Today's Pre-Market Stock Movers: BBBY,LYFT,LULU,AMD and More

Movers and Shakers wrote a column · Jan 24, 2023 21:20

Gapping up

$Bed Bath & Beyond Inc (BBBY.US)$ +5.78% (The company had a dramatic start to the year, even as the retailer warns of a potential bankruptcy. Year to date, Bed Bath & Beyond shares are up 17.1%.)

$Lyft Inc (LYFT.US)$ +3.4% (The company was upgraded by KeyBanc, which Lyft should feel positive impacts from cost-saving measures including layoffs and a stabilization in demand.）

$Johnson & Johnson (JNJ.US)$ +1% (The company reported mixed quarterly financial results. Johnson & Johnson beat profit estimates by 10 cents per share, excluding items, according to Refinitiv. It also missed revenue estimates. Its full-year outlook for earnings was slightly higher than estimates while its revenue forecast was about in line with estimates.)

$Blackstone (BX.US)$ +1.3% (JPMorgan upgraded Blackstone to overweight from neutral, saying the investment management firm is a “best in class” business that's set for a soft landing.)

$Lockheed Martin (LMT.US)$ +1.52% (The company posted latest quarterly results. The defense company's revenue came in at $18.99 billion, topping a Refinitiv forecast of $18.27 billion. Lockheed's earnings per share also topped expectations.)

Gapping down

$Verizon (VZ.US)$ -1.51% (The company posted mixed results for the 2022 fourth quarter. While earnings met analyst predictions, forward earnings fell short of a Refinitiv consensus estimate.)

$Lululemon Athletica (LULU.US)$ -2.07% (Bernstein downgraded the stock, warning that a reset is coming for the apparel stock and noting the company is facing an inflection point in its growth.)

$Advanced Micro Devices (AMD.US)$ -2% (Bernstein downgraded the chipmaker to market perform from outperform. The Wall Street firm said the downgrade is due to the sliding computer and new parts demand in the inflationary environment.)

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