By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, March 1st. Please refresh for updates.
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Johnson & Johnson (NYSE:JNJ) stock rose 1.7% after the drug maker’s single-dose Covid-19 vaccine became the third authorized drug to combat the coronavirus in the United States over the weekend, with initial deliveries set to start this week.
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Walmart (NYSE:WMT) stock rose 1.1% after the retail giant hired a pair of senior bankers from Goldman Sachs (NYSE:GS) to run its fledgling financial technology startup.
- Exxon Mobil (NYSE:XOM) stock rose 3.5% after CNBC reported that activist investors Jeff Ubben and Mike Angelakis were set to join the board of the oil major, which wrote off a large part of its reserves last week, reflecting fears that they may never be economic.
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Netflix (NASDAQ:NFLX) stock rose 1% after the streaming service dominated the Golden Globes awards, with four wins in the movie field and six for television, including best TV drama series "The Crown" and limited series chess saga "The Queen's Gambit."
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Logitech (NASDAQ:LOGI) stock fell 0.7% after the computer goods maker warned that its fiscal 2022 will struggle to compete with the 2021 boom as demand for mice and keyboards caused by the work-from-home phenomena eases.
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Citigroup (NYSE:C) stock rose 2.7% as Jane Fraser takes the helm as CEO, becoming the first woman to run a major U.S. bank. She has been tasked with refreshing the country’s third-biggest bank, which is struggling to keep up with its rivals.
- United Airlines (NASDAQ:UAL) stock rose 3.9% after the New York Times reported that the airline has order 25 more Boeing (NYSE:BA) 737 MAX jets. Boeing stock rose 2.8%.
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Carnival (NYSE:CUK) stock rose 3.7% and Norwegian Cruise Line (NYSE:NCLH) stock gained 3.8% each on optimism of a swift reopening, helped by the J&J vaccine approval. However, Royal Caribbean (NYSE:RCL) stock fell 1.9% after the cruise operator announced it was launching a $1.5 billion stock offering.
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Berkshire Hathaway (NYSE:BRKa) stock rose 2.4% after legendary investor Warren Buffet’s company recorded growth in net profit of 23% in 2020, while buying back another $9 billion in its own stock in the fourth quarter.
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Twilio (NYSE:TWLO) stock rose 1.8% after the Wall Street Journal reported that the cloud-communications firm is in talks to invest as much as $750 million in Syniverse Technologies, possibly taking the telecommunications services company public in time.
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Perrigo (NYSE:PRGO) stock rose 10% after the drugmaker announced a deal to sell its Generic Rx Pharmaceuticals business to private-equity firm Altaris Capital for $1.55 billion.
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NRG Energy (NYSE:NRG) stock rose 9.8% after the energy provider beat expectations for its latest quarter, adding it wouldn’t have to change its guidance range despite the extreme weather in Texas.