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Take a look at some of the biggest players in the pre-market:
Discovery Communications (DISCA), Viacom (VIAC) – Both stocks remain under scrutiny this morning, after significant drops last week. A source with direct knowledge of the situation told CNBC that the sale was due to the forced liquidation of positions held by Archegos Capital Management. Discovery gained 4.4% in pre-release, while Viacom grew 2.5%.
Goldman Sachs (GS), Credit Suisse (CS), Nomura (NMR) – Goldman has told shareholders that any loss suffered by the unwinding of transactions by Archegos Capital Management would likely be immaterial, according to a person familiar with the matter. is expressed. at Bloomberg. Credit Suisse said it was facing a possible “very significant and material” blow to its first quarter results, however, after an unspecified fund “defaulted on margin calls” to it and ‘other banks. Nomura said he was facing a possible loss of $ 2 billion. Goldman fell 3% in pre-market, Credit Suisse fell 11.2% and Nomura fell 14.5%.
Fly Leasing (FLY) – The Dublin-based aircraft leasing company has agreed to be acquired by Carlyle Group (CG) subsidiary Carlyle Aviation Partners for $ 17.05 per share, compared to Friday’s close from Fly Leasing of $ 13.25. Fly Leasing climbed 26.6% in pre-letting.
Boeing (BA) – Southwest Airlines (LUV) has announced 100 firm orders for the Boeing 737 Max, while taking an option on 155 other jets. Southwest had been considering alternatives to the 737 Max during the time the jet was grounded following two fatal crashes. Boeing grew 2.7% on pre-market.
Cal-Maine Foods (CALM) – The nation’s largest egg producer reported third-quarter tax profits of 28 cents per share, beating the estimate of 8 cents per share. Sales were lower than Wall Street forecasts. Cal-Maine said it has benefited from strong demand for shell eggs as consumers continue to eat more at home due to the pandemic. Cal-Maine gained 2.2% in pre-market shares.
Tencent Music (TME) – The China-based music streaming service announced a $ 1 billion share buyback, the largest ever, and its shares rose 7.2% in pre-market trading.
Twitter (TWTR) – Shares of Twitter rose 2.1% in the pre-market after Truist upgraded the stock to ‘buy’ to ‘hold’, with the company pointing to higher revenue growth estimates as well than what she calls “the most interesting product roadmap” he’s ever seen from Twitter.
Bilibili (BILI) – The China-based online video company debuted in Hong Kong after its secondary listing, closing at 1% below its listing price. Its US stocks jumped 3.6% in pre-market.
Visa (V) – Visa has said it will allow the use of USD Coin – a cryptocurrency directly linked to the U.S. dollar – to settle transactions on its payment network.
Amazon.com (AMZN) – JPMorgan Chase added the title as a “top pick,” saying the company was among those willing to deliver strong, sustainable growth at a reasonable valuation.
Premier Financial Bancorp (PFBI) – Ohio-based Peoples Bancorp (PEBO) will merge with West Virginia-based Premier in an all-equity transaction valued at approximately $ 292 million. Peoples shares rose 2% in pre-market trading, with Premier gaining 1.4%.
CORRECTION: This article has been updated to correct the spelling of Archegos Capital Management.
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