Tesla, United, American Airlines Rise Premarket; Carvana, Equifax Fall
2022.04.21 15:27
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Thursday, April 21st. Please refresh for updates.
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Tesla (NASDAQ:TSLA) stock rose 7.6% after the world’s most valuable car manufacturer delivered a better-than-expected quarterly report after the close Wednesday.
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United Airlines (NASDAQ:UAL) rose 8.3% after the carrier revealed upbeat second quarter guidance late Wednesday, forecasting a profit in 2022 as travelers return to the air post-COVID.
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AT&T (NYSE:T) stock rose 1% after the telecoms giant posted a 2.5% rise in core wireless revenue for the first quarter, as demand for high-speed internet soared as consumers ramp up their home networks to meet the challenges of hybrid work and education.
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American Airlines (NASDAQ:AAL) stock rose over 11% after the carrier reported a smaller adjusted first quarter loss, as a strong pickup in travel in March helped offset a blip in January caused by the Omicron variant of COVID-19.
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Carvana (NYSE:CVNA) stock fell 4.9% after the online used car retailer posted a weak earnings report, with the company citing supply chain problems and a rising interest rate environment.
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CSX (NASDAQ:CSX) stock rose 2.6% after the rail transportation company beat quarterly earnings expectations, with higher shipping rates offsetting a slight decline in the number of shipments it handled.
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Dow (NYSE:DOW) stock rose 2.5% after the chemicals maker reported a surge in first quarter profit, helped by stronger product prices as supplies remained tight amid robust demand.
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Equifax (NYSE:EFX) stock fell 11% after the consumer credit reporting agency forecast a sharp slowdown in mortgage credit enquiries over the rest of the year.
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Blackstone (NYSE:BX) stock rose 5% after the asset manager reported its first quarter distributable earnings jumped 63%, boosted by a strong performance from its real estate and credit businesses.
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Rite Aid (NYSE:RAD) stock fell 2.4% after the pharmacy chain’s board rejected a buyout offer from private enquiry firm Spear Point Capital Management.
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AutoNation (NYSE:AN) stock rose 3% after the country’s largest auto retailer reported a more than doubling of its first quarter profit, boosted by robust demand for used vehicles.
