Goldman Sachs, Bed Bath & Beyond, JetBlue and more

Here are some of the companies that are owners in premarket trading:

Goldman Sachs (GS) – Goldman shares rose more than 1% in pre-market trading after the company’s first-quarter results exceeded Wall Street expectations. The bank earned $ 18.60 per share, compared to the $ 10.22 per share expected by analysts surveyed by Refinitiv. Revenue reached $ 17.7 billion, which exceeded the projected $ 12.6 billion. JPMorgan Chase (JPM) also exceeded first-quarter top and bottom line estimates.

Bed Bath & Beyond (BBBY): Retailer shares fell 7% in the pre-market after the company said net sales during the fourth quarter fell around 16%. During the period, the company earned 40 cents per share with revenue of $ 2.62 million. Analysts surveyed by Refinitiv expected 31 cents per share and revenue of $ 2.65 billion.

JetBlue Airways (JBLU): Shares of JetBlue rose 3% after JPMorgan upgraded its shares to “overweight” from “underweight”. The firm expects the airline to continue to focus on cost controls after the pandemic and has noted that the current valuation is attractive. JPMorgan also upgraded Spirit Airlines (SAVE) to “overweight” from “underweight,” while elevating its Southwest (LUV) rating to “neutral”.

Moderna (MRNA) – Moderna shares rose more than 3% in premarketing shares after the company said new data showed its Covid vaccine is more than 90% effective six months after the second shot. The data were based on more than 900 cases of the virus.

Western (OXY): Energy company shares gained more than 2% in the pre-market after MKM Partners upgraded the shares to a “buy” rating. “OXY has depreciated by more than 20% since early March (against XOP by 15% -20%) and reflects approximately 30% of the value of the investment, which deserves an upgrade from Neutral to Buy,” said the firm in a note to customers.

Discovery (DISCA) – The media company’s Class A shares fell more than 4% after CNBC reported that Credit Suisse continues to unload its position following the outbreak of Archegos Capital Management. According to people familiar with the matter, the bank sold 19 million Class A shares of Discovery on Tuesday.

Harley-Davidson (HOG) – The shares of the motorcycle company rose more than 2% in the premarket trade after Bank of America began hedging the shares with a “buy” rating. The firm said the company’s new strategy is to “raise an iconic global brand”.

Snap (SNAP): The shares of the social media company rose more than 2% after Wedbush took over the coverage of the shares with a rating of “overrun”. The firm said in a note that Snap is “uniquely positioned” as a video-focused platform and sees opportunities around the company’s augmented reality and social commerce divisions.