Advertisement
Singapore markets close in 1 hour 53 minutes

  • Straits Times Index

    3,285.30
    -2.45 (-0.07%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,682.15
    +397.61 (+2.30%)
     

  • FTSE 100

    8,078.86
    0.00 (0.00%)
     

  • Bitcoin USD

    64,354.67
    +76.33 (+0.12%)
     

  • CMC Crypto 200

    1,391.06
    -5.48 (-0.39%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • Dow

    38,085.80
    -375.12 (-0.98%)
     

  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     

  • Gold

    2,353.40
    +10.90 (+0.47%)
     

  • Crude Oil

    83.95
    +0.38 (+0.45%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • FTSE Bursa Malaysia

    1,574.53
    +5.28 (+0.34%)
     

  • Jakarta Composite Index

    7,115.99
    -39.31 (-0.55%)
     

  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Walmart, Home Depot Rise Premarket; Tesla, Pfizer Fall

Investing.com
·2-min read

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, November 16th. Please refresh for updates.

Walmart (NYSE:WMT) stock rose 0.7% after the retail giant raised its annual sales and profit forecasts, expecting strong demand during the crucial holiday season.

Tesla (NASDAQ:TSLA) stock fell 1.1% after CEO Elon Musk sold more shares of the electric vehicle maker a day earlier, while JPMorgan Chase brought a $162-million lawsuit against the company alleging breach of contract over stock warrants that came due this year.

Home Depot (NYSE:HD) stock rose 0.8% after the retailer easily beat quarterly sales estimates, buoyed by a strong housing market that kept home improvement spending strong.

ADVERTISEMENT

Pfizer (NYSE:PFE) stock fell 0.9% after the drugmaker said it will allow generic manufacturers to supply its experimental antiviral Covid-19 pill to 95 low- and middle-income countries.

Microsoft (NASDAQ:MSFT) stock rose 0.2% after Credit Suisse initiated coverage of the software giant at ‘outperform’, seeing significant growth ahead and another 19% stock price gain.

Southwest Airlines (NYSE:LUV) stock fell 0.9% after Goldman Sachs downgraded its stance to ‘neutral’ from ‘buy’, citing last month’s operational problems. The influential investment bank also upgraded Allegiant Travel (NASDAQ:ALGT), up 3.1%, to ‘buy’ from ‘neutral’, after it posted higher passenger traffic in October.

AbbVie (NYSE:ABBV) stock fell 0.2% after a report mentioned the biopharmaceutical company’s Humira rheumatoid arthritis drug as the most extreme case of drugmakers hiking prices without justification in 2020.

Quantumscape (NYSE:QS) stock fell 5.6% after Morgan Stanley downgraded its stance on the lithium battery maker to ‘equal weight’ from ‘overweight’, citing potential competition.

Lucid Group (NASDAQ:LCID) stock rose 5.1% after the electric vehicle manufacturer reported more than 17,000 reservations for its Lucid Air car, up from 13,000 in the prior quarter.

Royalty Pharma (NASDAQ:RPRX) stock rose 7.9% on the back of news that Berkshire Hathaway has taken a new $475 million stake in the drug royalty purchaser.

Peloton (NASDAQ:PTON) stock fell 1% after the fitness equipment maker announced plans to sell an additional $1 billion of its shares, trying to come up with cash amid slowing momentum for its product. DraftKings (NASDAQ:DKNG) stock rose 0.9% after the gambling company's chairman bought 435,000 shares, suggesting confidence in its future.

Related Articles

Walmart, Home Depot Rise Premarket; Tesla, Pfizer Fall

Wall Street Opens Higher as Retail Sales Ooze Economic Strength; Dow up 140 Pts

3 Electric Vehicle Stocks Under $10 That Will Gain More Than 70% According to Analyst Estimates