Homepage / Investment / Stocks making the biggest moves premarket: CVX, MGM, ANTM, IBM, CREE, AMZN & more
Google and Facebook are watching our every move online. It's time to make them stop Daymond John tells shy airline passenger: You should have talked to me on the plane South Korea says it has no plans to shut down cryptocurrency trading AMD shares surge as Wall Street analysts say the chipmaker is ‘executing on all fronts’ James Altucher, the face of bitcoin, says he’s happy about Facebook’s cryptocurrency ad ban Pending home sales eke out 0.5 percent gain in December as supply shrinks to record low Uber is testing bike sharing in San Francisco The real source of the internet's problems might be the advertising business Game publisher EA's sales forecast tops estimates, sending shares higher GE will likely be dropped from the Dow, Deutsche Bank predicts Samsung surpasses Intel as world's biggest chipmaker for the first time Apple could be the best of the bunch in this tech earnings avalanche The 9-year stock rally still has 'years left,' says one of Wall Street's most bullish strategists Apple: We would never degrade the iPhone experience to get users to buy new phones Bitcoin headed for biggest monthly drop since January 2015 with nearly $60 billion of value wiped off ADP boosts forecast as new tax law spurs demand China 'will open even wider to the UK,' says Prime Minister Li Keqiang Big market swings are something you’re going to have to get used to, says Wells Fargo The dollar keeps weakening. Is that good news for the world? Apple downgraded by BMO, expects iPhone maker to slash revenue forecast this week SoftBank buys majority stake in Japanese messaging giant Line’s mobile division Rising interest rates cause a 2.6% pullback in weekly mortgage applications Trump's State of the Union address 'less hard' than first feared in Asia Trump vows to protect US intellectual property, without naming China Blockchain technology to boost Microsoft earnings, trader says Fujifilm to take over Xerox and combine it into the joint venture Fuji Xerox Samsung is making chips designed to mine cryptocurrencies like bitcoin There’s a risk of market turbulence, but it’s unlikely to hit until 2019, says Santander chairman We'll see up to a 15 percent correction in 2018, Swiss bank CEO says Japan's biggest messaging app Line is planning to launch a cryptocurrency exchange Quicksilver surfwear CEO missing at sea off the coast of France Venezuela says will pre-sell 'petro' cryptocurrency on Feb. 20 Nintendo ups its Switch sales expectations to 15 million units after profits rise 261% European markets seen mixed amid earnings and economic data The UK wants free trade with China. Beijing has its own goals Santander fourth-quarter net profit down 4 percent on US impairments The man who almost became ambassador to South Korea just warned about US plans for North Korea China's Leshi Internet flags $1.8 billion loss for 2017, citing conglomerate cash crunch South Korea says it uncovered about $600 million in cryptocurrency crimes Asia became less democratic in 2017 Al Gore's investment firm backs start-up created by Facebook co-founder Theresa May says she wants a free trade deal with China Chinese manufacturing weaker than expected in January Webpass is leaving Boston in latest sign of Google Fiber’s shrinking ambitions Samsung posts record fourth-quarter profit Asian shares look set for more declines as Wall Street sells off for a second day Don't count insurers out yet after Amazon-Berkshire-JP Morgan move Amazon's health care move could be a big win for consumer health start-ups Red Hat buys CoreOS, a start-up that sold tech developed by Google Here’s what Amazon told employees today about its landmark deal to deliver better health care Top official resigns after false missile alert in Hawaii Crazy odds: These online traders bet on the chaos of Washington and the Trump administration AMD falls despite beating Q4 estimates Facebook ban on bitcoin ads latest in very bad day for cryptocurrencies Indian man dies after being sucked into an MRI machine while carrying an oxygen cylinder Advice for Jeff Bezos, Warren Buffett and Jamie Dimon from a failed effort to control health costs Toys R Us poor holiday sales cast doubts on its future and could force renegotiation of loan terms The Apple sell-off is a buying opportunity into earnings, says trader Google partnership on mobile cloud services drives up MobileIron shares Facebook is banning all ads promoting cryptocurrencies — including bitcoin and ICOs Amazon's moves in health care over the last year are finally starting to make sense Buffett is getting a second chance to partner with Bezos after missing on Amazon as an investment How Pencils of Promise got a $1 million donation from an anonymous bitcoin multi-millionaire Amazon's home devices could be a key to cheaper health care, tech investor Roger McNamee says Two ex-Google engineers built an entirely different kind of self-driving car Cryptocurrencies join the global financial market sell-off as bitcoin drops 7% A travel agent is trying to charge fees for sunbeds Most of the tax cut windfall will boost buybacks and dividends, not workers' pockets, survey predicts The professor who wrote the book on making addictive technology is having second thoughts Trump's immigration policies are 'economic poison' that will cost taxpayers billions Airbnb trolls President Trump ahead of the State of the Union The iPhone X's $1,000 price tag scared everyone away Drop, a rewards app start-up, snags Airbnb's former head of engineering SEC halts one of the largest 'ICOs' ever as it wades deeper into the murky world of cryptocurrency offerings Passing on sanctions, Trump goes even softer on Russia than expected Buy insurers on dip as new initiative from Amazon, Berkshire and JP Morgan is ‘more bark than bite’: Analyst High schools stock up on Narcan to combat teen opioid crisis in US Apple will finally replace the fax machine in health care Apple is reportedly delaying new iOS features until next year because of quality problems Bond expert predicts a ‘wall of buying’ in Treasurys will protect the stock market Home prices surge to new high, up 6.2% in November Noted tech investor says the sector is not the best place to invest right now Sterling predicted to hit pre-Brexit vote level before the end of 2018 Stocks making the biggest moves premarket: AMZN, BRKB, JPM, AAPL, BX, TSLA & more Bitcoin boom to give AMD earnings a boost, says MKM Partners Apple shares fall again on another report of fading iPhone X demand Trump advisor Cohn: President to focus on $1.5 trillion infrastructure plan in State of the Union Why don't foreign investors take fright more often? The dollar is doing something it hasn’t done since 1987 UnitedHealth, CVS plunge on Bezos, Buffett and Dimon plan to improve U.S. health care Amazon, Berkshire and JPMorgan Chase to team in landmark new health care company Can earnings afford to slow down? 'Enemies of the USA': Russia slams America's list of oligarchs with ties to Putin The app that exposed the location of military bases with a heat map is reviewing its features For his next act, former Amex CEO Ken Chenault turns his focus on Silicon Valley Child experts: Just say ‘no’ to Facebook’s kids app Ryanair agrees to recognize British pilots union for first time Arab states are 'determined' to stick with reforms despite deepening 'frustration', IMF says The US 'oligarch list' is strikingly similar to Forbes’ richest Russians ranking Indian ride-hailing firm Ola expands to Australia to take on Uber

