Stock Groups

Uber, Apple, ConocoPhillips Rise Premarket; Lennar Falls By Investing.com


© Reuters.

By Peter Nurse 

Investing.com — Stocks in focus in premarket trade on Tuesday, September 21st. For the latest updates, please refresh.

  • Uber (NYSE:) stock rose 4.6% after the ride-hailing company lifted its financial outlook for the third quarter, saying it will post its first adjusted profit earlier than expected.

  • Freeport-McMoran (NYSE:) stock rose 2.1%, with the mining company benefiting from a rise in the price of , rebounding after hitting a one-month low on Monday.

  • Apple (NASDAQ:) stock rose 0.9% after the Wall Street Journal reported that the iPhone maker was looking at features that can detect depression and cognitive decline.

  • Lennar (NYSE:) stock fell 2.3% following the real estate company saying its third-quarter earnings were hit by supply-chain challenges, and will continue to be affected.

  • Johnson & Johnson (NYSE:) stock rose 0.8% after the drugmaker said its Covid-19 booster is 94% effective in preventing serious illness when administered two months after the first dose.

  • ConocoPhillips (NYSE:) stock rose 1.8%, benefiting from the news that the oil giant had agreed to buy all of Royal Dutch Shell’s assets in the Permian Basin for about $9.5 billion in cash. Shell (LON:) ADRs climbed 5.4%, after it promised to pass on $7 billlion of that to shareholders through buybacks and dividends.

  • U.S. Bancorp (NYSE:) stock rose 1.5% after the lender agreed to buy MUFG Union Bank for about $8 billion, boosting its presence in California, in particular.

  • Big Lots (NYSE:) stock fell 1.6% following Piper Sandler downgrading its stance on the retail company to ‘neutral’ from ‘overweight’, saying the end of fiscal stimulus will benefit the company.

  • Vail Resorts (NYSE:) stock rose 1.7% after KeyBanc upgraded the ski resort to ‘overweight’ from ‘sector weight’, seeing strong demand for winter vacations.

 

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.