Check out some of the major premarket engines:
Nike (NKE): Nike reached 14 cents per share above estimates, with a quarterly profit of 90 cents per share. However, the footwear and sportswear company’s revenue was below analysts ’forecasts, and its full-year revenue forecast was also timid from estimates. Nike said U.S. revenue was affected by port-related issues that delayed shipments by up to three weeks. Shares of Nike fell 3.2% in premarket trading.
FedEx (FDX): FedEx reported quarterly earnings of $ 3.47 per share, surpassing the consensus estimate of $ 3.23 per share. Revenue also exceeded forecasts. FedEx’s average package revenue from its ground service increased 11% as it continues to benefit from the increase in pandemic-related e-commerce orders. Its shares jumped 4% in premarketing stock.
Skillz (SKLZ) – Skillz fell 7% in premarketing action after the mobile gaming company announced a public offering of 32 million shares. The offer was priced at $ 24 per share, with Skillz selling 17 million shares and some shareholders selling the rest. Skillz said he would use the revenue for general corporate purposes.
AstraZeneca (AZN) – AstraZeneca’s Covid-19 vaccine received support from Canadian regulator Health Canada, which joined European countries saying the vaccine is not linked to an increase in blood clots. Countries that had temporarily stopped using the vaccine have now resumed firing.
Hartford Financial (HIG) – The financial services company said it is “carefully considering” a proposed acquisition by insurance company Chubb (CB) for $ 65 per share or more than $ 23 billion. Shares of Hartford rose 18.7% on Thursday after the news of the offer, although it is returning around 1.4% in premarket trading.
Ollie’s Bargain Outlet (OLLI): Ollie’s rate is estimated at 14 cents per share, with quarterly earnings of 97 cents per share. The discount retailer’s revenue also exceeded Wall Street forecasts. Comparable store sales jumped 8.8%, beating FactSet’s consensus forecast of a 3.2% increase. Ollie shares gained 4.6% in premarket trading.
Enphase (ENPH), SolarEdge Technologies (SEDG) – Susquehanna Financial upgraded its stock of alternative energy to “positive” from “neutral”, based on an anticipated expansion of solar installations in the coming years and the strength of two companies in the residential sector. Enphase rose 3.3% in the premarket, while SolarEdge gained 2.1%.
Ford Motor (F): Ford shares up 2.5% in premarket trading after Barclays upgraded shares to “equal weight” and raised the stock’s target price to $ 9 per share . Barclays is driven by Ford’s electric vehicle development strategy, among other factors.
Coherent (COHR): The laser technology company remains vigilant as it reflects on the competent purchase offers of Lumentum (LITE) and II-VI (IIVI). Coherent first signed an agreement that Lumentum acquired in January, but has since received eight bids and revised bids.
Molson Coors (TAP) – Brewery shares fell 2.3% in pre-market shares after Deutsche Bank added it to its list of “short-term selling catalysts”. Deutsche Bank said the call is based on short-term concerns, including a material impact on the first quarter results of February’s adverse weather in Texas.
Petco Health (WOOF) – The pet supplies retailer was upgraded to “buy” from “neutral” to Bank of America Securities, saying Petco’s results in the fourth quarter and 2021 exceeded its expectations. Shares jumped 2.8% in premarket trading after losing 3.8% in Thursday trading.
Hims & Hers Health (HIMS): Hims & Hers Health shares fell 3.3% in the pre-market after the telehealth company reported a net quarterly loss of $ 3.1 million, although it was lower than the $ 12.4 million loss a year earlier. However, revenues exceeded expectations and total revenues increased by 80% in 2020.
Sarepta Therapeutics (SRPT) – Drug maker shares rose 5.4% in pre-market trading after reporting optimistic results in a trial involving experimental treatment of muscular dystrophy.