Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Breaking News

S&P 500 Ends Week in Red Despite Signs Tech, Value Can Co-Exist

Morgan Stanley Falls Premarket; DraftKings, Alcoa Rise

Stock MarketsApr 16, 2021 08:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Friday, April 16th. Please refresh for updates.

  • Morgan Stanley (NYSE:MS) stock fell 2% despite the investment bank reporting a 150% jump in quarterly profit, as a global dealmaking boom boosted investment banking and heightened trading activity lifted its institutional securities division. Expectations were already extremely strong after the week's previous banking results. 

  • Bank of NY Mellon (NYSE:BK) stock rose 0.3% after the financial firm beat estimates in its first quarter report, continuing the sector’s strong start to the fiscal year.

  • PNC Financial (NYSE:PNC) stock rose 0.4% after the bank beat estimates on the top and bottom lines for its first-quarter report, however disappointed as its net interest margin declined.

  • Coinbase Global (NASDAQ:COIN) stock fell 0.2% in continued volatile trading after Wednesday’s direct listing. Cathie Wood’s ARK funds have snapped up over $350 million worth of shares in the biggest U.S. cryptocurrency exchange in the last two days.

  • DraftKings (NASDAQ:DKNG) stock rose 4.7% after the sports betting operator announced it has signed a deal with the NFL to become one of the league’s official sports-betting partners. The company also renewed its daily fantasy football partnership with the league.

  • Comcast (NASDAQ:CMCSA) stock rose 0.9% after Raymond James upgraded its investment stance on the media giant to ‘outperform’ from ‘market perform’, expecting strong first-quarter earnings results. 

  • Alcoa (NYSE:AA) stock rose 3.2% after the aluminum producer reported a better-than-expected first-quarter result, with the price of metal surging amid optimism that reopening economies will spur demand for everything from automobiles to airplanes and toasters.

  • PPG Industries (NYSE:PPG) stock rose 4.5% after the supplier of paints announced first-quarter results that topped analyst predictions, thanks to pandemic-driven home improvement trends.

  • Quantumscape stock rose 1.6%, rebounding after Thursday’s sharp losses with the company's supporters responding to Scorpion Capital’s criticism by dismissing it as 'hearsay'. The company said via Twitter that it stands by its data, which "speaks for itself". 

  • Pfizer (NYSE:PFE) stock rose 0.4% after the drugmaker’s CEO Albert Bourla said people will 'likely' need a third booster dose of Covid-19 vaccines within 12 months and could need annual shots. Pfizer’s vaccine hasn’t seen any of the blood clotting problems that some of its rivals’ drugs have and reportedly declined to cooperate with Johnson & Johnson (NYSE:JNJ) into the possible causes of the blood clots that have killed some of those who have taken the adenovirus vaccines made by J&J and AstraZeneca (NASDAQ:AZN). Pfizer's vaccine, like Moderna's, is based on messenger RNA technology, by contrast.

  • Simon Property Group (NYSE:SPG)stock rose 1.1% after Jefferies (NYSE:JEF) upgraded the real estate company to ‘buy’ from ‘hold’, citing pent-up consumer demand and lower than expected bad debt levels.

Morgan Stanley Falls Premarket; DraftKings, Alcoa Rise
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
Heng Lengchoeu
Heng Lengchoeu Apr 16, 2021 9:04AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
hello dear Mr& Ms . I'm nod Understand Investing
Heng Lengchoeu
Heng Lengchoeu Apr 16, 2021 8:41AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
hello dear Mr& Ms . I'm nod Understand Investing
Dave Jones
Dave Jones Apr 16, 2021 8:41AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
🤣
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email