In this article, we will discover the best stocks that are making the biggest moves in the pre-market despite the pandemic.
Fasten your seatbelt and start with:
The restaurant operator reported quarterly earnings of 74 cents per share, beating estimates by 3 cents a share.
However, as same-restaurant sales fell 20.6% compared to a FactSet estimate of an 18.3% decline, revenue came in below forecasts.
Darden also forecasts lower-than-expected earnings for the current quarter and raised its quarterly dividend to 37 cents per share from 30 cents a share.
It is a Dutch medical technology company. Philips (PHG) is buying U.S.-based BioTelemetry for
$72 per share in cash, or about 2.5$ billion, representing a 16.5% premium over Thursday’s
closing price. Remote cardiac monitoring and diagnostic technology are where BioTelemetry
specializes. Its shares jumped more than 16% in the premarket.
The recreational vehicle maker earned $1.69 per share for its fiscal first quarter, well above the
consensus estimate of 98 cents a share. Revenue also beat analysts’ forecasts, helped by strong consumer demand. Strong demand and interest in outdoor activities appear to be strengthening heading into 2021, said Winnebago.
It reported a quarterly profit of $4.83 per share, 82 cents a share above consensus. Revenue topped estimates as well. FedEx continues to benefit from a surge in e-commerce, the company withheld 2021 guidance citing an uncertain economic environment. FedEx shares slipped 3% in premarket trading.
The Covid-19 vaccine of Moderna received a positive recommendation from a Food and Drug Administration panel, setting it up for possible emergency use authorization by late today.
Moderna’s shares eased 1% in the premarket.
Pfizer applied for approval in Japan for its Covid-19 vaccine, which is already in use in both the United States and the U.K.
Johnson & Johnson said the first late-stage trial for its Covid-19 vaccine candidate is now fully enrolled, with 45,000 participants. J&J expects interim data on the single-dose vaccine by late
A trading surge in shares of Tesla is expected today, ahead of the electric vehicle maker’s inclusion in the S&P 500 on Monday.
BlackBerry earned 2 cents per share for its latest quarter, compared to forecasts of a 1 cent per share loss. Revenue also beat Street forecasts, despite weaker demand for BlackBerry’s cybersecurity and QNX car software. BlackBerry shares fell 2.4% in premarket trading.
Regeneron said its Covid-19 antibody cocktail effectively reduced viral load and reduced the need for medical visits, according to data from a clinical trial published in the New England Journal of Medicine. The company’s shares rose 2% in the premarket.
The U.S.-based paint and coatings maker is buying Finnish paint producer Tikkurila for about $1.35 billion, a premium of more than 66% to Tikkurila’s Thursday closing price. PPG’s shares rose 1% in premarket trading.
Steelcase reported quarterly earnings of 8 cents per share, beating the consensus estimate of 3 cents a share. The office furniture maker’s revenue came in below Street forecasts, as demand for furniture and related products remains muted due to the pandemic. Steelcase shares were down nearly 7% in premarket trading