Check out the companies that make the headlines before the doorbell rings:
Manchester United (MANU) – The football team operator reported a quarterly loss that was 5.9% less than a year ago, on sales up 15.9%. Due to the uncertainty surrounding the Covid-19 pandemic, Manchester United is not providing a full-year sales or profit forecast for fiscal year 2022.
Invesco (IVZ) – The investment firm is in talks to merge with State Street’s wealth management unit (STT), as people familiar with the matter spoke to the Wall Street Journal. These sources said a deal is not imminent and may not come about at all. Invesco shares were up 6.5% early on, while State Street was up 0.6%.
Take-Two Interactive (TTWO) – The video game manufacturer’s shares fell 1.3% early on the market after BMO Capital downgraded the shares from “outperform” to “market performance”. BMO’s earnings estimates for Take-Two were on the high end of Street forecasts, but it said it is now less confident after a series of delays in video game releases.
Coupang (CPNG) – Softbank’s Vision Fund sold 57 million shares in the South Korean online retailer for approximately $ 1.69 billion, according to an SEC filing.
Accolade (ACCD) – The provider of workplace benefit management solutions gained 2% in the premarket after Baird upgraded the shares from “neutral” to “outperform”. Baird cited a track record of strong execution and increasing confidence after recent discussions with management.
Unum (UNM) – Unum launches a new digital verification tool designed to help companies manage vaccine mandates. The insurer’s product enables workers to report vaccination status and upload documents, as well as help companies manage exceptions.
Eli Lilly (LLY) – The drug maker received FDA approval to expand its emergency clearance for its Covid-19 treatment. The treatment can now be used in patients who could be at high risk of infection after being exposed to someone with Covid.
General Motors (GM) – GM plans to extend downtime at seven North American factories as global semiconductor shortages continue to limit production.
US Steel (X) – US Steel plans to build a new US steel mill, construction of which is scheduled to begin next year and production is scheduled to begin in 2024. The move is due to the booming demand for steel and the prices, which have roughly quadrupled since summer 2020. The share lost 2.1% before the stock market.
Zumiez (ZUMZ) – Zumiez stock rose 1% in pre-trading hours after the streetwear and sportswear company announced a $ 150 million share buyback program.
Diamondback Energy (FANG) – The energy producer announced an accelerated capital repayment plan and approved a $ 2 billion share buyback. Diamondback shares rose 5.2% in pre-trading hours.