Stocks in focus in premarket trade on Thursday, October 22nd. Please refresh for updates.
Tesla stock rose 4.4% after the electric car maker reported strong third-quarter earnings and revenue numbers following “substantial” growth in vehicle deliveries.
Coca-Cola stock rose 2.5% after the soft drinks giant beat quarterly revenue expectations, helped by the partial reopening of theaters and restaurants shut for months by the pandemic.
Peloton stock fell 3.1% after Goldman Sachs (NYSE:GS) downgraded its investment rating on the home fitness company to “neutral” from “buy”, stating that the stock’s 458% gain since it was added to the bank’s buy list in 2019 suggests that “much of the near term opportunity is priced in.”
Whirlpool stock rose 4.2% after the appliances maker reported a near 11% rise in third-quarter profit as stay-at-home orders boosted demand for its products during the coronavirus crisis.
Amazon stock rose 0.3% after the e-commerce giant said on Thursday it has invested $100 million in opening new warehouses in Mexico, in a bid to offer faster deliveries.
Check Point Software stock rose 0.4% after the cybersecurity company reported a 6.9% rise in third-quarter profit, and said revenue grew in all key areas.
Chipotle stock fell 4.5% after the restaurant chain posted a 19% drop in quarterly profit, despite a three-fold jump in online sales; the results were hurt by higher beef prices, delivery costs and coronavirus-related expenses.
Dow stock rose 1.5% despite the materials and plastics company reporting third-quarter net loss. Adjusted profit and sales both fell less than expected.
Exxon stock rose 0.3% after the oil giant’s CEO Darren Woods outlined plans to lay off an unspecified number of employees in an email to staff, as low oil prices drive the company to cut costs.
AT&T stock rose 3.2% after the telecommunications giant beat revenue expectations, helped by stronger than expected gains in new phone subscribers.
Align stock soared 27% after the maker of Invisalign, the alternative to metal braces, posted strong earnings, helped by “an uptick in consumer engagement from new social-media influencers like Charli D’Amelio and Marsai Martin.”
Southwest Airlines stock rose 0.7% after the airline said it will burn less cash in the current quarter, after reporting a record loss of over $1 billion in the third quarter.
Kimberly-Clark stock fell 3.8% after the consumer goods company reported weaker than expected third-quarter earnings, as the pandemic hit sales of toilet tissue and other products to offices.