Investment

Stocks making the biggest moves premarket: CVX, MGM, ANTM, IBM, CREE, AMZN & more

Check out which companies are making headlines before the bell:

Chevron – The energy giant’s stock was downgraded to “market perform” from “outperform” at BMO Capital Markets after the stock reached the firm’s $120 per share price target. BMO said Chevron does have promising growth prospects but not enough to justify a widening valuation premium.

MGM Resorts – Stifel Nicolaus cut its rating on the resort operator’s stock to “hold” from “buy,” and removed it from the “Stifel Select List.” Stifel said it does not see any compelling growth catalysts over the next year that would justify the “buy” rating.

Anthem – The health insurer established a new pharmacy benefits unit known as IngenioRx, which will begin offering a suite of pharmacy benefit services beginning in 2020. CVS Health has signed a five-year contract to provide services for IngenioRx, starting in 2020.

IBM – IBM reported adjusted quarterly earnings of $3.30 per share, two cents a share above estimates. Revenue also exceeded forecasts, but IBM did report its 22nd consecutive quarter of year-over-year revenue declines. The company continues to transition to newer, higher growth businesses.

Cree – Cree earned an adjusted four cents per share for its latest quarter, matching forecasts, with the lighting product’s companies revenue also matching estimates. The stock is being pressured, however, by a lower-than-expected current-quarter outlook.

Amazon.com – Amazon said the head of Amazon Studios, Roy Price, resigned from that job following his suspension over sexual harassment allegations. He had been put on leave last week after the allegations first surfaced.

Rio Tinto – Rio Tinto and two former top executives were charged with fraud by the Securities and Exchange Commission, which accused the mining company of inflating the value of coal assets in Mozambique and concealing critical information while raising billions of dollars from investors.

AstraZeneca, Merck – The drugmakers received good news on their jointly developed ovarian cancer drug Lynparza, with the Food and Drug Administration granting priority review for use of the drug to treat breast cancer. That puts the drug on track for possible approval for the new use during the first quarter of 2018. Separately, Merck was upgraded to “buy” from “neutral” at Citi, based on increased sales forecasts for Merck’s Keytruda cancer drug.

McDonald’s – McDonald’s is reportedly the subject of a probe in South Korea, following complaints of illness following the consumption of allegedly undercooked hamburger patties. Media reports in that country say investigators have raided the McDonald’s office in Seoul in search of evidence.

ADP – Activist investor Bill Ackman’s Pershing Square continues its push for board seats at ADP, holding an event this Thursday at which Ackman and two dissident board candidates will be interviewed by a Sanford C. Bernstein analyst. The ADP board vote will take place at the annual meeting November 7.

Viacom – Viacom has struck a carriage agreement with Spectrum, the cable operator owned by Charter Communications. That will keep Viacom networks like Nickelodeon and Comedy Central on Spectrum’s systems in 16.6 million households.

JPMorgan Chase – The bank is buying payments technology company WePay for an undisclosed amount, though a source quoted by The Wall Street Journal said it was above the roughly $220 million valuation that stemmed from a 2015 fundraising round.

Verizon – Verizon will pay $17.7 million to resolve Justice Department allegations regarding its “E-rate” program, which provides subsidized broadband service to schools and libraries. Regulators had accused Verizon of invoicing the Federal Communications Commission for charges not allowed under the E-rate contract, but Verizon maintained that it was a victim of fraud by a consultant who was eventually sentenced to 37 months in prison.

Tesla – Tesla has yet another competitor for its electric vehicles, with Volvo unveiling its first high-performance electric car model in Shanghai.

Microsoft – Microsoft has added a new model to its Surface lineup, with a 15-inch laptop designed to compete with Apple’s MacBook Pro.

Ulta Beauty – The cosmetics retailer was downgraded to “neutral” from “overweight” at Piper Jaffray, which cited a survey showing a slowdown in beauty spending by teenagers. Ulta had been removed from the “Conviction Buy” list at Goldman Sachs earlier this week.

Select Comfort – Select Comfort reported quarterly profit of 62 cents per share, falling six cents a share shy of forecasts. The mattress maker’s revenue was also short of analysts’ estimates. The maker of the Sleep Number mattress line said its results were impacted by the hurricanes that occurred in August and September.

Source: Investment Cnbc
Stocks making the biggest moves premarket: CVX, MGM, ANTM, IBM, CREE, AMZN & more

Comments are closed.