Thursday, September 29, 2022

SAP, Hasbro Drop Premarket; Dunkin Brands Rise By Investing.com

-


© Reuters.

By Peter Nurse 

Investing.com — Stocks in focus in premarket trade on Monday, October 26th. Please refresh for updates.

  • SAP (NYSE:) ADRs fell 21% after the German software giant warned that it would take longer than expected to recover from the impact of the coronavirus pandemic, abandoning its medium-term profitability targets.

  • Salesforce.com (NYSE:) stock dropped 2.2% and Oracle (NYSE:) stock fell 3.1%, as a read across from SAP, with these two companies trading in the same sector.

  • Dunkin Brands (NASDAQ:) stock soared 18% after the New York Times reported that the parent company of Dunkin’ and Baskin-Robbins is in preliminary talks to be bought by private equity-backed Inspire Brands.

  • Hasbro (NASDAQ:) stock dropped 3.2% despite the games manufacturer posting better-than-expected quarterly revenue and profit numbers, boosted by demand for its high-profile games amid the pandemic. Its stock is up almost 20% this month.

  • Tesla (NASDAQ:) stock fell 1.6% after Chinese media reported that the electric car manufacturer will begin shipping made-in-China electric cars to Europe on Tuesday, a development interpreted by many as signalling that demand in Asia has not been sufficient to snap up the local production.

  • AstraZeneca (NYSE:) ADRs rose 1% after the U.K.-based pharmaceutical giant said its potential Covid-19 vaccine, being manufactured in conjunction with University of Oxford, triggered a robust  immune response in adults, especially in the elderly – the age group most at risk from the virus.

  • American Airlines (NASDAQ:) stock fell 2.4%, United Airlines (NASDAQ:) stock dropped 3.1% and Delta Air Lines (NYSE:) fell 2.7% amid fears that the resurgence in coronavirus cases will lead to further drops in passenger numbers.

  • Palantir (NYSE:) stock rose 2.1% after JPMorgan (NYSE:) and Jefferies (NYSE:) initiated coverage of the stock with “buy” ratings, after the company went public last month. They cited the company’s data-collecting prowess and capabilities.

 

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

FOLLOW US

0FansLike
3,505FollowersFollow
0SubscribersSubscribe
spot_img

Related Stories