Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Virgin Galactic Rises Premarket; Did Global, Tencent Music Fall

Stock MarketsJul 12, 2021 08:04AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Monday, July 12th. Please refresh for updates.

  • Virgin Galactic (NYSE:SPCE) stock rose 2.9% after the company successfully completed its first full-crew spaceflight over the weekend, taking another important step towards its commercial launch next year. 

  • Didi Global (NYSE:DIDI) ADR fell 2.4% after the ride-hailing company warned its revenue would suffer as a result of the Cyberspace Administration of China's order withdrawing 25 more of its apps from local app stores.

  • Tencent Music (NYSE:TME) stock fell 2.6% after Reuters reported China’s antitrust regulator is set to order the company’s music streaming arm to give up exclusive rights to music labels it has used to compete with smaller rivals.

  • Walt Disney (NYSE:DIS) stock gained 0.1% after the entertainment giant’s ‘Black Widow’ movie grossed $218 million on its debut weekend, with some $60 million of that generated by distribution through its Disney+ streaming channel. JPMorgan (NYSE:JPM) has also reiterated the company as a ‘top pick’.

  • Nordstrom (NYSE:JWN) stock fell 0.3% after the clothes retailer acquired a minority interest in four brands owned by the online U.K. fashion house ASOS (OTC:ASOMY), aiming at a younger customer base.

  • Clover Health (NASDAQ:CLOV) stock fell 0.8% after JPMorgan downgraded its investment recommendation to ‘underweight’ from ‘neutral’ as the meme stock’s momentum fades with the healthcare company having to improve its fundamental business.

  • Cheesecake Factory (NASDAQ:CAKE) stock rose 1.9% after Raymond James upgraded its recommendation to ‘outperform’ from ‘market perform’, saying the market is underestimating the comeback for full-service restaurants.

  • Chevron (NYSE:CVX) stock fell 0.6%, weighed by today’s falling oil prices, and despite BMO saying investors should buy its stock in view of the major's imminent dividend hike and resumption of buybacks.

  • Prothena (NASDAQ:PRTA) stock rose 7% after Danish drugmaker Novo Nordisk (NYSE:NVO) said it  will acquire the drug developer's experimental heart therapy in a deal that could be worth up to $1.23 billion.

  • Alphabet (NASDAQ:GOOGL) stock rose 0.4% after Reuters reported that the tech giant’s unit Google will seek to overturn a record 4.34-billion-euro ($5.15 billion) EU antitrust fine at a hearing in September at Europe's second-highest court.

 

Virgin Galactic Rises Premarket; Did Global, Tencent Music Fall
 

Related Articles

2 Alternative Fuel Stocks to Buy for a Cleaner Future
2 Alternative Fuel Stocks to Buy for a Cleaner Future By StockNews - Oct 21, 2021

The alternative fuel sector is gaining traction worldwide, driven by government initiatives to address climate concerns. For instance, the Biden administration is working to revamp...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (3)
بلال عباس
بلال عباس Jul 12, 2021 9:33AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
belal_abas_17
Johnny Prince
Johnny Prince Jul 12, 2021 9:20AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
please if os not real kindly let me know cause all i need is real investment site
Erin Magnanimous
Erin Magnanimous Jul 12, 2021 9:20AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
what you need to do its to study geopolitics and markets
Erin Magnanimous
Erin Magnanimous Jul 12, 2021 9:20AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
what you need to do its to study geopolitics and markets
Erin Magnanimous
Erin Magnanimous Jul 12, 2021 9:20AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
study geopolitics and markets
DR Tixe
DR Tixe Jul 12, 2021 9:15AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email