By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, November 2nd. Please refresh for updates.
Dunkin Brands (NASDAQ:DNKN) stock rose 6.2% after the fast food chain said it was being bought by Inspire Brands for $8.8 billion, in one of the largest restaurant deals in years.
CBL & Associates Properties (NYSE:CBL) stock slumped 22% after the mall operator filed for Chapter 11 bankruptcy protection on Sunday, as the COVID-19 crisis caused prolonged closures.
Marathon Petroleum (NYSE:MPC) stock fell 0.7% after the company posted disappointing revenue figures amid significantly lower demand due to the pandemic’s economic impact.
Ryanair (NASDAQ:RYAAY) ADR rose 5.6% despite the airline posting its first summer-season loss in thirty years, with travel restrictions cutting passenger numbers by 80% in the six months to the end of September. However, the $230 million loss was less than forecast.
Clorox (NYSE:CLX) stock rose 2.3% after the household products maker reported better than expected quarterly earnings, as the company continued to benefit from purchases by homebound consumers amid the pandemic.
Estee Lauder (NYSE:EL) stock rose 5.6% after the personal care company reported better than expected first quarter earnings, aided by strong skin care sales.
Nielsen (NYSE:NLSN) stock rose 6.1% after the market research company reported better-than-expected profit and revenue for its latest quarter, and announced it was selling its consumer goods data unit for $2.7 billion.
Loews (NYSE:L) stock rose 0.6% after the luxury hospitality company posted a rise in profit in the third quarter, helped by a stronger result for its insurance business.
- AMC Networks (NASDAQ:AMCX) stock rose 3.5% after the cable network operator reported quarterly earnings and revenue above estimates. It expects to have 5 million to 5.5 million paid streaming video subscribers by the end of the year.