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Tesla, Procter & Gamble and HCA rise premarket; SQM falls

AuthorPeter Nurse
Published 04/21/2023, 07:41 AM
Updated 04/21/2023, 08:04 AM
© Reuters.

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, April 21st. Please refresh for updates.

  • Procter & Gamble (NYSE:PG) stock rose 2.2% after the consumer goods giant raised its full-year sales forecast, signaling higher prices would offset the hit from consumers turning to cheaper alternatives for household essentials.

  • Tesla (NASDAQ:TSLA) stock rose 0.06% after the electric vehicle manufacturer raised the U.S. prices for its Model S and X premium electric vehicles, according to its website on Thursday, although they are still 20% lower than the start of the year.

  • HCA (NYSE:HCA) stock rose 5.7% after the healthcare company lifted its full-year forecast on improving levels of staffing that have allowed it to conduct more surgeries.

  • CSX (NASDAQ:CSX) stock rose 2.6% after the railroad operator posted better-than-expected quarterly profit and revenue late Thursday, boosted by higher shipment rates.

  • PPG Industries (NYSE:PPG) stock rose 1% after the industrial coatings supplier exceeded quarterly profit expectations on the back of higher prices and sales volumes and forecast better-than-expected full-year 2023 earnings.

  • SQM (NYSE:SQM) stock fell 5.7% after Chile's President Gabriel Boric announced on Thursday he would nationalize the country's lithium industry, impacting the Chilean lithium miner.

  • XPO (NYSE:XPO) stock rose 1.7% after Citigroup upgraded the transportation company to ‘buy’ from ‘neutral’, citing the recent executive additions from rivals.

Latest comments

Mitchell Pioneer Are you a bot? No kidding.. No matter where I go and read articles, you post the same comments on every article. Biggest investment joke in the world. You say joke, and you say fraud all the time. Honestly, are you a bot?  I'll slap my momma if you respond. I have picked up at least 5 different bots on here on a regular reading. Can't wait for your response!
profits based upon higher prices. not increased demand, will fade as demand sinks lower as we enter a recession
The curtain prepares to rise on the magic show called the US Ponzi Scheme.  The Wall Street criminals are batting nearly 1,000 sending America into the weekend with a financial knife in the back.  Can't have a loss on a Friday, now can we?  BIGGEST INVESTMENT JOKE IN THE WORLD.
lol what a silly article. so raising prices will offset consumer demand? consumers will buy even less of their products 🤣
it's call price elasticity, it's a concept in economics that's been around for at least 100 years, you may want to google it
consumers bought fewer of their products because the prices were too high, so they raised their prices. seriously?
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