Skip to main content

Market Insider | Biggest Market Moves Premarket: Stocks making the biggest moves premarket: Brinker International, Tesla, Eastman Kodak

Peter Schacknow



Check out the companies making headlines before the bell:

Brinker International (EAT) – The parent of the Chili’s and Maggiano’s Little Italy restaurant chain reported an adjusted quarterly loss of 88 cents per share, smaller than the loss of $1.37 that Wall Street analysts had predicted. Revenue did come in below forecasts, but Brinker is projecting a smaller than expected loss for the current quarter, with comparable restaurant sales down in the low to mid-teens.
Tesla (TSLA) – Tesla announced a 5-for-1 stock split, saying it wanted to make its shares more accessible to employees and investors. The extra shares will be issued on August 28 to shareholders of record on August 21 and will begin trading on a split-adjusted basis on August 31.
Eastman Kodak (KODK) - CEO Jim Continenza said the company supported the government’s decision to halt a potential loan to the company, saying the deal required more work. The loan – designed to boost Kodak’s pharmaceutical business – is under scrutiny due to the granting of stock options to executives just prior to the announcement of the loan deal.
Roku (ROKU) – Roku was rated “buy” in new coverage at Deutsche Bank, which notes that the streaming video device maker is the leader in its category with a nearly 50 percent market share and said Roku has done an impressive job building out a large installed customer base.
Moderna (MRNA) – Moderna struck a more than $1.5 billion deal with the U.S. government for 100 million doses of its experimental COVID-19 vaccine. The vaccine will be provided to people free of charge, and the government will have the option to purchase an additional 400 million doses.
Red Robin Gourmet Burgers (RRGB) – Red Robin reported an adjusted quarterly loss of $3.31 per share, 4 cents wider than anticipated, with the restaurant chain’s revenue also falling below estimates. Its sales were hit by pandemic-related closings, and subsequent reopenings with limited capacity.
Overstock.com (OSTK) – Overstock announced that a new stock offering of 2.1 million shares was priced at $84.50 per share compared to Tuesday’s closing price of $92 per share. The online retailer said the money raised through the stock offering will be used for general corporate purposes.
Fluor Corp. (FLR) – Fluor said it would not be able to file its quarterly report in a timely manner without incurring unreasonable expense or effort, according to an SEC filing. The engineering and construction firm is in the process of investigating reporting in prior periods, but does expect to file its report before September 30.
Target (TGT) – The retailer’s stock was added to the “Analyst Focus” list at J.P. Morgan Securities, with the firm expecting strong first-quarter comparable sales numbers to sustain when second-quarter figures are released.
American Eagle Outfitters (AEO) – J.P. Morgan Securities upgraded the apparel retailer’s stock to “overweight” from “neutral”, saying American Eagle is mispriced on the low side given multi-year tailwinds in the casual and athletic categories.
Lazard (LAZ) – The investment advisory firm said it had $222.5 billion in assets under management as of July 31, up from $214.7 billion a month earlier.

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