Stock Groups

GE, Palantir, PayPal and more

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See which companies are making the headlines even before the bell rings.

General Electric (GE) — Shares of GE rallied more than 7% in the premarket after the company announced it will split up into three publicly traded entitiesThe company’s focus is on the areas of aviation, energy and health care. GE announced that its Healthcare unit will be spun off by the beginning of 2023, and its Energy unit by the beginning of 2024.

Palantir (PLTR) — Palantir shares dipped 2% in the premarket even after the software and data analytics company’s third-quarter revenueThe Wall Street prediction was beaten. Refinitiv reported that the revenue for Palantir was $392 Million, compared to $385 millions expected. The earnings per share of Palantir were consistent with expectations.

Coinbase (COIN) — Shares of the cryptocurrency exchange rose more than 2% in the premarket after bitcoin hit a new all-time highOn Tuesday, Ethereum rallied above $68,000. Ethereum set another record and reached $4,800.

Cinemark (CNK) — Shares of Cinemark gained more than 2% in early morning trading after Credit Suisse upgraded the movie theater stockTo outperform neutral. Cinemark, according to the company, is “best placed U.S. pureplay theater operator” as recovery continues into 2022.

Nucor (NUE) — Nucor shares dipped more than 1% in early morning trading after Citi downgraded the steel stock to neutralFrom buy. Citi announced that Nucor’s rally Monday was due to the House passing a massive infrastructure spending bill.

Roblox (RBLX) — Roblox shares surged more than 25% in early morning trading after better-than-expected quarterly results. According to Refinitiv, the online gambling platform generated $637.8 millions in revenue, compared with $636.5 million as expected by Wall Street analysts.

TripAdvisor (TRIP) — TripAdvisor shares fell more than 8% premarket after the travel-booking company missed Wall Street expectations for its third-quarter financial results. For $303M in revenue, TripAdvisor earned an adjusted 16c per share. Refinitiv interviewed analysts and forecast that the company would make 24 cents per shared on revenue of $304 millions.

Robinhood Markets (HOOD) — Robinhood shares retreated more than 3% in early morning trading after the company announced a data security breachThe following is the conclusion. Robinhood stated that the breach took place late last Wednesday night and that the third-party “had access to limited personal information.” [Robinhood’s]Customers

PayPal (PYPL) — PayPal shares fell more than 4% premarket after the digital payments company reported quarterly results. Refinitiv’s consensus estimate for $6.23 trillion was $6.18billion, but the company’s $6.18billion revenue fell below it. PayPal’s fourth quarter forecast was also disappointing and fell below analyst expectations.

SmileDirectClub (SDC) — SmileDirect shares sunk more than 22% in early morning trading after the digital dentistry company reported weaker-than-expected. The quarterly results. StreetAccount estimates that the revenue for this company was $138 Million, which is less than $182.5M expected.

Disclosure: NBC Nightly News investigated SmileDirectClub’s complaints to customers in 2020. The company charged NBCUniversal with publishing misleading information about them and demanded $2.85 billion in defamation.

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