Stocks making the biggest moves premarket: Goldman, Pfizer, Cheesecake Factory, Alibaba and more
A Cheesecake Factory restaurant in Louisville, Kentucky.
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Check out the companies making the biggest moves midday:
Goldman Sachs — The bank slid more than 2% after reporting earnings-per-share and revenue that missed Wall Street estimates Tuesday.
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Pfizer — Wells Fargo downgraded the pharmaceutical giant to equal weight from overweight on Monday, saying the company needed a reset from the pandemic for shares to work again. Pfizer was down 1.25% in the premarket.
Morgan Stanley — Morgan Stanley’s earnings topped Wall Street expectations Tuesday, thanks, in part to record wealth management revenue. Shares were 1% higher in the premarket.
Vodafone — The U.K. telecommunications company rose nearly 2% in the premarket. On Monday, Ghana approved Vodafone’s sale of 70% of its stake in Vodafone Ghana to Telecel Group. On Thursday, Vodafone was upgraded to buy by Bank of America, which said it was optimistic about the company’s prospects amid CEO Nick Read’s departure.
Global Payments — Morgan Stanley upgraded Global Payments to overweight from equal weight on Tuesday, citing a more favorable competitive backdrop and attractive valuation,…
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