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Stanley Black & Decker, Southwest Airlines, Harley-Davidson and more

Take a look at some of the biggest pre-market movers:

Spirit Airlines (SAVE) – Spirit shares rose 3.9% in premarket trading after agreeing to be acquired by JetBlue (JBLU) for $33.50 per share in cash. This follows yesterday’s shareholders’ rejection of Spirit’s previous deal to merge with Frontier Airlines’ parent company, Frontier Group (ULCC). Frontier shares added 1.2% while JetBlue shares were little changed.

Stanley Black & Decker (SWK) – The toolmaker’s stock fell 12.3% pre-market after quarterly results missed analysts’ estimates of higher and lower results, and the company reduced its forecast for the full year. Stanley Black & Decker said the demand slowdown accelerated in the latter part of the quarter, although it expects demand to normalize.

Solar stocks – Stocks of solar companies surged into the pre-market after Democratic Sen. Joe Manchin agreed to back a bill that would grant a variety of clean energy incentives. Sunrun (RUN) jumped 11.2%, Sunnova (NOVA) 12.9%, First Solar (FSLR) 9.9% and SunPower (SPWR) 11.9%.

Comcast (CMCSA) – Comcast fell 5.7% in premarket trading despite higher and lower estimates for the second quarter. Parent company NBCUniversal saw no growth in broadband subscribers, which it attributed to strong pandemic registrations attracting new business from coming quarters.

Southwest Airlines (LUV) – The airline reported better-than-expected second-quarter earnings and revenue, and said demand remained strong. The stock fell 6.1% pre-market, however, after posting a mixed forecast and an expectation of continued cost increases.

Harley-Davidson (HOG) – Shares of the motorcycle maker jumped 5% in the pre-market after reporting better-than-expected second-quarter earnings and revenue. Harley also reaffirmed its earlier full-year guidance despite a two-week production hiatus during the quarter due to a supplier issue.

Meta Platforms (META) – Meta shares fell 4.2% in the pre-market after parent company Facebook and Instagram reported lower-than-expected second-quarter earnings and revenue. Meta’s revenue drop was the first in its history, amid a pullback in digital advertising.

Ford (F) – Ford rose 6.3% in premarket trading, beating second-quarter profit and revenue estimates. Ford gained 68 cents per share, against a consensus estimate of 45 cents per share, as the automaker had more cars to sell with prices remaining high.

Qualcomm (QCOM) – Qualcomm shares sank in premarket action despite a higher and lower pace for the chipmaker. Qualcomm cut its forecast for smartphone shipments and issued a weaker-than-expected outlook for the current quarter.

Best Buy (BBY) – Best Buy lost 3.8% in premarket after the electronics retailer cut its full-year sales and profit forecast. Best Buy said demand for consumer electronics is slowing due to rising food and fuel prices.

Etsy (ETSY) – Shares of Etsy rose 9.1% in premarket trading after the online marketplace operator reported better-than-expected quarterly sales and profits. Etsy was helped by an increase in listing sales as well as higher transaction fees.

Teladoc Health (TDOC) – The telehealth company’s stock fell 25.3% in premarket stock as it posted a bigger-than-expected quarterly loss on a $3 billion impairment charge .

Stanley Black & Decker, Southwest Airlines, Harley-Davidson and more

Source link Stanley Black & Decker, Southwest Airlines, Harley-Davidson and more

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