Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Pfizer, Novavax Rise Premarket; Tesla, Estee Lauder Fall

Stock Markets Nov 02, 2021 07:58AM 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 Tuesday, November 2nd. Please refresh for updates.

  • Tesla (NASDAQ:TSLA) stock fell 4.4% after the National Highway Traffic Safety Administration said the electric car maker is recalling nearly 12,000 U.S. vehicles because of a software communication error. CEO Elon Musk also tweeted that the company’s ground-breaking bulk order from car rental firm Hertz Global  (OTC:HTZZ) hasn't been finalized yet.

  • Pfizer (NYSE:PFE) stock rose 3.1% after the drugmaker raised its full-year sales forecast for its Covid-19 vaccine by 7.5% to $36 billion, helped by deals for booster doses and potential shots in children. The ADRs of its partner BioNTech (NASDAQ:BNTX) rose 2.1%. 

  • Novavax (NASDAQ:NVAX) stock rose 4.1% after the drugmaker secured emergency use approval for its Covid-19 vaccine in Indonesia, its first in any country. The company also said it expects to file a full submission for authorization to the U.S. Food and Drug Administration within in a few weeks.

  • Rogers (NYSE:ROG) stock rose over 30% after industrial materials maker DuPont de Nemours (NYSE:DD), up 0.4%, said it would buy the engineering materials technology maker for about $5.2 billion. 

  • Estee Lauder (NYSE:EL) stock fell 2% after the perfume and makeup manufacturer cut its full-year sales forecast, as the delta variant of Covid-19 ushered in fresh lockdowns in certain markets, particularly China. 

  • Under Armour (NYSE:UA) stock soared 9.2% after the sports apparel maker raised its annual revenue forecast, with consumers still seeking comfortable attire as companies push back their dates for mass returns to the office.

  • Chegg (NYSE:CHGG) stock slumped over 30% after the education technology company disappointed with its third-quarter report, prompting Morgan Stanley (NYSE:MS) to downgrade its investment stance to ‘equal-weight’ from ‘overweight’.

  • Clorox (NYSE:CLX) stock rose 2.2% after the bleach maker posted upbeat first-quarter results, with consumers still fixated on cleanliness in the wake of the pandemic.

  • Avis Budget (NASDAQ:CAR) stock rose 6.3% after the car rental company reported a strong third quarter, as well as announcing a $1 billion increase to its share repurchase program.

  • Simon Property Group (NYSE:SPG) stock rose 3.9% as the mall operator raised its 2021 profit forecast after soundly beating earnings expectations. It also lifted its quarterly dividend.

 

Pfizer, Novavax Rise Premarket; Tesla, Estee Lauder Fall
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other 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, don’t trash it.

  •           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. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. 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 (1)
Mitchel Pioneer
Mitchel Pioneer Nov 02, 2021 8:20AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The pre-market fraud unfolds flagrant as ever.  Assume the position for another day of criminal manipulation, as the US Ponzi Scheme, biggest investment JOKE in history, prepares to defraud America in broad daylight.
Pooran Sharma
Pooran Sharma Nov 02, 2021 8:20AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Hopefully ill be on the right side of that
frank zapper
frank zapper Nov 02, 2021 8:20AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Pooran Sharma hes obviously short lol
 
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
Continue with Google
or
Sign up with Email