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Palantir Falls PreMarket; Citigroup, Exxon Mobil Rise

Stock Markets Feb 16, 2021 08:25AM ET
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© Reuters

By Peter Nurse 

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

  • Palantir Technologies (NYSE:PLTR) stock fell 10% after the data analytics company posted a surprise fourth-quarter loss even after a 40% rise in sales in its second quarterly results since going public last year. The company’s post-IPO lock up period, when insiders are forbidden to sell their holdings, expires on Friday.

  • AutoNation (NYSE:AN) stock rose 1.7% after the auto retailer handily beat expectations for its fourth-quarter sales and profit and revealed a $1 billion stock buyback plan.

  • CVS Health (NYSE:CVS) stock rose 1.6% after its fourth-quarter earnings beat expectations, with its pharmacy sales helped by Covid-19 testing and vaccines.

  • Corelogic (NYSE:CLGX) stock rose 5.6% after CoStar (NASDAQ:CSGP), down 6.6%, submitted a new bid for its rival real estate data provider worth $95.76 per share in stock.

  • Citigroup (NYSE:C) stock rose 1.7%, Wells Fargo (NYSE:WFC) stock rose 1.5% and Bank of America (NYSE:BAC) stock climbed 1.6%, with these banks benefiting from the yields on 10-year U.S. Treasuries touched their highest levels since late March.

  • Exxon Mobil (NYSE:XOM) stock rose 2.7%, Marathon Oil (NYSE:MRO) stock rose 4% and Chevron (NYSE:CVX) stock climbed 0.4% after oil prices jumped to a 13-month high in the wintry conditions in large parts of the U.S..

  • Southwest Airlines (NYSE:LUV) stock rose 2% after the airline said it expects an improvement in passenger demand from February to March, although it still continues to experience a significant year-over-year impact on passenger demand due to the pandemic.

  • BHP Billiton (NYSE:BBL) ADR rose 7.2% after the mining giant reported its best first-half profit in seven years and declared a record interim dividend, helped by strong China demand for iron ore.

  • Glencore (OTC:GLNCY) ADR rose 8% after the commodity trading and mining giant reinstated its dividend on the back of record trading profits.

  • Marriott International (NASDAQ:MAR) stock rose 0.1% after the hotel chain announced Chief Executive Officer Arne Sorenson, who was undergoing cancer treatment, had unexpectedly died

 

Palantir Falls PreMarket; Citigroup, Exxon Mobil Rise
 

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Comments (2)
Scott Estes
Scott Estes Feb 16, 2021 10:10AM ET
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BTW that's my uncle!!!
Scott Estes
Scott Estes Feb 16, 2021 10:09AM ET
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I sometimes wonder what makes euthors feel so certain to call things (not) for what they are. I always assume that there is a dollar herw or there ALWAYS, to help decide. Which may still be the case here as well, but if so, then your dirtier then you already are.So even if you were able to collect the data on every individual that has interacted with MAR this AM to find out what was in their heads and why they bought, why would you word your story in a way that makes it seem as the stock rose because the CEO died?. 1% and you assume that's the reasoning for it eh? Selfish heartless, may God have mercy on your soul.
 
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