Stocks making the biggest moves premarket: NVO, JPM, UAL
Check out the companies making the biggest moves premarket: Novo Nordisk — U.S.-listed shares popped 3% after the company announced a partnership with OpenAI . “Integrating AI in our everyday work gives us the ability to analyse datasets at a scale that was previously impossible, identify patterns we could not see, and test hypotheses faster than ever,” Novo CEO Mike Doustdar said in a statement. JPMorgan Chase — The banking giant posted better-than-expected first-quarter results . JPMorgan Chase earned $5.94 per share on revenue of $50.54 billion. LSEG data shows analysts had penciled in a profit of $5.45 per share on revenue of $49.17 billion. However, the stock quickly gave back an initial gain and was down 2% after it lowered its net interest income guidance. Wells Fargo — Shares slid 1% after the company’s first-quarter results failed to impress investors. The bank earned $1.60 per share, though that number was not comparable to an LSEG estimate of $1.58 as it includes a tax benefit. Revenue, meanwhile, was just below the analyst consensus at $21.45 billion. Johnson & Johnson — The pharma giant reported slightly better-than-expected results for the first quarter, sending shares up around 0.9%. J & J earned an adjusted $2.70 per share on revenue of $24.06 billion. Analysts expected a profit of $2.66 per share on revenue of $23.63 billion, per LSEG. Full-year earnings guidance was also slightly better than expected. BlackRock — The asset management giant climbed 1.7% on first-quarter earnings and revenue that beat the Street . BlackRock earned $12.53 per share on revenue of $6.7 billion. Analysts polled by LSEG expected a profit of $11.54 per share on revenue of $6.46 billion. United Airlines , American Airlines — United shares gained 2% following reports that CEO Scott Kirby had pitched a merger with American during a meeting with President Donald Trump. American Airlines shares advanced more than 4%. Intel — The chipmaker climbed 1%, putting it on pace for its 10 th positive session in a row. That would be its longest winning streak since 2005, when it rose for 13 straight sessions. Ford Motor — Shares rose more than 2% after an upgrade from UBS to buy from neutral. The bank said the auto company’s potential earnings power is underappreciated, and that it can handle the headwinds of higher aluminum and gas prices from the U.S.-Iran war. Globalstar — Shares advanced more than 11% after Amazon announced it would acquire the satellite operator for $11.57 billion as it looks to challenge Elon Musk ‘s Starlink. Amazon’s stock rose 1%. Credo Technology – Shares jumped 20% after the semiconductor company said late Monday it agreed to acquire DustPhotonics, a developer of optical transceiver technology. Credo will pay $750 million in cash and 920,000 shares of its stock as part of the deal. Bloom Energy , Oracle — Shares of the two companies rose after Bloom Energy, a maker of solid oxide fuel cells, said it’s expanded a partnership with Oracle to build out its AI and cloud computing capabilities. Shares of Bloom Energy rallied nearly 14%, while Oracle gained nearly 5%. — CNBC’s Davis Giangiulio and Michelle Fox, Liz Napolitano and Sarah Min contributed reporting
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