IBM, Lockheed Martin Fall Premarket; NCR, Halliburton Rise
Investing.com
Published Jul 19, 2022 07:50AM ET
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, July 19th. Please refresh for updates.
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IBM (NYSE:IBM) stock fell 5.8% after the tech giant lowered its forecasts for free cash flow this year due to the impact of a strong dollar and the loss of business in Russia.
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Hasbro (NASDAQ:HAS) stock rose 0.7% after the toymaker reported a 10% rise in quarterly adjusted earnings, helped by demand for the toy maker's "Magic: The Gathering" trading card game.
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Lockheed Martin (NYSE:LMT) stock fell 4.7% after the U.S. weapons maker lowered its 2022 revenue and earnings targets after F-35 fighter jet sales fell amid pandemic-related headwinds.
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NCR (NYSE:NCR) stock rose over 10% after the Wall Street Journal reported that private equity firm Veritas Capital was in exclusive talks to buy the financial technology provider.
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Johnson & Johnson (NYSE:JNJ) stock rose 0.4% after double-digit growth in sales of cancer drug DARZALEX and Crohn's disease drug STELARA helped the company beat estimates for second quarter profit. However, it still cut its full-year adjusted profit and sales forecast due to a hit from a stronger dollar.
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Halliburton (NYSE:HAL) stock rose 1% after oil services company posted a strong rise in second quarter adjusted profit as a surge in crude prices helped it weather a $344 million hit from exiting Russia.
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Cboe Global Markets (NYSE:CBOE) stock rose 2.1% after Morgan Stanley upgraded its stance on the exchange operator to ‘overweight’ from ‘equal weight’.
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Novartis (NYSE:NVS) ADRs rose 3.1% after the Swiss drugmaker confirmed its group guidance for 2022 core operating income to grow in a mid-single-digit percentage range.
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DiDi Global (OTC:DIDIY) ADRs fell 0.3% after the Wall Street Journal reported that regulators in China will fine the popular ride-hailing platform more than $1 billion over its data security practices.
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