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2021-05-26

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Toplines Before US Market Open on Tuesday

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Additionally, Wedbush upgraded the stock to “outperform” from “neutral,” citing similar reasons.AutoZone(AZO) – The auto parts retailer reported quarterly profit of $26.48 per share, beating the consensus estimate of $20.14 a share. Revenue also came in above estimates. Comparable-store sales surged 28.9%, well above the consensus FactSet estimate of 17.1%. AutoZone’s gross margins dropped, however, due in part to an acceleration of the company’s commercial business. AutoZone added 1.1% in premarket trading.Amazon(AMZN) – Amazon could announcea deal to buy MGM Studiosas soon as this week, according to a person familiar with the matter who spoke to CNBC. The projected price of up to $9 billion would make this Amazon’s largest acquisition since it bought Whole Foods in 2017 for $13.7 billion.AstraZeneca(AZN) – AstraZeneca’s $39 billion takeover of U.S. drugmakerAlexion Pharmaceuticals(ALXN) is the subject of a probe by British competition regulators, who want to determine if the deal will reduce competition in the U.K. and elsewhere.United Airlines(UAL) – United said in a Securities and Exchange Commission filing that ticketed yields have accelerated during the second quarter ahead of its prior projections. It now sees the key metric of revenue per available seat mile falling about 12% this quarter compared to its prior estimate of a 20% drop.Live Nation Entertainment(LYV) – Live Nation President Joe Berchtold told CNBC’s “Closing Bell” that concert venue bookings are rebounding, and that it is expecting a better year in 2022 than it had in 2019. Shares added 1% in premarket action.IAC/Interactive(IAC) – IAC shares jumped 5.3% in premarket trading ahead of today’s spinoff of Vimeo to IAC shareholders. Vimeo will begin trading on the Nasdaq today, with the producer of video tools valued at roughly $10 billion.Petco(WOOF) – The pet products retailer announced a secondary stock offering of 22 million shares, with the selling stockholder granting underwriters the option to purchase another 3.3 million shares within 30 days. Petco will not receive any proceeds from the offering. The stock fell 1.1% in the premarket.Alaska Air(ALK) – Alaska Air boosted its cash flow outlook for the current quarter, saying it now expects positive cash flow of $550 million to $650 million compared to a prior projection of $450 million to $550 million. The airline cites improved travel demand as well as better-than-expected affinity card inflows. Alaska Air shares fell 2.8% in premarket trading.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Tuesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; 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Additionally, Wedbush upgraded the stock to “outperform” from “neutral,” citing similar reasons.AutoZone(AZO) – The auto parts retailer reported quarterly profit of $26.48 per share, beating the consensus estimate of $20.14 a share. Revenue also came in above estimates. Comparable-store sales surged 28.9%, well above the consensus FactSet estimate of 17.1%. AutoZone’s gross margins dropped, however, due in part to an acceleration of the company’s commercial business. AutoZone added 1.1% in premarket trading.Amazon(AMZN) – Amazon could announcea deal to buy MGM Studiosas soon as this week, according to a person familiar with the matter who spoke to CNBC. The projected price of up to $9 billion would make this Amazon’s largest acquisition since it bought Whole Foods in 2017 for $13.7 billion.AstraZeneca(AZN) – AstraZeneca’s $39 billion takeover of U.S. drugmakerAlexion Pharmaceuticals(ALXN) is the subject of a probe by British competition regulators, who want to determine if the deal will reduce competition in the U.K. and elsewhere.United Airlines(UAL) – United said in a Securities and Exchange Commission filing that ticketed yields have accelerated during the second quarter ahead of its prior projections. It now sees the key metric of revenue per available seat mile falling about 12% this quarter compared to its prior estimate of a 20% drop.Live Nation Entertainment(LYV) – Live Nation President Joe Berchtold told CNBC’s “Closing Bell” that concert venue bookings are rebounding, and that it is expecting a better year in 2022 than it had in 2019. Shares added 1% in premarket action.IAC/Interactive(IAC) – IAC shares jumped 5.3% in premarket trading ahead of today’s spinoff of Vimeo to IAC shareholders. Vimeo will begin trading on the Nasdaq today, with the producer of video tools valued at roughly $10 billion.Petco(WOOF) – The pet products retailer announced a secondary stock offering of 22 million shares, with the selling stockholder granting underwriters the option to purchase another 3.3 million shares within 30 days. Petco will not receive any proceeds from the offering. The stock fell 1.1% in the premarket.Alaska Air(ALK) – Alaska Air boosted its cash flow outlook for the current quarter, saying it now expects positive cash flow of $550 million to $650 million compared to a prior projection of $450 million to $550 million. The airline cites improved travel demand as well as better-than-expected affinity card inflows. Alaska Air shares fell 2.8% in premarket trading.