Premarket Trading Highlights
Delta Air Lines: Down 0.8%. A flight from Minnesota to Toronto crashed on landing. Safety concerns and potential impacts on future earnings are likely contributing to the drop.
Venture Global: Up 3.7%. The liquified natural gas provider saw positive ratings from investment firms like Goldman Sachs and Bank of America, boosting investor confidence.
Altice USA: Up 5%. An upgrade from Raymond James suggests that the broadband and video services provider’s recent operational changes are expected to yield positive results.
Tapestry: Up over 2%. Redburn Atlantic’s “buy” rating, citing continued momentum for the Coach brand, is driving the increase.
Southwest Airlines: Up 2.4%. The company’s decision to cut 15% of its corporate workforce could improve efficiency and investor perception.
Fluor: Down 5.5%. Weak fourth-quarter results and disappointing guidance are driving down the engineering company’s stock.
Medtronic: Down 2.5%. Despite exceeding earnings expectations, disappointing revenue figures led to a stock decline for the medical device maker.
Snowflake: Up almost 3%. An upgrade from Wolfe Research, coupled with positive consumption trends, suggests that the data analytics company will report solid fourth-quarter results.
Bath & Body Works: Up nearly 4%. JPMorgan’s upgrade to overweight, based on expanding operating margins and shareholder returns.
Source (CNBC)
