UPS, General Motors, Coca-Cola Rise Premarket; 3M, HSBC Fall By

© Reuters. UPS, General Motors, Coca-Cola Rise Premarket; 3M, HSBC Fall

By Peter Nurse – Stocks to focus on premarket trading on Tuesday, October 25. Please refresh to update.

  • UPS Shares (UPS) rose 3.5% after the parcel service reported a third-quarter adjusted profit that rose as higher delivery prices offset softening e-commerce demand, while reaffirming the company’s expectations for 2022.

  • Synthetic engine Shares (GM) rose 4.7% after the automaker reported higher quarterly profit, and reaffirmed its full-year outlook.

  • Coca-Cola (KO) Shares rise 2.8% after beverage giant raises annual revenue forecast, banks on demand amid multiple price hikes undertaken to cushion the impact of rising costs high.

  • Company 3M Shares (MMM) fell 2.8% after the industrial group reported a 4% drop in quarterly revenue, hit by a drop in overseas earnings due to a stronger dollar and the impact of divestment. .

  • Halliburton Shares (HAL) rose 2.2% after the oilfield services provider posted a third-quarter profit boost, helped by strong demand fueled by higher oil prices.

  • Biogen Shares (BIIB) rose 1.2% after the drugmaker raised its full-year profit forecast for a second straight quarter, helped by cost-cutting efforts.
  • Tesla Shares (TSLA) fell 0.7% after Morgan Stanley cut its target price for the electric carmaker from $350 to $330, maintaining its ‘overweight’ rating and warning of “waves” unexpected wind” in front.

  • Meta . Platform Shares (META) rose 0.5% after popular messaging app WhatsApp slowly got back online, with some users in India, Asia and the UK saying they can send and receive messages. received some texts and videos after the app was shut down globally on Tuesday.

  • Ross Store Shares (ROST) rose 2.3% after Wells Fargo upgraded its discount store view from “weight” from “balanced”. says it’s one of the best ways investors can get into retail trading at a discount.
  • Adidas (ADDYY) ADRs jumped 0.4% after the German sportswear company ended its partnership with Kanye West, after the American rapper and designer made what Adidas described as anti-competitive comments. opposite to.

  • Waste management Shares (WM) rose 1.2% after Jefferies gave the environmental services company a ‘buy’ rating, saying the company is well positioned to weather the downturn.

  • HSBC Bank (HSBC) ADRs fell 6.2% after the London-based bank gave a cautious outlook and reported higher-than-expected fees on loans likely in the third quarter. announced an unexpected change in the CFO.

  • UBS Shares (UBS) rose 5.5% after the Swiss banking giant beat quarterly expectations, buoyed by strong institutional client activity, as well as gains from interest rate hikes and controls cost.

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