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140046763","content_text":"U.S. stock index futures rose on Tuesday, buoyed by gains in mega-cap technology-related stocks as inflation worries ebbed and U.S. bond yields eased for the fourth straight day.At 8:05 a.m. ET, Dow E-minis were up 93 points, or 0.27%, S&P 500 E-minis were up 14.5 points, or 0.35% and Nasdaq 100 E-minis were up 80.5 points, or 0.59%.*Source From Tiger Trade, EST 08:05Apple Inc, Amazon.com Inc, Microsoft Corp and Alphabet Inc added between 0.4% and 1% in premarket trading as the yield on 10-year bond slipped to a fresh two-week low on Tuesday.Higher yields pressure valuations for tech and other growth stocks, whose future cash flows are discounted at higher rates.Stocks making the biggest moves in the premarket:Moderna(MRNA)-Moderna rose 2.33% in premarket trading after its Covid-19 vaccine was 100% effective in a study of adolescents ages 12 to 17, making it the second shot behind Pfizer's to demonstrate high efficacy in younger age groups.Lordstown Motors(RIDE) – Lordstown tumbled 13.7% in premarket trading after the electric vehicle startupsaid it needed to raise capitalto fund operations and that its production this year would be, at best, 50% of prior projections.Canopy Growth(CGC) – The cannabis producer’s shares rose 2.4% in the premarket after MKM Partners upgraded the stock to “buy” from “neutral.” MKM said sentiment surrounding the stock is so low that the current risk/reward profile is very favorable.Shake Shack(SHAK) – The restaurant chain’s stock rallied 5.2% in premarket trading after Goldman Sachs upgraded it to “buy” from “neutral.” Goldman believes a recent pullback presents a buying opportunity, given Shake Shack’s strong balance sheet and favorable long-term growth prospects. Additionally, Wedbush upgraded the stock to “outperform” from “neutral,” citing similar reasons.AutoZone(AZO) – The auto parts retailer reported quarterly profit of $26.48 per share, beating the consensus estimate of $20.14 a share. Revenue also came in above estimates. Comparable-store sales surged 28.9%, well above the consensus FactSet estimate of 17.1%. AutoZone’s gross margins dropped, however, due in part to an acceleration of the company’s commercial business. AutoZone added 1.1% in premarket trading.Amazon(AMZN) – Amazon could announcea deal to buy MGM Studiosas soon as this week, according to a person familiar with the matter who spoke to CNBC. The projected price of up to $9 billion would make this Amazon’s largest acquisition since it bought Whole Foods in 2017 for $13.7 billion.AstraZeneca(AZN) – AstraZeneca’s $39 billion takeover of U.S. drugmakerAlexion Pharmaceuticals(ALXN) is the subject of a probe by British competition regulators, who want to determine if the deal will reduce competition in the U.K. and elsewhere.United Airlines(UAL) – United said in a Securities and Exchange Commission filing that ticketed yields have accelerated during the second quarter ahead of its prior projections. It now sees the key metric of revenue per available seat mile falling about 12% this quarter compared to its prior estimate of a 20% drop.Live Nation Entertainment(LYV) – Live Nation President Joe Berchtold told CNBC’s “Closing Bell” that concert venue bookings are rebounding, and that it is expecting a better year in 2022 than it had in 2019. Shares added 1% in premarket action.IAC/Interactive(IAC) – IAC shares jumped 5.3% in premarket trading ahead of today’s spinoff of Vimeo to IAC shareholders. Vimeo will begin trading on the Nasdaq today, with the producer of video tools valued at roughly $10 billion.Petco(WOOF) – The pet products retailer announced a secondary stock offering of 22 million shares, with the selling stockholder granting underwriters the option to purchase another 3.3 million shares within 30 days. Petco will not receive any proceeds from the offering. The stock fell 1.1% in the premarket.Alaska Air(ALK) – Alaska Air boosted its cash flow outlook for the current quarter, saying it now expects positive cash flow of $550 million to $650 million compared to a prior projection of $450 million to $550 million. The airline cites improved travel demand as well as better-than-expected affinity card inflows. Alaska Air shares fell 2.8% in premarket trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":329,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/138784181"}