Jul 21, 2026 · 8 min
Utz and GM surge while Charles Schwab and Danaher tumble
Closing Bell: Utz Soars, GM Rises, Charles Schwab Drops
This episode highlights the divergent paths of major corporate stocks, proving that beating earnings estimates is no longer enough to satisfy a highly volatile market.
- 1Utz Brands surged following a massive $2.9 billion privatization deal with Intersnack Group.
- 2General Motors raised its full-year profit guidance after beating second-quarter earnings expectations.
- 3Danaher Corp suffered its worst trading day in decades while Charles Schwab fell despite beating earnings.
Don't miss
The hosts break down Danaher Corp's historic market drop, marking its worst trading day in decades.
The brief
A massive $2.9 billion privatization deal with Intersnack Group has propelled Utz Brands to a major market surge, while General Motors rides high after beating quarterly earnings and raising its full-year profit guidance.
Even strong earnings reports could not save Charles Schwab from a market drop, while Danaher Corp suffered its worst trading day in decades, illustrating a highly selective and unforgiving corporate earnings season.
Behind individual corporate fortunes, broader macroeconomic pressures are building as short-term Treasury yields rise alongside rebounding global oil prices, shifting the outlook for inflation and interest rates.
What was said on this episode
6 statements · 4 positive · 1 negative · 1 neutral
Utz Brands’ acquisition by Intersnack is expected to close in the fourth quarter.
“Deal expected to close in the fourth quarter”
Listen at 2:04
General Motors raised its full-year profit forecast by $500 million after strong earnings.
“GM up almost 5% here at the close. This is after the company raised its full year profit Forecast by another 500 million”
Listen at 2:32
General Motors does not expect further large EV and battery write-downs.
“they don't expect further large write downs on EVs and batteries because they've all kind of written down a lot already”
Listen at 2:55
Short-term Treasury yields rose for a fourth consecutive session, up 13 basis points over the period.
“they're all short term yields up for a fourth straight session. In fact now up about 13 basis points on the two year yield over that stretch”
Listen at 5:09
Markets are repricing inflation pressures and possible Federal Reserve rate increases.
“a lot of people now start to price back in some of the inflationary pressures and I guess the potential maybe that the Fed could raise rates”
Listen at 5:16
Rising Treasury yields and Treasury selling correlate with rebounding oil prices.
“there's a pretty direct correlation here between that rise in yield to sell off in the treasury market and what we're seeing with regards to the rebound in oil prices”
Listen at 5:23
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Romaine Bostick
Treasury YieldsListen to the full episode and explore every guest, topic, and moment on PodLume.