By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, April 22nd. Please refresh for updates.
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Credit Suisse (SIX:CSGN) stock slumped 5.9% after the Swiss banking giant posted a first-quarter loss and announced a 1.7 billion-franc capital increase, as a hefty hit from the Archegos hedge fund scandal spoiled what would have been its best quarter operationally in at least a decade.
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AT&T (NYSE:T) stock rose 4% after the telecoms giant added 595,000 net wireless phone subscribers in the first quarter, more than double the expected number, as the reopening of the U.S. economy boosted smartphone sales.
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Chipotle Mexican Grill (NYSE:CMG) stock rose 1.6% after the burrito chain said its comparable sales rose over 17% in the first quarter, and could grow by as much as 30% the following quarter as rapid Covid vaccinations encourage consumers to return to its restaurants.
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American Airlines (NASDAQ:AAL) stock rose 2.6% after the airline reported a smaller quarterly loss than expected.
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Southwest Airlines (NYSE:LUV) stock rose 2.4% after the airline posted a smaller-than-expected quarterly adjusted loss and forecast lower cash burn in the second quarter, citing rising vaccination rates and pent-up demand for leisure travel.
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DR Horton (NYSE:DHI) stock rose 0.8% after the homebuilder raised its full-year outlook for home deliveries and reported a better-than-expected quarterly profit, as strong housing demand and low mortgage rates boosted sales.
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Quest Diagnostics (NYSE:DGX) stock rose 1.5% after the medical device maker posted an almost fivefold rise in first-quarter profit, boosted by a faster-than-expected recovery of its non-Covid-19-related businesses.
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Kinder Morgan (NYSE:KMI) stock rose 2.2% after the energy infrastructure company produced a blowout first quarter, benefiting from the skyrocketing energy demand and prices that resulted from the historic winter storm that crippled Texas in the middle of February.
- Biogen (NASDAQ:BIIB) stock rose 0.8% after the biotechnology company raised its 2021 adjusted profit forecast even as its top-selling multiple sclerosis drug Tecfidera faced increased competition from cheaper generic versions.
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Uipath (NYSE:PATH) stock rose 3.5%, continuing the strong showing from Wednesday’s stock market debut, after Cathie Wood's ARK Invest bought a total of about 2.7 million shares, about a third of the day's traded volume. Tesla (NASDAQ:TSLA) stock fell 0.7% after ARK Invest trimmed its holding.
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Whirlpool (NYSE:WHR) stock rose 1.9% after the company posted better-than-expected earnings and raised its forecast for the year, with CEO Mark Bitzer saying demand for home goods and appliances is on the rise.
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Las Vegas Sands (NYSE:LVS) stock fell 1.6% after the casino operator reported a 16% dip in first-quarter revenue as pandemic-induced restrictions reduced participation numbers.
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Dow (NYSE:DOW) stock rose 0.1% after the chemicals company reported a 69% rise in first-quarter profit, as prices for its chemicals used in plastics and packaging rose on the back of tighter supply and higher demand.
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Sleep Number (NASDAQ:SNBR) stock fell 5.6% after the bedding accessory manufacturer disappointed with its first-quarter sales numbers, citing a supply problem. Even so, the company raised its full-year guidance as earnings beat expectations.
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Teradata (NYSE:TDC) stock soared 27% after the cloud software company said it expects its quarterly results to be much better than expected, continuing the strong results for companies involved in cloud-based solutions.
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Netgear (NASDAQ:NTGR) stock fell 3.5% after the computer networking company’s revenue guidance fell short of estimates. The company expects second-quarter sales to range between $305 million to $320 million.