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.