Stocks on the move: Snowflake, eBay, Qualcomm, Riot Blockchain
The stock market is trying to make a small loss on Monday, with
Futures rose 0.4% on Tuesday morning. Here are some stocks that are moving in pre-market trading.
Bank shares rallied as some of Wall Street’s biggest players announced they would raise their dividends following an annual stress test from the Fed.
(code: GS) rose 1.4%,
Bank of America
(BAC) rose 1.3% and
(WFC) rose 1.9% in pre-market trading.
(MS) rose 3.8%
(SAM) fell 2.9% after being cut to Sell from Neutral at Goldman Sachs.
Molson Coors soft drink
(TAP) gained 1.4% after being upgraded to Neutral from Sell.
(EBAY fell 2.6% after falling to Neutral from Buy at UBS.
(NVO) fell 3.2% after being cut to Sell from Neutral at UBS.
(OXY) rose 4.2% after
Warren Buffett’s Berkshire Hathaway
(BRK.B) bought more shares of an oil explorer.
(QCOM) rose 1.9% after being added to BofA’s US List 1.
(RIOT gained 3.3% after being upgraded to Buy from Neutral at Compass Points.
After the 14% rally on Monday,
(HOOD) fell 1.7% in pre-market trading. The online broker’s shares fell after Sam Bankman-Fried said his crypto exchange FTX was not in talks to buy back the group, contrary to a Monday news release.
(SNOW) rallied 2.9% in money markets after the cloud-based data storage company’s stock was upgraded to Buy from Hold at Jefferies.
Chinese tourism shares soared after the country halved the quarantine period for visitors to the country.
(TCOM) rose 15% in US pre-market trading, while
Beach Hotels in Wynn
Las Vegas Sands
(LVS), which operates casinos in Macau, rose 7.2% and 8.1%, respectively.
Write to Ben Levisohn at [email protected]