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Twitter, Tesla, Roku Rise Premarket; Adobe Falls

Stock Markets Jun 17, 2022 07:38AM ET
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By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, June 17th. Please refresh for updates.

  • Twitter (NYSE:TWTR) stock rose 1.7% after billionaire Elon Musk told employees that he’s still committed to his bid for the social media company, but gave a back-handed warning of staff cuts coming down the line if he succeeds.

  • Tesla (NASDAQ:TSLA) stock rose 1.5%, helped by the better overall tone, despite the electric car manufacturer raising the price for some Model Y cars for the Chinese market.

  • Adobe (NASDAQ:ADBE) stock fell 3.8% after the software company offered up disappointing full-year guidance after the close Thursday, citing the war in Ukraine, a $175 million foreign-exchange headwind, and summer seasonality.

  • Roku (NASDAQ:ROKU) stock rose 5.4% after the streaming service announced a partnership with Walmart (NYSE:WMT), with the deal allowing Roku’s viewers to take advantage of the retail giant’s e-commerce platform.

  • Alibaba (NYSE:BABA) ADRs rose over 10% after Reuters reported that China's central bank has accepted affiliate Ant Group's (HK:6688) application to set up a financial holding company.
  • United States Steel (NYSE:X) stock rose 7.3% after the steel producer announced stronger than expected second quarter guidance and also accelerated its stock buybacks in the same quarter.

  • Dow (NYSE:DOW) stock fell 0.9% after Citigroup downgraded its stance on the chemicals company to ‘neutral’ from ‘buy’, saying the sector will struggle going forward.

  • Utz Brands (NYSE:UTZ) stock almost 9% after Goldman Sachs upgraded the snack foods company to ‘buy’ from ‘neutral’, saying it is now at a “compelling entry point.”

Twitter, Tesla, Roku Rise Premarket; Adobe Falls
 

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Comments (5)
Asgor Ali
Asgor Ali Jun 17, 2022 10:22AM ET
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I am very happy
Mitchel Pioneer
Mitchel Pioneer Jun 17, 2022 9:06AM ET
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The Friday FRAUD is about to unfold with flagrant predictability.  What better a time for savvy "investors" to load up on stocks than today, heading into yet another weekend of uncertainty.  The biggest investment JOKE in the world is putting on quite a show this week.  It's no wonder why the global financial community is dying of laughter as they watch this criminally manipulated farce operate on the world stage, defrauding America in broad daylight.
BENJAMIM IZQUIERDO
BENJAMIM IZQUIERDO Jun 17, 2022 9:06AM ET
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What do u mean?
Darshpreet Singh
Darshpreet Singh Jun 17, 2022 8:46AM ET
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the market will fly high today
marlow seay
marlow seay Jun 17, 2022 8:31AM ET
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Putcity .....someone got trapped on fed day
S K
S K Jun 17, 2022 8:10AM ET
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There's no such thing as a 'low' or a 'bottom' in a bear market. It just renews new lows and new bottoms every single week.
Atlantic Coast Money
Atlantic Coast Money Jun 17, 2022 8:10AM ET
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If you know it all, stay short and become a billionaire in no time at all.
Keith Wilson
Keith Wilson Jun 17, 2022 8:10AM ET
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lol your comment makes zero sense.
 
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