Stocks - Bank of America, Boeing, UPS Gain in Pre-market, JB Hunt Transport Soars
Investing.com - Stocks in focus in pre-market trade Monday:
• Bank of America (NYSE:BAC) stock gained 1.33% by 8:19 AM ET (12:19 GMT) as it reported a 43% jump in second quarter diluted earnings per share to $0.63, above expectations for $0.57.
• Boeing (NYSE:BA) stock rose 0.62% as the company announced it had won an order for 14 freight aircraft for a value of $4.7 billion on the first day of the Farnborough Airshow.
• JB Hunt Transport Services (NASDAQ:JBHT) stock soared 6.71% after reporting better-than-expected revenue and profit.
• BlackRock (NYSE:BLK)stock edged forward 0.05% as the firm reported second-quarter earnings that beat on both the top and bottom lines, but the firm’s chairman and chief executive Laurence Fink recognized an “industry-wide slowdown in flows associated with investor uncertainty in the current market environment”.
• General Electric (NYSE:GE) stock rose 0.43% as David Joyce, chief of its aviation unit, said it expects to pull in $15 billion in contracts at the Farnborough Airshow, as reported by Marketwatch.
• Keurig Dr Pepper (NYSE:KDP) rose 2.06% after Bank of America Merrill Lynch (NYSE:BAC) resumed coverage with a buy recommendation.
• United Parcel Service (NYSE:UPS) stock gained 1.12% after UBS upgraded its recommendation to buy from neutral while downgrading rival FedEx (NYSE:FDX) to neutral from buy. Shares in FedEx were off 0.61%.
• Goldman Sachs (NYSE:GS) stock advanced 0.26% as the New York Times reported that the firm would likely name its current president, David Solomon, as its next chief executive early this week.
• Lockheed Martin (NYSE:LMT) stock gained 0.79% after the Pentagon announced a “handshake deal” for the purchases of next batch of F-35 combat jets. According to The Wall Street Journal, the contract would book the bulk of 141 jets, likely to be worth more than $12 billion in the third quarter.
Related Articles
Two Firms Lift Amazon Stock Price Targets
Boeing, United announce order for four 787 dreamliners
Malaysia's Najib to refile lawsuits against top 1MDB investigators