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Stocks - Goldman Sachs, Moderna and Apple Gain Premarket

Stock MarketsJul 15, 2020 08:17AM ET
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By Peter Nurse -- Stocks in focus in premarket trade on Wednesday, July 15th. Please refresh for updates.

  • Goldman Sachs (NYSE:GS) stock rose 4.9% after posting second-quarter net profit some 60% above forecasts thanks to a massive windfall from its bond and equities trading operations.

  • Moderna (NASDAQ:MRNA) stock rose 16% after its experimental Covid-19 vaccine showed promising results, with “robust” immune responses in all 45 volunteers taking part in the early-stage human trials.

  • Apple (NASDAQ:AAPL) stock rose 1.7% after the tech giant won its appeal to Europe's second-top court, meaning it won’t have to pay around $15 billion in Irish back taxes. 

  • Tesla (NASDAQ:TSLA) stock rose 1.8% after Travis County in Texas voted to give tax breaks worth almost $15 million to build its planned pickup truck there. The company hasn't yet bought the land for a factory there. 

  • UnitedHealth (NYSE:UNH) stock dropped 0.1%, underperforming the general market, after the health care company reported a second-quarter profit beat but revenue that came up short, as premiums and services revenue missed. 

  • Walt Disney (NYSE:DIS) stock rose 3% with its Paris resort set to reopen its gates to guests after four months of closure following the coronavirus pandemic. 

  • PVH (NYSE:PVH) stock rose 5.4% after the parent company of Calvin Klein, Tommy Hilfiger and Heritage Brands announced plans to cut costs by around $80 million. These include axing 162 Heritage Brands stores and cutting its North American office workforce by 12%, or 450 jobs. 

  • Delta (NYSE:DAL) stock rose 6.5% despite the airline saying Wednesday that it would record charges of up to $3 billion for employee voluntary retirement and separation plans during the third quarter. It said Tuesday that more than 17,000 employees opted for buyouts.

  • Netflix (NASDAQ:NFLX) stock fell 1.2% after Comcast (NASDAQ:CMCSA) launched its rival Peacock streaming service Wednesday.


Stocks - Goldman Sachs, Moderna and Apple Gain Premarket

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Nikhil Mehta
Nikhil Mehta Jul 15, 2020 9:17AM ET
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good time to sell, buy back in the afternoon
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