⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Stocks - Stars, Lennar Rise in Premarket; Ameritrade Falls Further

Published 10/02/2019, 08:54 AM
Updated 10/02/2019, 08:56 AM
© Reuters.

Investing.com -- Stocks in focus in premarket trade on Wednesday, 2nd October.

  • TD Ameritrade (NASDAQ:AMTD) fell another 3.8%, adding to Tuesday’s 26% slide as it said it would follow Charles Schwab (NYSE:SCHW) in ending trading commission for U.S. stocks, options and ETFs. CNBC cited Barclays (LON:BARC) analysts as slashing 30% off their forecasts for Ameritrade’s 2020 earnings per share.

  • Stars Group (TSX:TSGI) rose 35% after it agreed to an all-share merger with U.K.-based Flutter Entertainment that will give the combined group a strong position as they seek to crack open a slowly-liberalizing U.S. market for gambling.

  • Johnson & Johnson (NYSE:JNJ) was up 1.0% after it agreed to settle two lawsuits in Ohio for $20 million, a move that will allow it to avoid a federal trial in which it could have faced greater liabilities for its role in the opioid crisis.

  • Exxon Mobil (NYSE:XOM) was down 1.0% after it warned that operating profit fell for the fourth straight quarter in the three months to September. All of its major divisions suffered as crude prices fell in response to the global economic slowdown.

  • Lennar (NYSE:LEN) rose 2.9% after beating forecasts for both earnings and revenue in the three months to August, as falling mortgage rates helped affordability metrics.

  • Nike (NYSE:NKE) fell 0.5%, still under pressure from reports suggesting that CEO Mark Parker was briefed on doping procedures by disgraced athletics coach Alberto Salazar

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.