Check out some of the biggest movers in the premarket:
Levi Strauss (LEVI) – Levi Strauss reported quarterly earnings of 34 cents a share for the last quarter, 9 cents a share above consensus. Revenue also exceeded Wall Street forecasts thanks to a 41% increase in digital sales. The apparel maker raised its sales forecast for the first half of this year and bet on a recovery in retail traffic as vaccines hit the market. Shares of the company were up 5.7% in premarket trading.
WD-40 (WDFC) – WD-40 fell 8 cents a share below estimates, with quarterly earnings of $ 1.24 a share. The lubricant producer’s revenues were also below analyst forecasts. The company said supply chain issues are hurting its ability to meet customer demand, and its stock fell 7.9% in the premarket.
Boeing (BA) – Boeing asked a number of customers to temporarily stop flying with 737 Max jets to address a potential electrical problem.
FuboTV (FUBO) – FuboTV won the streaming rights to the Qatar World Cup 2022 qualifiers involving the 10 teams of the South American Football Confederation. Terms of the deal were not disclosed. Stocks increased 6.2% in the premarket.
Bridgetown Holdings (BTWN) – The SPAC, backed by billionaire investors Peter Thiel and Richard Li, is in advanced talks to disclose Indonesia-based travel agency Traveloka, according to people familiar with the case who spoke to Bloomberg. Bridgetown shares contributed 3.5% in premarket trading.
Honeywell (HON) – Honeywell shares rose 1.3% in premarket action after Deutsche Bank upgraded the stock to “buy” from “hold”, noting that its performance so far in 2021 was underperforming, as well as the favorable Honeywell’s exposure to the current state of the economic cycle. JPMorgan Chase also called Honeywell a “top pick,” for similar reasons.
Okta (OKTA) – Okta shares rose 2.5% in premarket trading after gaining 7.2% Thursday. That followed a meeting with analysts at which the maker of identity management software reiterated its outlook for the year and introduced two new products that could expand its addressable market.
Amazon.com (AMZN) – Amazon employees in an Alabama warehouse seem on their way to reject unionization, with about half of the approximately 3,200 ballots counted. So far, the census shows that workers vote against a union by a margin of more than 2-1, although Reuters reports that about 500 ballots have already been challenged.
Southwest Airlines (LUV) – Southwest is recalling more than 2,700 flight attendants from leave in anticipation of a pick-up in summer travel demand. That follows the airline’s recall of more than 200 pilots last week.
PriceSmart (PSMT) – PriceSmart reported higher quarterly profit and sales compared to a year ago, although the discount seller’s results were lower than the estimates of the few analysts who beat the company. PriceSmart said the pandemic continues to weigh on his business in certain markets.
Sogou (SOGO) – China’s regulators will approve the purchase of the country’s third-largest search engine by technology giant Tencent Holdings, according to knowledgeable people who spoke with Reuters. Tencent plans to pay $ 3.5 billion for the 60% of Sogou it does not yet own. Shares of Sogou were up 6.2% in premarket action.
Chipotle Mexican Grill (CMG) – The restaurant chain’s stock remains vigilant after surging for the past six sessions in a row. The stock rose 1.6% yesterday after Wedbush analyst Nick Setyan once again outperformed, based on data suggesting that the same restaurant’s revenue growth is near the top of the company’s forecast. Chipotle shares have nearly doubled in the past 12 months.
AT&T (T) – AT&T said it would record a non-cash profit of $ 2.8 billion for the first quarter related to its retirement plan as benefits exceed a threshold it would have required to reassess its retirement obligations.