Stock Groups

Procter & Gamble, Johnson & Johnson, Travelers and more

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Check out these premarket movers:

Procter & Gamble (PG) – The consumer products giant beat estimates by 2 cents a shareEarnings per quarter of $1.61 per Share Wall Street estimates were also exceeded by revenue. P&G said it was facing increasing commodity and transportation costs, however, and its shares fell 1.1% in the premarket.

Johnson & Johnson (JNJ) – J&J shares rose 1% in premarket trading after the company reported quarterly profit of $2.60 per shareFor every 25 cents of a share, the revenue exceeded estimates by 25 cents. Analysts expected revenue to be slightly lower than actual. J&J also raised its full-year outlook, noting strength across all its businesses.

Travelers (TRV) – The insurance company’s stock jumped 3.3% in premarket action after it beat top and bottom line estimates for the third quarter. Strong investment results and strong underwriting helped Travelers earn $2.60 per share. This is well over the consensus estimate of $1.67 per share.

Bank of New York Mellon (BK) – The bank came in 3 cents a share ahead of estimates, with quarterly earnings of $1.04 per share. Also, revenue was higher than expected, thanks to funds from credit loss provisions and increased fee income.

Halliburton (HAL) – The oilfield services company matched forecasts, with quarterly profit of 28 cents per share. Analysts’ expectations were not met by revenue. The company believes that rising oil prices will continue to help Halliburton’s results. In premarket trading, its shares dropped 1%.

Walmart (WMT) – Walmart added 1.9% in the premarket after Goldman Sachs added the retailer’s stock to its “Conviction Buy” list, citing the company’s increasing ability to generate earnings growth.

Philip Morris International (PM) – The tobacco producer came in 3 cents a share ahead of estimates, with quarterly earnings of $1.58 per share. Revenue rose above expectations due to an increase in shipment volume.

Alibaba (BABA) – Alibaba announced it has developed a custom computer chip that the China-based tech giant will use to power its data center servers. This chip is not available outside Alibaba. Stock gained 1.8% during the premarket

BioNTech(BNTX) Pfizer(PFE) Moderna (MRNA) – The drugmakers are on watch list after multiple reports that the Food and Drug Administration was set to approve “mix and match” Covid-19 vaccine booster doses this week, allowing people to receive boosters with a different vaccine than they originally received. Moderna gained 1.8% and BioNTech rose 2.7% during premarket trading.

Sinclair Broadcast Group (SBGI) – Sinclair is still working to contain a cybersecurity breach that disrupted operations throughout its TV broadcast stations and networks. It was not immediately clear whether the disruption would have any material effect on financial results.

Zions Bancorp (ZION) – Zions beat estimates by 10 cents a share, with quarterly earnings of $1.45 per share. Wall Street expectations were not met by the bank’s actual revenue. Zions stated that loan demand is now stronger after several quarters of weakness. Premarket, its stock fell by 2.1%

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