Hertz, Pfizer Rise Premarket; Gilead Falls on Remdesivir News

Hertz, Pfizer Rise Premarket; Gilead Falls on Remdesivir News

Investing.com  | Oct 16, 2020 13:01

Hertz, Pfizer Rise Premarket; Gilead Falls on Remdesivir News

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.

  • CIT Group (NYSE:CIT) stock rose 14% after it was announced that First Citizens BancShares (NASDAQ:FCNCA), up 2.2%, was set to buy CIT, creating the 19th biggest bank in the U.S. by assets.  

  • 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.


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