Today's Pre-Market Movers and Top Ratings | TSLA, UPS, KKR, IBM and More
Morning Movers
Gapping up
$Tesla (TSLA.US)$ 's stock surged 14.2% following announcements of higher-than-anticipated third-quarter profits and an expected slight increase in vehicle deliveries for the year.
$United Parcel Service (UPS.US)$ experienced a significant 8.8% boost in stock prices after surpassing third-quarter earnings and revenue forecasts.
$Northrop Grumman (NOC.US)$ 's stock appreciated by 2.6% as the company once again raised its profit outlook for 2024, spurred by increased defense spending globally in response to ongoing international conflicts.
$Hasbro (HAS.US)$ shares increased by 2.0% even though sales fell more than anticipated; effective cost management helped improve profit margins.
$KKR & Co (KKR.US)$ enjoyed a 3.2% rise in its stock after reporting a substantial increase in adjusted net income for the quarter, driven by unprecedented fee-related earnings and profitable returns from its insurance sector.
Gapping down
$Boeing (BA.US)$ 's shares dropped 2.8% after its workforce continued a strike, rejecting a revised contract offer, thus putting pressure on the new CEO's efforts to improve the company's financial health.
$IBM Corp (IBM.US)$ 's stock fell 4.1% due to a downturn in enterprise spending on non-GenAI projects, which adversely affected its consulting operations despite ongoing strength in the software division.
$Keurig Dr Pepper (KDP.US)$ 's shares slipped 2.7% following its announcement to acquire a majority stake in Ghost, an energy-drink company, for $990 million, with plans to purchase the remainder in 2028.
$Harley-Davidson (HOG.US)$ 's stock declined 2.6% after the company revised its annual revenue forecasts downward, attributing the adjustment to sustained high inflation and increased borrowing costs impacting North American sales.
Source: CNBC; Investing.com
US Top Rating Updates on 10/24
Source: TipRanks
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Chak : Tesla missed its revenue estimates even then the market is pumping, and I’ve noticed that around 4 AM EST, the day after the earring there’s often a surge in activity. Could this be because institutional investors from countries like Japan or China are buying in? Nowwhen the market opens the retailers buy then the stock will start dumping. Retail investors don’t seem excited, and they might hold off buying, leading to the stock continuing to drop. Who could be behind this kind of manipulation?
Macinator1171 : Not seeing any drop or pumping. Some is off their meds.
104476495 : h
73279472 : i
Laine Ford : very good stock to have in your stock