Check out some of the biggest drivers in the front market:
Palantir Technologies (PLTR) – The share of the industry analytics company sank 6.2% in the futures market after reporting a quarterly loss, although revenue had the highest estimate of Street on a jump in new contracts.
AutoNation (AN) – The car dealer defeated estimates by 42 cents per share, with a quarterly earnings of $ 2.43 per share. Revenue has also been estimated above, as demand remains high amid tight inventory. AutoNation has announced the addition of $ 1 billion to its buyback program, and its shares are up 1.9% in market trading.
MicroStrategy (MSTR) – The industry analytics company continues its significant investment in bitcoin, which is now close to the $ 50,000 mark. Its shares rose another 5% in the forex market.
Constellation Brands (STZ) – Bierbrouer AB InBev (BUD) is suing Constellation over the use of the Corona brand for its hard seltzer. AB InBev claims that an agreement in 2013 between the two, as far as the brand is concerned, did not allow Constellation to use it for products other than beer. Shares of AB InBev rise 3% in pre-market trading.
CoreLogic (CLGX) – CoStar Group (CSGP) has submitted a new bid to acquire competitive real estate data provider CoreLogic worth $ 95.76 per share, following CoreLogic’s February 4 agreement between Stone Capital and Insight Partners of private equity firms for $ 80. per share in cash. CoStar made its new bid in a letter to the CoreLogic board, saying it was surprised to hear that CoreLogic had accepted the deal on its previous bid of $ 86.30 per share in stock. CoreLogic rose 5.5% in pre-trading, while CoStar fell 3.4%.
Southwest Airlines (LUV) – The airline said it would continue to have a significant impact on Cvid-19 on year-on-year passenger demand, although it said it would improve from February to March. Southwest shares rose 2.2% in the futures market.
CVS Health (CVS) – CVS reported quarterly earnings of $ 1.30 per share, 6 cents per share above the estimate. Revenue was also above the forecasts of Wall Street, which was helped in part by Covid-19 testing and vaccinations at its pharmacies. Its shares rose 2.4% in pre-market trading.
Progressive (PGR) – The insurer has entered into an agreement to acquire Protective Insurance (PTVCB) for $ 23.30 per share in cash, compared to Protective’s closing of $ 15.01 on Friday. Protective stocks rose 47% in foreground trading.
Apple (AAPL) – Carmaker Nissan has said it is not in talks with Apple about a possible joint venture for autonomous vehicles. According to a report in the Financial Times, the two companies briefly discussed the matter, but the talks faltered.
Facebook (FB) – Facebook is designing a smartwatch with messages and health and fitness information, according to technology website The Information, referring to people familiar with the matter. According to the report, sales of the device will begin next year.
Nvidia (NVDA) – The Federal Trade Commission has launched an investigation into the graphic disc maker’s deal to buy disc designer Arm Holdings in the UK for as much as $ 40 billion. The protesters were reportedly protested by Alphabet (GOOGL), Qualcomm (QCOM) and Microsoft (MSFT) for regulators. Nevertheless, Nvidia shares rose 1.2% in pre-market performance.
Bristol-Myers Squibb (BMY) – Bristol and French partner Sanofi (SNY) will pay more than $ 834 million to Hawaii in a case involving the blood thinner Plavix. The state accused the drug manufacturers of warning non-white patients about the risks associated with the drug. Bristol and Sanofi said the verdict was inconsistent with the evidence and promised to appeal.
Toyota Motor (TM) – The carmaker will halt production at nine factories in Japan following an earthquake that struck the northeastern region of Japan last week. Toyota did not specify the impact on production. Its shares fell 1.1% in trading on the market.
Cintas (CTAS) – The provider of uniforms and construction services has a better outlook on the current quarter than expected, saying it now has a clearer picture of the impact of Covid-19 on its business and that its balance sheet is solid stay.