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Goldman, Alibaba, Unilever Down in Premarket Trading; Activision Soars

Stock MarketsJan 18, 2022 08:35AM ET
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© Reuters.

By Geoffrey Smith 

Investing.com -- Here is a selection of stocks in focus in premarket trading on Tuesday, 18th January. Please refresh for updates.

  • Alibaba (NYSE:BABA) ADRs fell 4.7% after Reuters reported that U.S. regulators are looking at its Cloud hosting business, concerned that data hosted there could be accessible to the Chinese government.
  • Activision Blizzard (NASDAQ:ATVI) stock soared 38% after The Wall Street Journal reported that Microsoft (NASDAQ:MSFT) is nearing a deal to buy the games publisher for over $50 billion, substantially bulking up the ecosystem around its Xbox console. Activision stock has languished under a lengthy scandal over its toxic workplace culture, seemingly tolerated by its CEO Bobby Kotick.
  • Goldman Sachs (NYSE:GS) stock fell 4.0% after the bank missed expectations for earnings in the fourth quarter due to higher expenses, notably for staff and for litigation provisions. Revenue  from bond trading also fell 7% although investment banking fees were up 45% on the year.
  • PNC Financial (NYSE:PNC) stock drifted after missing fourth-quarter earnings expectations by nearly 20%. The bank’s loan book also grew less than hoped, adding to a general pattern of bank earnings that suggest the boost from pandemic stimulus is fading.
  • BNY Mellon (NYSE:BK) stock fell 0.2% after the bank just managed to beat expectations for the fourth quarter, thanks to strength in its custody business. The stock has more than doubled in the last 16 months.
  • Unilever (NYSE:UL) ADRs fell over 10%, catching up with their underlying stock in London and Amsterdam, after GlaxoSmithKline (NYSE:GSK) rejected a $68 billion bid from it for its consumer health unit.
  • Toyota ADRs (NYSE:TM) rose 0.5% despite the Japanese giant saying it will likely miss its production target for the year through March owing to component shortages, chiefly related to silicon chips.
  • Citrix stock was up 2.9% following a report that activist investors including Elliott Management are building a stake in the company.
  • Peloton (NASDAQ:PTON) stock fell 2.0% after the maker of exercise machines said it will start charging customers for installation, a service that had previously been free.
  • Charles Schwab (NYSE:SCHW) stock fell 2.7% after the brokerage narrowly missed expectations for both earnings and revenue in the quarter, as well as for average daily trades.
Goldman, Alibaba, Unilever Down in Premarket Trading; Activision Soars
 

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Comments (5)
Andrie Matondang
Andrie Matondang Jan 18, 2022 9:58AM ET
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discount... awesome
dickson millinga
dickson millinga Jan 18, 2022 9:49AM ET
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us 30 just fall more than 1,500 points
Angelica Jacob
Angelica Jacob Jan 18, 2022 9:31AM ET
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hi i am just new here how to use this app..?thank u
Abdelrahman Alhammadi
Abdelrahman Alhammadi Jan 18, 2022 9:09AM ET
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Is nasdaq going to fell too ?
Gulam sarwer
Gulam sarwer Jan 18, 2022 9:09AM ET
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who are you
Gulam sarwer
Gulam sarwer Jan 18, 2022 9:09AM ET
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who are you
John Lakran
John Lakran Jan 18, 2022 9:06AM ET
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This is getting ridiculous with BABA making huge swings on the most ridiculous news. Yes everyone knows US won't go on baba servers same as China won't go on US servers. This is a nonevent non newsworthy article of commonsense
Bodin Rojpongkasem
Bodin Rojpongkasem Jan 18, 2022 9:06AM ET
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Agree
 
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