Stock Groups

McDonald’s, Blackstone, Netflix and others


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

Comcast (CMCSA) – The NBCUniversal and CNBC parent earned an adjusted 77 cents per share for the fourth quarter, 4 cents above estimates, with revenue also above analyst forecasts. Comcast also increased its share buyback program by $10 billion and announced an 8% increase in dividends. Comcast saw a 1.1% increase in premarket trading.

McDonald’s (MCD) – McDonald’s fell 2% in the premarket after missing top and bottom-line estimates for the fourth quarter. The adjusted quarterly earnings were just $2.23 per sen, which was 11 cents below consensus. It was hurt by increased expenses.

Blackstone (BX) – The private equity firm’s stock jumped 4% in premarket trading after reporting a better-than-expected quarterly profit. Blackstone’s distributable earnings per share were $1.71 compared to a consensus estimate $1.37. This is due to a strong investment record and high cash flows.

Netflix (NFLX) – Investor William Ackman’s Pershing Square bought 3.1 million shares of the video streaming service, saying a recent sell-off in Netflix shares presented an attractive buying opportunity. Netflix’s premarket gain was 4.5%

Tractor Supply (TSCO) – The home improvement and farm supplies retailer reported better-than-expected earnings and revenue for the fourth quarter, raised its quarterly dividend by 77%, and increased its stock buyback program by $2 billion. Stock rose 3.8% during the premarket

Tesla (TSLA) – Tesla reported an adjusted quarterly profit of $2.54 per share, 18 cents above estimates, with revenue also topping Wall Street forecasts. Tesla said it would not introduce any new models this year – including its Cybertruck – as it prioritizes deliveries in the wake of ongoing supply chain issues. Premarket activity saw Tesla fall 1.2%.

Intel (INTC) – Intel beat estimates by 18 cents with adjusted quarterly earnings of $1.09 per share and revenue above analyst estimates. As the chipmaker increased its spending on new product development, overall profit fell by 3.3%.

Levi Strauss (LEVI) – Levi Strauss surged 8.3% in the premarket after the apparel company issued an upbeat annual forecast amid strong demand for its jeans and jackets. Levi Strauss earned an adjusted 41c per share which was one cent more than estimates, beating estimates for its top and bottom line.

LendingClub (LC) – LendingClub shares plunged 15.6% in the premarket despite beating top and bottom-line estimates for its latest quarter, as it issued a weaker-than-expected full-year forecast.

Lam Research (LRCX) – Lam Research beat estimates by 2 cents with adjusted quarterly earnings of $8.53 per share. The chipmaker missed its revenue estimates, and issued a lower-than-expected quarterly forecast due to ongoing supply chain problems. Lam shares lost 5.3% in premarket trades.

Seagate Technology (STX) – Seagate Technology jumped 8% in premarket action after the disk drive maker issued an upbeat forecast and raised its long-term profit margin target.