Investing.com - Stocks in focus in pre-market trade Monday:
• Bank of America (NYSE:BAC) stock gained 1.33% by 8:19 AM ET (12:19 GMT) as it reported a 43% jump in second quarter diluted earnings per share to $0.63, above expectations for $0.57.
• Boeing (NYSE:BA) stock rose 0.62% as the company announced it had won an order for 14 freight aircraft for a value of $4.7 billion on the first day of the Farnborough Airshow.
• JB Hunt Transport Services (NASDAQ:JBHT) stock soared 6.71% after reporting better-than-expected revenue and profit.
• BlackRock (NYSE:BLK)stock edged forward 0.05% as the firm reported second-quarter earnings that beat on both the top and bottom lines, but the firm’s chairman and chief executive Laurence Fink recognized an “industry-wide slowdown in flows associated with investor uncertainty in the current market environment”.
• General Electric (NYSE:GE) stock rose 0.43% as David Joyce, chief of its aviation unit, said it expects to pull in $15 billion in contracts at the Farnborough Airshow, as reported by Marketwatch.
• Keurig Dr Pepper (NYSE:KDP) rose 2.06% after Bank of America Merrill Lynch (NYSE:BAC) resumed coverage with a buy recommendation.
• United Parcel Service (NYSE:UPS) stock gained 1.12% after UBS upgraded its recommendation to buy from neutral while downgrading rival FedEx (NYSE:FDX) to neutral from buy. Shares in FedEx were off 0.61%.
• Goldman Sachs (NYSE:GS) stock advanced 0.26% as the New York Times reported that the firm would likely name its current president, David Solomon, as its next chief executive early this week.
• Lockheed Martin (NYSE:LMT) stock gained 0.79% after the Pentagon announced a “handshake deal” for the purchases of next batch of F-35 combat jets. According to The Wall Street Journal, the contract would book the bulk of 141 jets, likely to be worth more than $12 billion in the third quarter.