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Alaska Air Group saw a 5% increase in shares after raising its third-quarter outlook due to strong summer demand. The airline now expects earnings per share to be between $2.15 and $2.25, up from previous guidance of $1.40 to $1.60. Meanwhile, Moderna’s shares fell over 6% as the company announced plans to reduce expenses by $1.1 billion by 2027 and launch 10 new products. Oxford Industries experienced a 10% drop in shares after posting second-quarter figures that missed expectations. Interpublic Group of Companies’ stock declined 2% following a UBS downgrade to sell from neutral. However, U.S. Bancorp saw a rise of over 1% after announcing a dividend increase and $5 billion stock buyback plan. Kroger’s shares were slightly up ahead of its fiscal second-quarter results. Diageo’s shares also increased by 1.4% after receiving an upgrade to buy from neutral by Bank of America.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
