General Motors Rises, JetBlue Slumps, UPS Climbs on Positive Forecast
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Show Notes
On this episode of Stock Movers:
- General Motors (GM) shares rise after the company said it expects profits to grow as much as $2 billion this year and plans to return more of that to shareholders with a higher dividend and buybacks.
- JetBlue (JBLU) shares slump after the company reported a wider loss than expected last quarter, highlighting challenges in its strategy to win over higher-paying customers.
- United Parcel Service (UPS) shares climb after the company forecasted full-year sales above Wall Street’s expectations as it forges ahead with plans to cut less-profitable package volume out of its network.
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