Homepage / Investment / Stocks making the biggest moves premarket: CVX, MGM, ANTM, IBM, CREE, AMZN & more
Google CEO Sundar Pichai said he doesn't regret firing James Damore Cramer Remix: My advice for Lloyd Blankfein on cryptocurrencies Cramer: The Amazon Prime rate bump is a clarion call to buy the stock Cramer's game plan: Watch individual stocks amid the earnings deluge Amazon just hired a top Seattle doctor from Iora to add to its health group: Sources Facebook's News Feed will now have users decide 'high quality' news through surveys Overstock mixed up bitcoin and bitcoin cash, letting customers buy items at a steep discount Prominent crypto critic calls bitcoin a ‘bubble’ and says go to Vegas if you want to gamble US stocks will likely run higher for another 11 years, Wall Street's Tom Lee says A government shutdown may not affect stocks much, but a bigger political battle brewing will Jeff Ubben's ValueAct launching fund with social goals, following similar moves by Jana, BlackRock Dow stock Boeing is up over 100% in one year, and some say the run isn't over Google CEO: You don't need to code to be successful at many jobs of the future—but you'll need this Netflix could see a huge move on earnings next week Netflix shares to surge on big international subscriber gains, analyst predicts What will Trump say at Davos? Six analysts give their predictions I tried to get my iPhone 6 battery replaced — here's what happened Jan Koum got the idea for $19 billion WhatsApp after missing too many iPhone calls at the gym Home security firm ADT drops 10% in NYSE debut Cramer: I'm fine with Amazon raising monthly Prime prices because it's still cheap Staten Island-based 'CabbageTech' charged with bitcoin-related fraud after promising 300% returns in a week Kohl's shares could pop 50% as Amazon partnership ramps up Trump's market cheerleading tweets could end up fueling a bubble New GOP tax law will boost corporate earnings at least 10%, says Merrill Lynch wealth manager Rising mortgage rates could mean even fewer homes for sale this spring Nike shares jump after analyst predicts a rally on new sneaker sales Investor 'fear of missing out' runs wild as record amount of money flows into stocks the last four weeks A crucial German vote this Sunday is seen as the key near-term driver for euro/dollar Oil price rally will not persuade OPEC to end production cuts, analyst says LA Times' Levinsohn under investigation after report on sex harassment Amazon is raising its monthly Prime membership rate There's a new venture fund founded by a former DJI and Tesla engineer and an ex-Kleiner partner Amazon and Nvidia are hiring people to cozy up to health VCs The executive in charge of Facebook’s efforts to court China has left the company 6 global trends that can derail your portfolio in 2018 Huawei executives are self-imposing a fine of nearly half a million dollars for inflated sales data Square shares pop after analyst says its similar to 'Amazon or Google in their early days' London's 'almost toxic' housing market might not give investors the returns they are looking for Hot tech stock Nvidia has even more room to run, says technical analyst Gaming giant Nvidia, after 113% gain, could surge another 23%, BofA analyst says Walmart will see a larger breakout after ‘lost’ years, Oppenheimer analyst says The bull case for Netflix ahead of earnings The UK’s foreign minister wants to build a 22-mile bridge to France Rising hedge fund stars are crushing the market, taking crown away from Einhorn, Ackman New Zealand PM set to be only the second world leader to give birth while in office The bond yield that helps price all sorts of loans just jumped to its highest level since 2014 Berlusconi has been in politics for nearly three decades. This is the secret to his popularity Indonesian leader's third cabinet reshuffle could have elections implications Who are ‘Davos Man’ and ‘Davos Woman’? European stocks seen mixed ahead of earnings, data Bitcoin could be here for 100 years but it's more likely to 'totally collapse,' Nobel laureate says China says sunken Iranian tanker may be leaking bunker fuel South Korean group files complaint against Apple CEO over iPhone slowdown What happens during a US government shutdown Bitcoin is 'something regulators need to deal with but not ban,' says former FDIC chair Cramer Remix: How I decide which retailers are not buyable Cramer's lightning round: Hormel's one of the few food stocks I like Cramer tracks 4 growing market discrepancies: Rates, Trump, cryptocurrencies and stocks Asian markets poised to open with moderate gains despite softer US lead IBM executive says blockchain 'creates a lot of value' for manufacturers, retailers Bitcoin's on a wild ride, but investors have shown it's here to stay, analyst says Cramer: I've never seen a market like this in my life Atlassian beats estimates, but its shares fall anyway Snap laid off two dozen employees and half of them were from its content team Tesla bringing Model 3 to three East Coast showrooms This start-up founder has a novel strategy for getting ahead: Telling the truth Texas Instruments' long-time CEO is stepping down after the stock rallied 57% in the past year Trump says he called and thanked Tim Cook after Apple revealed its US investment plan There's 'no evidence' Tasers reduce police use of firearms, new study shows IBM shares fall despite first growth in 23 quarters Tim Cook tells Cramer: New tax law helped pave the way for Apple’s massive investment plan Uber's Kalanick ignored warnings from execs about buying self-driving truck start-up Otto, says report Washington, DC, and Austin are shaping up as strong contenders for Amazon's new headquarters Legacy airlines are facing new competitors on transatlantic routes Here’s how cities are reacting to being finalists for Amazon HQ2 A high schooler interviewed Apple CEO Tim Cook — and he told her his secret to success Another top Silicon Valley investor slams politically correct tech culture, praises China Steve Wozniak is still on Apple's payroll four decades after co-founding the company Bank of America loses its second head of tech and media banking in less than a year Three of the finalists for Amazon's second headquarters are in or near Washington DC Wrong on GE, market-beating value investor Bill Nygren says he is sticking by tanking blue chip Apple may have just saved the GOP Bitcoin rallies more than 30% to briefly top $12,000 in latest wild swing GE shares drop to 6-year low below $17 With eye on Brexit talks, May offers France money for border security Uber ex-CEO Travis Kalanick will officially be a billionaire Thursday, as deal with SoftBank closes The French government experiments with venture capitalism The World Bank’s “ease of doing business” report faces tricky questions Our Big Mac index shows fundamentals now matter more in currency markets The threat of tough regulation in Asia sends crypto-currencies into a tailspin Innovative materials from bamboo are helping a new industry to sprout A weak market for football rights suggests a lower value for sport Why driverless cars may mean jams tomorrow Chinese tech companies plan to steal American cloud firms’ thunder Masayoshi Son may raise yet more cash to pump into tech The hedge-fund delusion that grips pension-fund managers Ignore the bad housing starts number. Builder optimism and buyer demand are high Facebook launches 30-city Community Boost program Blockchain cryptocurrency wallet launches bitcoin buy and sell in the US to challenge Coinbase An overlooked, gutsy way for investors to make huge returns

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.