Homepage / Investment / Stocks making the biggest moves premarket: CVX, MGM, ANTM, IBM, CREE, AMZN & more
European equities seen lower with political instability in Germany Alibaba goes offline with $2.9 billion stake in China's top grocer Most citizens support military rule in the world's largest democracy Germany's withering stability is just a local issue German coalition talks collapse Asia set to open flat as investors focus on US tax reform How to find out what Facebook knows about you Three shady — and all too common — things that digital health startups do to make money The 2018 Buick Enclave nails everything customers want from a luxury SUV Steve Jurvetson was pushed out of his firm as the lines between personal and professional crossed This 32-year-old leveraged 3.7 million Pinterest followers to remodel and furnish her tiny house European cities battle fiercely for top agencies leaving UK China pledges another three years of 'toilet revolution' to boost tourism Argentina says it may have received signals from missing sub Gerry Adams to step down in end of an era for Irish nationalism Tax reform could come before 2018, so a strategist says buy these 2 stocks Google's new headphones promise amazing translation features, but they're really bad Lebanon's Hariri arrives in Paris as Macron plays mediator China says will work with North Korea to boost ties as envoy visits Cramer Remix: Amazon is the Death Star Cramer says homegamers should stay away from the red-hot Chinese IPO market Top VC deals: Stitch Fix, flying cars and retail robots used at Wal-Mart Applied Materials CEO: 'The future of competition' is changing, and it's fueling our business Cramer's game plan: Stay focused on the individual companies Nelson Peltz will bring 'fresh perspective' to P&G: CalSTRS Tesla's biggest bull sees $60 billion in revenue by early next decade Tesla is 'going out of business,' says former GM exec Bob Lutz Start-up factory Y Combinator is no longer working with Peter Thiel Tesla Semi claims a number of 'firsts' for trucking industry Two bills currently in Congress could impact Google and Facebook ad sales Profits don't matter for investors anymore, only whether a company can beat Amazon or Netflix Scientists claim to diagnose football-related brain injury in living patients for first time VC Bill Gurley says investing in healthcare is 'extremely dangerous,' but he's doing it anyway One of tech's most successful investors says Silicon Valley's unicorns need to 'grow up' Stitch Fix CEO says there are not enough female 'decision-makers at the top' Bill Gurley: Bitcoin is an 'incredible store of value' in much of the world Uber investor Bill Gurley: My firm was 'on the right side of history' for ousting Travis Kalanick Traders betting on Deere, these other stocks ahead of earnings next week Laser weapons developers 'riding the wave' created by Tesla, other battery innovators Apple just delayed its HomePod smart speaker until next year JPMorgan broke money-laundering rules, Swiss regulator says Wal-Mart says it’s preordered five of Tesla’s new electric trucks Venezuela's falling crude oil imports are a 'huge red flag' that could shock the market Investors are fleeing junk bonds in near record numbers, a troubling signal for the stock market Stitch Fix spikes more than 20% in debut after opening at $16.90 This Amazon seller lost $400k in attack from self-proclaimed 'virus of Amazon' Tesla event did not blow all of Wall Street's minds into an alternate dimension Foot Locker shares surge the most in 40 years after earnings beat Best gifts for the Android fanatic in your life Wall Street is freaking out as EA caves again to social media outrage over its ‘Star Wars’ game Cisco CEO Robbins: We are optimistic about tax reform Why Russia might actually be better off quitting the OPEC deal North Korea rules out negotiations on nuclear weapons Square shares rise after Evercore ISI says bitcoin test is innovative, upgrades stock Buyer beware, the Cisco rally could be nothing more than a short squeeze, strategist says CEO Les Moonves: CBS may not be able to stay out of the media deal frenzy much longer US housing starts surge to one-year high; permits up Only millionaires will pay higher taxes under GOP reform plan, Mnuchin says Why the CEO behind one of the largest cryptocurrencies left AOL and Yahoo for blockchain EA scraps controversial money-making feature in new 'Star Wars' game after fan backlash … for now Putin signs decree to increase Russia's armed forces to 1.9 million GE stock is a ‘screaming buy,’ a ‘spectacular opportunity,’ strategist says Italy’s populist parties ‘have put water into their anti-EU wine,’ says former leader Trader Talk: Big changes are coming to key indices you watch every day Competition with tech and other sectors is a prime concern for banks, Deutsche Bank CEO says ECB chief Mario Draghi defends e-commerce players like Amazon US department stores are killing themselves by not innovating, Harrods chief says Saudi officials reportedly offer freedom to arrested royals — in exchange for 70% of their wealth Carillion shares collapse after UK firm issues third profit warning Draghi says ECB has not hurt banks' profits Bitcoin adds $41 billion to market cap in 6 days as it hits all-time high of $7,998 Many ICOs are fraudulent, say men behind two top bitcoin rivals Artificial intelligence will have huge impact for oil and gas, Microsoft executive says Notorious Mafia ‘boss of bosses’ Toto Riina dead at 87 Beijing opened the door to international investors, and one domestic sector may be the big winner European markets set for a mixed open ahead of Draghi speech Tesla CEO Elon Musk unveils a surprise new car: A ridiculously fast Roadster Tesla's new semi truck has a 500 mile range Tesla unveils electric semi truck, vowing to redefine trucking China minister warns against seduction of values by Western nations Defector reveals North Korea's serious parasite problem German coalition talks delayed until Friday — sources North Korea is 'on an aggressive schedule' to develop a ballistic missile submarine Asian shares expected to extend gains after US stocks rally Amazon quietly launched an app called Relay to go after truck drivers LinkedIn co-founder Reid Hoffman: Trump is 'worse than useless as a president' Cramer: Thank Wal-Mart and Cisco's CEOs for their upside earnings surprises Indian finance minister says his country is on track to grow above 7% in 2018 A company Google sold to SoftBank just released a video of a robot doing a backflip Comcast is in talks with 21st Century Fox about buying major assets, sources say BuzzFeed IPO in 2018 unlikely as sales fall way short of forecast, report says A start-up fighting pirates with satellites just raised $70 million Square Cash users can now withdraw money from any ATM with their Cash Cards Facebook is making it easier for people to create video on mobile devices MongoDB had 'tremendous uncertainty' about going public, letter reveals Stitch Fix IPO sees orders coming in under range US FCC votes to loosen media ownership rules These stocks are trading at extremes, and they could go even higher Buy red-hot robot maker Intuitive Surgical, Goldman says The best gifts for the Apple fanatic in your life

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

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