By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, November 18th. Please refresh for updates.
-
Boeing (NYSE:BA) stock rose 6.1% after the U.S. Federal Aviation Administration cleared its 737 Max to fly again, after its top-selling plane was grounded for 20 months on the back of two crashes that killed 346 people.
-
Pfizer (NYSE:PFE) stock rose 3.4% after the pharma giant reported that the final results from the late-stage trial of its Covid-19 vaccine, developed in conjunction with German BioNTech, show it was 95% effective, adding it had the required two-months of safety data and would apply for emergency U.S. authorization within days.
-
Tesla (NASDAQ:TSLA) stock rose 2% after influential investment bank Morgan Stanley upgraded its stance to ‘overweight’ for the first time in more than three years, saying the company is on the verge of a “profound model shift” from selling cars to generating high-margin software and services revenue.
-
Apple (NASDAQ:AAPL) stock fell 0.2% after the iPhone maker said it plans to start a program to lower its App Store commissions for software developers who make $1 million or less in proceeds each year from the store.
-
Target (NYSE:TGT) stock rose 2.7% after the retailer reported strong quarterly same-store sales growth, with comparable digital sales rising 155%, as customers used the company’s quick delivery services to buy goods during the pandemic.
-
Lowe’s (NYSE:LOW) stock slumped 6.5% after the home improvement retailer reported third-quarter earnings and a profit outlook slightly short of estimates, overshadowed by its competitors.
-
Polaris (NYSE:PII) stock dropped 4.2% after the powersports equipment manufacturer announced the departure of Chairman and CEO Scott Wine.
-
Beyond Meat (NASDAQ:BYND) stock rose 1.6% after the company launched a plant-based minced pork product in China, as the faux meat maker seeks to tap into the growing demand for its products in the lucrative Asian market.
-
American Airlines (NASDAQ:AAL) stock up 2% after the airline, along with its partners, said it will offer Covid-19 testing for passengers, in order to spur international travel.
- Goldman Sachs (NYSE:GS) stock rose 0.6% after Reuters reported that the investment bank is preparing for a second round of job cuts, three months after it began eliminating around 400 positions.