By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, January 14th. Please refresh for updates.
Intel (NASDAQ:INTC) stock rose 2.7%, continuing Wednesday’s gains after naming VMware's (NYSE:VMW) chief as its new chief executive officer, replacing Bob Swan next month. Swan has been Intel's CEO for two years.
BlackRock (NYSE:BLK) stock rose 1.3% after the world's largest asset manager reported a stronger quarterly profit, as increased volatility in financial markets resulted in higher capital inflows.
Tesla (NASDAQ:TSLA) stock fell 1% after U.S. regulators urged the car manufacturer to recall 158,000 of its electric cars over concerns about the degradation of their touch screens over time.
Johnson & Johnson (NYSE:JNJ) stock rose 1.8% after the drugmaker’s experimental single-dose vaccine generated a long-lasting immune response in an early safety study.
GameStop (NYSE:GME) stock surged 15%, continuing recent gains after the video game retailer announced an agreement with activist investor RC Ventures, prompting substantial short-covering.
Chevron (NYSE:CVX) stock rose 0.8% after HSBC upgraded its investment stance to ‘buy’ from ‘hold’, saying the stock is undervalued given the recent improvement in sentiment towards the crude market.
Snap (NYSE:SNAP) stock fell 0.2% after the company banned President Donald Trump from its Snapchat social media platform.
Affirm (NASDAQ:AFRM) stock rose 5.6%, continuing to push higher after stock in the financial-technology company nearly doubled Wednesday on its public debut.
Delta Air Lines (NYSE:DAL) stock was up 1.2% despite the company reporting its first annual loss in 11 years. CEO Ed Bastian described 2021 as "the year of recovery" after the coronavirus pandemic.
Penn National Gaming (NASDAQ:PENN) stock fell 2.1% after Loop Capital downgraded its recommendation on the operator of casinos and racetracks to ‘sell’ from ‘hold’, citing the stock’s almost 300% gain over the last year with its Barstool app only live in one state, Pennsylvania.