U.S. STOCKS ON THE MOVE-Perrigo Co, Qualcomm Inc, Mullen Automotive Inc

Allena Pharmaceuticals

11/07/2022 15:11

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U.S. stock indexes were headed for a lower open on Monday as investors braced
for the start of the earnings season, which could see profits come under
pressure at a time of growing fears of an economic downturn due to aggressive
interest rate hikes.  .N 
    
    At 9:02 a.m. ET, Dow e-minis  1YMc1  were down 0.57% at 31,133. S&P 500
e-minis  ESc1  were down 0.69% at 3,874.5, while Nasdaq 100 e-minis  NQc1  were
down 0.75% at 12,061.25.
 
 The top two NYSE percentage gainers premarket  .PRPG.NQ :
 ** Genie Energy Ltd  GNE , up 7.7%
 ** McEwen Mining Inc  MUX , up 5.9%
 
 The top two NYSE percentage losers premarket  .PRPL.NQ :
 ** Four Seasons Education (Cayman) Inc  FEDU.K , down 27.5%
 ** NOV Inc  NOV , down 9.5%
 
 The top two Nasdaq percentage gainers premarket  .PRPG.O :
 ** ToughBuilt Industries Inc  TBLTW.O , up 85.9%
 ** Pliant Therapeutics Inc  PLRX.O , up 62.6%
 
 The top three Nasdaq percentage losers premarket  .PRPL.O :
 ** SAI.TECH Global Corp  SAITW.O , down 41.6%
 ** Ignyte Acquisition Corp  IGNYW.O , down 26.3%
 ** Fast Radius Inc  FSRDW.O , down 18.3%
 
 
 ** Qorvo Inc  QRVO.O : down 3.5% premarket
BUZZ-Cowen downgrades chipmaker Qorvo to 'market perform' rating  urn:newsml:reuters.com:*:nL4N2YS0QJ
 ** Twitter Inc  TWTR.N : down 6.1% premarket
BUZZ-Tumbles to 4-month low as Elon Musk drops bid  urn:newsml:reuters.com:*:nL4N2YS1TD
    
 ** Walt Disney Co  DIS.N : down 0.7% premarket
BUZZ-Disney's "Thor: Love and Thunder" clocks $302 mln on opening weekend
 urn:newsml:reuters.com:*:nL4N2YS1W2

** Under Armour Inc  UAA.N : down 2.2% premarket
BUZZ-Falls as Jefferies downgrades on management volatility  urn:newsml:reuters.com:*:nL4N2YS1WO
    
** Las Vegas Sands Corp  LVS.N : down 4.9% premarket
** Wynn Resorts Ltd  WYNN.O : down 5.5% premarket
** MGM Resorts International  MGM.N : down 2.2% premarket
BUZZ-U.S. casino operators slide as Macau shuts casinos  urn:newsml:reuters.com:*:nL4N2YS1Y7
    
** Nio Inc  NIO.N : down 3.3% premarket
BUZZ-Decides to investigate short seller's allegations, shares drop  urn:newsml:reuters.com:*:nL4N2YS1Z2
    
** Airbnb Inc  ABNB.O : down 1.5% premarket
BUZZ-Well-positioned to endure recession - Jefferies  urn:newsml:reuters.com:*:nL4N2YS1ZC
    
** Paramount Global  PARA.O : down 0.9% premarket
BUZZ-Rosenblatt Securities cuts Paramount PT on recession risk  urn:newsml:reuters.com:*:nL4N2YS209
    
** Kura Sushi USA Inc  KRUS.O : down 4.5% premarket
BUZZ-Gets downgraded at BMO on consumer spending concerns  urn:newsml:reuters.com:*:nL4N2YS22E
    
** Alibaba Group Holding Ltd  BABA.N : down 4.1% premarket
** Pinduoduo Inc  PDD.O : down 4.4% premarket
** JD.com Inc  JD.O : down 3.6% premarket
** Li Auto Inc  LI.O : down 3.4% premarket 
BUZZ-Chinese ADRs fall on report talks on U.S. listing in stalemate  urn:newsml:reuters.com:*:nL4N2YS22V
    
** Allena Pharmaceuticals Inc  ALNA.O : down 12.5% premarket
BUZZ-Sinks after flagging going concern doubts  urn:newsml:reuters.com:*:nL4N2YS242
    
** Digital World Acquisition Corp  DWAC.O : up 14.5% premarket
BUZZ-Trump-linked Digital World jumps as Musk abandons Twitter deal  urn:newsml:reuters.com:*:nL4N2YS251
    
** Nvidia Corp  NVDA.O : down 1.4% premarket
BUZZ- Down, Piper cuts PT on gaming weakness  urn:newsml:reuters.com:*:nL4N2YS23L 
    
** Perrigo Co  PRGO.N : up 2.2% premarket
BUZZ-Rises as unit seeks over-the-counter birth control pill approval from FDA
 urn:newsml:reuters.com:*:nL4N2YS26P
    
** Uber Technologies Inc  UBER.N : down 1.6% premarket
BUZZ-Slips on report it breached laws during global expansion  urn:newsml:reuters.com:*:nL4N2YS1YA
    
** General Motors Co  GM.N : down 1.2% premarket
** Ford Motor Co  F.N : down 0.7% premarket
BUZZ-Jefferies cuts Ford, GM price targets  urn:newsml:reuters.com:*:nL4N2YS27D
    
** Qualcomm Inc  QCOM.O : down 1.5% premarket
BUZZ-Falls as Cowen cuts PT on macroeconomic pressures  urn:newsml:reuters.com:*:nL4N2YS2AJ
    
** Boston Beer Co  SAM.N : down 1.5% premarket
BUZZ-To feel pain from cooling hard seltzer demand- Credit Suisse  urn:newsml:reuters.com:*:nL4N2YS2CH
    
** American Airlines Group Inc  AAL.O : down 1.1% premarket
BUZZ-Citigroup cuts American Airlines PT on higher financial risk profile
 urn:newsml:reuters.com:*:nL4N2YS2DJ
    
** Mullen Automotive Inc  MULN.O : up 16.2% premarket
BUZZ-Jumps on deal to sell 600 electric cargo vans  urn:newsml:reuters.com:*:nL4N2YS2DF

** Meta Platforms Inc  META.O : down 2.0% premarket
BUZZ-Slips as Needham downgrades on rising costs, advertising weakness
 urn:newsml:reuters.com:*:nL4N2YS2FQ
    
** La Jolla Pharmaceutical Co  LJPC.O : up 81.1% premarket
BUZZ-Soars on takeover deal by Innoviva  urn:newsml:reuters.com:*:nL4N2YS2F4
    
** Suncor Energy Inc  SU.N : down 2.7% premarket
BUZZ-Analysts downgrade Suncor as CEO resigns after worker deaths  urn:newsml:reuters.com:*:nL4N2YS2G1

 (Compiled by Rajarshi Roy and Kannaki Deka in Bengaluru)
 ((Kannaki.Deka@thomsonreuters.com))