Take a look at some of the most important engines in the pre-market stage:
Ford (F) – Shares of the automaker fell 4.5% premarket after it warned quarterly profit would take a hit of about $1 billion from rising supplier costs and the parts shortage. Those factors contributed to a shortfall of finished vehicles ready to sell.
BioNTech (BNTX), Moderna (MRNA) – Vaccine makers are seeing stocks fall again this morning, after falling yesterday on President Joe Biden’s comment that the pandemic was “over”. BioNTech fell 2.4% in premarket trading, with Moderna down 2.1%.
Change Healthcare (CHNG): Shares of the health care technology company jumped 7.5% in premarket action after a federal judge ruled against the Justice Department’s antitrust challenge against the planned $13 billion acquisition of the company by UnitedHealth (UNH).
Cognex (CGNX) – Cognex shares rose 4.7% premarket after the maker of sensors and machine vision systems raised its earnings outlook for the current quarter. The move comes amid a faster-than-expected inventory recovery due to a fire at Cognex’s main contract manufacturer.
Nike (NKE) – Nike lost 2.2% in premarket trading after Barclays downgraded the stock to “equal weight” from “overweight”, noting the ongoing volatility of the athletic shoe and apparel maker. in China, as well as demand erosion in North America and elsewhere.
Western Digital (WDC) – Shares of the hard drive maker fell 1.7% premarket after Deutsche Bank downgraded to “hold” from “buy.” Deutsche Bank said the company’s earnings and revenue appear to be reaching the lower end of guidance due to deteriorating demand.
Norwegian Cruise Line (NCLH): Norwegian jumped 3% premarket after Truist Financial upgraded the stock to “buy” from “hold,” pointing to a decline in cancellations and subsequent rebookings at lower prices. low.