Ford, Tesla, Comcast Rise Premarket; Ebay, Twilio Fall By

© Reuters.

By Peter Nurse 

-- Stocks in focus in premarket trade on Thursday, October 28th. Please refresh for updates.

• Ford(NYSE:F) stock rose 8% after the auto manufacturer raised its annual profit forecast for the second time in as many months while deciding to resume paying its dividend.

• Ebay(NASDAQ:EBAY) stock fell 5.7% after the e-commerce giant projected holiday-quarter revenue below market expectations, while reporting a 5% decline in the number of active buyers on its marketplace in the third quarter. 

• Twilio(NYSE:TWLO) stock slumped 14% after the cloud communications platform projected a larger than previously expected fourth-quarter loss and announced the departure of its chief operating officer.

• Royal Dutch Shell(LON:RDSa) ADRs fell 4.5% after the energy giant reported third-quarter sales and profit that fell short of expectations, while also setting aggressive targets to cut its carbon footprint.

• Carlyle Group (NASDAQ:CG) stock rose 3.3% after the private equity company said its third-quarter distributable earnings jumped nearly fivefold, driven by record asset sales.

• Tesla(NASDAQ:TSLA) stock rose 3% after Piper Sandler raised its target price on the electric car manufacturer to $1,300 from $1,200, a new Street high, now seeing 25% upside. The investment bank kept its overweight rating,

• Merck(NYSE:MRK) stock 1.9% after the drugmaker reported a 55% rise in third-quarter profit, helped by strong sales of blockbuster cancer drug Keytruda and recovery in demand for its non-Covid-19 vaccines.

• Caterpillar (NYSE:CAT) stock rose 1.6% after the industrial bellwether reported a rise in third-quarter profit, as construction demand and higher commodity prices boosted sales of its heavy equipment.

• Hershey(NYSE:HSY) stock rose 1.1% after the chocolate manufacturer raised its annual net sales and adjusted earnings forecast, helped by strong demand for its products due to Halloween.

• Comcast(NASDAQ:CMCSA) stock rose 2.8% after the media giant’s third-quarter revenue beat expectations despite a slowdown in cable subscriber growth.

• Yum! Brands(NYSE:YUM) stock rose 0.5% after the fast food company beat expectations for quarterly earnings and revenue, fueled by strong demand for KFC’s fried chicken.

• T. Rowe Price(NASDAQ:TROW) stock rose 0.9% after the investment management company said it would buy alternative investment company Oak Hill Advisors in a $4.2 billion deal.

 

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