By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, February 9th. Please refresh for updates.
Chipotle (NYSE:CMG) stock rose 6.3% after the burrito chain overcame higher raw material costs and a labor crunch to beat earnings estimates in the fourth quarter. Its CEO said there had been "no resistance" to its price hikes.
Lyft (NASDAQ:LYFT) stock fell 3.6% after the ride-hailing firm announced fewer active riders in the last quarter than the previous one. Its net loss narrowed to $259 million in the quarter, but the company broke even for the first time on an adjusted EBITDA basis in 2021.
Omnicom (NYSE:OMC) stock rose 7.7% after the advertising and PR giant recorded organic growth across all disciplines and geographies, helped by higher spending by clients.
CVS Health (NYSE:CVS) stock fell 1.2% despite the drugstore chain posting a 34% rise in quarterly profit, helped by Omicron-spurred demand for Covid-19 tests and vaccinations. Its stock is up over 50% over the past 12 months and touched a 52-week high earlier this week.
Enphase Energy (NASDAQ:ENPH) stock rose 20% after the renewable energy company posted record quarterly revenues, and provided upbeat guidance going forward.
Tesla (NASDAQ:TSLA) stock rose 1.7% despite the electric car manufacturer having to recall nearly 27,000 vehicles because of a windscreen defrosting software error.
XPO Logistics (NYSE:XPO) stock rose 3.8% after the freight transportation company posted better-than-expected earnings and revenue for the fourth quarter.
Xpeng (NYSE:XPEV) stock rose 6.8% after the Chinese electric car maker’s Hong Kong-listed shares were included in a trading link to mainland China, potentially expanding its investor base.
Canopy Growth (NASDAQ:CGC) stock rose 6.4% after the cannabis producer recorded a smaller loss than expected, helped by growth in its drinks and vaping categories.
- Fox (NASDAQ:FOX) stock rose 1.1% after the broadcasting giant reported a 9% rise in quarterly revenues, helped by the strength of its sports portfolio.