By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, October 12th. Please refresh for updates.
Johnson & Johnson (NYSE:JNJ) stock fell 1.2% after the pharma giant announced late Monday that it has paused trials for a Covid-19 vaccine after a participant in the study fell ill for unknown reasons. It also posted strong third-quarter results, helped by a rebound in its Medical Devices division.
- JPMorgan Chase (NYSE:JPM) stock rose 1.5% after reporting a 4% rise in third-quarter profit, helped by a surge in trading activity and a sharp drop in provisions against expected loan losses.
- Citigroup (NYSE:C) stock rose 1.5% after reporting third-quarter earnings that beat analysts' forecasts and revenue that topped expectations, while provisioning $2.3 billion for credit losses, below expectations.
Walt Disney (NYSE:DIS) stock rose 4.1% after the company announced a reorganization of its media and entertainment business that will focus on developing productions that will debut on its streaming and broadcast services.
Apple (NASDAQ:AAPL) stock rose 1.4%, continuing to push higher after seeing the biggest single day gain on Monday since the end of July, as investors await the release of the company’s first 5G-enabled iPhone.
Blackrock (NYSE:BLK) stock rose 4.9% after the world's largest asset manager reported a 27% rise in third-quarter profit, helped by higher fees.
Amazon (NASDAQ:AMZN) stock rose 1.1% ahead of the company’s Prime Day, the retailing giant’s biggest sale event of the year.
Tesla (NASDAQ:TSLA) stock rose 0.6% after the electric car manufacturer cut the price of its Model S "Long Range" sedan by 4% in the United States, days after the electric-car maker reported record quarterly deliveries.
Ethan Allen (NYSE:ETH) stock soared 12% after it reported preliminary fiscal first quarter results of 34 to 36 cents per share, compared to a consensus forecast of only 2c. Revenue also topped estimates, at $151 million .
Williams-Sonoma (NYSE:WSM) stock rose 3.3% after the retailer said late Monday it will raise its dividend by 10%, while also resuming its share buyback program.
Fastenal (NASDAQ:FAST) stock fell 3.2% after its third-quarter revenue fell short of expectations. The industrial supply company announced a cash dividend, while its shares are up 28% from the beginning of the year.