Check out the companies that make headlines before the bell:
GameStop (GME) – GameStop surged 14.3% in the premarket with reports that video game retailers are launching new divisions to focus on crypto partnerships and NFTs.
T-mobile (TMUS) – T-Mobile reported a net postpaid subscriber count of 844,000 in the fourth quarter, with a total of approximately 2.9 million in 2021. Fourth-quarter figures for wireless service providers fell below the consensus estimate of 868,000, with pre-market trading stocks down 1.8%.
STMicroelectronics (STM) – STMicro has announced provisional fourth-quarter earnings higher than analysts expected. Chipmaker sales were $ 3.56 billion, compared to the consensus estimate of $ 3.41 billion, amid rising demand and a global chip shortage. STMicro’s share price surged 4.2% due to pre-marketing behavior.
Sonos (SONO) – Speaker makers’ stock prices rose 4% in front of the market after the European Parliament Committee decided: alphabetGoogle infringes the Sonos audio patent for Nest speakers. Google will appeal the decision.
Quidel (QDEL) – Quidel expects fourth-quarter sales to grow from $ 633 million to $ 637 million, well above the consensus estimate of $ 466 million. Diagnostic companies are benefiting from the growing demand for Covid-19 testing and testing for other illnesses. Quidel won a 4.8% pre-market transaction.
Draft Kings (DKNG) – Sports betting company stocks increased 2% in front of the market from Saturday morning before legal mobile sports betting began in New York.
visa (V) – Visas fell 1.4% in pre-market transactions after Mizuho downgraded stocks from “buy” to “neutral.” Mizuho cites the permanent shortening of the “cash to card conversion runway” and intensifying competition.
Trade desk (TTD) – Programmatic advertising technology providers have been upgraded from “hold” to “buy” at Jeffreys, based on many key catalysts, including conservative consensus estimates and new partnerships with. Walmart.. Inventory was added 4.6% in the premarket.
discover (DISCA) – Media company stock has been upgraded from “neutral” to “buy” at BofA Securities. It feels that the future merger of Discovery and WarnerMedia could create a “global media powerhouse.” Discovery added 3.8% in pre-market action.
New York Times (NYT) – The newspaper has announced a deal to buy sports news site The Athletic for $ 550 million following previous reports that the transaction was completed. The New York Times share price fell 1.4% in front of the market.
Accuity Brands (AYI) – Building management system providers reported adjusted quarterly earnings of $ 2.85 per share, above the $ 2.41 consensus estimate and earnings above Wall Street forecasts. Acuity Brands said the company performed well in the face of supply chain challenges and unpredictable market conditions.
GameStop, T-Mobile, Sonos, etc.
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