FedEx, Nvidia and Bumble rise premarket; First Republic, Credit Suisse fall
- Wall Street ends volatile week higher as Fed officials ease bank fears
- Deutsche Bank shares plunge after spike in credit default swaps
- 6-week inflows to bonds? Biggest ever; 7-day inflows to cash? $142.9 billion; Policy panic now 'inevitable' - BofA's Hartnett
- World stocks gyrate as bank contagion fears bite
- Activision (ATVI) gains 5% as UK's CMA narrows concerns scope in Microsoft (MSFT) deal
Get Alerts FRC Hot Sheet
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 0.9%
EPS Growth %: -95.5%
Join SI Premium – FREE
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, March 17th. Please refresh for updates.
First Republic Bank (NYSE: FRC) stock fell 13% with the regional bank continuing to struggle even after a group of major banks deposited $30 billion in a vote of confidence.
FedEx (NYSE: FDX) stock soared 11% after the delivery giant lifted its guidance after reporting third-quarter earnings that markedly beat expectations as its ongoing efforts to cut costs helped offset ongoing demand weakness.
Merck (NYSE: MRK) stock fell 0.7% after the pharmaceutical company revealed disappointing trial results from one of its metastatic non-small cell lung cancer drugs.
Nvidia (NASDAQ: NVDA) stock rose 1.7% after Morgan Stanley upgraded its stance on the software company to ‘overweight’ from ‘equal-weight’, citing growing excitement around artificial intelligence.
Alphabet (NASDAQ: GOOGL) stock fell 0.6% after the Google-owner announced a price increase for its YouTube TV subscription, citing increased content costs.
- Microsoft (NASDAQ: MSFT) stock rose 0.6% after a filing showed the software giant has offered remedies in an attempt to gain EU antitrust approval for its $69 billion acquisition of Activision (NASDAQ: ATVI).
Bumble (NASDAQ: BMBL) stock rose 0.9% after Citigroup initiated coverage of the online dating site with a ‘buy’ rating, expecting it to gain market share.
Credit Suisse (NYSE: CS) stock fell 6.9% after Bloomberg reported that the lender had rebuffed a suggestion from Swiss regulators that its much larger rival UBS (SIX:UBSG) take it over.
You May Also Be Interested In
- Midday movers: Activision Blizzard, Deutsche Bank, Scholastic and more
- After-hours movers: Scholastis, Oxford Industries fall following earnings
- Locafy (LCFY) Receives Nasdaq Non-Compliance Notice
Create E-mail Alert Related CategoriesInvesting, Special Reports
Related EntitiesCredit Suisse, UBS, Citi, Morgan Stanley, Earnings, Definitive Agreement
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!