Check out some of the most important premarket engines:
Tesla (TSLA): Tesla delivered nearly 185,000 vehicles during the first quarter, a record for the company and more than 10,000 on consensus forecasts. Shares jumped 7.6% in the pre-market.
GameStop (GME) – Video game retailer announced plans to sell up to 3.5 million shares in a “market” offering, with plans to use revenue to bolster its balance sheet and accelerate its transformation in progress. GameStop also said sales in the first nine weeks of its current quarter were up 11% from the same period a year ago. GameStop fell 15.1% in premarket trading.
Roblox (RBLX) – The shares of the video game development platform company jumped 3.5% in premarketing shares as Goldman started hedging with a “buy” rating and Morgan Stanley started hedging with a rating of “overweight”. Both companies cite solid growth prospects, with Goldman noting that Roblox is able to outsource game development costs to creators.
Royal Caribbean (RCL), Norwegian Cruise Line (NCLH), Carnival (CCL) – The Centers for Disease Control and Prevention updated its guidelines to resume navigation of U.S. cruise ships, although it did not set a specific date for resumption. Royal Caribbean gained 1.5% in the premarket, with Norway 2.5% and Carnival higher 2.2%.
Johnson & Johnson (JNJ) – J&J will take over manufacturing at a plant owned by contract manufacturer Emergent Biosolutions (EBS) after a quality control problem ruined a batch of J&J Covid-19 vaccine. The Wall Street Journal reports that to adapt to the change, production of AstraZeneca’s Covid-19 vaccine (AZN) will be relocated. Separately, J&J expanded a trial of the Covid-19 vaccine to include 12- to 17-year-olds.
Tribune Co. (TPCO) – Tribune received a $ 680 million ($ 16.50 per share) takeover bid from Choice Hotels President Stewart Bainum and Swiss billionaire Hansjorg Wyss. This exceeds a $ 635 million deal the newspaper publisher had previously agreed to with the Alden Global Capital hedge fund.
Pinterest (PINS): The image-sharing website operator is in talks to buy photo app company VSCO, according to The New York Times. A potential price for the deal could not be determined, but VSCO was recently valued at $ 550 million. Pinterest shares rose 1.6% in the premarket.
General Motors (GM), Ford Motor (F) – Wells Fargo began covering both automakers with “overweight” ratings, noting Ford’s fastest change under new CEO Jim Farley and the leadership position of GM in electric vehicles and connectivity. GM shares added 1.7% in premarketing stock, while Ford rose 1.5%.
Pioneer Natural (PXD): Pioneer Natural reached an agreement to buy private shale producer DoublePoint Energy for about $ 6.4 billion, continuing the consolidation trend in the shale industry. Pioneering stocks fell 4.4% in premarket trade.
Moderna (MRNA): Moderna received approval from the Food and Drug Administration to fill Covid-19 vaccine vials with up to 15 doses, compared to the previous 10 doses. Modern said it expects to start shipping 15-dose vials in a few weeks and that its shares will increase by 1.5% in premarket trading.
Morgan Stanley (MS) – Morgan Stanley said it would increase its dividend as soon as the Federal Reserve lifts restrictions. The Fed is scheduled to release the next round of bank stress test results in June. Morgan Stanley was up 1.4% in the premarket.
Planet Fitness (PLNT): The fitness chain plans to add up to 100 new locations next fiscal year, adding up to a current total of more than 2,100. Chief Financial Officer Tom Fitzgerald told The Wall Street Journal that the company also wants to boost investment in its app.
Lamb Weston (LW) – Shares of food service company gained 1.9% in pre-market after Bank of America Securities upgraded it to “buy” from “neutral” and raised the target price to 100 dollars per share $ 84 per share. BofA said the company is poised to approach pre-Covid business levels, with improved demand.