Stocks

Tesla, Otis Rise Premarket; Albertsons Falls By Investing.com

© Reuters.

By Peter Nurse 

Investing.com — Stocks in focus in premarket trade on Monday, April 26th. Please refresh for updates.

  • Albertsons (NYSE:) stock fell 2.2% after the grocery store operator predicted that comparable sales for the current fiscal year will fall between 6% and 7.5%

  • Otis Worldwide (NYSE:) stock rose 4.1% after the elevator maker beat quarterly expectations and raised its full-year forecast as organic sales continue to improve. 

  • Johnson & Johnson (NYSE:) stock rose 0.5% after the U.S. drug regulators recommended the lifting of the pause regarding the use of the company’s Covid-19 vaccine in the U.S. on Friday.

  • Tesla (NASDAQ:) stock rose 1% ahead of the release of the electric car maker’s first-quarter earnings report after the close Monday. Tesla is now the sixth most valuable company listed on the New York Stock Exchange, but is facing growing scrutiny over its semi-automated driving system following a spate of recent accidents.

  • JPMorgan (NYSE:) stock rose 0.6% after Coindesk reported that the banking giant is preparing to offer its wealthy clients an actively managed fund.

  • Apple (NASDAQ:) stock rose 0.1% after the iPhone maker said it will establish a new campus in North Carolina that will house up to 3,000 employees, expand its operations in several other U.S. states and increase its spending targets with U.S. suppliers.

  • Check Point (NASDAQ:) stock rose 1% after the cyber security solutions provider saw strong first-quarter earnings, boosted by  growth in all its business segments including cloud, network and remote access security.

  • Simon Property (NYSE:) stock rose 1.6% after Evercore ISI upgraded its investment stance on the mall operator to ‘outperform’ from ‘in line’ as the focus turns towards the malls on the reopening story.

  • Discover Financial Services (NYSE:) stock rose 1.8% after Bank of America (NYSE:) lifted its stance on the company to ‘buy’ from ‘neutral’, seeing 17% upside as the company is not getting enough credit for a strong first-quarter report.

  • Skillz Platform (NYSE:) stock rose 0.2% after highly-followed investor Cathie Wood’s ARK funds loaded up on the mobile e-sports platform, and defended the company after a short seller verbal attack.

  • American Airlines (NASDAQ:) stock rose 2%, United Airlines (NASDAQ:) stock rose 1.6% and Delta Air Lines (NYSE:) stock rose 1.7% after European Commission President Ursula von der Leyen indicated the EU will allow fully-vaccinated U.S. travelers into the region, potentially boosting the summer tourist season.

  • BP (NYSE:) ADR rose 0.7% after the U.K.-based oil major applied to supply U.S. residential customers with electricity generated from wind, solar and , betting on a rapid growth in power demand as economies shift away from fossil fuels to battle climate change.

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