Finance News

Shares that make the largest strikes on the pre-market: Nike, Albertsons, Amazon, Massive Heaps & extra

Take a look at some of the largest moving companies on the pre-market:

Nike (NKE) – Nike lost 51 cents a share in the last quarter, which is far from the consensus forecast of 7 cents a share. Sports shoe and apparel maker earnings were also well below expectations, which was impacted by the closure of stores related to locks.

JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), Goldman Sachs (GS), Citigroup (C) – These and other financial companies are under pressure after the Federal Reserve imposed dividend restrictions on these companies following share buyback plans pay and suspend the last round of stress tests.

Albertsons (ACI) – Albertson & # 39; s starts trading on the New York Stock Exchange after the supermarket operator's IPO was valued at less than expected $ 16 per share. The company's IPO is valued at around $ 9.3 billion.

PG&E (PCG) – PG&E raised $ 5.5 billion from the sale of shares and equity investments as the California utility prepares to exit bankruptcy protection next week. (AMZN) – Amazon will pay slightly more than $ 1 billion to buy self-driving startup Zoox, according to sources, citing sources. Independently of this, Amazon acquires the naming rights for the NHL arena in Seattle and plans to call it the "Climate Pledge Arena" in order to recognize its status as the first fully climate-neutral arena. Amazon is also the subject of positive analyst reports from Deutsche Bank, which raises earnings estimates and raises its price target to $ 3,333 per share, and SunTrust, which raised the price target to a street high of $ 3,400.

DraftKings (DKNG) – The operator of the online gambling website has been rated "Buy" by Rosenblatt Securities in relation to the new reporting. The company sees a number of catalysts, including the return of live sports and a possible acceleration of gaming legislation due to Covid-19.

Big Lots (BIG) – The discounter said he saw a continuation of the strong demand that started in mid-April. Comparable sales are now expected to increase in the second quarter mid to mid-twenties and adjusted earnings per share will be between $ 2.50 and $ 2.75. The current consensus estimate for the second quarter for big lots is 84 cents per share.

Harley-Davidson (HOG) – The motorcycle manufacturer is eliminating 140 US jobs due to production cuts. 90 jobs will be cut at Harley's York, Pennsylvania plant, while 50 jobs will be cut at its Tomahawk, Wisconsin, plant.

Office Depot (ODP) – The office supply retailer announced that a 1:10 stock split will take effect at close of trading on June 30. The shareholders approved the move at the company's annual meeting in May.

Facebook (FB) – Verizon (VZ) is the youngest and largest company to join a Facebook ad boycott in July. It supports a campaign accusing the social media giant of not doing enough to stop hate speech on its platform.

Ford (F) – The automaker presented the first redesign of its popular F-150 truck in six years. The F-150 is the best-selling vehicle in the country.

Progress Software (PRGS) – Progress Software achieved quarterly earnings of 63 cents per share, one cent per share below estimates. However, sales were above Wall Street forecasts, and the cloud software company raised its full year earnings forecast. The company plans to continue buying back shares after the buybacks have been suspended due to the Covid 19 pandemic.

Virgin Galactic (SPCE) – Virgin Galactic had a second successful spacecraft flight over southern New Mexico, with pilots flying the ship at higher speeds than during the first flight.

Related Articles