Intel, BlackRock Rise Premarket; Tesla Falls By

© Reuters.

By Peter Nurse – Stocks are focused on pre-trade trading on Thursday, January 14. Please update for updates. Shares of Intel (NASDAQ 🙂 rose 2.7%, continuing Wednesday’s gains after appointing the head of VMware (NYSE 🙂 as its new chief executive, replacing Bob Swan next month. Swan has been the CEO of Intel for two years. Shares of BlackRock (NYSE 🙂 rose 1.3% after the world’s largest asset manager reported a stronger quarterly profit as higher volatility in financial markets resulted in higher capital inflows. Shares of Tesla (NASDAQ 🙂 fell 1% after US regulators urged the automaker to recall 158,000 of its electric cars over concerns about their touchscreens degrading over time. Shares in Johnson & Johnson (NYSE 🙂 rose 1.8% after the drugmaker’s single-dose experimental vaccine elicited a long-lasting immune response in an initial safety study. Shares of GameStop (NYSE 🙂 were up 15%, continuing recent gains after the video game retailer announced a deal with activist investor RC Ventures, prompting substantial short coverage. Chevron (NYSE 🙂 shares rose 0.8% after HSBC improved its investment stance to ‘buy’ from ‘hold’, saying the shares are undervalued given the recent improvement in sentiment towards the crude market. . Shares of Snap (NYSE 🙂 fell 0.2% after the company banned President Donald Trump from accessing its Snapchat social media platform. Shares of Affirm (NASDAQ 🙂 rose 5.6%, continuing to rise after shares in the fintech company nearly doubled on Wednesday for its public debut. Delta Air Lines (NYSE 🙂 shares rose 1.2% despite the company reporting its first annual loss in 11 years. Executive Director Ed Bastian described 2021 as “the year of recovery” after the coronavirus pandemic. Shares of Penn National Gaming (NASDAQ 🙂 fell 2.1% after Loop Capital lowered its recommendation on the casino and racetrack operator to ‘sell’ from ‘hold’, citing the gain of nearly 300% of stocks over the past year with its Barstool app only live in one state, Pennsylvania.

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