Lucid-Uber Partnership; United Forecast; GE Soars

On this episode of Stock Movers:
- GE Aerospace (GE) is getting a lift this morning after it boosted its full-year financial guidance and topped Wall Street’s profit estimates for the second quarter after rebounding demand in the aviation market softened the impact of a global trade war. GE Aerospace touted a 30% jump in revenue for its commercial business last quarter, with recent wins including its largest-ever widebody deal to sell more than 400 engines to Qatar Airways.
- United Airlines (UAL) is moving as the carrier cut its adjusted earnings per share forecast for the full year. The airline initially gave dual forecasts for 2025 EPS, seeing profits of up to $13.50 and as low as of $7, assuming a “recessionary” environment.
- Lucid Group Inc. (LCID) shares are soaring on news that Uber is teaming up with Lucid and Nuro to launch a robotaxi fleet, with plans to deploy at least 20,000 of the robotaxis over six years. Uber will purchase and operate Lucid Gravity SUVs outfitted with Nuro Driver technology on its ride-sharing network, and is making separate multi-hundred-million dollar investments in both Lucid and Nuro.

See omnystudio.com/listener for privacy information.