Take a look at some of the biggest drivers in the crypto market:
Twitter (TWTR) – Twitter shares soar 26.1% in money markets after Securities and Exchange Commission filings show Tesla CEO Elon Musk brought 9.2% passive stake on Twitter.
Tesla (TSLA) – Tesla only delivered more than 310,000 cars in the first quarter, a record for the electric vehicle maker but below Wall Street consensus estimates. Tesla gained 1% in pre-market trading.
Starbucks (SBUX) – Starbucks has suspended its share buyback program, in a move it says will allow it to invest in future growth for the coffee chain. The move comes as Howard Schultz returns as CEO for the third time, replacing the soon-to-retire Kevin Johnson. Starbucks drops 2.3% in pre-sale
JPMorgan Chase (JPM) – In Annual letter to shareholdersChief Executive Officer Jamie Dimon said the bank could face a potential loss of $1 billion due to its exposure to Russian investments.
JD.com (JD), Netease (NTES), Alibaba (TORTOISE), Tencent Music (TME) – US-listed Chinese stocks are gaining ground in pre-market trading after China proposed amending privacy rules related to audit oversight. That could remove obstacles to US-China cooperation and prevent these companies from being delisted in the US. JD.com up 5.1%, Netease up 3.9%, Alibaba up 4.3% and Tencent Music up 5.2%.
Hertz (HTZ) – The rental car company has announced a new partnership that sees Hertz purchase up to 65,000 electric vehicles from electric vehicle maker Polestar over the next five years. Hertz was up 2.3% in the money market.
Novartis (NVS) – Novartis announced the reorganization of its business units in a move that could save the Swiss drugmaker at least $1 billion a year by 2024. The new structure will integrate pharmaceutical and oncology businesses of drug manufacturers. Novartis was up 1% in pre-market trading.
Synthetic engine (GM) – Canada will announce investments today in two GM plants in the country, a source told Reuters. The amount of the investment, which includes support for an electric commercial vehicle factory, is unknown.
Logitech (LOGI) – Logitech was upgraded to “buy” from “neutral” at Goldman Sachs, encouraged by recent strong financial performance for the maker of computer mice, keyboards and peripherals Other computer. Logitech gained 4.3% in the currency market.
Crox (CROX) – Shares of the casual shoe maker fell 1.9% in pre-market trading after Loop Capital downgraded it to “hold” from “buy” and lowered its price target to $80 from 150 dollars. Loop said investor sentiment toward the stock has shifted, putting it in the “COVID winner” category.
