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Showing posts with the label Stocks making the biggest moves premarket

Stocks making the biggest moves premarket: Verizon, Cigna, Clorox, Dunkin', Yum, Wayfair & more

Peter Schacknow 4-5 minutes Check out the companies making headlines before the bell: Verizon – Verizon reported adjusted quarterly profit of $1.23 per share, 3 cents a share above estimates. Revenue came in below Wall Street forecasts, however. Verizon added a net 245,000 phone subscribers during the quarter, above the 163,000 that analysts surveyed by FactSet had been forecasting. Cigna – The insurer earned an adjusted $4.30 per share for the second quarter, beating the consensus estimate of $3.74 a share. Revenue also exceeded forecasts, with overall results getting a boost from strength in Cigna’s health-services unit. Clorox – The household products maker beat estimates by 5 cents a share, with quarterly profit of $1.88 per share. Revenue missed forecasts, however, and Clorox gave a weaker-than-expected fiscal 2020 forecast on weakness in its household segment as well as unfavorable exchange rates in certain markets. Dunk

Market Insider I Stocks making the biggest moves premarket: Caesars Entertainment, Dunkin', Spotify, Deere & more

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Fred Imbert 3-4 minutes Video slot machines at Caesars Palace in Las Vegas, Nevada. George Rose | Getty Images Check out the companies making headlines before the bell: Caesars Entertainment — The casino operator’s stock surged more than 16% in the premarket after Caesars agreed to be bought out by Eldorado Resorts for $17.3 billion in cash and stock , including debt. Dunkin’ Brands — An analyst at Wedbush upgraded Dunkin’ Brands to “outperform” from “neutral,” and raised his price target on the stock to $92 per share from $76 a share. The analyst said Dunkin’s same-store sales are at an inflection point “that is underappreciated by the Street.” Dunkin’ shares rose 1.3% to $80.55 per share. Hostess Brands — Hostess Brands was upgraded to “buy” from “neutral” by an analyst at UBS. The analyst cited accelerating sales, the acquisition of a Chicago Bakery facility and strong free cash flow growth for the upgrade. Hostess

Stocks making the biggest moves premarket: INTC, WMT, TGT, M, MAR, EXPE & more

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Peter Schacknow Check out the companies making headlines before the bell: Intel – Intel received a $185 million grant from the Israeli government in return for a $5 billion expansion of its chip making operations in Israel. Walmart , Target , Macy’s – These and other retail stocks are on watch today, following holiday shopping season numbers that were the best in six years. Mastercard reports a 5.1 percent increase in U.S. retail sales between November 1 and December 24. Marriott , Expedia – The two companies are in the final stages of talks over fees that Marriott will pay the online booking company. The Wall Street Journal reports that this negotiation is seen as key in the industry, with the world’s largest hotel company having more clout than ever following its takeover of Starwood two years ago. Amazon.com — A top Amazon executive privately advised the Trump administration on creating a new internet portal that could generate billions for Amaz

Stocks making the biggest moves premarket: TSLA, FB, AAPL, CS & more

Peter Schacknow Check out the companies making headlines before the bell: Campbell Soup – Campbell is moving closer to divesting its international business , according to Reuters. Sources say Kraft Heinz and Mondelez International have been short-listed to participate in the second round of bidding. Tesla – Tesla has cut prices for its Model 3 in China by up to 7.6 percent, with the starting price for the car now at about $72,000. Tesla has cut China prices three times in the past two months, most recently in November when it cut the cost of its Model X and Model S. CVS – CVS will be allowed to continue integration of insurer Aetna. A federal judge reviewing the already completed deal said he would not halt the process , after CVS offered to allow Aetna to continue to make critical decisions independently during the review. Netflix – Netflix will surpass Sky in U.K. subscribers by the end of the year, according to the Guardian newspaper. The paper

Stocks making the biggest moves premarket: KMX, NKE, HPE, IBM, CPB & more

Peter Schacknow Check out the companies making headlines before the bell: CarMax – The auto retailer reported quarterly profit of $1.09 per share, 9 cents a share above estimates. Revenue was short of forecasts, however, as same-store sales declined by 1.2 percent. Nike – Nike reported quarterly profit of 52 cents per share , 6 cents a share above estimates. The athletic apparel and footwear maker’s revenue also beating Wall Street forecasts amid strong worldwide demand. CEO Mark Parker told CNBC the ongoing trade dispute with China has not impacted its business in that country. Hewlett Packard Enterprise , IBM – The two companies had their computer networks breached by China-backed hackers, according to a Reuters report. The hackers reportedly then went on to gain access to the networks of HPE and IBM clients. Campbell Soup – Campbell named former Pinnacle Foods CEO Mark Clouse as its new chief executive officer . According to sources quoted by Reu

Stocks making the biggest moves premarket: WBA, BB, MO, ACN & more

Peter Schacknow Check out the companies making headlines before the bell: Walgreens Boots Alliance – Walgreens earned an adjusted $1.46 per share for its latest quarter , 3 cents a share above estimates. Revenue also came in above analysts’ forecasts and the company announced plans to cut $1 billion in costs. Separately, Walgreens announced a strategic partnership with Alphabet’ s Verily unit. The two will collaborate on multiple projects aimed at improving health care treatment and lowering the cost of care. Accenture – The consulting firm reported quarterly profit of $1.96 per share, 10 cents a share above estimates. Revenue also topped Street forecasts, boosted by improvements in digital and cloud services. BlackBerry – BlackBerry beat estimates by 3 cents a share, with adjusted quarterly profit of 5 cents per share. Revenue beat estimates, as well. An improvement in automotive services revenue was among the factors helping the bottom line. Conagr

