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Ford, PayPal and DR Horton fall premarket; Pfizer rises

Published 29/10/2024, 12:10
© Reuters.
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Investing.com -- US stock futures steadied Tuesday, with investors preparing for a deluge of corporate earnings as well as some widely-watched economic data.

Here are some of the biggest premarket US stock movers today:

  • Ford (NYSE:F) stock fell 6.5% after the automaker tempered its full-year profit forecast, blaming supplier disruptions and warranty costs amid a global price war fueled by overcapacity.

  • PayPal (NASDAQ:PYPL) stock fell 5% after the digital payments giant reported third-quarter earnings that beat analyst estimates, but revenue fell short of expectations.

  • Pfizer (NYSE:PFE) stock rose 1.6% after the drugmaker raised its full-year profit forecast after better-than-expected sales of its COVID-19 treatment helped it beat estimates for third-quarter earnings.

  • Royal Caribbean (NYSE:RCL) stock rose 0.7% after the cruise operator reported strong third-quarter numbers, even if its fourth-quarter earnings guidance disappointed.

  • DR Horton (NYSE:DHI) stock slumped 9.6% after the home construction company missed Q4 estimates on top and bottom lines and issued weak guidance for fiscal 2025.

  • VF Corp (NYSE:VFC) stock surged 19% in premarket trading on Tuesday after the struggling apparel and footwear maker reported a profit following two quarters of losses, prompting investors to bet on a faster-than-expected turnaround.

  • JetBlue (NASDAQ:JBLU) stock fell 5.6% after the carrier forecast falling revenue for the current quarter, overshadowing a quarterly earnings beat.

  • Boeing (NYSE:BA) stock fell 1.2% after the aircraft manufacturer said it raised around $21 billion in an upsized share sale, with the capital raise aimed at shoring up its cash position.

  • McDonald’s (NYSE:MCD) stock fell 2.3% after the fast food giant issued disappointing global comparable sales, even as the company topped earnings estimates.

  • SoFi Technologies (NASDAQ:SOFI) stock rose 3% after the fintech company reported better-than-expected third quarter results and raised its full-year outlook.

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