Today's Pre-Market Stock Movers And Top Ratings: COF, AXP, BX, ABT and More
Pre-Market Stock Movers
Gapping up
(The financial stock rose slightly after the company posted better-than-expected earnings for the latest quarter. Capital One reported adjusted earnings of $3.52 per share, beating a Refinitiv estimate of $3.23 per share. However, its revenue missed expectations. Total deposits also decreased 2% at the end of the second quarter.)
$Scholastic Corp(SCHL.US$ +9.10%
(Scholastic rose 9% after beating earnings-per-share expectations and sharing it will raise its share repurchase amount by $100 million. The publisher posted $2.26 earned per share, higher than the forecast of $1.70, according to one analyst surveyed by StreetAccount. Meanwhile, revenue came in at $428.3 million, lower than the $541.8 million expected.)
$AutoNation(AN.US$ +0.52%
(Shares rose after AutoNation reported second-quarter results that beat expectations. The company beat on the top and bottom lines, reporting adjusted earnings of $6.29 per share on revenue of $6.89 billion. Analysts expected per-share earnings of $5.91 on revenues of $6.78 billion.)
Gapping down
$American Express(AXP.US$ -3.81%
(American Express slid 3% after posting smaller-than-expected revenue for the previous quarter, even as earnings per share beat expectations. The company reported second-quarter earnings of $2.89 per share on revenue of $15.05 billion. Analysts polled by Refinitiv had expected per-share earnings of $2.81 on revenue of $15.48 billion.)
(The solar company shed 2% after being downgraded by BMO to market perform from outperform. BMO cited the challenging macro backdrop for residential solar and said Sunnova’s debt issuances could weigh on the stock.)
$CSX Corp(CSX.US$ -3.20%
(CSX fell 3% after the transportation company missed revenue expectations in its second quarter. CSX reported revenue of $3.7 billion, lower than the $3.74 billion consensus estimate from Refinitiv. Earnings per share came in line with consensus at 49 cents.)
$PPG Industries(PPG.US$ -2.64%
(PPG Industries declined 2% even after reporting strong second-quarter results. The supplier of paints, coatings and other materials posted adjusted earnings of $2.25 on revenue of $4.87 billion. Analysts polled by StreetAccount expected earnings of $2.14 per share and revenue of $4.84 billion. The company also raised its current-quarter and full-year earnings guidance.)
$Intuitive Surgical(ISRG.US$ -4.12%
(Intuitive Surgical fell 4% after the health care firm reported weaker-than-expected systems revenue in its second quarter. Intuitive posted systems revenue of $392.7 million, lower than the $415.9 million StreetAccount consensus estimate. Otherwise, the company beat analysts’ expectations. It posted adjusted earnings of $1.42 per share and $1.76 billion in revenue. Analysts polled by Refinitiv forecasted earnings of $1.33 per share on $1.74 billion in revenue.)
(The transportation stock dropped more than 2% after Knight-Swift reported lower-than-expected earnings in its second quarter and issued weak guidance. Knight-Swift reported adjusted earnings of 49 cents per share and $1.55 billion in revenue. Analysts were expecting 55 cents in earnings per share and a quarterly revenue of $1.60 billion, according to Refinitiv. The company said soft demand and a modest rise in driver turnover hurt the firm.)
Source: CNBC
US Top Rating Updates on 7/21
$Live Nation Entertainment(LYV.US$ initiated at Outperform by Oppenheimer, announced target price at $110.
$Travere Therapeutic(TVTX.US$ initiated at Overweight by JP Morgan, announced target price at $26.
$Abbott Laboratories(ABT.US$ was upgraded by Wolfe Research from Underperform to Peer Perform.
$Marsh & McLennan(MMC.US$ was upgraded by BoA Securities from Underperform to Neutral, increased target price from $189 to $210.
$Blackstone(BX.US$ was downgraded by JP Morgan from Overweight to Neutral, decreased target price from $102 to $111.
$Discover Financial Services(DFS.US$ was downgraded by Piper Sandler from Overweight to Neutral, decreased target price from $130 to $112.
Source: Dow Jones
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. The content should not be relied on as advice or recommendation.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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