Today's Pre-Market Stock Movers: PLTR, JNJ, ALB, FDX and More
Gapping up
$Johnson & Johnson(JNJ.US$ +2.6% (The pharmaceutical giant announced Tuesday it will pay $8.9 billion over the next 25 years to settle claims that the talc in its baby powder and other products caused cancer. J&J also refiled for bankruptcy protection for its LTL Management subsidiary and said it continues to believe the claims lack merit.)
$Zions Bancorp(ZION.US$ +3.2% (Baird upgraded the regional bank stock to an outperform rating. The firm said shares are trading at attractive levels not seen since the global financial crisis.)
$Clean Energy Fuels(CLNE.US$ +3.6% (Raymond James upgraded Clean Energy Fuels to outperform and assigned it a $6 price target, suggesting shares stand to gain about 42.8% from Tuesday's close.)
$Lamb Weston(LW.US$ +1% (The company is expected to release earnings on Thursday. Bank of America included Lamb Weston in its recent list of short-term stock picks for the second quarter, saying it is optimistic the company will beat consensus earnings estimates.)
$FedEx(FDX.US$ +3.1% (FedEx announced a dividend hike and a corporate reorganization. FedEx said it will raise its dividend by 10%, consolidate its different business divisions and change its executive compensation packages.)
$Exelixis(EXEL.US$ +1% (The Wall Street Journal reported that hedge fund Farallon Capital Management is planning to wage a proxy battle at Exelixis.)
$Palantir(PLTR.US$ +6% (Palantir, Microsoft Expand Cloud Partnership To Public Sector)
Gapping down
$Albemarle(ALB.US$ -3.3% (Bank of America downgraded the chemicals manufacturing stock to underperform from neutral. The bank significantly cut its earnings forecast for Albemarle and lowered its price target to $195. The new target implies the stock could fall about 7% from Tuesday's close.)
Source: Dow Jones, CNBC
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manuelchuks : nice information