By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, October 12th. Please refresh for updates.
Regeneron (NASDAQ:REGN) stock fell 0.2% after the company’s CEO said Sunday that its Covid-19 treatment still needs more testing before its efficacy is known, this despite President Trump calling it a ‘cure’.
DraftKings (NASDAQ:DKNG) stock rose 3.2% after Credit Suisse (SIX:CSGN) started its coverage of the sports betting operator with an outperform rating, citing an acceleration in sports betting/gaming legalization in the U.S. following the pandemic.
Apple (NASDAQ:AAPL) stock rose 3.2% ahead of the tech giant’s launch event on Tuesday, which is expected to showcase the new 5G iPhone 12.
Travelers (NYSE:TRV) stock fell 1.6% after JPMorgan (NYSE:JPM) downgraded its rating to underweight from neutral, citing concerns over poor return on equity, lackluster business trends and potential earnings risk.
Twilio (NYSE:TWLO) stock rose 5.3% after reports that it intends to buy customer data startup Segment, with a price tag of $3.2 billion.
Twitter (NYSE:TWTR) stock rose 4.8% after Deutsche Bank (DE:DBKGn) upgraded its investment recommendation to “buy”. With a $56 price target, the German bank points to a potential upside of 22%.
Snowflake (NYSE:SNOW) stock rose 4.4% after the software company started to receive a series of investment recommendations after its IPO, including a “buy” from Goldman Sachs (NYSE:GS) and an “outperform” from Oppenheimer.
Astrazeneca (LON:AZN) ADR stock rose 1% after the U.S. government awarded $486 million to the pharma giant to develop and secure supplies of up to 100,000 doses of its Covid-19 antibody treatment.
- Levi Strauss (NYSE:LEVI) stock rose 3.6% after Morgan Stanley (NYSE:MS) upgraded the jeans and apparel maker to “overweight” from “equal-weight”, citing the management’s quick response to a difficult retail environment as well as strong revenue growth.