Stocks making the biggest moves premarket: COST, ADBE, SBUX, AAPL & more

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Peter Schacknow Pedestrians carrying umbrellas walk past the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines before the bell:  Costco   – Costco reported adjusted quarterly profit of $1.61 per share, one cent shy of estimates, although revenue did beat forecasts. Costco's same-store sales were higher by 8.8 percent during the quarter, matching forecasts. Adobe Systems   – Adobe earned an adjusted $1.90 per share for its latest quarter, beating estimates by two cents, while the software maker's revenue was slightly above Street forecasts. The maker of popular software like Photoshop and Acrobat also raised its revenue forecast for the full year. Starbucks  – Starbucks shares are under pressure after its announcement that same-store sales growth would remain steady at between three to four percent annually over the long term, even as it expands delivery options and nearl

Stocks making the biggest moves premarket: KO, GE, PG, AAPL & more

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Peter Schacknow Pedestrians walk past the New York Stock Exchange before the closing bell in New York. Bryan R. Smith | AFP | Getty Images Check out the companies making headlines before the bell: Coca-Cola  – UBS downgraded the stock to “neutral” from “buy.” The firm notes Coke’s stable earnings growth, but adds that the company is in the midst of significant changes and that issues with any one of them could prompt management to back away from prior growth targets. General Electric  – JPMorgan Chase analyst Stephen Tusa upgraded GE to “neutral” from “underweight,” but kept his price target at $6 per share. Tusa said he is less negative on GE as the number of unknown factors abates. Separately, GE announced the creation of a new $1.2 billion “Internet of Things” software company, and the sale of a majority stake in cloud-software maker ServiceMax to Silver Lake Partners. Procter & Gamble  – Bank of America/Merrill Lynch upgraded

Stocks making the biggest moves premarket: VZ, MNK, AEO, MAR, NVDA & more

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Peter Schacknow Check out the companies making headlines before the bell: Verizon was downgraded to “equal-weight” from “overweight” at Morgan Stanley, which notes Verizon’s year-to-date outperformance compared to both the S&P 500 and rival AT&T . Morgan Stanley feels the stock is now fairly valued and that good news is already priced in. Mallinckrodt   – The Food and Drug Administration declined to approve a reformulated version of the British drug maker’s opioid painkiller Roxicodone. The new version was designed to deter opioid abuse. American Eagle Outfitters – American Eagle reported quarterly earnings of 48 cents per share, in line with analyst forecasts. The apparel retailer’s revenue was slightly below forecasts, as was same-store-sales growth of 8 percent. Dave & Buster’s Entertainment  – Dave & Buster’s beat estimates by six cents with quarterly profit of 30 cents per share, and the entertainment and restaurant chai

Stocks making the biggest moves premarket: DSW, F, GM, CVS, PFE & more

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Peter Schacknow Jewel Samad | AFP | Getty Images Check out the companies making headlines before the bell: DSW – The shoe retailer reported adjusted quarterly profit of 70 cents per share, above the consensus estimate of 51 cents. Revenue was also above forecasts, with comparable store sales up 7.3 percent compared to a consensus forecast of 4.6 percent. DSW also raised its full-year guidance. Ford , General Motors , Fiat Chrysler , Tesla and other auto stocks are rising this morning following a Bloomberg report that China is moving toward cutting its tariffs on US-made cars. CVS Health was rated “outperform” in new coverage at Leerink, noting the increased optimism about benefits stemming from the drug store chain’s acquisition of health insurer Aetna. Under Armour fired two marketing executives after reviewing their expenses, according to the Wall Street Journal. The paper said the athletic apparel maker conducted an internal

Stocks making the biggest moves premarket: CAT, F, GM, FCAU, QCOM & more

Peter Schacknow Check out the companies making headlines before the bell: Caterpillar – The heavy equipment maker's stock was upgraded to "buy" from "neutral" at Bank of America/Merrill Lynch, which said macroeconomic risks have receded due to both the recent less hawkish comments from Fed Chairman Jerome Powell and the weekend agreement between President Donald Trump and China's President Xi Jinping to suspend further tariffs for 90 days. Ford , General Motors , Fiat Chrysler — These and other automakers are getting a boost after President Trump said China had agreed to cut import tariffs on American-made cars. Qualcomm – The chip maker said its rejected deal to buy NXP Semiconductors will remain dead , even after the White House suggested that China could reverse itself and approve the deal following the Trump-Xi talks at G-20 over the weekend. G

Stocks making the biggest moves premarket: MAR, GS, HPQ, GME, WDAY & more

Peter Schacknow Check out the companies making headlines before the bell: Marriott – The hotel chain revealed that hackers had access to the Starwood brand guest reservation database since 2014, and could access a variety of personal data that in some cases included payment information. The breach predates Marriott's deal to buy Starwood, which was announced in 2016 and completed last year. Goldman Sachs – Goldman was downgraded to "neutral" from "buy" at Bank of America. Bank of America said although the current valuation discounts most potential negatives related to the 1MDB investigation, uncertainty may linger for a while. HP Inc. – HP reported adjusted quarterly profit of 54 cents per share, matching Street forecasts. The computer and printer maker's revenue slightly beat estimates on growth in the company's personal systems business. GameStop – GameStop reported adjusted quarterly profit of 67 cents per share, topping con

Market Insider: Stocks making the biggest moves premarket: TSLA, CBS, AAPL, BABA, AMZN I CNBC

cnbc.com Michael Sheetz Check out the companies making headlines before the bell: Tesla – The electric automaker continues to lose senior leadership, with C-suite executives Dave Morton and Gaby Toledano becoming the latest of 41 total executives who have left Tesla this year. Analysts at Baird said in a note Monday to buy Tesla stock "even with drama," as the firm "recently toured the Fremont factory and came away incremental