By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, February 18th. Please refresh for updates.
Roku (NASDAQ:ROKU) stock slumped 25% after the video streaming device maker's quarterly revenue disappointed, reflecting serious disruption from supply chain issues.
- DraftKings (NASDAQ:DKNG) stock fell 14% after the sports betting company projected a larger than expected full-year loss as costs continue to rise.
Deere & Company (NYSE:DE) stock rose 1.4% after the agricultural equipment manufacturer raised its full-year profit forecast, with high grain prices set to translate into solid demand for its tractors and combines.
Dupont stock rose 3.3% after the industrial materials maker announced it will sell its mobility and materials unit for $11 billion to Celanese (NYSE:CE), up 3%, as it adjusts its portfolio.
NatWest (NYSE:NWG) ADRs fell 2.8% after the U.K.-based lender lowered its cost-cutting target, citing inflation pressures, overshadowing the announcement of a final dividend of and another 750 million pounds ($1.02 billion) in share buybacks.
Redfin (NASDAQ:RDFN) stock slumped 26% after RBC downgraded its stance on the real estate brokerage to ‘sector perform’ from ‘outperform’, saying the bull case for the stock is “broken”.
Charles Schwab (NYSE:SCHW) stock rose 1.1% after Deutsche Bank issued a ‘buy’ call on the financial services company, saying it could be a good bet as the Federal Reserve starts lifting interest rates.
Virgin Galactic (NYSE:SPCE) stock rose 1.3% following the announcement that chairman Chamath Palihapitiya is stepping down from the space tourism company’s board of directors, effective immediately.
Fastly (NYSE:FSLY) stock rose 2.6%, rebounding after the Cloud company lost a third of its value in the previous session. The drop has gone too far, said Raymond James, and investors should take advantage of this. RJ sees 80% potential upside.
Shake Shack (NYSE:SHAK) stock fell 14% after the burger chain forecast first-quarter revenue below expectations, as the Omicron surge kept diners away.
Livent (NYSE:LTHM) stock rose 8.7% after the lithium producer forecast healthy growth in its revenue for 2022 after a strong fourth-quarter performance.