Check out the companies that make headlines before the alarm goes off:
Toyota (TM) – Toyota jumped 2.2% in pre-market trading, after announcing it would produce a record 800,000 vehicles in January. Toyota is ramping up production to make up for previously lost production due to a shortage of parts.
Viral biotechnology (VIR) – Vir biotech is holding 4.3% of the money market, putting it in position for the fifth consecutive day of gains. The drug’s maker has released additional data showing that the Covid-19 antibody therapy – developed in partnership with GlaxoSmithKline (GSK) – effective against omicron variation.
Eli Lilly (LLY) – The drugmaker raised its 2022 revenue and profit forecasts ahead of today’s meeting with the investment community, noting it’s on track to meet its goal of delivering 20 methods. new treatment for the 10-year period to 2023. Lilly has moved higher by 4.7% in the forerunner market.
RR Donnelley (CNN) – RR Donnelley has agreed to be acquired by Chatham Asset Management – the leading shareholder of the printing company – for about $897 million. Donnelley terminated a previous acquisition agreement it reached with private equity firm Atlas Holdings after determining that Chatham’s bid was an “outstanding proposition”. Shares fell 2.8% in money markets.
Domino’s Pizza (DPZ) – Domino’s fell 2.1% in pre-market trading after Barclays downgraded the stock to “lightweight” from “equivalent weight”. Barclays said solid fundamentals and Covid successes in the industry as a whole have helped Domino’s outperform during the pandemic, but noted that the frenzy for its competitors is now fading.
Regeneron Pharmaceuticals (REGN) – Regeneron was downgraded to “market performance” from “better” at Bernstein, putting Regeneron’s best-selling eye drug Eylea at risk from future biosimilars release. Regeneron fell 1.8% in currency markets.
Six flags (SIX) – The theme park operator’s shares jumped 2.2% in money markets after Goldman Sachs upgraded it to “buy” from “neutral”, noting flexible ticket prices as well as guidance from Six Flags that Goldman considers conservative.
Hostess brands (TWNK) – The maker of Twinkies and other fast food items rated “worth buying” in new coverage at Citi, says Hostess is coming out of the pandemic in a strong position with innovation. promote market share. Hostess gained 1.1% in the currency market.
United Parcel Service (UPS) – UBS names the delivery service’s stock a “top pick,” says UPS will benefit from increased consumer spending and that it has the opportunity to expand its margins by a large margin. than its rivals. UPS rose 1.1% in pre-market trading.
Material CMC (CCMP) – An advanced material supplier agreed to be acquired by a competitor Entegris (ENTG) in a cash and stock transaction. Based on Tuesday’s closing price, trading was $197.53 per CMC share, compared with CMC Tuesday’s close of $145.97. Entegris fell 3% in the currency market.
Bloomin’ Brands (BLMN) – Outback Steakhouse’s parent company jumped 5.3% in pre-market trading after Jefferies added shares to its list of “franchise picks,” saying the company is positioned to benefit. from positive structural changes in the fast food industry.
