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Chipotle, Omnicom and Enphase Energy Rise Premarket; Lyft Falls

Stock Markets Feb 09, 2022 07:57AM ET
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© Reuters.

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.

Chipotle, Omnicom and Enphase Energy Rise Premarket; Lyft Falls
 

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Comments (2)
Steffen vdm
Steffen vdm Feb 09, 2022 8:53AM ET
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"Hey guys, only write positive things. Ignore all the other stuff"
Cuong Vu
Cuong Vu Feb 09, 2022 8:53AM ET
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🤣🤣🤣
Mitchel Pioneer
Mitchel Pioneer Feb 09, 2022 8:32AM ET
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Day 13 of the most malicious string of criminal manipulation in decades.  Assume the proper position America.
 
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