A Delta Airlines aircraft lands at Kingsford Smith International Airport in Sydney, Australia from Los Angeles on October 31, 2021.
James D. Morgan | Getty Images
Check out the companies making the headlines before Bell Friday:
Travel and Leisure Stocks – Airline stocks are being hit hard in the premarket by news about the new Covid-19 variant, including American (AAL), United (UAL), Southwest (LUV), Delta (DAL) and JetBlue (JBLU). Cruise stocks were also shaken: Royal Caribbean (RCL) lost 10.6%, Carnival (CCL) fell 10.5% and Norwegian (NCLH) fell 10%.
Stay-at-home stocks – Stocks that benefited from Covid-19 closings rebounded, with Zoom Video (ZM) gaining 7.8% in pre-market trading, DocuSign (DOCU) up 3%, Netflix (NFLX ) rose 2.2% and peloton (PTON.)) jumped 6.2%.
Vaccine stocks – These are up after the news about the Covid variant, with Moderna (MRNA) up 8.6% in the premarket, Pfizer (PFE) up 5.6%, BioNTech (BNTX) up 7.3% and Novavax ( NVAX) increased by 5.3%.
Merck (MRK) – The drug maker and its partner Ridgeback Biotherapeutics said their experimental Covid pill reduced the risk of death and hospitalization in high-risk patients by 30%. However, this was a lower rate of effectiveness than a previous study, and Merck was down 3% in pre-trading.
Didi Global (DIDI) – Didi has been asked by Chinese regulators to delist from the New York Stock Exchange, according to a Bloomberg report. The request to delete the ride-sharing company is due to concerns about data security. Didi lost 6.3% in the premarket campaign.
Tesla (TSLA) – Tesla will invest $ 188 million to expand manufacturing capacity at its Shanghai facility, according to state-backed Beijing Daily newspaper. Tesla lost 2.3% in the premarket.
Micron Technology (MU) – Micron and Taiwanese chipmaker United Microelectronics (UMC) have withdrawn mutual complaints about intellectual property. The two companies did not give a reason for discontinuing these cases. Micron lost 1.6% in the premarket while United Micro lost 2.3%.
Boeing (BA) – According to a report in the Canadian press, Boeing was told that its offer to sell fighter jets to Canada did not meet government requirements. The report said two other competitors, Lockheed Martin (LMT) and the Swedish Saab, met these requirements and stayed in competition. Boeing lost 6.3% in the premarket business.
Microsoft (MSFT) – Satya Nadella, Microsoft's chief executive officer, announced the sale of 839,000 shares in an SEC filing, leaving him in possession of 831,000 shares following the transaction. Microsoft lost 1% in the premarket.
Pinduoduo (PDD) – The China-based e-commerce platform operator posted a 17.7% decline in premarket prices after quarterly sales were well below analyst estimates as competition from companies like Alibaba (BABA) and JD.com (JD).