Check out the companies making headlines before the bell. Delta Air Lines – Shares fell nearly 5% after the airline provided disappointing fourth-quarter revenue guidance. Delta expects revenue to rise 2% to 4% from a year earlier, below the 4.1% estimate according to LSEG. Earnings per share and revenues in the third quarter were also below expectations. 10x Genomics – Shares fell about 26% after the single-cell market leader announced that it expects third-quarter revenue to reach $151.7 million, which represents a decline of about 1% from the same period last year. CEO Serge Saxonov said the company's transformation due to recent changes in its business operations and organization was “more disruptive than we expected, especially in the Americas.” CVS Health – Shares of the pharmacy chain added 1.9% on the back of an overweight from equal weight upgrade by Barclays. The company said there is a “compelling margin recovery opportunity” for CVS. GXO Logistics – The stock rose 12% after Bloomberg, citing people familiar with the matter, reported that the company was exploring a potential sale. While Bloomberg sources said GXO Logistics is working with financial advisors, a final decision has not yet been made. Celsius Holdings – Shares jumped about 5%, extending the more than 6% gains seen in the previous session. On Wednesday, Piper Sandler released its latest poll among teens, which showed Celsius is outperforming energy drinks. Specifically, the investment firm noted that a brand's share of mentions as a favorite is about 35% more than its overall market share. Tesla – The electric car maker's stock rose more than 1% ahead of Thursday's robotaxi event after the bell. Investors expect Tesla to unveil a prototype of its Cybercab robotaxi as well as announce developments in driver assistance features and artificial intelligence capabilities. Nike – Shares rose 1.5% following Truist's upgrade to buy from hold. The company said Nike's “fundamental recovery remains a long-term possibility” but some near-term efforts, such as more marketing and improved wholesale relationships, from new management should convince investors of “better times ahead” for the sports apparel retailer. Medtronic – Shares rose 1% after RBC Capital Markets upgraded Medtronic to sector outperform, saying there was a “renewed sense of confidence” in the medical device company. American International Group – The insurance giant's stock advanced about 1% after receiving an upgrade to overweight from neutral at JPMorgan. The company's bullish call is based on a “more reasonable” consensus forecast for EPS and an “improved” rating following the weak performance. PayPal – The payments company fell 1.7% after Bernstein downgraded the stock to market perform from outperform. PayPal's upside is uncertain from here after a recent rally that saw the stock rise nearly 40% over the past three months, Bernstein said in a note to clients. — CNBC's Alex Haring, Jessie Pound, Sarah Main, Pia Singh and Michelle Fox Theobald contributed reporting.
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