Important Stocks to Watch Before The Market Opens
Beyond Meat (BYND) — Shares of the alternative meat producer fell by 2.4% in premarket trading after Piper Sandler revised the company's rating to a lower weight. “Beyond is an early leader in plant-based meat, but we believe the current all-channel retail momentum is outpacing expectations,” the firm said in a note to customers.
Wynn Resorts (WYNN), Las Vegas Sands (LVS) — Macau-related casino shares fell again as authorities weighed in on tighter regulation of Macau's gaming industry. Wynn tumbled 1.8% and Las Vegas Sands tumbled 2.4%. JPMorgan downgraded both stocks to neutral following the government action and wrote a note to clients stating they "did not like the uncertainty and transparency surrounding Macau and China policy."
DoorDash (DASH) — Bank of America upgraded DoorDash to buy-grade, increasing its stake by 3% during premarket trading. The firm's bullish call is based on a "solid" five-year growth opportunity alongside forecasts through 2021.
Cisco Systems (CSCO) — Cisco Systems gained 1.2% after the company's investor day. Credit Suisse upgraded the stock to a better performance rating, saying Cisco is ready to apply its long-term guidance while increasing recurring revenue streams.
Fisker (FSR) — Shares of the electric vehicle company tumbled 2.7% after Bank of America cut its stock to neutral. Bank of America also downgraded Lordstown Motors (RIDE) to underperform, causing shares to tumble 2% in premarket trading.
Cabot Oil & Gas (COG) — Energy stock rallied 1.3% on Thursday morning despite slump in natural gas futures. Cabot's stock rose 25% in September.
Alibaba (BABA), JD.com (JD), Pinduoduo (PDD) - US-listed Chinese tech shares fell amid persistent fears about what new regulatory measures could mean for the group. All three stocks lost more than 1%.
Important Stocks to Watch Before The Market Opens
Source: Motley Fool
You may also be interested in:
3 AI Stocks to Buy Now - Tesla