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Today's Pre-Market Stock Movers: SNAP, AXP, WHR, UAA and More

Movers and Shakerswrote a column10/21/2022 20:40
Gapping up
$CSX Corp(CSX.US)$ +5.2% (The company reports better-than-expected results for the third quarter, benefitting from higher shipment volumes and higher prices.)
$Veris Residential(VRE.US)$ +13.5% (The owner of New Jersey rental apartments is the object of an unsolicited takeover bid by rival Kushner Cos., according to a person familiar with the matter who spoke to the Wall Street Journal. The bid is said to be worth $16 per share, compared with yesterday’s $12.42 closing price. )
Gapping down
$American Express(AXP.US)$ -4.7% (The financial services company reported a quarterly profit of $2.47 per share, 6 cents above estimates, with revenue also topping Wall Street forecasts. American Express also raised its full-year forecast, amid a surge in customer spending, and increased the amount in reserve for potential defaults.)
$Verizon(VZ.US)$ -4.08% (Verizon earned an adjusted $1.32 for the third quarter, beating the consensus estimate by 3 cents, with revenue also better than expected. Verizon also reported a smaller number of postpaid net phone adds than expected, noting it had anticipated some negative impact from raising prices.)
$Snap Inc(SNAP.US)$ -28.2% (The company forecasting no revenue growth for the current quarter. The slowdown in the digital ad market also took down the stocks of other companies dependent on ad revenue, with $Pinterest(PINS.US)$ -7.5%, $Meta Platforms(META.US)$ -3.5%, $Alphabet-A(GOOGL.US)$ -1.7% and $Twitter (Delisted)(TWTR.US)$ -6.9%.)
$Tenet Healthcare(THC.US)$ -18% (The company issues a weaker-than-expected outlook. Tenet said it is working to recover from a cyber attack earlier this year and a Covid-19 spike among its workers.)
$InterContinental Hotels(IHG.US)$ -4.2% (Chief Financial Officer Paul Edgecliff-Johnson is leaving to join bookmaking company Flutter Entertainment.)
$Whirlpool(WHR.US)$ -4.4% (The company's profit and revenue for the latest quarter came in below Wall Street forecasts. The company also gave a weaker-than-expected outlook amid softer demand and reduced production. )
$Under Armour-A(UAA.US)$ -2.6% (Telsey Advisory Group downgraded it to market perform from outperform. Telsey is basing its call on elevated inventory levels at rivals like $Nike(NKE.US)$ and Adidas, although it noted that Under Armour’s inventories are leaner than its competitors.)
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Movers and Shakers
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  • Giovanni Ayala :

  • passionate Raccoon_5 : Staying strong even with these crazy fluctuations!!

  • OG RB passionate Raccoon_5: SPACE AGE TRADER'S ALERT,  friends and family.
    This goes Out to my haters Because without them my life wouldn't be the same.
    Now, It's obvious some of you haters haven't been following OG Reggie B. for long because if you were you'd know by now the deal going down with Wall Street and me.  I know for some of you, my claim about Wallstreet sounds over the top but it is, what it is. I used to feel like some of you too.  However, one should  know, when they're in a fight, right?  Mine has been going on with Wallstreet  Like the war in Ukraine, for more then Four years now,  go figure that.
    Most people would have threw  the tile in by now and just laid down and  quit. However I'm a true descendant of Oklahoma's Blackwall Street Massacre and driven by my  Ancestors spirits.
    However, you haters can say whatever like about me but just remember one important thing, nobody in (TQQQ) at my entry numbers of, 70, 35, 25 and recently 19, will get paid, until I get paid.  
    Why do guys think my comment gets so much attention like they do and people often highlight them because there's some truth to what I mention and if you pay attention long enough,  you'll see that it becomes self evidence too.
    Who else do any of you know, that can make this claim and Wall Street won't change until I say so man.

  • OG RB passionate Raccoon_5: Your comment was appreciated, more than you may ever know, thank you!  Sincerely, OG-Reggie B.