Moderna, Energizer Holdings, Alibaba, Nike and more

Find out which companies are making the headlines before the bell:

Energizer Holdings (ENR) – The maker of batteries and other consumer products reported adjusted quarterly profit of 59 cents a share, below the consensus estimate of 81 cents. Energizer’s revenue exceeded estimates, but the company said it incurred higher costs related to COVID to help it meet the needs of its customers and employees. Energizer also announced a 7.5 million share repurchase program. In addition, Energizer announced that CEO Alan Hoskins will retire on January 1, replaced by current President / COO Mark LaVigne. Shares lost 4.6% pre-market at 7:35 a.m. ET.

Edgewell Personal Care (EPC) – The maker of razors and other personal care products beat estimates by 2 cents with adjusted quarterly profit of 59 cents per share, with revenue also beating estimates. The company behind brands such as Schick, Wilkinson, Edge and Playtex also said it expects sales for fiscal 2021 to increase in the mid single-digit range.

Modern (MRNA) – The drugmaker said it has enough data from an advanced stage trial of its COVID-19 vaccine candidate to begin a planned interim analysis. Moderna did not say when he planned to release data on the vaccine’s effectiveness. The shares were up 3% in pre-market trading at 7:35 a.m. ET.

Alibaba (BABA) – Alibaba had record Singles Day sales of around $ 75 billion, with the event actually spanning multiple days this year. Alibaba shares have come under pressure amid concerns over new regulations for technology companies and the postponement of the initial public offering of Alibaba’s subsidiary, Ant Group.

Nike (NKE) – Nike was rated “outperforming” in RBC Capital Markets’ new coverage, which calls the shoe and sportswear maker the “world’s best athletic game” and predicts a faster-than-expected recovery from COVID-related disruption.

Jaw Acquisition (JWS) – Jaws Acquisition merges with primary care medical center operator Cano Health and goes public in a transaction that values ​​Cano at $ 4.4 billion. Jaws Acquisition is a special purpose acquisition company backed by Starwood Capital Group founder Barry Sternlicht.

Brookfield Asset Management (BAM) – The alternative asset management company reported quarterly funds from operations of 65 cents per share, against a consensus estimate of 48 cents, with income also beating expectations. Brookfield also intends to distribute a special dividend in the form of a newly created unit called BAM Reinsurance, valued at 33 cents per share.

Salesforce.com (CRM) – Enterprise software giant demoted to ‘equal weight’ after ‘overweighting’ to Morgan Stanley, which said the dynamics of the company’s subscription model could put pressure on earnings and free cash flow short term. The shares lost 2% in pre-market trades at 7:35 a.m. ET.

Wells Fargo (WFC) – Wells Fargo is considering selling its private label credit card unit, according to people with knowledge of the matter who spoke to Bloomberg. Wells Fargo has reportedly started contacting potential bidders directly.

Qiagen (QGEN) – Qiagen said it would start selling a portable COVID-19 test in the United States, with the test capable of processing up to 30 swab samples in 15 minutes.

Vroom (VRM) – Vroom posted a smaller-than-expected loss for its final quarter, with the online used car seller also reporting better than expected earnings. However, the company gave a weaker-than-expected forecast for the current quarter, expecting losses to increase. The shares fell 11% in pre-market trading at 7:35 a.m. ET.

Fossil (FOSL) – Fossil stocks are booming after the maker of watches, handbags and other luxury goods turned into a profit in the third quarter, thanks to e-commerce momentum and lower spending. The shares gained 25% in pre-market trading at 7:35 a.m. ET.

Pinduoduo (PDD) – The China-based e-commerce company posted unexpected third-quarter profit as well as better-than-expected revenue, helped by an economic rebound in China.