Qualcomm and Honeywell fall premarket; Royal Caribbean, Tesla, Ferrari rise By Investing.com



© Reuters.

Investing.com — U.S. rose Thursday as investors digested news from the latest Federal Reserve policy-setting meeting ahead of the release of more earnings from some of the mega-cap tech stocks.

Here are some of the biggest premarket U.S. stock movers today:

  • Qualcomm (NASDAQ:) stock fell 1.4% despite the chipmaker reporting better-than-expected first-quarter results as a recovery in smartphone demand boosted handset chip sales, with investors wary of signs of weakness in the key Chinese market.

  • Royal Caribbean (NYSE:) stock rose 3.5% after the cruise operator projected annual profit above expectations on strong demand for cruise vacations and steeper itinerary prices.

  • Peloton (NASDAQ:) stock rose 0.5% after the fitness company reduced its second-quarter net loss when compared with a year ago, even while forecasting third-quarter revenue below market estimates.

  • Honeywell (NASDAQ:) stock fell 2.1% after the diversified industrial firm forecast a weak first quarter after missing on sales estimates for the last three months of 2023.

  • Merck (NYSE:) stock rose 1.3% after the drugmaker posted better-than-expected fourth-quarter results on strong sales of its cancer immunotherapy Keytruda, now the world’s biggest selling prescription medicine.

  • Canada Goose (NYSE:) stock rose 12% after the luxury winter weather retailer forecast fourth-quarter revenue above expectations, expecting a sharp rebound in the crucial Chinese market.

  • Ferrari (NYSE:) stock rose 5.8% after the luxury sports car maker said its revenues and core earnings would rise this year, supported by an “exceptional visibility” on its order book.

  • Tesla (NASDAQ:) stock rose 1.3% with the electric vehicle manufacturer set to hold a shareholder vote to transfer its state of incorporation to Texas from Delaware, days after a Delaware judge invalidated his $56 billion pay package.

  • New York Community Bancorp (NYSE:) stock rose 2.2%, with the regional lender bouncing after Wednesday’s 38% slide on a dividend cut and surprise loss.



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