By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, February 2nd. Please refresh for updates.
GameStop (NYSE:GME) stock fell 40%, AMC Entertainment (NYSE:AMC) stock dropped 31% and Blackberry (TSX:BB) fell 8.6%, weakening as the speculative trade that prompted sharp gains in these stocks, among others, unwinds.
Alphabet (NASDAQ:GOOGL) stock rose 1.3% after its Google unit agreed to spend $3.8 million, including $2.6 million in back pay, to settle allegations that it underpaid women and unfairly passed over women and Asians for job openings. The company’s fourth quarter results are due after the close.
Pfizer (NYSE:PFE) stock rose 0.6% after the pharma giant forecast sales of about $15 billion from its coronavirus vaccine, made with German partner BioNTech (NASDAQ:BNTX), and total 2021 revenue of between $59.4 billion and $61.4 billion.
Tesla (NASDAQ:TSLA) stock rose 0.6% despite the electric car maker agreeing to recall almost 135.000 Model S and Model X vehicles to fix faulty touchscreen displays after being asked to do so by U.S. auto safety regulators last month.
Exxon Mobil (NYSE:XOM) stock rose 2% after the oil major beat earnings in the fourth quarter, although revenue came in below expectations. The company maintained its quarterly dividend, but to do so now sees its 2021 capital program at $16 billion-$19 billion, down from the 2020 target of $23 billion.
BP (NYSE:BP) ADR fell 4.2% after the U.K.-based oil giant reported a $5.7 billion loss last year, its first in a decade. It also warned of a tough start to 2021 amid widespread travel restriction due the Covid pandemic.
United Parcel Service (NYSE:UPS) stock rose 4.5% after the delivery service reported better-than-expected earnings over the busy holiday shopping season, in which the pandemic drove a surge in online shopping.
Holicity (NASDAQ:HOLUU) stock soared 38% after it was announced that it would merge with Astra, to become the first publicly traded space launch company.
Harley-Davidson (NYSE:HOG) stock fell 4% after the motorcycle manufacturer reported a loss in the fourth quarter, with 2020 total shipments hitting their lowest in more than 20 years.