Take a look at some of the most important premarket engines:
Levi Strauss (LEVI) – Levi Strauss reported a quarterly profit of 34 cents per share over the last quarter, 9 cents per share above consensus. Revenue also exceeded Wall Street forecasts with the help of a 41% increase in digital sales. The garment maker raised its revenue forecast for the first half of this year, betting on a recovery in in-store traffic as vaccines were rolled out. The company’s shares jumped 5.7% in premarket trading.
WD-40 (WDFC) – WD-40 fell 8 cents per share below estimates, with quarterly earnings of $ 1.24 per share. Lubricant manufacturer revenue was also below analysts ’forecasts. The company said supply chain problems are hurting its ability to meet customer demand and its shares fell 7.9% in the pre-market.
Boeing (BA): Boeing asked some customers to temporarily stop flying 737 Max aircraft to correct a possible electrical problem.
FuboTV (FUBO) – FuboTV won the broadcast rights to the qualifying matches for the Qatar 2022 World Cup in which the 10 teams of the South American Football Confederation participate. The terms of the agreement were not disclosed. Shares rose 6.2% in the pre-market.
Bridgetown Holdings (BTWN) – SPAC, backed by billionaire investors Peter Thiel and Richard Li, is in advanced talks to release Indonesia-based travel services company Traveloka, according to people familiar with the matter. with Bloomberg. Bridgetown shares added 3.5% in premarket trading.
Honeywell (HON) – Honeywell shares rose 1.3% in pre-market shares after Deutsche Bank updated the shares to “buy” from “hold”, noting the low performance until 2021, as well as Honeywell’s favorable exposure to the current state of the business cycle. JPMorgan Chase also named Honeywell as the “best option,” citing similar reasons.
Okta (OKTA): Okta shares rose 2.5% in premarket trading after a 7.2% gain on Thursday. This followed a meeting with analysts at which the identity management software maker reiterated its focus for the year and introduced two new products that could expand its airship market.
Amazon.com (AMZN) – Amazon workers at an Alabama warehouse appear to be on their way to rejecting unionization, with about half of the 3,200 ballots counted. So far, the count shows that workers are voting against a union by a margin of more than 2-1, although Reuters reports that some 500 ballots have already been challenged.
Southwest Airlines (LUV) – Southwest recalls more than 2,700 flight attendants on leave, in anticipation of a rise in demand for travel in the summer. This follows the withdrawal of more than 200 pilots by the airline last week.
PriceSmart (PSMT): PriceSmart reported higher quarterly earnings and sales than a year ago, even though the discount retailer’s results were below the estimates of the few analysts covering the company. PriceSmart said the pandemic continues to weigh on its business in certain markets.
Sogou (SOGO) – Chinese regulators will have to clean up the purchase of the country’s third-largest search engine by technology giant Tencent Holdings, people familiar with the matter told Reuters. Tencent plans to pay $ 3.5 billion for 60% of Sogou it does not yet own. Sogou shares jumped 6.2% in premarketing stock.
Chipotle Mexican Grill (CMG): The actions of the restaurant chain continue to be monitored after the last six consecutive sessions. Shares rose 1.6% yesterday after Wedbush analyst Nick Setyan reiterated a rating of “overcoming” data indicating that sales growth in the restaurants themselves is nearing the peak of the company’s forecasts. Chipotle shares have nearly doubled in the last twelve months.
AT&T (T) – AT&T said it would record a $ 2.8 billion non-cash gain during the first quarter related to its pension plan, as distributions exceed the threshold that would have forced it to re-measure its pension obligations.