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2021-07-09

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Toplines Before US Market Open on Friday

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Analysts expect earnings growth of 65.4% for companies in the S&amp;P 500 index in the second quarter, up from a previous forecast of 54% growth at the start of the quarter, according to IBES data from Refinitiv.\nStocks making the biggest moves in the premarket:\nLevi Strauss(LEVI) — The denim maker added about 3% afterreporting quarterly earningsThursday night that crushed Wall Street expectations. Levi reported adjusted earnings of 23 cents per share, on revenue of $1.28 billion. That beat analyst expectations of 9 cents per share on revenue of $1.21 billion, according to Refinitiv.\nGeneral Motors(GM) — The automaker's stock rose more than 3% in premarket trading, after Wedbush rated it as an outperform andsaid its stock could jumpmore than 50%. As the company proves out its vision for electric vehicles in the coming years \"the stock will be re-rated more as a disruptive technology and EV play, rather than its traditional auto valuation,\" the Wedbush analyst said.\nBank of America(BAC),Citigroup(C) — Bank stocks traded higher as bond yields bounced back up Friday morning, easing concerns about a global economic slowdown that were&nbsp; heightened when yields fell Thursday. Bank of America and Citigroup shares are higher by about 1.6%.JPMorganandWells Fargoare trading about 1% higher. The sector's profitability is closely linked to the level of rates and generally increases as long-term rates rise.\nDelta(DAL),United(UAL),American(AAL) Airlines — Airline stocks are moving higher after dipping on Thursday amid concern about the global economic recovery from the pandemic. American Airlines is trading almost 2% higher, and Delta and United shares rose 1.2%.\nNorwegian Cruise Line(NCLH),Carnival(CCL) — Cruise lines are also bouncing back after sliding Thursday in response to concerns about the economy slowing down. Norwegian Cruise added 2.2% in premarket trading and Carnival rose 2.5%.\nDidi Global(DIDI),Tencent Music Entertainment(TME) — The U.S. traded shares of several Chinese companies bounced after their big declines earlier in the week, set off by the Chinese government's crackdown on stocks that trade on U.S. exchanges. Didi shares rose 3.4% in premarket trading and Tencent Music is up 2.4%, while ecommerce platformPinduoduohas gained more than 3% and search giantBaidugained 2.3%. 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Analysts expect earnings growth of 65.4% for companies in the S&amp;P 500 index in the second quarter, up from a previous forecast of 54% growth at the start of the quarter, according to IBES data from Refinitiv.\nStocks making the biggest moves in the premarket:\nLevi Strauss(LEVI) — The denim maker added about 3% afterreporting quarterly earningsThursday night that crushed Wall Street expectations. Levi reported adjusted earnings of 23 cents per share, on revenue of $1.28 billion. That beat analyst expectations of 9 cents per share on revenue of $1.21 billion, according to Refinitiv.\nGeneral Motors(GM) — The automaker's stock rose more than 3% in premarket trading, after Wedbush rated it as an outperform andsaid its stock could jumpmore than 50%. As the company proves out its vision for electric vehicles in the coming years \"the stock will be re-rated more as a disruptive technology and EV play, rather than its traditional auto valuation,\" the Wedbush analyst said.\nBank of America(BAC),Citigroup(C) — Bank stocks traded higher as bond yields bounced back up Friday morning, easing concerns about a global economic slowdown that were&nbsp; heightened when yields fell Thursday. Bank of America and Citigroup shares are higher by about 1.6%.JPMorganandWells Fargoare trading about 1% higher. The sector's profitability is closely linked to the level of rates and generally increases as long-term rates rise.\nDelta(DAL),United(UAL),American(AAL) Airlines — Airline stocks are moving higher after dipping on Thursday amid concern about the global economic recovery from the pandemic. American Airlines is trading almost 2% higher, and Delta and United shares rose 1.2%.\nNorwegian Cruise Line(NCLH),Carnival(CCL) — Cruise lines are also bouncing back after sliding Thursday in response to concerns about the economy slowing down. Norwegian Cruise added 2.2% in premarket trading and Carnival rose 2.5%.\nDidi Global(DIDI),Tencent Music Entertainment(TME) — The U.S. traded shares of several Chinese companies bounced after their big declines earlier in the week, set off by the Chinese government's crackdown on stocks that trade on U.S. exchanges. Didi shares rose 3.4% in premarket trading and Tencent Music is up 2.4%, while ecommerce platformPinduoduohas gained more than 3% and search giantBaidugained 2.3%. Tech giantAlibabais also up 1.5%.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130525336","content_text":"The Dow and S&P 500 futures rose on Friday as energy and banking shares rebounded from a sharp selloff that was triggered by growth worries and has put the indexes on track for their biggest weekly fall since mid-June.\nAt 8:05 a.m. ET, Dow E-minis were up 256 points, or 0.75%, S&P 500 E-minis were up 21.25 points, or 0.49% and Nasdaq 100 E-minis were up 9 points, or 0.06%.\n*Source From Tiger Trade, EST 08:05\nFocus will now shift to second-quarter earnings, with big banks reporting next week. Analysts expect earnings growth of 65.4% for companies in the S&P 500 index in the second quarter, up from a previous forecast of 54% growth at the start of the quarter, according to IBES data from Refinitiv.\nStocks making the biggest moves in the premarket:\nLevi Strauss(LEVI) — The denim maker added about 3% afterreporting quarterly earningsThursday night that crushed Wall Street expectations. Levi reported adjusted earnings of 23 cents per share, on revenue of $1.28 billion. That beat analyst expectations of 9 cents per share on revenue of $1.21 billion, according to Refinitiv.\nGeneral Motors(GM) — The automaker's stock rose more than 3% in premarket trading, after Wedbush rated it as an outperform andsaid its stock could jumpmore than 50%. As the company proves out its vision for electric vehicles in the coming years \"the stock will be re-rated more as a disruptive technology and EV play, rather than its traditional auto valuation,\" the Wedbush analyst said.\nBank of America(BAC),Citigroup(C) — Bank stocks traded higher as bond yields bounced back up Friday morning, easing concerns about a global economic slowdown that were  heightened when yields fell Thursday. Bank of America and Citigroup shares are higher by about 1.6%.JPMorganandWells Fargoare trading about 1% higher. The sector's profitability is closely linked to the level of rates and generally increases as long-term rates rise.\nDelta(DAL),United(UAL),American(AAL) Airlines — Airline stocks are moving higher after dipping on Thursday amid concern about the global economic recovery from the pandemic. American Airlines is trading almost 2% higher, and Delta and United shares rose 1.2%.\nNorwegian Cruise Line(NCLH),Carnival(CCL) — Cruise lines are also bouncing back after sliding Thursday in response to concerns about the economy slowing down. Norwegian Cruise added 2.2% in premarket trading and Carnival rose 2.5%.\nDidi Global(DIDI),Tencent Music Entertainment(TME) — The U.S. traded shares of several Chinese companies bounced after their big declines earlier in the week, set off by the Chinese government's crackdown on stocks that trade on U.S. exchanges. Didi shares rose 3.4% in premarket trading and Tencent Music is up 2.4%, while ecommerce platformPinduoduohas gained more than 3% and search giantBaidugained 2.3%. Tech giantAlibabais also up 1.5%.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1805,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":15,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/141922703"}