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Tesla, GE and F5 Networks Rise Premarket; UPS Falls

Stock MarketsJul 27, 2021 08:03AM ET
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© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Tuesday, July 27th. Please refresh for updates.

  • Tesla (NASDAQ:TSLA) stock rose 1.4% after the electric car manufacturer reported quarterly net income of more than $1 billion for the first time even after taking an impairment of $23 million on account of its bitcoin holdings.

  • General Electric (NYSE:GE) stock rose 4.1% after the industrial conglomerate lifted its free cash flow forecast for the year after reporting positive cash flow in the second quarter. The result was helped by a nascent recovery in its aviation business, which revolves largely around the servicing and delivery of aero engines.

  • Raytheon Technologies (NYSE:RTX) stock rose 1.7% after the aerospace and defense company also profited from the recovery of the commercial air travel market. 
  • United Parcel Service (NYSE:UPS) stock fell 2.4% despite the delivery service beating expectations with its second quarter, helped by its e-commerce deliveries, air shipments and specialized handling of healthcare products such as Covid-19 vaccines.

  • 3M Company (NYSE:MMM) stock rose 0.8% after the maker of N95 face masks and Scotch-Brite home care products posted a strong rise in quarterly profit and raised its full-year sales and profit outlook.

  • Alibaba (NYSE:BABA) stock fell 3.3% and Baidu (NASDAQ:BIDU) stock dropped 4.2% as U.S.-listed Chinese stocks extended their declines on fear that the Chinese regulatory clampdown still has further to run.

  • F5 Networks (NASDAQ:FFIV) stock rose 7.1% after the software company beat expectations with its third-quarter earnings after the close Monday.

  • Advance Auto Parts (NYSE:AAP) stock rose 2.4% after Raymond James upgraded its stance on the company to ‘strong buy’ from ‘outperform’, saying the stock can rise a further 17%.

 

Tesla, GE and F5 Networks Rise Premarket; UPS Falls
 

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Comments (2)
Ian Webster
Ian Webster Jul 27, 2021 9:16AM ET
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This *******is all fake and Manipulated. Get out, also covid was created by the demcrats to steal the electon & ***everyone.
andy matalobos
andy matalobos Jul 27, 2021 9:16AM ET
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Retrumpicans tears makes the best lubricant....Oh yeah.
Jalal Ud Din
Jalal Ud Din Jul 27, 2021 9:02AM ET
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it is all fake statements. World is still facing covid-19 and these corporations are trying to sell their expensive stocks to masses
Jul 27, 2021 9:02AM ET
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nice to hear
 
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