Today's Pre-Market Stock Movers: CS, META, ADBE, BIDU and More
Gapping up
$Credit Suisse(CS.US$ +8.8% (The bank rebounded after tumbling nearly 14% on Wednesday after the bank's largest shareholder, the Saudi National Bank, said it wouldn't be investing any more money in the lender. The news sent global bank shares spinning lower.)
$Snap Inc(SNAP.US$ +4.7%, $Meta Platforms(META.US$ +1.9% (The Wall Street Journal reported the Biden administration has demanded Chinese tech company ByteDance sell the U.S. arm of popular short video service TikTok or face a potential ban.)
$Adobe(ADBE.US$ +5.4% (The company reported fiscal first-quarter earnings that topped its own guidance, as well as Wall Street estimates. The company also boosted its fiscal-year outlook.)
$Occidental Petroleum(OXY.US$ +1% (Warren Buffett's Berkshire Hathaway bought another 7.9 million shares, totaling $466.7 million.)
$UiPath(PATH.US$ +12.2% (The company's fourth-quarter results topped expectations and the company issued revenue outlooks for the fiscal first quarter and year that also beat Wall Street estimates.)
Gapping down
$First Republic Bank(FRC.US$ -28%, $Zions Bancorp(ZION.US$ -3.6%, $Comerica(CMA.US$ -1.6% (Regional banks — Regional banks continued their slide amid the fallout of Silicon Valley Bank's failure.)
$Proterra(PTRA.US$ -15.5% (The company warned that it may not have enough liquidity at the end of the fiscal first quarter.)
$Dollar General(DG.US$ -1.6% (The company released its quarterly same-store sales missed Wall Street's estimates. Same-store sales rose 5.7% in the fourth quarter, versus the 6% expected by analysts polled by Refinitiv.)
Source: Dow Jones, CNBC
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NCP8899 : If the Chinese government treated US companies the same way as the US government treated Tik Tok, what would the US government think? What would Americans think? The US government is really rampant and overbearing; there is no bottom line; it's really shameful! The Chinese government should really do something to help and appease adulterers!
Revelation 6 NCP8899: Adulterers? Could you please explain. I don’t understand the use of this word.