See which businesses are generating news during premarket trading.
Ford — The automaker’s stock fell 2.3% as the United Auto Workers union extended its strike to include Ford’s Kentucky SUV and pickup truck plant, the company’s largest site in terms of both sales and workforce.
Target – After Bank of America changed its rating from neutral to buy, the store saw a 2.8% increase. After a recent decline, the bank stated that Target’s stock appears appealing and that the company’s margins may increase in the upcoming year.
Boots Alliance at Walgreens — After the firm failed profits predictions for the fiscal fourth quarter and as demand for Covid vaccines and tests in the US dropped below expectations, shares of the world’s largest retail drugstore plunged by over 3%. Walgreens also provided a softer earnings forecast for the entire year.
After delivering third-quarter earnings that above analyst estimates, Delta Air Lines saw its share price rise by more than 3.4%. A LSEG projection of $1.95 per share was surpassed by the company’s adjusted earnings of $2.03 per share. Strong travel demand helped to increase its bottom line by 60% from the same time last year.
Plug Power — The battery company’s shares increased 1.2% after JPMorgan highlighted possible short-term upside by adding it to its list of favourable catalysts.
First Solar: The solar panel manufacturer’s stock increased by about 4% after Barclays upgraded it to overweight, with analyst Christine Cho praising the stock’s favourable value.
Warby Parker – Following BTIG’s upgrade to “buy,” the eyewear retailer’s stock increased by about 3%. According to analyst Janine Stichter, the stock represents a “huge untapped opportunity” and the company “has the correct playbook in place.”
Domino’s Pizza – On the back of mixed third-quarter results, the pizza delivery business’s stock price fell by more than 3%. Although revenue was slightly under predictions, Domino’s earnings came in above expectations.
Coursera – The provider of online courses increased by more than 2% when BMO Capital Markets began to cover the business with an outperform recommendation. According to the company, Coursea will “continue through its flywheel model” with its “strong revenue growth.”
Source (CNBC)
