PulteGroup Sinks; Pepsi, Delta Rise on Earnings
On this episode of Stock Movers:
- PulteGroup (PHM) sinks after a CFRA analyst downgraded the company calling it "overvalued." The rout comes during a tough week for homebuilder stocks as resident Donald Trump and Federal Housing Finance Agency Director Bill Pulte issue as series of social posts aimed at homebuilders and Fannie Mae and Freddie Mac.
- Delta (DAL) stocks flew higher as the company reported a better-than-expected earnings for the third quarter, and predicted strong demand into next year.
- Pepsi (PEP) shares rise on an earnings beat, as the CEO said the company is working to cut costs and overhaul its portfolio to meet consumers’ shifting tastes, while it engages in discussions with an activist investor
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