Take a look at some of the largest moving companies on the pre-market:
McDonald & # 39; s (MCD) – McDonald & # 39; s halted the further reopening of the dine-in service in its restaurants and postponed it for three weeks due to the increase in Covid 19 cases. Restaurants in which the dining service has already resumed may continue to offer it if the local jurisdiction allows it.
Tesla (TSLA) – Tesla delivered 90,650 vehicles in the second quarter, exceeding expectations of 72,000. Regardless, Wedbush Securities raised its share price target from $ 1,000 to $ 1,250, saying its bull case could cause the stock to rise to $ 2,000. However, Wedbush's rating for the stock remains "neutral".
JetBlue (JBLU) – The airline has signed a contract with its pilot union that will avoid involuntary vacation days until May 1, 2021. This follows from a memo sent to their pilots and viewed by CNBC. The memo contained no further details.
Facebook (FB) CEO Mark Zuckerberg told employees at a video town hall meeting last week that he was reluctant to bow to the ongoing boycott of ads and said advertisers would return "early enough." Facebook told CNBC that it is making real progress to keep hate speech away from its platforms and that it does not benefit from this type of content.
American Airlines (AAL) – The airline said it was over-staffed by approximately 8,000 flight attendants and could try to reduce the workforce through voluntary vacation and early retirement.
PG&E (PCG) – PG&E left bankruptcy protection after the utility implemented a financial restructuring plan approved by a judge and California regulators.
Boeing (BA) – Boeing and the Federal Aviation Administration (FAA) have completed a number of recertification test flights for the grounded 737 Max-Jet. The FAA will now conduct a data review and has yet to approve a pilot training program and other details before the jet can be put back into service.
NIO (NIO) – The China-based electric vehicle manufacturer delivered 3,740 vehicles per month in June, exceeding previous forecasts with 10,331 vehicles delivered in the second quarter.
Spotify (SPOT) – Spotify is considering adding video streaming capabilities to its service to compete with Google's YouTube, according to a report in online tech publication "Tech The Lead".
Lemonade (LMND) – Lemonade valued its IPO at $ 29 a share, which is above the already widened range of $ 26 to $ 28 per share. The online insurance company is listed on the New York Stock Exchange today.
HollyFrontier (HFC) – CVR Refining and HollyFrontier have cut their workforce in recent weeks, according to sources who have spoken to Reuters. Refining margins at the refinery fell as a result of the coronavirus pandemic, and refining companies reduced operating costs.
Nu Skin Enterprises (NUS) – The healthcare product company increased its sales outlook for the quarter ending June due to strong demand in America and Europe. Nu Skin is expected to post profits on August 5.
DocuSign (DOCU) – RBC Capital raised its price target for the stock from $ 170 to $ 210 while maintaining the "outperform" rating. RBC sees that the company for electronic signature technology has a disproportionate share of the market for the digitization of workflows.
Novartis (NVS) – Novartis is paying more than $ 729 million to pay the US fees that the drug company paid doctors and patients to support drug sales for illegal setbacks. Novartis took responsibility for many of the allegations, saying it is now another company with a strong culture and commitment to ethics.