Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Stocks: Deere Falls, GE, Nvidia Rise in Premarket

Published 08/16/2019, 08:44 AM
Updated 08/16/2019, 08:54 AM
© Reuters.

  • General Electric (NYSE:GE) stock bounced 4.4%, recouping some of its losses from Thursday in the wake of Harry Makropoulos’ attack on the company’s accounting practices. A regulatory disclosure showed that CEO Larry Culp had bought shares on Thursday to take advantage of the dip.

  • NVIDIA (NASDAQ:NVDA) stock rose 5.4% after the company released stronger-than-expected figures for the three months through July late Thursday. It said it expects the year-on-year decline in revenue to bottom out, and also posted record sales of chips to the automotive sector.

  • Advanced Micro Devices (NASDAQ:AMD) was up 2.9% along with other chipmakers, lifted by Nvidia’s outlook.
    • Deere & Company (NYSE:DE) shares fell 0.9%, missing out on the broader market bounce, after it cut its profit forecast for the full year, citing a reluctance to invest by farmers, its biggest clients, in light of the ongoing trade conflict with China.

    • Cathay Pacific ADRs (OTC:CPCAY) were set to be in focus after the Hong Kong-based airline lost its chief executive. Rupert Hogg resigned amid mounting pressure from the Chinese authorities, who were unhappy at Cathay staff’s participation in pro-democracy protests.

  • Cisco Systems (NASDAQ:CSCO) was up 0.5%, still lagging the broader market after its worst day in six years on Thursday.
  • Latest comments

    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.