Check out some of the biggest drivers in the front market:
Levi Strauss (LEVI) – Levi Strauss made a quarterly profit of 34 cents per share for its last quarter, 9 cents per share above consensus. Revenue also surpassed Wall Street forecasts, with a 41% increase in digital sales. The clothing manufacturer has increased its revenue forecast for the first half of this year and is betting on a rebound store traffic as vaccines begin. The company’s share jumped 5.7% in market trading.
WD-40 (WDFC) – WD-40 was down 8 cents per share, with quarterly earnings of $ 1.24 per share. The revenue from the lubricant also came under the predictions of analysts. The company said supply chain issues hampered the customer’s ability to meet demand, and its inventory fell by 7.9% in the futures market.
Boeing (BA) – Boeing has asked some customers to temporarily stop flying 737 Max aircraft to correct a possible electrical problem.
FuboTV (FUBO) – FuboTV has won the streaming rights for the qualifying matches for the 2022 World Cup in Qatar involving the ten teams in the South American Football Confederation. The terms of the agreement have not been disclosed. The share rose by 6.2% in the forex market.
Bridgetown Holdings (BTWN) – The SPAC, backed by billionaire investors Peter Thiel and Richard Li, is in advanced talks to launch travel agency Traveloka in Indonesia, according to people familiar with Bloomberg. Bridgetown shares added 3.5% in pre-market trading.
Honeywell (HON) – Honeywell shares rose 1.3% in market action after Deutsche Bank upgraded the stock to ‘buy’ ‘hold’, noting that underperformance so far in 2021 as well as Honeywell’s favorable exposure to the current state of the economic cycle. JPMorgan Chase also called Honeywell a ‘top choice’, citing similar reasons.
Octa (Octa) – Octa shares rose 2.5% in trading on the market after rising 7.2% on Thursday. This follows a meeting with analysts at which the identity management software maker reiterates its guidelines for the year and launches two new products that could expand the addressable market.
Amazon.com (AMZN) – Amazon workers in a warehouse in Alabama appear to be on the verge of union rejection, with about half of the approximately 3,200 ballots counted. So far, the count shows workers voting against a union with more than a 2-1 margin, although Reuters reports that about 500 ballots have already been challenged.
Southwest Airlines (LUV) – Southwest is recalling more than 2,700 flight attendants from absent leaves, pending a rebound in summer travel demand. This follows the recall of more than 200 pilots by the airline last week.
PriceSmart (PSMT) – PriceSmart has higher quarterly earnings and sales compared to a year ago, although the discount retailer’s results were lower than the estimates of the few analysts covering the company. PriceSmart said the pandemic is still weighing its business in certain markets.
Sogou (SOGO) – China’s regulators are set to clear the purchase of the country’s third largest search engine by tech giant Tencent Holdings, according to people familiar with the matter who spoke to Reuters. Tencent plans to pay $ 3.5 billion for the 60% of Sogou it does not yet own. Sogou shares jumped 6.2% in market action.
Chipotle Mexican Grill (CMG) – The restaurant chain’s inventory continues to rise as it has risen for the past six consecutive sessions. The stock rose 1.6% yesterday after Wedbush analyst Nick Setyan reiterated a “better performance” due to data indicating that sales growth in the same restaurant is close to the company’s forefront. Chipotle shares have nearly doubled in the past twelve months.
AT&T (T) – AT&T has said it will record a non-cash gain of $ 2.8 billion for the first quarter, related to its pension plan, as distributions exceed a threshold that required it to revalue its pension obligations .