Today's Pre-Market Stock Movers: JPM, NCLH, GM, XOM and More
Gapping up
$JPMorgan(JPM.US$+3.6%, $First Republic Bank(FRC.US$ (First Republic shares were halted during premarket trading after falling more than 45%. The move comes after JPMorgan took control of First Republic after the beleaguered bank was taken over by regulators. JPMorgan Chase added 3.6% in the premarket.)
$Norwegian Cruise(NCLH.US$ +3% (Norwegian Cruise Line Holdings beat first-quarter expectations on the top and bottom lines. The firm reported an adjusted per-share loss of 30 cents, narrower than the anticipated 41 cent loss, according to consensus estimates from Refinitiv. It posted revenue of $1.82 billion, greater than the expected $1.75 billion.)
$General Motors(GM.US$ +3%(Morgan Stanley upgraded GM to overweight from equal weight. The Wall Street firm's analyst Adam Jonas said GM's stock is oversold. The stock is down 2% year to date despite recent strong earnings.)
$SoFi Technologies(SOFI.US$ +6% (The company's quarterly results topped expectations. The student loan refinancing firm reported a loss of 5 cents per share on revenue of $460.16 million. Analysts polled by Refinitiv expected a loss per share of 7 cents on revenue of $441 million.)
$ON Semiconductor(ON.US$ +1.2% (The firm's first quarter earnings is expected to announced later Monday. Analysts polled by Refinitiv expect a profit of $1.09 per share on revenue of $1.93 billion.)
Gapping down
$Spdr Series Trust S&P Regional Bkg Etf(KRE.US$ -0.4% (Investors reacted to the failure of First Republic. That bank had a weighting of less than 0.15% in the fund as of Friday. Among other regional banks, $PacWest Bancorp(PACW.US$ was one of the biggest decliners, falling more than 5%.)
$Exxon Mobil(XOM.US$ -1.5% (Goldman Sachs downgraded the oil giant to neutral from buy, saying its multiyear run could be cooling. On Friday, the stock rose 1.3% after the company said it saw record first-quarter profit.)
Source: Dow Jones, CNBC
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WizIT : Great... Keep Posting Great Short Useful Videos like this. Voice instead of music would have made this short tutorial even great! Thanks MooMoo Team!!