2019-01-23 09:10:39 | Fly Intel: Pre-market MoversUP AFTER EARNINGS: IBM (IBM), up 7%... Comcast (CMCSA), up 3%... United Technologies (UTX), up 5%... Proctor & Gamble (PG), up 4%... Synchrony (SYF), up 13%... ALSO HIGHER: Viacom (VIAB), up 1.5% after announcing that it has entered into a definitive agreement to acquire Pluto TV for $340M in cash. DOWN AFTER EARNINGS: Capital One (COF), down 5%... TE Connectivity (TEL), down 4%. ALSO LOWER: Tesla (TSLA), down 2% after RBC Capital analyst Joseph Spak downgraded shares to Underperform and lowered his price target to $245 from $290. The analyst notes that the company's more "tactful messaging" conveys downward pressure to growth expectations and also sees the "realities" of Tesla becoming a volume player highlighting its "challenges to scale and deliver high volume at high ASPs/margins"... Williams-Sonoma (WSM), down 3% after Morgan Stanley analyst Simeon Gutman downgraded the stock to Underweight from Equal Weight as he believes top and bottom-line pressures will intensify in 2019. He projects same-store sales growth may slow more than the market is expecting in 2019... PTC Therapeutics (PTCT), down 9% after its spot secondary offering priced at $30.20 per share... Millicom (TIGO), down 9% after the company confirmed that the preliminary discussions regarding a possible offer for all the shares of the company have been terminated by Liberty Latin America (LILA, LILAK) "without an offer being made." | |
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