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Stocks - CVS, Southwest Sink in Premarket, Garmin Surges, Tesla Drops

Published 02/20/2019, 08:17 AM
Updated 02/20/2019, 08:17 AM
© Reuters.

Investing.com - Stocks in focus in premarket trade Wednesday:

• CVS (NYSE:CVS) stock sank 7.8% by 8:25 AM ET (13:25 GMT) as another charge to its long-term care business hit quarterly earnings and the company provided a full-year profit outlook that missed analysts’ estimates.

• Southwest Airlines (NYSE:LUV) stock plunged 4.28% after the company cut its forecast for first-quarter revenue per seat-mile.

Garmin Ltd (NASDAQ:GRMN) stock surged 5.88% as its full-year guidance topped consensus.

• Caesars Entertainment (NASDAQ:CZR) stock gained 1.14% as the company said it would continue to study its options a day after activist investor Carl Icahn suggested it look for a buyer.

• Goldman Sachs (NYSE:GS) stock inched up 0.16% as it joined a group of investors to back U.S. construction finance tech startup Rabbet.

• Tesla (NASDAQ:TSLA) stock lost 0.90% amid news that the company planned to launch a leasing program for Model 3s in a move to boost demand, according to Electrek. Tesla had previously resisted the move in order to maximize cash flow from Model 3 sales.

Kinder Morgan (NYSE:KMI) stock could see movement in the regular session amid a Reuters report that the company will expand capacity at its Chicago ethanol terminal in order to avoid possible trade manipulation.

Latest comments

should've bought those puts yesterday it was on my scanner
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