Today's Pre-Market Stock Movers: TSLA, JPM, SPCE, DAL and More

Movers and Shakers wrote a column · Jan 13, 2023 07:36

Gapping up

$Virgin Galactic(SPCE.US)$ +16% (The company said it was on track for a commercial launch in the second quarter of 2023.)

$Caterpillar(CAT.US)$ +1.5% (Bank of America upgraded Caterpillar to buy from neutral, saying the company has an underappreciated roadmap that can drive outperformance. )

Gapping down

$JPMorgan(JPM.US)$ -3% (The bank reported fourth-quarter earnings and revenue before the bell that topped Wall Street expectations. However, it said a mild recession is now the "central case.")

$Lockheed Martin(LMT.US)$ -3% (Goldman Sachs downgraded the defense contractor to sell from neutral and cut its price target by $56 to $332. The Wall Street firm noted that the company is vulnerable to any changes in government budgets.)

$Wells Fargo & Co(WFC.US)$ -4% (The company reported shrinking profits, weighted down by a recent settlement and the need to build-up reserves.)

$Delta Air Lines(DAL.US)$ -4.5% (The airline reported fourth quarter profit and revenue before the bell that beat expectations. Its adjusted earnings per share came in at $1.48 versus a Refinitiv estimate of $1.33.)

$American Airlines(AAL.US)$ -2% (The company gained nearly 10% on an earnings beat)

$Tesla(TSLA.US)$ -6% (It was downgraded by Guggenheim to sell from neutral over concerns with Tesla’s fourth-quarter estimates. Tesla also cut prices in the U.S. and Europe again, according to listings on the company's website Thursday night. The stock lost 65% in 2022.)

$Bank of America(BAC.US)$ -2.8% (The bank reported earnings per share of 85 cents last quarter, above the 77 cents a share expected by analysts, per Refinitiv. Revenue also beat expectations. However the bank’s net interest income fell slightly below expectations despite jumping interest rates.)

$Salesforce(CRM.US)$ -1.4% (The company was downgraded by Atlantic Equities to neutral from overweight. The Wall Street firm cited execution concerns, management exodus and slower-than-expected revenue growth.)

$Logitech International(LOGI.US)$ -5% (The keyboard and mouse maker continued to slide in the premarket, down nearly 5%. The move comes a day after Logitech lost 16% on the announcement that preliminary results showed declining sales and earnings. Deutsche Bank downgraded the shares Friday.

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more

Translate

Report

95K Views

Comment

Movers and Shakers

Moomoo Official Account

Chasing hot stocks

42KFollowers

13Following

35KVisitors