LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Stocks making the biggest moves premarket: Carvana, Gap, Eli Lilly, UBS and more

Garry Wills by Garry Wills
March 8, 2024
in Business Finance
Stocks making the biggest moves premarket: Carvana, Gap, Eli Lilly, UBS and more
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Check out the companies making headlines before the bell. Carvana — Shares gained more than 5% after RBC upgraded the stock to sector perform from underperform. The firm cited a reasonable valuation and a favorable setup for unit acceleration. MongoDB — Shares fell more than 8% after the company issued disappointing first-quarter and full-year guidance Thursday. Meanwhile, MongoDB beat fourth-quarter expectations. The database software maker posted adjusted earnings of 86 cents per share on revenue of $458 million. Analysts had called for earnings of 47 cents per share and $433 million in revenue, according to LSEG. DocuSign — The stock rallied 8.4% after the company beat expectations and gave positive first-quarter guidance. DocuSign reported fourth-quarter adjusted earnings of 76 cents per share on revenue of $712 million for the period. According to analysts surveyed by LSEG, Wall Street had expected earnings of 64 cents per share on $699 million in revenue. Li Auto — U.S.-traded shares of the Chinese EV-maker gained 1.7% after Deutsche Bank initiated coverage with a buy rating on the stock and named it a top pick. Deutsche said Li Auto’s market positioning could be a catalyst for the stock. Gap — The apparel retailer’s stock jumped 8% after earnings came well above Wall Street’s forecasts for the latest quarter. Gap posted earnings per share of 49 cents on $4.3 billion in revenue, while analysts had called for earnings of 23 cents per share on $4.22 billion in revenue, according to LSEG. The company’s Old Navy brand returned to growth for the first time in more than a year. UBS — U.S.-listed shares of the Swiss bank advanced more than 4% after Morgan Stanley upgraded the stock to overweight from equal weight. Morgan Stanley said a rise in investment banking activity could boost UBS. Marvell Technology — Shares declined 6% after the company posted light first-quarter revenue guidance of $1.15 billion. Meanwhile, analysts polled by LSEG expected $1.37 billion. The data infrastructure semiconductor products supplier also reported weaker-than-expected guidance for adjusted earnings in the first quarter. Broadcom — The semiconductor stock shed 1.6% after the company reported full-year revenue guidance that came in-line with analysts’ expectations. For the fiscal first quarter, Broadcom reported adjusted earnings of $10.99 per share, while analysts polled by LSEG had expected $10.29 per share. Revenue came out at $11.96 billion, topping the consensus estimate of $11.72 billion, per LSEG. Textron — Shares rose 1.7% premarket following a Bank of America upgrade to buy from neutral. Textron offered strong revenue growth outlook and a strong balance sheet that supports buybacks, according to BofA. Samsara — Shares surged about 14% after the internet-of-things company reported strong quarterly results, and issued better-than-expected first-quarter and full-year guidance. In its fourth quarter, Samsara said it earned 4 cents per share, excluding items. Revenue of $276 million surpassed the $258 million consensus expectation, LSEG said. New York Community Bancorp — Shares of the regional bank rose 2% in premarket trading after Moody’s Ratings announced that it had changed the direction of its ratings review. NYCB’s credit rating is now under review for upgrade after securing $1 billion in financing this week. Eli Lilly — Shares slipped 1% premarket after the U.S. Food and Drug Administration delayed approving its Alzheimer’s drug, donanemab. The drug was expected to gain approval this month, and is instead expected to be further reviewed for safety and efficacy by an independent advisory committee. Costco — Shares sank 4% a day after the warehouse club reported a revenue miss for its fiscal second quarter. Revenue came in at $58.44 billion, compared with the $59.16 billion expected from analysts polled by LSEG. However, Costo’s earnings per share topped estimates. — CNBC’s Sarah Min, Michelle Fox and Jesse Pound contributed reporting.



Source link

You might also like

GoPro, Krispy Kreme join the meme party as Wall Street speculation ramps up

Stocks making the biggest moves premarket: Hasbro, Texas Instruments, Hilton, AT&T and more

Goldman Sachs and BNY join forces to transform $7.1 trillion money market industry with digital tokens

Share30Tweet19
Previous Post

Here are Friday’s biggest analyst calls: Nvidia, Apple, Netflix, Broadcom, Disney, AMD, Coinbase, GE & more

Next Post

We need to talk about Rad Power Bikes’ new e-bike batteries

Garry Wills

Garry Wills

Recommended For You

GoPro, Krispy Kreme join the meme party as Wall Street speculation ramps up
Business Finance

GoPro, Krispy Kreme join the meme party as Wall Street speculation ramps up

July 23, 2025
Stocks making the biggest moves premarket: Hasbro, Texas Instruments, Hilton, AT&T and more
Business Finance

Stocks making the biggest moves premarket: Hasbro, Texas Instruments, Hilton, AT&T and more

July 23, 2025
Goldman Sachs and BNY join forces to transform .1 trillion money market industry with digital tokens
Business Finance

Goldman Sachs and BNY join forces to transform $7.1 trillion money market industry with digital tokens

July 23, 2025
China’s tech talent are making big strides — they’re creating apps for the world
Business Finance

China’s tech talent are making big strides — they’re creating apps for the world

July 23, 2025
Next Post
We need to talk about Rad Power Bikes’ new e-bike batteries

We need to talk about Rad Power Bikes' new e-bike batteries

Related News

Here are 3 reasons to buy gold, according to UBS

Here are 3 reasons to buy gold, according to UBS

May 18, 2023
David Moyes admits West Ham miss Arsenal’s bargain £105m star Declan Rice

David Moyes admits West Ham miss Arsenal’s bargain £105m star Declan Rice

March 9, 2024
Chelsea XI vs West Ham: Predicted lineup and confirmed team news

Chelsea XI vs West Ham: Predicted lineup and confirmed team news

September 21, 2024

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?