Investing.com | Oct 16, 2020 13:01
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, October 16th. Please refresh for updates.
Hertz (NYSE:HTZ) stock soared 55% after the troubled rental car company said it secured $1.65 billion in debtor-in-possession financing.
Gilead (NASDAQ:GILD) stock fell 1% after a new study by the World Health Organisation found that the company’s remdesivir drug had little impact on patients already hospitalised with Covid-19.
Pfizer (NYSE:PFE) stock rose 1.8% after the pharma giant said it could apply for U.S. emergency use of its Covid-19 vaccine candidate as soon as a safety milestone is achieved in the third week of November.
JB Hunt (NASDAQ:JBHT) stock fell 7.3% after the trucking company missed profit expectations, although revenue rose above forecasts.
Intuitive Surgical (NASDAQ:ISRG) stock fell 3.5% despite the robotic surgical manufacturer offering up better-than-expected third-quarter results. The company still declined to give full-year guidance.
Ford (NYSE:F) stock rose 1.2% after the auto giant reported its sales in China rose 25% over July to September from the same period a year earlier, a jump which represents Ford's second consecutive quarterly sales increase in the world's biggest auto market following almost three years of decline.
Hewlett Packard Enterprise (NYSE:HPE) stock rose 2.9% after the tech company raised its forecast for full-year 2021, saying it now expects its earnings to come in the range of $1.56 to $1.76 per share, up 10% year-over-year at the mid-point.
Boeing (NYSE:BA) stock rose 4.1% after Europe’s aviation regulator declared the aircraft manufacturer’s 737 Max aircraft safe to fly after it was grounded in March 2019 following two accidents that left 346 people dead.
Twitter (NYSE:TWTR) stock rose 0.6% despite the social media giant reporting Thursday that its site was down for many users due to an inadvertent change it had made to its internal systems.
Schlumberger (NYSE:SLB) stock fell 1% after the oilfield services company reported weaker than expected revenue figures, hit by reduced drilling and rig activity in North America.
Caterpillar (NYSE:CAT) stock climbed 1.5% after Wells Fargo (NYSE:WFC) upgraded its investment stance on the heavy equipment maker to “overweight” from “equal weight”, expecting a substantial earnings improvement beginning in 2021.
Written By: Investing.com
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