Advertisement
Singapore markets close in 11 minutes
  • Straits Times Index

    3,501.10
    +3.32 (+0.09%)
     
  • Nikkei

    41,190.68
    -1,033.32 (-2.45%)
     
  • Hang Seng

    18,015.94
    -277.44 (-1.52%)
     
  • FTSE 100

    8,241.76
    -11.15 (-0.14%)
     
  • Bitcoin USD

    63,119.48
    +2,818.84 (+4.67%)
     
  • CMC Crypto 200

    1,311.33
    +42.38 (+3.34%)
     
  • S&P 500

    5,615.35
    +30.81 (+0.55%)
     
  • Dow

    40,000.90
    +247.10 (+0.62%)
     
  • Nasdaq

    18,398.45
    +115.04 (+0.63%)
     
  • Gold

    2,415.10
    -5.60 (-0.23%)
     
  • Crude Oil

    82.40
    +0.19 (+0.23%)
     
  • 10-Yr Bond

    4.1890
    -0.0040 (-0.10%)
     
  • FTSE Bursa Malaysia

    1,628.39
    +9.33 (+0.58%)
     
  • Jakarta Composite Index

    7,264.37
    -63.21 (-0.86%)
     
  • PSE Index

    6,689.37
    +41.14 (+0.62%)
     

Netflix, Fox and Tesla fall premarket; Baker Hughes, Western Alliance rise

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Wednesday, April 19th. Please refresh for updates.

Morgan Stanley (NYSE:MS) stock fell 2.5% after the major lender's first-quarter profit fell as its investment banking business remained under pressure due to a prolonged slump in dealmaking. Netflix (NASDAQ:NFLX) stock fell 1.3% after the streaming giant’s guidance fell short of expectations even after the launch of its ad-supported tier, and added 1.75 million users in the first quarter, below the expected 2 million.

Fox (NASDAQ:FOX) stock fell 0.7% after the media giant settled its defamation suit by Dominion Voting Systems for $787.5 million, the largest ever settlement struck by an American media company.

ADVERTISEMENT

Tesla (NASDAQ:TSLA) stock fell 1.9% ahead of its quarterly earnings as the electric vehicle manufacturer cut prices for some of its Model Y and Model 3 electric vehicles in the United States, the sixth time it has lowered U.S. prices this year.

United Airlines (NASDAQ:UAL) stock rose 0.9% after the carrier reported better than expected first quarter results and forecast a profitable second quarter on a surge in travel demand. Baker Hughes (NASDAQ:BKR) stock rose 2.5% after the oilfield technology firm beat first quarter profit estimates, boosted by higher demand for its services from oil and natural gas producers.

Walt Disney (NYSE:DIS) stock fell 0.6% after Bloomberg reported that the mass media and entertainment company plans to start cutting thousands of jobs next week, including about 15% of the staff in its entertainment division.

Amazon (NASDAQ:AMZN) stock fell 0.8% after the e-commerce giant announced additional layoffs in its advertising unit on Tuesday, as part of its plan to rein in costs.

ExxonMobil (NYSE:XOM) stock fell 0.9% after crude prices adjusted sharply lower Wednesday. However, UBS has upgraded the oil major to ‘buy’ from ‘neutral’ ahead of its first-quarter earnings report next week, calling it the “leader of the pack”.

Western Alliance (NYSE:WAL) stock soared 21.5% after the regional lender posted stronger-than-expected earnings and said its deposits had stabilized after the March banking crisis.

Rivian Automotive (NASDAQ:RIVN) stock fell 1.7% after RBC Capital downgraded the electric vehicle manufacturer to ‘sector perform’ from ‘outperform’, seeing “limited catalysts” ahead.

Related Articles

Netflix, Fox and Tesla fall premarket; Baker Hughes, Western Alliance rise

Tesla cuts US prices for sixth time this year ahead of Q1 results

GlobalFoundries sues IBM, says trade secrets were unlawfully given to Japan's Rapidus