Stock Market

In this article

Check out the companies making headlines before the bell:

Keurig Dr Pepper — The consumer stock fell 1.5% premarket after Goldman Sachs downgraded the stock to neutral from a buy rating. The Wall Street firm said it sees increased risk to Keurig’s margins as commodity inflation, especially related to coffee, remains elevated.

Lucid Group — Shares of the electric vehicle player jumped 2.7% in premarket trading after Cantor Fitzgerald initiated coverage with an overweight rating. The firm said Lucid’s luxury and premium vehicles provide greater efficiency, longer range, faster charging and more space relative to its peers.

Norfolk Southern, CSX — Shares of the railroad companies declined more than 1% each after UBS downgraded the duo, citing a deteriorating macro backdrop. The Wall Street firm said it will be hard for Norfolk and CSX to achieve the consensus 25% volume growth going forward.

Li Auto — Shares of the Chinese EV maker edged up 0.5% premarket, even after the company cut its third-quarter delivery guidance by 2,500 vehicles or 9%. The company said the downward revision was due to supply chain constraints.

Amazon, Apple, Microsoft — Big Tech names Amazon, Apple, Alphabet and Microsoft all traded at least 1% higher premarket, a possible rebound from Monday’s sell-off. Treasury yields retreated Tuesday morning after the multi-year highs hit in the previous session put pressure on tech names.

Articles You May Like

Chicago voters deal defeat to real estate transfer tax change
Piper Sandler hires Citi’s Ryan Hallam to co-head HY sales, trading
Bank of England’s Andrew Bailey says rate cuts ‘in play’ in upbeat take on UK economy
February home sales spike 9.5%, the largest monthly gain in a year, as supply improves
Russian authorities say dozens dead in attack on Moscow concert venue