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Boeing, Snowflake, Five Below Rise Premarket; Apple Falls

Stock MarketsDec 02, 2021 07:56AM ET
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© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Thursday, December 2nd. Please refresh for updates.

  • Apple (NASDAQ:AAPL) stock fell 2.8% after Bloomberg reported that demand for the tech giant’s latest batch of iPhones is weakening due to price and availability issues.

  • Boeing (NYSE:BA) stock rose 5% after China's aviation authority issued an airworthiness directive on the 737 MAX plane, potentially allowing the return of this key model to service in China after more than two and a half years.

  • Snowflake (NYSE:SNOW) stock soared 14% after the data platform provider reported strong fourth-quarter guidance, reporting upbeat third-quarter results bolstered by its international expansion.

  •  

    Splunk (NASDAQ:SPLK) stock rose 0.7% after the software company recorded its first quarter with over $1 billion in annual recurring revenue, with the Cloud accounting for a record 68% of its software bookings.
  • Crowdstrike (NASDAQ:CRWD) stock rose 0.3% after the cybersecurity company announced strong quarterly earnings as well as a substantial increase in new subscription customers.
  • Okta (NASDAQ:OKTA) stock rose 2% after the cloud identity management company reported strong third-quarter results, posting revenue growth of 61% from last year and beating its own guidance.

  • Five Below (NASDAQ:FIVE) stock rose 9.4% after the discount store posted better than expected results on both the top and bottom-line in its third quarter.
  • Dollar General (NYSE:DG) stock fell 3.1% after the discount chain narrowed its full-year sales forecast on Thursday, as returning consumer appetite for discretionary items helped counter easing demand for groceries.
  • Square (NYSE:SQ) stock fell 0.5% after the payments company announced it was changing its name to ‘Block’ as it looks to expand into new technologies like blockchain.
  • Simon Property Group (NYSE:SPG) stock rose 1.4% after Morgan Stanley (NYSE:MS) reiterated an ‘outperform’ rating on the real estate group, saying its recent dip creates an attractive entry point, with more than 20% upside.

  • Vir Biotechnology (NASDAQ:VIR) stock soared 13% and GlaxoSmithKline (NYSE:GSK) ADRs rose 0.6% after analysis of the antibody-based Covid-19 therapy the partners are developing  has indicated the drug is effective against the new omicron variant.

 

Boeing, Snowflake, Five Below Rise Premarket; Apple Falls
 

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Comments (2)
Christos Rousakis
Christos Rousakis Dec 02, 2021 8:54AM ET
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American circus
Mitchel Pioneer
Mitchel Pioneer Dec 02, 2021 8:23AM ET
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With the predictability of the rising sun, another loss is reversed the day after it occurs.  The laughingstock of the investing world can rise for days, but single session losses continually reversed has kept the bubble inflated.  Average holdings in retirement plans get criminally pumped higher and higher, as the criminal manipulation of this JOKE of a "market" continues.  A generation of wealth will be wiped out when this Ponzi scheme crashes.
Empire Destroyer
Empire Destroyer Dec 02, 2021 8:23AM ET
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It's still staying at the lows do not really a reverse. A reversal would be if it went 35k and retook it and rallied to 36k ☺️
 
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