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Stocks - Goldman Sachs, Morgan Stanley Gain in Pre-market; BlackRock Falls

Published 16/10/2018, 13:31
© Reuters.  Stocks in focus in pre-market trade on Tuesday.
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Investing.com - Stocks in focus in pre-market trade Tuesday:

• Goldman Sachs (NYSE:GS) stock gained 1.18% by 8:16 AM ET (12:16 GMT) as the company topped expectations for third quarter results on the top and bottom lines.

Morgan Stanley (NYSE:MS) stock advanced 2.84% after the company reported better-than-expected third quarter profit and revenue that topped consensus.

• UnitedHealth (NYSE:UNH) stock gained 1.06% after the company reported better-than-expected third quarter results and raised its full-year outlook.

• Walmart (NYSE:WMT) stock traded up 0.19% despite cutting its full-year earnings guidance, as its forecast for annual same-store sales topped expectations.

• Ford Motor (NYSE:F) stock rose 0.68% after the company announced a new China sport utility vehicle as part its plan to release new models and turn around declining sales.

• Adobe Systems (NASDAQ:ADBE) stock jumped 5.88% after the company forecast a 20% increase in 2019 revenue and a 25% rise in its digital experience subscriptions as part of its growth strategy.

• BlackRock (NYSE:BLK) stock fell 2.58% as new investment in its iShares ETFs declined from a year earlier and investors pulled out $24.76 billion from its portfolio managed index funds.

• Johnson & Johnson (NYSE:JNJ) slipped 0.04% despite reporting better-than-expected quarterly results.

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