Stock futures soared on Thursday after Democrats gained control of the Senate and Joe Biden was recognized by Congress as the next US president.
Here are some of the main moves during the pre-market trading on Thursday.
1. Connect the power plug | Up to 19.71%
Plug Power Actions (PLUG) – Get report increased on Thursday after South Korean conglomerate SK Group said it would invest $ 1.5 billion in the hydrogen fuel cell maker.
The deal comes at a time when governments and companies around the world are looking to shift from reliance on traditional fossil fuels to obtain energy for other forms of renewable energy, including solar, wind and hydrogen.
2. Bed Bath & Beyond BBBY | Decreased 12.74%
Bed Bath & Beyond (BBBY) – Get report it fell after announcing weaker-than-expected gains in the third quarter on Thursday and saying that comparable store sales in the current period are likely to be in line with last year’s levels.
The group’s net sales, the company said, fell 5% to $ 2.6 billion, again losing analysts’ estimates of $ 2.75 billion. Comparable store sales increased by 2% thanks in part to “significantly strong growth in digital channels,” said the company.
3. Walgreens WBA | Up to 2.72%
Walgreens Boots Alliance shares (WBA) – Get report increased after the drugstore chain recorded stronger than expected first quarter gains, thanks in part to a solid increase in US pharmacy sales.
Walgreens reiterated its 2021 adjusted profit forecast, estimating that profits are expected to grow in the “low-digit” percentage range, although the first half of the year is negatively impacted by the ongoing coronavirus pandemic.
4. Twitter TWTR | Decreased 2.44%
Twitter actions (TWTR) – Get report it fell on Thursday after the platform blocked President Trump’s account and threatened to ban him permanently after a series of tweets that some claimed had incited the violent attack on the Capitol building by his supporters.
5. Constellation marks STZ | Up to 3.34%
Constellation brand actions (STZ) – Get report rose in the pre-market after the manufacturer of alcohol and spirits released third-quarter earnings that exceeded analysts’ estimates.
For fiscal year 2021, Constellation expects earnings of between $ 9.80 and $ 10.05 per share, ahead of analysts’ expectations of $ 9.44 per share.