{"id":112523,"date":"2021-04-20T15:06:13","date_gmt":"2021-04-20T15:06:13","guid":{"rendered":"https:\/\/fin2me.com\/?p=112523"},"modified":"2021-04-20T15:06:13","modified_gmt":"2021-04-20T15:06:13","slug":"stocks-making-the-biggest-moves-in-the-premarket-kansas-city-southern-autonation-ibm-more","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/stocks-making-the-biggest-moves-in-the-premarket-kansas-city-southern-autonation-ibm-more\/","title":{"rendered":"Stocks making the biggest moves in the premarket: Kansas City Southern, AutoNation, IBM & more"},"content":{"rendered":"

Take a look at some of the biggest movers in the premarket:<\/em><\/p>\n

Kansas City Southern (KSU) \u2013 Shares of the rail operator surged 18.9% in premarket trading, after Canadian National Railway (CNI) offered $325 per share in cash and stock for the company, topping a prior $275 per share offer from Canadian Pacific (CP). The Canadian National offer also includes $200 per share in cash, compared to $90 for the Canadian Pacific offer. Canadian National tumbled 6.3%, while Canadian Pacific jumped 4%.<\/p>\n

AutoNation (AN) \u2013 The auto retailer earned an adjusted $2.79 per share for its latest quarter, well above the consensus estimate of $1.87, while revenue topped estimates as well. Same-store sales were up 27% from a year earlier. The stock jumped 2.5% in premarket action.<\/p>\n

IBM (IBM) \u2013 IBM reported quarterly earnings of $1.77 per share, beating consensus estimates by 14 cents a share. Revenue beat forecasts as well. Its quarterly sales growth was its best in more than two years, helped by a strong performance from its cloud-computing unit. The stock gained 3.4% in the premarket.<\/p>\n

Procter & Gamble (PG) \u2013 The consumer products company beat estimates by 7 cents a share, with quarterly profit of $1.26 per share. Revenue topped estimates as well. Among the positive factors for P&G: continued strength in demand for cleaning products. P&G also announced it would increase prices by mid-to-high-single-digit percentages for a variety of products in September.<\/p>\n

Travelers (TRV) \u2013 Strong underwriting results and improved investment returns helped Travelers beat estimates by 36 cents a share, with quarterly earnings of $2.73 per share. The company exceeded analysts' expectations despite winter storms that more than doubled casualty losses compared to a year ago. Travelers also raised its dividend and added $5 billion to its share buyback program. The stock rose 1.7% in premarket trading.<\/p>\n

Lockheed Martin (LMT) \u2013 The defense contractor quarterly results topped Wall Street estimates, and the company boosted its full-year forecast for a variety of financial metrics including sales and cash from operations. Revenue came in very slightly below analysts' forecasts, however.<\/p>\n

Johnson & Johnson (JNJ) \u2013 Johnson & Johnson reported quarterly earnings of $2.59 per share, compared to a consensus estimate of $2.34 a share. Revenue also beat forecasts, helped by a rebound in medical devices as well as strong pharmaceutical sales.<\/p>\n

United Airlines (UAL) \u2013 United lost $7.50 per share for the first quarter, larger than the loss of $7.08 that analysts were anticipating. The airline's revenue came in slightly below estimates for the quarter, amid higher fuel costs and still-dampened demand due to the Covid-19 pandemic. United said it anticipates a return to profitability later this year. Shares fell 3.3% in premarket action.<\/p>\n

British American Tobacco (BTI), Altria (MO) \u2013 These and other tobacco stocks remain under pressure this morning, following a Wall Street Journal report that the White House may order tobacco companies to cut nicotine levels in all cigarettes. British American Tobacco lost 3% in the premarket, while Altria fell 2.3%.<\/p>\n

Tesla (TSLA) \u2013 Tesla CEO Elon Musk said that company checks indicated that the "Autopilot" feature was not engaged during a fatal crash in Texas over the weekend that killed two people. Police are still investigating, but say no one was behind the wheel when the car crashed into a tree. Tesla fell 1% in the premarket.<\/p>\n

Zions Bancorp (ZION) \u2013 Zions reported quarterly earnings of $1.90 per share, compared to consensus estimates of $1.16 a share. Revenue also came in above estimates. The bank cited an improving credit environment and what it called a "substantial reversal" of loan loss provisions that it had instituted in the heart of the pandemic.<\/p>\n

Apple (AAPL) \u2013 Apple is set to hold a virtual event today at which it is expected to unveil new iPads, iMacs as well as "AirTags" which allow users to track devices they want to avoid misplacing.<\/p>\n

Xerox (XRX) \u2013 Xerox fell 2.8% in premarket trade after it missed estimates by 8 cents a share, with quarterly earnings of 22 cents per share. Revenue came in above forecasts. Xerox continued to see an impact from offices remaining closed due to the pandemic.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Take a look at some of the biggest movers in the premarket: Kansas City Southern (KSU) \u2013 Shares of the rail operator surged 18.9% in […]<\/p>\n","protected":false},"author":3,"featured_media":112522,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nStocks making the biggest moves in the premarket: Kansas City Southern, AutoNation, IBM & more - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/stocks-making-the-biggest-moves-in-the-premarket-kansas-city-southern-autonation-ibm-more\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stocks making the biggest moves in the premarket: Kansas City Southern, AutoNation, IBM & more - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Take a look at some of the biggest movers in the premarket: Kansas City Southern (KSU) \u2013 Shares of the rail operator surged 18.9% in [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/stocks-making-the-biggest-moves-in-the-premarket-kansas-city-southern-autonation-ibm-more\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-20T15:06:13+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/04\/Stocks-making-the-biggest-moves-in-the-premarket-Kansas-City-Southern-AutoNation-IBM-more.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/stocks-making-the-biggest-moves-in-the-premarket-kansas-city-southern-autonation-ibm-more\/\",\"url\":\"https:\/\/fin2me.com\/markets\/stocks-making-the-biggest-moves-in-the-premarket-kansas-city-southern-autonation-ibm-more\/\",\"name\":\"Stocks making the biggest moves in the premarket: Kansas City Southern, AutoNation, IBM & more - 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