Stock Market

In this article

Check out the companies making headlines before the bell:

UnitedHealth (UNH) – The health insurer’s stock rose 1.7% in the premarket after its quarterly earnings and revenue beat forecasts, and it raised its full-year outlook. The company’s results were helped in part by a strong performance at its Optum health care services unit.

Wells Fargo (WFC) – The bank reported quarterly earnings of 74 cents per share, which included an 8-cent equity impairment charge, compared with a consensus estimate of 80 cents. Revenue fell short of Wall Street forecasts during the quarter. Wells Fargo’s profit fell from a year ago as it set aside more money to cover possible bad loans, and the stock fell 1% in premarket trading.

Pinterest (PINS) – The image-sharing company’s stock soared 15.9% in premarket action after the Wall Street Journal reported that activist investor Elliot Management became a major shareholder, accumulating a more than 9% stake.

Rio Tinto (RIO) – The mining company’s stock fell 1.7% in the premarket after it warned that labor shortages in Australia would impact its second-quarter earnings.

BlackRock (BLK) – The asset management firm earned an adjusted $7.36 per share for the second quarter, missing the consensus estimate of $7.90, with revenue also falling short of forecasts. Profit was down 30% from a year ago amid the global market turmoil that discouraged investors. BlackRock fell 1% in premarket trading.

Vertical Aerospace (EVTL) – The maker of electric aviation vehicles saw its stock surge 13.1% in premarket action after it announced a 50-vehicle order from European business jet operator FLYINGGROUP.

Solar stocks – Stocks in solar-related companies fell in the premarket after Democratic Sen. Joe Manchin said he would not support new climate change funding bills. Sunrun (RUN) slid 7.6%, SunPower (SPWR) fell 5%, SolarEdge Technologies (SEDG) lost 3.7% and First Solar (FSLR) fell 3.1%.

Articles You May Like

AMD’s Latest Chip Patent Could Revolutionize Computing
How to Use the Price to Sales Ratio for Finding Value
Investing in Japan
Key Information to Check Before Trading a Market
How Much Money Should You Use in Your Portfolio for Each Trade