Stock Groups

JPMorgan Chase, BlackRock, Delta Air and others


Take a look at the top companies that made headlines long before the bell rang.

JPMorgan Chase (JPM) – JPMorgan Chase reported a profit of $3.74 per share for the third quarter, compared with a consensus estimate of $3.00, while revenue also topped Wall Street forecasts. Jamie Dimon, the CEO, said that the quarter was solid despite the negative impact of the Delta variant’s supply chain disruptions.

BlackRock (BLK) – The asset management firm earned an adjusted $10.95 per share for the third quarter, beating the $9.35 consensus forecast. The revenue beat all estimates, even though some fees were waived during the quarter. Although asset under management saw a decrease in growth, it was still higher than the analysts expected. BlackRock’s premarket share rose by 2.6%

Delta Air Lines (DAL) – The airline beat estimates by 13 cents with adjusted quarterly earnings of 30 cents per share, while revenue beat forecasts as well. Delta made its quarterly profit for the first time since before the pandemic. However, due to rising fuel costs it anticipates a small loss in current quarter. Premarket, Delta declined 1.6%.

SAP (SAP) – SAP rallied 5.3% in premarket trading after the German business software company raised its full-year outlook for a third time. As more customers move to the cloud, this upgrade is necessary.

Plug Power (PLUG) – The hydrogen fuel cell maker jumped 7.1% in the premarket after announcing a partnership with Airbus to decarbonize air travel and airport operations, with plans to select a U.S. airport as the first “hydrogen hub” pilot airport.

Hasbro (HAS) – Hasbro Chief Executive Officer Brian Goldner has died at age 58, just days after taking a medical leave. Although the cause of death was not announced by Hasbro, Goldner had been diagnosed in 2014 with prostate cancer. Hasbro shares dropped 1% during premarket action.

Qualcomm (QCOM) – Qualcomm announced a $10 billion share buyback program. This buyback by the chipmaker is on top of $900 million that was left from an earlier buyback program in July 2018. Stock gained 1.8% during the premarket

Apple (AAPL) – Apple is likely to cut iPhone 13 production by as many as 10 million units due to the global chip shortage, according to people familiar with the matter who spoke to Bloomberg. It would mean a reduction of around 11% from existing plans.

Vimeo (VMEO) – Vimeo said its total revenue in September jumped by 33% over a year ago, with the video software company’s subscriber numbers up 14% and average revenue per user up 16%. Vimeo saw a 3.6% increase in premarket trading.

Sun Country Airlines (SNCY) – Sun Country slumped 5.7% in the premarket after the company announced an 8 million-share stock offering. Stockholders are selling the shares, and the company is not receiving any profits from the sale.

Sarepta Therapeutics (SRPT) – Sarepta slid 5.8% in premarket trading after issuing guidance that was below analyst forecasts, as well as announcing a $500 million stock offering. Although positive drug trials results were good, shares of the biotech firm fell 8.1% Monday. However, they recovered 4.1% Tuesday.