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GE, Walt Disney Rise Premarket; Microsoft Falls

Stock MarketsMar 08, 2021 07:59AM ET
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© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Monday, March 8th. Please refresh for updates.

  • General Electric (NYSE:GE) stock rose 2.5% after The Wall Street Journal reported that the conglomerate is near to signing a deal, worth more than $30 billion, to combine its jet leasing unit with Irish-domiciled AerCap (NYSE:AER).

  • Microsoft (NASDAQ:MSFT) stock fell 1.2% with more than 20,000 U.S. organizations potentially compromised after a hack of the software giant’s Outlook email program.

  • Walt Disney (NYSE:DIS) stock rose 1.5% after California eased Covid-19 restrictions on businesses, paving the way for Disneyland to reopen on a limited basis in April.

  • Amazon (NASDAQ:AMZN) stock fell 1.4% with the tech sector under pressure as Treasury yields rise. Additionally, Deliveroo, the Amazon-backed food delivery service, recorded a loss of over $300 million last year while announcing plans to float on the London Stock Exchange.

  • Tesla (NASDAQ:TSLA) stock fell 2.8% following weakness in the tech sector, while Bloomberg reported the CEO of the electric car manufacturer Elon Musk is backing a large-scale battery storage project aimed at improving grid-reliability in Texas.

  • McAfee (NASDAQ:MCFE) stock rose 11% after the cybersecurity company said it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash.

  • GameStop (NYSE:GME) stock rose 11% after Bloomberg reported that the company has tapped shareholder Ryan Cohen to lead a shift towards e-commerce.

  • Apollo Global (NYSE:APO) stock rose 4.9% after news the private equity firm will merge with retirement services company Athene (NYSE:ATH), up 17%,  in an all-stock transaction that values Athene at about $11 billion. 

  • Adaptive Biotechnologies (NASDAQ:ADPT) stock rose 9.2% after the company received  emergency use authorization from the FDA for its test which confirms a recent or prior Covid-19 infection in patients. 

  • Xpeng (NYSE:XPEV) stock rose 4% after the Chinese electric-car maker reported a sharp rise in revenue for its fourth quarter even as it detailed a larger loss than expected.

 

GE, Walt Disney Rise Premarket; Microsoft Falls
 

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Comments (5)
Amir Bayramaliev
Amir Bayramaliev Mar 08, 2021 10:20AM ET
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Today's growth of GameStop is fundamentally justified! Hedge funds can't argue with that :-)
Casador Del Oso
Casador Del Oso Mar 08, 2021 8:48AM ET
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GE has been a dog for decades.
Bhagwan Dass
Bhagwan Dass Mar 08, 2021 8:37AM ET
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ABCD four company in America are doing price of every commodity up in world. facing poor people in world
Viking Fire
Viking Fire Mar 08, 2021 8:32AM ET
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Kick the tires and light the fires! Bars, movies filling up and selling out as covid shots becoming so accessible. Lets not make it 40 years of economic disasters holding america back. Lets burn bright!!
Jelly Fish
Jelly Fish Mar 08, 2021 8:32AM ET
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You obviously dont live in a blue state. Chicago is a ghost town with small businesses still either getting destroyed or just giving up. But at least Xiden is sending our tax dollars to Pakistan for gender studies.
michael engel
michael engel Mar 08, 2021 8:27AM ET
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NDX weekly : Aug 24 to Feb 8 // parallel line from : Sept 21 to last week low.
 
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