Today's Pre-Market Stock Movers: TSLA, PACW, FSLR, JD and More

$News Corp-B (NWS.US)$ +4% ( The media company reported an earnings and revenue beat. News Corp posted 9 cents earnings per share and $2.45 billion in revenue for the third fiscal quarter. Analysts polled by StreetAccount had estimated earnings of 5 cents per share and $2.38 billion in revenue. The company announced cost-cutting measures, which include laying off 5% of its workforce, are expected to result in $160 million in annualized savings by the end of 2023. )

$Barclays (BCS.US)$ +0.5% ( RBC said Barclays is currently trading at a“good entry point,” creating a promising opportunity for investors. U.S.-listed shares of the bank have shed about 1.5% in 2023.)

$First Solar (FSLR.US)$ +5% ( First Solar announced an acquisition of Evolar AB for up to $80 million. Evolar is a European company that develops thin film used in solar panels.)

$Pearson (PSO.US)$ +1.1% ( Morgan Stanley upgraded Pearson shares to overweight from equal weight, citing potential value-creation from generative AI. Shares have declined 10.2% year to date.)

$PacWest Bancorp (PACW.US)$ +2.4% ( Stock tumbled 22.7% in the previous session on deposit outflows. Other regional banks followed suit, with Western Alliance up about 2% and Comerica up 1%.）

$JD.com (JD.US)$ -1.4%（ The company' searnings and revenue came above analysts’ estimates, according to Refinitv data. Meanwhile, it announced its current CEO Xu Lei, who has been the leader of the company for about one year, would step down in June.）

$Fox Corp-B (FOX.US)$ -2.4%（ Wells Fargo downgraded shares to equal weight from overweight, citing challenges related to demand for linear TV and the costs for sports rights. On Tuesday, the company reported a net loss for the third fiscal quarter due to costs related to Fox News'settlement with Dominion Voting Systems.）