By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, March 22nd. Please refresh for updates.
-
Nike (NYSE:NKE) stock rose 5.8% after the world's biggest sportswear maker impressed with its quarterly estimates, adding the manufacturing issues which have hit sales over the past six months were now behind it.
-
Alibaba (NYSE:BABA) ADRs rose 8% after the Chinese e-commerce giant raised its share buyback program by $9 billion to a record $25 billion.
-
Tesla (NASDAQ:TSLA) stock rose 0.8% after the electric car manufacturer opened its new European manufacturing hub, gearing up to deliver to customers the 30 Model Y cars.
-
Datadog (NASDAQ:DDOG) stock rose 0.7% after BTIG Research initiated coverage of the system monitoring company with a ‘buy’ rating, saying the stock can jump 25%.
-
Sherwin-Williams (NYSE:SHW) stock rose 1% after Bank of America handed the paint manufacturer a ‘buy’ rating, saying the higher input costs are now baked into the price.
-
Altria (NYSE:MO) stock rose 1.2% after Goldman Sachs (NYSE:GS) upgraded its stance on the tobacco giant to ‘buy’ from ‘neutral’, citing its lack of exposure to Russia and its strong cash flows.
-
Okta (NASDAQ:OKTA) stock fell 8.1% after the software company said it was investigating reports of a security breach, although an initial investigation found no evidence of malicious activity.
- Pfizer (NYSE:PFE) stock fell 0.3% after the drug-maker announced it was recalling some lots of its blood pressure drug ACCURETIC due to the presence of elevated levels of a potential cancer-causing impurity.