Business & Investment

Credit Suisse, PayPal, Roku, etc.

Check out the companies that make headlines before the bell:

Discovery Communications, Viacom CBS – Two media stocks are higher than this morning after being hit during the liquidation of stocks involving hedge fund Arquegos Capital. Discovery rose 1.6% after losing nearly 47% of its value in a 6-day streak. Viacom, on the other hand, rose 1.1% after losing 55% of its value in a five-day skid.

Nomura Securities, Credit suisse – Nomura and Credit Suisse fell again in pre-market trading after falling on Monday on news of expected losses due to a drop in the sale of shares in Arquegos Capital. Nomura was down 1.9% and Credit Suisse was down 2.6%.

Albertsons – Supermarket chains Alphabet-Owned by Google, which integrates various Google services to enhance the shopping experience for Albertsons customers.

PayPal Holdings – PayPal Checkout service that makes cryptocurrency holdings available to U.S. customers When they check out to millions of online merchants. Customers will be offered the option to convert cryptocurrencies to fiat currencies before completing their purchase.

T-Mobile US – Wireless operators will end the “TVision” live TV service at the end of April and will instead offer customers discounts to subscribe to Google’s YouTube TV service.

McCormick & Company – Spice and seasoning makers reported adjusted quarterly earnings of 72 cents per share, 13 cents above the consensus estimate and earnings above the estimate. The company also raised its full-year forecast as the pandemic continues to increase the number of consumers cooking at home. McCormick shares rose 2.1% in pre-marketing behavior.

Tegna – The media company has increased its quarterly dividend from the previous 7 cents to 9.5 cents per share, paying registered shareholders on July 1st as of June 4th.

Roku – Video streaming device makers have increased their inventories before the market by 1.6% after upgrading from “hold” to “buy” what Truist Financial sees as multiple opportunities for revenue growth and current valuations.

Yelp – The review site operator has been upgraded from Citi’s “Neutral” to “Purchase”. This allows Yelp to benefit from a variety of trends over the next few years, including restaurant reopenings and reduced selling costs. Yelp has a 1.8% premarket.

BioNTech – German biotechnology company stocks surged 4.9% pre-marketing after raising the production target for the Covid-19 vaccine to 2.5 billion times by the end of 2021. Previously, he was a vaccine partner at BioNTech. Pfizer It predicted production of 2.3 to 2.4 billion.

Factset – The financial information provider reported adjusted quarterly earnings of $ 2.72 per share, two cents short of consensus estimates, but earnings were in line with Wall Street’s forecasts. FactSet also predicted full-year adjusted earnings of $ 10.75 to $ 11.15 per share, compared to a consensus estimate of $ 11.17.

Becton Dickinson – Medical product manufacturers have received an emergency use authorization from the FDA for a new rapid antigen test that can detect both influenza and Covid-19.

Draft Kings – Sports lottery company announced that it has acquired sports lottery and content company VSiN for a private amount. DraftKings shares surged 1% before the market.

Credit Suisse, PayPal, Roku, etc. Credit Suisse, PayPal, Roku, etc.

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