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PepsiCo, Under Armour Rise Premarket; Eli Lilly, Clorox Fall

Published 08/03/2021, 07:59 AM
Updated 08/03/2021, 07:59 AM
© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Tuesday, August 3rd. Please refresh for updates.

  • NetEase (NASDAQ:NTES) stock fell 8.8% and Tencent Holdings (OTC:TCEHY) stock also weakened after a critical article in a state-run Chinese paper raised fears that the videogaming sector may be next to feel the pain of Chinese regulatory scrutiny. 

  • PepsiCo (NASDAQ:PEP) stock rose 0.5% after the soft drinks giant announced plans to sell its controlling stake in Tropicana, Naked and other juice brands in North America to private equity firm PAI Partners for $3.3 billion.

  • Alibaba (NYSE:BABA) ADRs fell 1.2% after the Chinese tech giant reported a 34% rise in quarterly revenue on Tuesday, helped by growth at its Cloud computing and e-commerce businesses.

  • Eli Lilly (NYSE:LLY) stock fell 1.9% after the drugmaker missed quarterly profit expectations, hit by weaker sales of its Covid-19 therapies as vaccinations ramped up.

  • BP (NYSE:BP) ADRs rose 5.7% after the U.K.-based oil major announced a higher dividend and increased its buyback program after returning to profit in the second quarter.

  • Clorox (NYSE:CLX) stock fell 10% after the consumer goods company disappointed with its full-year sales forecast, as demand for its cleaning products eased from pandemic highs.

  • Dupont De Nemours (NYSE:DD) stock rose 2.2% after the industrial materials maker reported a jump in second-quarter profit, helped by demand from chipmakers and automakers.

  • Under Armour (NYSE:UA) stock rose 6% after the athletic clothes retailer raised its annual revenue forecast as customers returned to gyms as coronavirus restrictions were eased.

  • ConocoPhillips (NYSE:COP) stock rose 1.1% after the oil giant posted a near doubling of profit in the second quarter, helped by higher oil and gas prices.

  • Marriott International (NASDAQ:MAR) stock rose 0.8% after the hotel chain returned to profit in the quarter, compared to a year-ago loss, as the tourist industry began to recover from the Covid battering.

  • Discovery (NASDAQ:DISCA) stock rose 1.1% after the streaming service beat expectations for second-quarter revenue on Tuesday, helped by the streaming subscriber additions, attracted by the ongoing Tokyo Olympics.

  • Translate Bio (NASDAQ:TBIO) stock soared 29% after French drugmaker Sanofi (NASDAQ:SNY) announced a $3.2 billion offer to buy the U.S. biotech company.

  • Simon Property Group (NYSE:SPG) stock rose 2.8% after the U.S. mall owner announced that sales at its shopping centers returned to pre-pandemic levels in June. 

 

Latest comments

Another single session, mitigated loss, miraculously reversed the day after it occurs.  Welcome to the US Ponzi Scheme, greatest financial fraud in history, and biggest investment joke in the world, as it flagrantly, financially dismantles America in broad daylight.  Must have criminally manufactured gains to keep consumers spending recklessly.
If you're so sure, then dare to buy ?! Market is place to make money not excuses.
haha well say.
why would someone dare to buy into a ponzi scheme?lol The fact that this was your response confirms everything he just said. Cant believe some of you actually make money at this.
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