for commercial customers. EV goalsGM Envolve includes the company's EV commercial business BrightDrop, which was folded back into the automaker last year instead of it acting as a subsidiary.

Persons: Mark Hazel, It's, Ford, Ferrari, Jim Farley, Wolfe, Joe White, Farley, BofA's John Murphy, Ram, Christine Feuell, Stellantis, Ram Ram, Ken Kayser, Sandor Piszar, Motors, Piszar, EV600 Organizations: Ford DETROIT, U.S, automakers, Ford Motor, General Motors, Chrysler, P Global Mobility, Ford, Ford Pro, Wolfe Research, North, GM, Ford Super Duty, Reuters, GM retool, CNBC, Software, Stellantis, GM Envolve, Sierra, GM Fleet, EV Locations: Dearborn , Michigan, U.S, North America, Europe, Kentucky, Louisville , Kentucky, Stellantis, Detroit

☆ Toyota first-quarter profit jumps 17% on weak yen, matches expectations
▼ + stars: | 2024-08-01 | by ( ) www.cnbc.com time to read: +1 min

A Toyota logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. Toyota Motor said on Thursday it posted a 17% rise in first-quarter operating profit, as the Japanese automaker got a boost from cost reduction efforts and a weak yen that helped offset lower sales and production volume at home. The world's top-selling automaker said operating profit for the three months through June totaled 1.3 trillion yen ($8.70 billion), matching the average of six analyst estimates compiled by LSEG. Toyota maintained its forecast of 4.3 trillion yen profit for the full year, versus a 5.3 trillion yen average of 18 analyst estimates. Toyota's share price, which was down 5.5% just before the earnings release, fell further immediately afterward and was down 8.4% at 2,702 yen by 0446 GMT.

Persons: LSEG Organizations: New York, Auto, Toyota, Lexus Locations: Manhattan , New York City, U.S, Japan, China

☆ Japan orders 'drastic reforms' after new Toyota certification violations
▼ + stars: | 2024-08-01 | by ( ) www.cnbc.com time to read: +1 min

A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. The Japanese government ordered Toyota Motor on Wednesday to make "drastic reforms" after discovering new violations in the automaker's vehicle certification procedures. In a so-called corrective order, the transport ministry said on-site inspections had uncovered widespread, intentional misconduct and irregularities in seven additional models that had not been previously disclosed. Toyota said the corrective order instructed it to "make drastic reforms to ensure appropriate certification operations." Toyota and four other vehicle makers admitted in June they had submitted either flawed or manipulated data when applying for certification of vehicles.

Organizations: Toyota Motor Corp, Toyota Motor, Toyota Locations: Tokyo, Japan

Analyst Dan Dolev also increased his price target on shares to $31 from $17, suggesting shares could gain 19% from Tuesday's close. It also cut its price target to $24 from $38, implying downside of 16.7%. To be sure, he trimmed his price target to 21 euros from 24 euros. Analyst Joseph Moore named the chipmaker a top pick, reiterating his overweight rating and $144 price target. Nvidia shares have more than doubled this year.

Persons: Morgan Stanley, Nomura, Dan Dolev, Dolev, UPST, Dole, — Hakyung Kim, Samik Chatterjee, Chatterjee, Hakyung Kim, Anindya Das, Das, Joseph Moore, Moore, Fred Imbert Organizations: CNBC, Mizuho, Holdings, underperform, JPMorgan, TAM, Nomura, America, Nvidia Locations: Mizuho, Tuesday's, North America, U.S, Europe

☆ Ford, GM, Stellantis face a daunting second half of 2024
▼ + stars: | 2024-07-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

Stock Chart Icon Stock chart icon Ford, GM and Stellantis shares"Investors who think autos can outperform on + earnings beats and buybacks should think again. GMFor GM, investors balked at pullbacks in growth businesses, waning upside during the second half of the year, and fear that the automaker's earnings power has peaked, according to Wall Street analysts. Selling more EVs is one reason that GM, which has raised its annual financial guidance twice this year, expects the second half to underperform the first. The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan. StellantisTransatlantic automaker Stellantis arguably faces the most challenging second half of the year, particularly regarding its U.S. operations.

Persons: Ram, Joe Raedle, Morgan Stanley, Adam Jonas, Jonas, Stellantis, GM's, Mary Barra, Ford, Ford doesn't, Joseph Spak, Bill Pugliano, John Lawler, Lawler, Carlos Tavares, Remo Casilli Organizations: Dodge Chrysler, Getty, DETROIT, Ford, Detroit automakers, GM, Wall Street, Analysts, Street, UBS, Ford Dearborn Plant, Ford Pro, Transatlantic, Stellantis Locations: Miami , Florida, U.S, China, Dearborn , Michigan, Atessa, Italy

☆ Thursday, July 25, 2024: Cramer wants people out of this disappointing automaker
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: 1 min

Thursday, July 25, 2024: Cramer wants people out of this disappointing automakerJim and Jeff discuss this automaker's disappointing quarter. They also discuss this aerospace stock cutting its numbers. Finally, they break down this manufacturer's positive moves.

Persons: Cramer, Jim, Jeff

☆ Ford shares, on pace for worst day since 2009, lead autos rout after disappointing earnings
▼ + stars: | 2024-07-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – Ford Motor is leading a decline in major U.S. automotive stocks this week amid disappointing results and investor skepticism around future performance. Shares of Ford were off by more than 17% in early trading Thursday – on pace for their worst decline since 2009 – after missing Wall Street's bottom-line earnings expectations due to warranty problems, a reoccurring issue with the company. Shares of General Motors and Stellantis were notably off as well after reporting their results this week. Shares of Tesla , which reported results Tuesday afternoon, were up slightly Thursday after their largest daily decline since 2020 on Wednesday. GM, down roughly 7% this week, outperformed Wall Street's expectations for the second quarter and increased its guidance for the year.

Persons: —, Stellantis —, Stellantis, Carlos Tavares Organizations: New York, DETROIT, Ford, General Motors, Tesla, — Ford, GM, NYSE Locations: Detroit

☆ Stocks making the biggest moves midday: Ford, Viking Therapeutics, ServiceNow and more
▼ + stars: | 2024-07-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +6 min

Ford posted adjusted earnings per share of 47 cents compared to the consensus forecast of 68 cents, according to LSEG. Edwards also reported second-quarter adjusted earnings of 70 cents a share, a penny above expectations, per LSEG. Honeywell — Shares moved more than 4% lower after the industrial giant's full-year outlook missed analysts' expectations. According to LSEG, analysts were expecting earnings to come in at $2.20 per share on $15.62 billion in revenue. Northrop Grumman — The defense stock climbed more than 5% after the company beat second-quarter earnings expectations.

Persons: Ford, Molina, FactSet, Edwards Lifesciences, Edwards, CJ Desai, LSEG, RTX, AbbVie, Northrop Grumman, —, Alex Harring, Yun Li, Pia Singh, Hakyung Kim, Jesse Pound Organizations: Ford, Viking Therapeutics, U.S . Army . American Airlines, American Airlines, Honeywell —, Southwest Airlines —, Southwest, Citi, Hasbro, Revenue, Machines, Business Machines, Nasdaq

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