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Thursday, January 20, 2022

Stocks making the biggest moves premarket: Delta Air Lines, Moderna, Virgin Orbit and others

Before the bell rings, know about the companies that make headlines:

Delta Air Lines (DAL) — Shares of Delta rose 2.2% in the premarket after beating the airline’s top- and bottom-line estimates for the fourth quarter. Delta earned an adjusted 22 cents per share, 8 cents higher than estimates, and said it expects a strong spring and summer travel season.

Boeing (BA) – Boeing’s 737 MAX jet could resume service in China as soon as this month, according to a Bloomberg report. Boeing added 2.6% to the premarket.

Moderna (mRNA) – Moderna expects to report data by March from its COVID-19 vaccine trials involving children aged 2 to 5. If the data is helpful, the company will file for approval for vaccination for that age group. Modern fell 1.1% in premarket action.

Virgin Orbit (VORB) – Later today, Virgin is about to launch its first commercial satellite since going public. Its stock rose 2.1% in the premarket, after falling 5.8% in Wednesday’s trading.

Taiwan Semiconductor (TSM) – Taiwan Semiconductor reported record quarterly gains, with the chipmaker beating analyst forecasts and issuing an upbeat outlook amid rising demand for semiconductors. The stock rose 3.8 percent in the premarket.

KB Home (KBH) — KB Home reported quarterly earnings of $1.91 per share, 14 cents above estimates, although the home builder’s revenue fell slightly below analyst forecasts. KB Home also issued a positive outlook for 2022, and its stock gained 7.7% in premarket trading.

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Lenar (LEN) — Lenar increased its dividend by 50%, increasing its annual payout from $1.00 to $1.50 per share. The home builder’s next quarterly dividend of 37.5 cents per share will be paid by January 27 to shareholders of record on February 10. The stock added 2.4% in the premarket.

SolarEdge Technologies (SEDG), Enphase Energy (ENPH) – SolarEdge gained 2.3% in premarket trading, while Enphase gained 3.2% after both alternative energy companies upgraded from “neutral” to “buy” at the Guggenheim Did. The firm said the potential downside that it had highlighted last year — such as higher valuations and optimistic forecasts — had largely been eliminated.

Sunrun (RUN) — The solar equipment company added 2.1% in the premarket after being named the top 2022 stock pick at Morgan Stanley, which said Sunrun is among companies with strong barriers to entry and is undervalued.

Match Group (MTCH), Bumble (BMBL) – Goldman Sachs upgraded dating service operators from “neutral” to “buy”, saying both would benefit from “structural industry tailwinds” in the coming years. Match is up 3.2% in premarket trading and Bumble is up 3.1%.


World Nation News Deskhttps://www.worldnationnews.com
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