Check out the companies that make headlines before the alarm goes off:
Delta Airlines (DAL) – Delta jumped 2.3% in money markets after forecasting fourth-quarter profit of $200 million. Consensus forecasts predict Delta will lose quarterly, but the carrier said it is seeing strong holiday demand and it is on track to exceed pre-pandemic profits.
Voice mark (ACN) – Shares of the consulting firm jumped 6.7% in money markets after the company reported better-than-expected profit and revenue for the latest quarter and raised its earnings guidance. revenue for fiscal year 2022. Revenue grew by more than 20% across four industry groups within Accenture’s customer base.
Regeneron Pharmaceuticals (REGN) – The drugmaker’s shares fell 1% in pre-market trading after it said its antibody cocktail lapsed against the Covid-19 omicron variant. Regeneron has said that this cocktail is effective against delta variation.
Lennar (LEN) – Lennar reported quarterly earnings of $3.91 per share, below the consensus estimate of $4.15, and the homebuilder’s revenue also fell short of forecasts. Lennar was hit by the high cost of lumber as well as rising labor costs and raw material shortages, leading to delays in home deliveries. Lennar fell 6.3% in pre-market trading.
Novartis (NVS) – Novartis launched a new share buyback program worth up to $15 billion, with the drugmaker planning to complete those buybacks by the end of 2023. Shares rose 4% in the year. pre-market transactions.
Passport (V) – Visa rallied 1.1% in money markets after announcing that it added $12 billion to its share buyback program, bringing the total amount that the authority has repurchased. to $13.2 billion.
JM Smucker (SJM) – Smucker has reached an agreement to sell its natural beverages and grains businesses to private equity firm Nexus Capital Management for $110 million, with the food maker saying it wants to focus more resources on its core brands.
Intuitive surgery (ISRG) – Surgical visualization has been added to the “confirmed purchase” list at Goldman Sachs, indicating the company is awaiting the launch of a new surgical system. Shares added 1.2% in the money market.
AT&T (T) – Morgan Stanley upgraded AT&T from “weight” to “balanced,” saying the stock’s recent slide creates an attractive risk-reward profile. The company says there are several other key factors driving the upgrade, including WarnerMedia’s pending completion/Discover consolidation. AT&T was up 1.5% in pre-market trading.
Petco Health (WOOF) – Pet product sellers’ shares jumped 1.9% in the money markets after Needham started rolling out with a “buy” rating. The company thinks Petco should outperform its competitors in the pet sector, given its presence on multiple channels, including veterinary hospitals.
Shopify (SHOP) – The e-commerce platform operator saw a 2.9% increase in pre-market trading after Evercore upgraded it to “better” from “in line”. Evercore notes that the stock is about 20% below its year-to-date high and that the company represents a high-quality asset in terms of growth opportunity.
