Take a look at the businesses making headlines earlier than the bell:
Beyond Meat (BYND) — Shares of the alternative-meat maker dipped 2.4% in premarket buying and selling after Piper Sandler downgraded the corporate to an underweight ranking. “Past is an early chief in plant-based meat, however we imagine its present all-channel retail momentum lags consensus expectations,” the agency stated in a word to shoppers.
Wynn Resorts (WYNN), Las Vegas Sands (LVS) — Macao-related on line casino shares dipped once more as authorities weigh tighter rules on Macao’s gaming trade. Wynn declined 1.8%, whereas Las Vegas Sands slid 2.4%. JPMorgan downgraded each shares to impartial from chubby following the governmental motion, writing in a word to shoppers that they “do not just like the uncertainty and opacity surrounding Macao and China coverage.”
DoorDash (DASH) — Financial institution of America upgraded DoorDash to a purchase ranking, sending shares 3% larger throughout premarket buying and selling. The agency’s bullish name is predicated on upside to 2021 estimates in addition to a “sturdy” five-year development alternative.
Cisco Systems (CSCO) — Cisco Techniques gained 1.2% after a number of bullish Wall Road calls that adopted the corporate’s investor day. Credit score Suisse upgraded the inventory to an outperform rating, saying Cisco is poised to execute on its long-term steering whereas ramping its recurring income streams. JPMorgan, in the meantime, reiterated its chubby ranking and added the inventory to its analyst focus listing
Fisker (FSR) — Shares of the electrical car firm dipped 2.7% after Financial institution of America downgraded the inventory to impartial from purchase. The agency stated that whereas Fisker is “one of many extra professional among the many universe of start-up electrical car automakers,” the “aggressive panorama is changing into extremely fierce.” Financial institution of America additionally downgraded Lordstown Motors (RIDE) to underperform, sending shares down 2% in premarket buying and selling.
Cabot Oil & Gas (COG) — The vitality inventory superior 1.3% on Thursday morning, regardless of a pullback in pure fuel futures. Cabot’s inventory has surged 25% throughout September amid a historic run in pure fuel, which has seen costs hit their highest degree in additional than seven years.
Alibaba (BABA), JD.com (JD), Pinduoduo (PDD) — U.S.-listed shares of Chinese language tech shares declined amid ongoing fears over what new regulatory measures may imply for the group. All three shares dipped greater than 1%.
https://www.cnbc.com/2021/09/16/stocks-making-the-biggest-moves-premarket-beyond-meat-cisco-las-vegas-sands-and-more.html | Past Meat, Cisco, Las Vegas Sands and extra