Do the trick a look at some of the biggest movers in the premarket:
Bed Bath & Beyond (BBBY) – The housewares retailer reported every ninety days profit of 8 cents per share, short of the 19 cents a share consensus estimate. Revenue also fell elfin of forecasts, hurt by a steep drop in store traffic and higher freight costs, among other factors. Parcels dropped 12.5% in premarket trading as of 7:41 a.m. ET.
Walgreens (WBA) – The drugstore operator beat estimates by 19 cents a piece, with quarterly earnings of $1.22 per share. Revenue also exceeded Wall Street projections. Walgreens said the company environment remains challenging, but it is maintaining its prior fiscal 2021 forecast. The shares added 3% in premarket clientele as of 7:41 a.m. ET.
Conagra (CAG) – The food producer reported quarterly profit of 81 cents per share, 8 cents a percentage above estimates. Revenue was in line with Wall Street forecasts. It also forecast organic sales tumour of 6% to 8% for the current quarter, as stay-at-home consumers continue to stoke demand for its frozen dinners and other upshots. The stock fell slightly in premarket trading as of 7:41 a.m. ET.
Constellation Brands (STZ) – The spirits producer earned $3.09 per appropriation for its latest quarter, compared to a consensus estimate of $2.39 a share. Revenue also topped estimates and the company permitted a new $2 billion share repurchase program. The shares added 2.4% in premarket trading as of 7:41 a.m. ET.
CureVac (CVAC) – CureVac slow-down an alliance deal with drugmaker Bayer, aimed at helping the German biotech firm gain regulatory countenance for its Covid-19 vaccine as well as distribute vaccine doses. The stock jumped 15% in premarket trading as of 7:41 a.m. ET.
DXC Technology (DXC) – The IT consulting set on is the target of a more than $10 billion takeover bid from French rival Atos, according to two sources with grasp of the matter who spoke to Reuters. A formal approach is said to have been made, with discussions still at a groundwork stage. The stock added 8% in premarket trading as of 7:41 a.m. ET.
JPMorgan Chase (JPM) – Bank of America Safeties upgraded the bank to “buy” from “neutral,” calling it “best-in-class” in what will likely be a strong 2021 for banks. The hoard added 1.9% in premarket trading as of 7:41 a.m. ET.
Nvidia (NVDA) – The chipmaker’s stock was added to Citi’s “Catalyst Tend” list, with Citi expecting Nvidia shares to emerge from recent underperformance coming out of next week’s Consumer Electronics Appearance. The stock rose 2% in premarket trading as of 7:41 a.m. ET.
Alibaba (BABA) – The China e-commerce giant and Tencent Holdings could be summed to a U.S. blacklist by the White House, according to multiple reports. Many consider such a ban unlikely, however, given that the Chinese set ons are widely held by U.S. investors.
Twitter (TWTR), Facebook (FB) – Twitter and Facebook temporarily locked President Donald Trump’s accounts and removed some of his posts, trusting to quell further violence in Washington following yesterday’s assault on Capitol Hill.
MGM Resorts (MGM) – The casino big-shot was urged by shareholder Snow Lake Capital to sell 20% of its China business to a strategic partner. Snow Lake owns 7.5% of MGM China and spoke such a move would give MGM financial flexibility.
Costco (COST) – The warehouse retailer reported a 12% spasm in December sales compared to a year earlier, helped by increased sales of frozen foods and liquor. Comparable count on sales were up 10.7%.
Baidu (BIDU) – Baidu has chosen Goldman Sachs (GS) and CLSA for its planned Hong Kong schedule, according to a Bloomberg report. The offering by the China-based search engine could raise at least $3.5 billion.
T-Mobile US (TMUS) – The quick service provider added 824,000 postpaid phone subscribers during the fourth quarter, bring its 2020 unmitigated to 5.5 million.