Stocks making the biggest moves premarket: Ford, Clorox, Boeing, Pinterest and more
Take note of the companies creating a buzz before the market opens.
— The car manufacturer saw a 2.3% rise post Goldman Sachs’ share upgrade from neutral to buy. The financial giant pointed out the company’s expanding software, services, and Super Duty vehicles as potential growth factors.
— Disney witnessed a 0.9% dip in its share value following Raymond James degrading its stocks to market perform from outperform. Ric Prentiss, an analyst, projects pressure on Disney’s parks division.
— CVS’ shares climbed by 2% post CNBC’s report, based on insider information, that the company is in talks with advisors regarding a strategic business review. This was first reported by Reuters, where the company’s exploration of options, including a possible breakup, was discussed.
— The beverage producer’s shares rose by 1.5% following Citi’s upgrade to buy from neutral. Citi emphasized on better margins and reduced costs, and predicts a $1 billion share buyback program announcement.
— The home products company saw more than 1.5% increase in shares after Jefferies upgraded it to buy. The firm believes Clorox is at a turning point and anticipates higher future earnings for it.
— Alphabet’s stocks increased by 1.2% after Pivotal started coverage of Google’s parent company with a buy rating. Pivotal finds its valuation “attractive in any realistic scenario” with a $215 price target, which implies an approximate 30% upside from Monday’s close.
— The aerospace company’s stocks went down by around 1% following Bloomberg’s report on Boeing considering to raise at least $10 billion by selling new stock to recoup cash reserves affected by a factory worker strike.
— Pinterest’s shares soared 3.3% after being included in Goldman Sachs’ “Americas Conviction List”. The firm believes Pinterest is well set for continued top-line growth at a mid-to-high teens percentage thanks to improved user growth trends.
— The tech company’s stock dropped by almost 2% post a downgrade to neutral by Citi. The firm suggests a challenging recovery in the PC market due to prevailing macro weakness.
— The aluminium firm saw an above 3% rise in its shares. Bank of America upgraded the mining stock to buy, with a favorable aluminium price forecast in 2025 and robust demand globally.
— The software product developer’s shares increased nearly 3% after Raymond James upgraded them to outperform. This is based on projections for a stronger cloud growth in the 2025 fiscal year.
— The cloud analytics company’s stocks increased 1.7%. D.A. Davidson upgraded shares to buy, tagging Datadog as a best-in-class company.
— The company’s shares increased by 1% after Oppenheimer started coverage with an outperform rating. The firm sees SharkNinja as “an attractive global consumer growth play.”
