Welcome to Extreme Investor Network, where we bring you the latest updates on companies making headlines in the premarket trading world. Today, we have gathered some interesting insights for you to stay ahead in the finance game.
Thor Industries, the RV maker, saw a 2% drop in shares after issuing a disappointing fiscal-year earnings guidance. On the other hand, Arlo Technologies surged by 3% following the authorization of a $50 million share repurchase program. This move comes after a successful year for the security systems company, with shares up by 24.5% in 2024.
Visa experienced a 2% slide after reports of a possible monopoly lawsuit by the Justice Department over its debit card business. This news prompted Citi to switch preference to Mastercard due to the “incremental regulatory overhang.” Starbucks also took a hit, dropping by 1.6% after a downgrade by Jefferies, citing low visibility in the U.S. and China.
On the positive side, Salesforce stock rose by 2% after an upgrade by Piper Sandler to overweight, with a favorable risk/reward outlook. Lowe’s also saw a 1.2% increase following an upgrade to outperform by Oppenheimer, expecting improved demand as the Federal Reserve cuts rates.
BioNTech, a German biotechnology company, experienced a 2.7% rise in U.S.-listed shares after an upgrade to overweight by Morgan Stanley. Pinterest also climbed over 1% after Oppenheimer initiated coverage with an outperform rating, highlighting its strong advertising business and integration with e-commerce platforms for growth.
Lastly, GE Vernova gained nearly 1% after Guggenheim initiated coverage with a buy rating. Analyst Joseph Osha’s $300 price target implies a 19% increase from Monday’s closing price.
Stay tuned to Extreme Investor Network for more market insights and updates to help you make informed investment decisions. Remember, knowledge is power in the world of finance.