Skip to main content

Market Insider | Biggest Moves Premarket: Stocks making the biggest moves premarket: Roku, Boeing, Navistar, Guess, Netflix & more

Peter Schacknow



Check out the companies making headlines before the bell:

Navistar (NAV) – The truck maker earned $1.02 per share for its fiscal fourth quarter, 6 cents a share above estimates. Its revenue came in below Wall Street forecasts, however, hurt by lower industry demand and supplier production constraints during the prior quarter.
Goldman Sachs (GS) – Wells Fargo Securities analyst Mike Mayo increased his price target on Goldman to $280 per share from $240 a share. Mayo notes an improved outlook after a year of transition including new management, and earnings estimates that are above the Street's consensus.
Boeing (BA) – Boeing will suspend production of its grounded 737 Max jet in January, after continuing delays in obtaining the necessary approvals to return the jet to service. Boeing said it would reassign workers and does not expect to furloughs or layoffs. The news could also hit shares of Boeing suppliers like Spirit AeroSystems (SPR) and General Electric (GE).
Roku (ROKU) – Roku Chief Financial Officer Steve Louden will step down from that position. The maker of streaming video devices said Louden would remain until a successor is named.
Bed Bath & Beyond (BBBY) – The home goods retailer is replacing six senior executives, with new CEO Mark Tritton saying the move would streamline the company's decision making.
Fiat Chrysler (FCAU) – The boards of Fiat Chrysler and Peugeot parent PSA Groupe are expected to meet today to talk about finalizing an agreement for a planned $50 billion merger of the two automakers.
Spark Therapeutics (ONCE) – Roche's acquisition of the drugmaker is expected to be completed today, following news that the Federal Trade Commission had approved the $4.3 billion acquisition. British regulators had given their approval earlier Monday.
Micron Technology (MU) – Wedbush upgraded the chipmaker to "outperform" from "neutral," noting an improved pricing environment for memory chips.
Guess (GES) – The apparel retailer was upgraded to "outperform" from "market perform" at Cowen, which points to new emphasis by the company on profit margins and free cash flow.
Royal Bank of Scotland (RBS) – The bank's shares are under pressure, following stress tests of Britain's biggest banks. Investors are concerned that plans to double the bank's capital buffer could put 2020 share buyback plans in jeopardy.
Meet Group (MEET) – Meet Group could become a target of ProSieben, according to a Reuters report which said the German broadcaster is exploring the acquisition of the U.S.-based live streaming app developer.
Netflix (NFLX) – Netflix's Asia-Pacific business is growing at its fastest pace in three years. That's according to a Securities and Exchange Commission filing detailing growth in the streaming service's international business.
Novartis (NVS) – Novartis abandoned its experimental asthma drug fevipiprant after it failed in late-stage trials. The drugmaker had been regarding the treatment as highly promising.
AMC Entertainment (AMC) – AMC is no longer North America's largest movie theater operator after Britain's Cineworld Group – owner of the Regal chain – struck a deal to buy Canadas Cineplex for $1.65 billion.
Unilever (UL, UN) – Unilever expects sales growth to be slightly below prior targets for the current year, although the consumer products giant has reaffirmed its earnings outlook.
Groupon (GRPN) – Goldman downgraded the deals provider to "sell" from "neutral" noting negative customer trends in both North America and internationally.

Comments

Popular posts from this blog

Analysis | The Cybersecurity 202: How the shutdown could make it harder for the government to retain cybersecurity talent

By Joseph Marks 13-17 minutes THE KEY President Trump delivers an address about border security amid a partial government shutdown on Jan. 8. (Carolyn Kaster/AP) The partial government shutdown that's now in its 18th day is putting key cyber policy priorities on hold and leaving vital operations to a bare bones staff. But the far greater long-term danger may be the blow to government cyber defenders' morale, former officials warn. With the prospect of better pay and greater job security in the private sector, more government cyber operators are likely to decamp to industry, those former officials tell me, and the smartest cybersecurity graduates will look to industry rather than government to hone their skills. That’s especially dangerous, they say, considering the government’s struggle to recruit and retain skilled workers amid a nationwide shortage of cybersecurity talent. About 20 percent of staffers are furloughed at the De

Democrats call for investigation into Trump’s iPhone use after a report that China is listening:Analysis | The Daily 202 I The Washington Post.

washingtonpost.com By James Hohmann _________________________________________________________________________________ President Trump and Chinese President Xi Jinping visit the Great Hall of the People in Beijing last November. (Andrew Harnik/AP) With Breanne Deppisch and Joanie Greve THE BIG IDEA: If Democrats win the House in two weeks, it’s a safe bet that one of the oversight hearings they schedule for early next year would focus on President Trump’s use of unsecured cellphones. The matter would not likely be pursued with anywhere near the gusto that congressional Republicans investigated Hillary Clinton’s use of a private email server during her time as secretary of state. Leaders of the minority party have higher priorities . But Democratic lawmakers made clear Thursday morning that they will not ignore a New York Times report that Trump has refused to stop using iPhones in the White House, despite repeated warnings from U.S. intelligence offici

RTTNews: Morning Market Briefing.-Weekly Jobless Claims Edge Down To 444,000. May 13th 2010

Morning Market Briefing Thu May 13 09:01 2010   Commentary May 13, 2010 Stocks Poised For Lackluster Open Amid Mixed Market Sentiment - U.S. Commentary Stocks are on pace for a mixed start to Thursday's session, as a mostly upbeat jobs report continued to relieve the markets while some consternation regarding the European debt crisis remained on traders' minds. The major index futures are little changed, with the Dow futures down by 4 points. Full Article Economic News May 13, 2010 Weekly Jobless Claims Edge Down To 444,000 First-time claims for unemployment benefits showed another modest decrease in the week ended May 8th, according to a report released by the Labor Department on Thursday, although the number of claims exceeded estimates due to an upward revision to the previous week's data. Full Article May 13, 2010 Malaysia's Decade High Growth Triggers Policy Tightening Malaysia's economy grew at the fastest pace in a decade in