Goldman Sachs, Bed Bath & Beyond, JetBlue and more

Here are some of the companies that make securities in premarket trading:

Goldman Sachs (GS) – Goldman shares rose more than 1% in premarket trading after the company’s first-quarter results easily exceeded Wall Street expectations. The bank earned $ 18.60 per share, compared to $ 10.22 per share expected by analysts surveyed by Refinitiv. Revenue amounted to $ 17.7 billion, which exceeded $ 12.6 billion. JPMorgan Chase (JPM) also exceeded top and bottom estimates for the first quarter.

Bed Bath & Beyond (BBBY) – The retailer’s shares fell 7% in the premarket after the company said net sales in the fourth quarter fell by about 16%. During this period, the company earned 40 cents per adjusted share, with revenues of 2.62 billion dollars. Analysts surveyed by Refinitiv expected 31 cents per share and revenue of $ 2.63 billion.

JetBlue Airways (JBLU) – JetBlue shares rose 3% after JPMorgan upgraded the stock to “overweight” from “underweight”. The company expects the airline to continue to focus on cost control following the pandemic and noted that the current assessment is attractive. JPMorgan also upgraded Spirit Airlines (SAVE) to “overweight” from “underweight”, while upgrading its Southwest (LUV) rating to “neutral”.

Moderna (MRNA) – Shares of Moderna rose more than 3% in premarket stock after the company said new data showed that the Covid vaccine was 90% more effective six months after the second shot. The data was based on more than 900 cases of the virus.

Occidental (OXY) – Energy company shares gained more than 2% in the premarket after MKM Partners updated the stock to a “buy” rating. “OXY has depreciated by more than 20% since the beginning of March (compared to XOP down 15% -20%) and reflects about 30% of the value of share capital, thus deserving an update from Neutral to Buy,” said the company in a note to customers.

Discovery (DISCA) – The media company’s Class A shares fell more than 4% after CNBC reported that Credit Suisse is still unloading its position following the Archegos Capital Management explosion. According to people familiar with the matter, the bank sold 19 million shares of Discovery Class A on Tuesday.

Harley-Davidson (HOG) – The motorcycle company’s shares rose more than 2% in premarket trading after Bank of America began hedging shares with a “buy” rating. The company said the company’s new strategy is to “build an iconic global brand.”

Snap (SNAP) – The shares of the social media company increased by more than 2% after Wedbush assumed the coverage of the action with a “higher” rating. The company said in a note that Snap is “uniquely positioned” as a video-centric platform and sees opportunities around augmented reality and the company’s social commerce divisions.

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