Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Tesla, PayPal Rise Premarket; Facebook, Pinterest Fall

Published 25/10/2021, 13:26
Updated 25/10/2021, 13:26
© Reuters.

© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Monday, October 25th. Please refresh for updates.

  • Tesla (NASDAQ:TSLA) stock rose 4.4% after Bloomberg reported that car rental firm Hertz has ordered 100,000 cars from the electric car manufacturer, which would mark the single-largest purchase ever for electric vehicles.

  • PayPal (NASDAQ:PYPL) stock rose 5.5% and Pinterest (NYSE:PINS) stock slumped 15% after the payments company ruled out pursuing an acquisition of the social media platform “at this time”.

  • Facebook (NASDAQ:FB) stock fell 0.5% ahead of the social media giant’s third-quarter earnings after Monday’s close at a time of heightened scrutiny from both markets and regulators.

  • HSBC (NYSE:HSBC) ADRs rose 0.9% after the U.K.-based banking giant reported a doubling of profits in the third quarter, helped by the release of reserves as the economy improved, while announcing an up to $2-billion share buyback. 

  • Restaurant Brands (NYSE:QSR) stock rose 1% after the restaurant group beat earnings expectations in the third quarter, with same-store sales at the Tim Hortons coffee chain, the biggest revenue maker for the group, jumping 8.9% in the third quarter, while those at Burger King rose 7.9%.

  • Carnival (NYSE:CCL) (NYSE:CUK) stock fell 1.3% after Citigroup (NYSE:C) downgraded its stance on the cruise operator's stock to ‘neutral’ from ‘buy’, seeing limited upside even if cruise line travel recovers by next summer.

  • Kimberly-Clark (NYSE:KMB) stock fell 2.4% after the personal care company’s quarterly earnings came in below expectations, hurt by supply chain issues.

  • Phunware (NASDAQ:PHUN) stock soared over 25% and Digital World Acquisition (NASDAQ:DWAC) stock climbed 9.2%, adding to recent gains, with investors continuing to bet on Donald Trump’s new social media companty. Phunware is rumored to be in line for an order to develop the platform's app.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.