Yahoo Movies Netflix. AIG Rise Premarket; Morgan Stanley Falls
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Thursday, July 15th. Please refresh for updates.
Netflix (NASDAQ:NFLX) stock rose 2% after the streaming giant announced the appointment of Mike Verdu as vice president of game development, poached from Facebook (NASDAQ:FB); the move led to talk that it may add video games to its platform. UBS has also lifted its price target, saying subscriptions will pick up in the second half of the year.
Morgan Stanley (NYSE:MS) stock fell 1.2% continuing the theme of bank stocks selling off despite beating quarterly profit expectations. The bank was helped by record levels of activity in deal making and capital markets.
UnitedHealth (NYSE:UNH) stock rose 0.1% after the U.S.'s largest hospital operator confirmed a slump in profit in the second quarter. Still, the company raised its full-year adjusted earnings outlook as it expects to benefit from a backlog of procedures postponed during the early stage of the pandemic.
AIG (NYSE:AIG) stock rose 6.2% after the company reported plans to sell 9.9% of its life and retirement business to Blackstone Group (NYSE:BX), for $2.2 billion..
Johnson&Johnson (NYSE:JNJ) stock fell 0.6% after the drug maker announced the recall of most of its Aveeno and Neutrogena spray sunscreens as it had found that samples contained benzene, a chemical known to cause cancer.
General Motors (NYSE:GM) stock fell 1.4% after U.S. safety regulators urged owners of the car giant’s electric Chevrolet Bolt vehicles to park away from homes after charging because of fire risks.
Delta Air Lines (NYSE:DAL) stock rose 0.9% after Raymond James upgraded its recommendation to ‘strong buy’ from ‘market perform’, saying the stock can rally more than 40% as the economy fully reopens.
Advanced Micro Devices (NASDAQ:AMD) stock rose 0.8% after Citigroup (NYSE:C) upgraded its recommendation on the chipmaker to ‘neutral’ from ‘sell’.
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