Breaking News
Quotes
All Instrument Types
  • All Instrument Types
  • Indices
  • Equities
  • ETFs
  • Funds
  • Commodities
  • Currencies
  • Crypto
  • Bonds
  • Certificates

Please try another search

Search website for: 
Popular News
More
Popular Analysis
More
More
/Free Sign Up
 Investing Pro 0
💎 Access the Market Tools Trusted by Thousands of Investors Get Started

Adobe, Darden Restaurants, Meta Platforms rise premarket; General Motors falls

AuthorPeter NurseStock Markets
Published Dec 16, 2022 07:35AM ET Updated Dec 16, 2022 07:57AM ET
5
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
GM
-0.57%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
 
Create New Watchlist Create
Create a new holdings portfolio Add Create
+ Add another position Close
ADBE
+1.04%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
 
Create New Watchlist Create
Create a new holdings portfolio Add Create
+ Add another position Close
BIDU
+1.43%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
 
Create New Watchlist Create
Create a new holdings portfolio Add Create
+ Add another position Close
AMZN
+0.90%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
 
Create New Watchlist Create
Create a new holdings portfolio Add Create
+ Add another position Close
ACN
+2.11%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
 
Create New Watchlist Create
Create a new holdings portfolio Add Create
+ Add another position Close
DRI
+0.08%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
 
Create New Watchlist Create
Create a new holdings portfolio Add Create
+ Add another position Close

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, December 16th. Please refresh for updates.

  • Adobe (NASDAQ:ADBE) stock rose 5% after the software company recorded 10% growth in fourth-quarter revenues and forecast healthy first-quarter profit as demand remained strong.

  • Darden Restaurants (NYSE:DRI) stock rose 0.5% after the owner of Olive Garden beat quarterly estimates and raised its 2023 outlook as customers continued to eat out.

  • Meta Platforms (NASDAQ:META) stock rose 2% after JPMorgan upgraded its stance on the Facebook owner to ‘overweight’ from ‘neutral’, saying top and bottom-line pressures will ease in 2023.

  • Maxar Technologies (NYSE:MAXR) (TSX:MAXR) stock soared over 100% after the Wall Street Journal reported that private equity firm Advent international has agreed to buy the satellite owner and operator at about $4 billion.

  • General Motors (NYSE:GM) stock fell 1% after U.S. auto safety regulators formally opened a safety probe into the autonomous driving system in vehicles produced by the auto giant’s robotaxi unit Cruise LLC.

  • General Electric (NYSE:GE) stock fell 1% after France’s financial prosecutor confirmed that searches were conducted at the U.S conglomerate's Belfort site as part of an ongoing probe into possible tax fraud.

  • Alibaba (NYSE:BABA) stock rose 2.4% and Baidu (NASDAQ:BIDU) stock rose 1% after the U.S. accounting watchdog said it has full access to inspect and investigate firms in China, removing the risk that these companies could be removed from U.S. stock exchanges.

  • Coinbase (NASDAQ:COIN) stock fell 1.8% with the cryptocurrency exchange platform hit by more selling in the asset class on fresh doubts about the reliability of reserve figures provided by rival Binance.

  • Accenture (NYSE:ACN) stock fell 1.4% after the professional services company disappointed with its second-quarter revenue forecast, even as revenue grew 5% in the quarter ending Nov. 30 as IT spending held strong.

Adobe, Darden Restaurants, Meta Platforms rise premarket; General Motors falls
5
 
Comments (5)
5

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I Agree
Write your thoughts here
 
Are you sure you want to delete this chart?
Delete Cancel
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
Replace Cancel
1000
Comment Guidelines
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (4)
Rahul Munda
Rahul Munda Dec 16, 2022 9:12AM ET
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User
Bijay
Reply
2 1
Report
Raymond Ong
Raymond Ong Dec 16, 2022 9:11AM ET
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User
however, dow will move up and down, if there is thunder.
Reply
1 0
Report
Raymond Ong
Raymond Ong Dec 16, 2022 9:10AM ET
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User
dow will rise if I have enough sleep and my mood gets better at the end of the day.
Reply
2 0
Report
Raymond Ong
Raymond Ong Dec 16, 2022 9:08AM ET
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User
dow future slumps today as my mood is not so good.
Reply
1 0
Report
Santi Santi
Santi Santi Dec 16, 2022 9:08AM ET
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User
Well, get your mood right 'cause I'm trying to make a $.
Reply
0 0
Report
 
Are you sure you want to delete this chart?
Delete Cancel
 
Post
 
Replace the attached chart with a new chart ?
Replace Cancel
1000
Comment Guidelines
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Cancel Attach
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Confirm Block Cancel
Ok
Report this comment

I feel that this comment is:

Submit
Comment flagged

Thank You!

Your report has been sent to our moderators for review
Close
Continue with Google
or
Sign up with Email