Morning Alert for 23rd July 2024 from The Tokenist
What to look out for as another trading day kicks off!
Created at 8:26 AM EDT.
⏰ Premarket News Roundup:
What’s moving in today’s premarket trading session?
Let’s take a quick look:
DHR (+7.22%): Danaher saw a significant rise of 7.22% in premarket trading, driven by strong second-quarter results and the announcement of new centers of innovation in diagnostics. (Read our coverage: Danaher Corporation Beats Q2 Expectations with $907 M in Net Earnings.)
SHW (+5.79%): Sherwin-Williams' stock increased by 5.79%, buoyed by an upward revision of its 2024 profit forecast due to anticipated residential demand.
MSCI (+5.53%): MSCI's stock climbed 5.53% following a rise in profits attributed to robust demand for its index products.
HCA (+5.18%): HCA Healthcare's stock rose 5.18% after the company lifted its annual profit forecast on strong demand.
SOLV (+4.38%): Solventum's shares increased by 4.38%, supported by positive reception of their new AI-powered denials prevention solution for health systems.
GE (+3.35%): General Electric's stock gained 3.35%, boosted by strong earnings and new orders in its aerospace division.
TMO (+3.22%): Thermo Fisher Scientific's stock was up by 3.22%, aided by positive market sentiment and strong earnings expectations.
GM (+2.72%): General Motors' stock increased 2.72% following the company's announcement of restructuring its China business and beating earnings estimates. (Read our coverage: General Motors Co. Beats Q2 Expectations with $47.9 B in Revenue.)
UHS (+2.65%): Universal Health Services' stock rose 2.65% on expectations of beating earnings estimates again in the upcoming report.
LMT (+2.19%): Lockheed Martin's stock increased by 2.19% after the company raised its 2024 sales target due to high demand for fighter jets and missiles.
BALL (+1.96%): Ball Corporation saw a 1.96% rise in its stock, driven by positive sentiment from upcoming earnings announcements.
PHM (+1.96%): PulteGroup's stock increased by 1.96%, attributed to better-than-expected quarterly profits from higher home sales.
PM (+1.89%): Philip Morris' stock rose 1.89% following an upward revision of its annual profit forecast due to strong demand for nicotine pouches.
HON (+1.85%): Honeywell's stock increased by 1.85%, driven by positive market expectations ahead of its earnings report.
MTCH (+1.71%): Match Group's stock rose by 1.71%, fueled by investor optimism and recent analyst upgrades.
KO (+1.51%): Coca-Cola's stock increased by 1.51% after the company raised its full-year guidance on strong global consumer demand.
JCI (+1.5%): Johnson Controls' stock rose 1.5% following the announcement of the sale of its residential and light commercial HVAC business to Bosch.
FSLR (+1.48%): First Solar's stock increased by 1.48% amid positive market sentiment and ongoing patent infringement investigations.
CRWD (+1.28%): CrowdStrike's stock gained 1.28% after plunging the last few days after the firm found itself in the middle of a global still-ongoing IT outage.
SYF (+1.25%): Synchrony Financial's stock rose 1.25%, driven by positive market reactions to its recent financial performance and analyst upgrades.
TSLA (+1.09%): Tesla's stock increased by 1.09%, with investors remaining bullish on future plans despite an expected earnings decline.
QRVO (-1.03%): Qorvo's stock fell by 1.03%, impacted by insider selling and mixed analyst ratings.
CDNS (-1.07%): Cadence Design Systems' stock decreased by 1.07% following a forecast that fell below estimates despite strong Q2 earnings.
BBY (-1.09%): Best Buy's stock dropped 1.09%, driven by mixed investor sentiment and strategic initiatives.
SWKS (-1.19%): Skyworks Solutions' stock fell 1.19%, affected by recent price target adjustments and market conditions.
AMD (-1.2%): Advanced Micro Devices' stock decreased by 1.2%, impacted by the announcement of the retirement of its president and mixed market reactions.
EPAM (-1.23%): EPAM Systems' stock fell 1.23%, despite recent upgrades and positive market sentiment.
FFIV (-1.32%): F5 Networks' stock decreased by 1.32%, with market reactions to mixed earnings expectations.
DRI (-1.32%): Darden Restaurants' stock fell by 1.32%, following analyst downgrades and market reactions to recent acquisitions.
BAX (-1.4%): Baxter International's stock dropped 1.4%, driven by a downgrade from Morgan Stanley and mixed market sentiment.
DIS (-1.41%): Disney's stock decreased by 1.41%, impacted by investor concerns and mixed market reactions to recent news.
KMB (-1.42%): Kimberly-Clark's stock fell by 1.42%, affected by weaker tissue demand and mixed earnings results.
MPWR (-1.56%): Monolithic Power Systems' stock decreased by 1.56%, impacted by recent insider selling and mixed market sentiment.
FDX (-1.6%): FedEx's stock fell by 1.6%, driven by disruptions due to a global IT outage.
MCHP (-2.49%): Microchip Technology's stock dropped by 2.49%, impacted by mixed market reactions and recent price target adjustments.
TXN (-2.56%): Texas Instruments' stock fell by 2.56%, affected by geopolitical concerns and mixed earnings expectations.
PCAR (-2.79%): PACCAR's stock decreased by 2.79%, driven by market reactions to expected declines in Q2 earnings.
IQV (-2.91%): IQVIA Holdings' stock fell by 2.91%, following mixed analyst ratings and market reactions.
ADI (-2.93%): Analog Devices' stock decreased by 2.93%, impacted by mixed market sentiment and recent price target adjustments.
GPC (-3.33%): Genuine Parts' stock fell by 3.33%, driven by revised full-year outlook and mixed earnings results.
ON (-3.38%): ON Semiconductor's stock decreased by 3.38%, affected by a downgrade from Citigroup and mixed market reactions.
CMCSA (-3.72%): Comcast's stock fell by 3.72%, driven by mixed earnings results and market sentiment.
UPS (-8.04%): UPS' stock dropped by 8.04%, impacted by weak earnings and concerns over high labor costs. (Read our coverage: UPS Falls Short of EPS and Revenue Expectations in Q2.)
NXPI (-8.39%): NXP Semiconductors' stock fell by 8.39%, driven by weak sales and a disappointing outlook.
*Change over the last 24 hours, accurate as of 8:26 AM EDT.