Palantir Falls PreMarket; Citigroup, Exxon Mobil Rise
Investing.com
Published Feb 16, 2021 08:25AM ET
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, February 16th. Please refresh for updates.
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Palantir Technologies (NYSE:PLTR) stock fell 10% after the data analytics company posted a surprise fourth-quarter loss even after a 40% rise in sales in its second quarterly results since going public last year. The company’s post-IPO lock up period, when insiders are forbidden to sell their holdings, expires on Friday.
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AutoNation (NYSE:AN) stock rose 1.7% after the auto retailer handily beat expectations for its fourth-quarter sales and profit and revealed a $1 billion stock buyback plan.
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CVS Health (NYSE:CVS) stock rose 1.6% after its fourth-quarter earnings beat expectations, with its pharmacy sales helped by Covid-19 testing and vaccines.
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Corelogic (NYSE:CLGX) stock rose 5.6% after CoStar (NASDAQ:CSGP), down 6.6%, submitted a new bid for its rival real estate data provider worth $95.76 per share in stock.
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Citigroup (NYSE:C) stock rose 1.7%, Wells Fargo (NYSE:WFC) stock rose 1.5% and Bank of America (NYSE:BAC) stock climbed 1.6%, with these banks benefiting from the yields on 10-year U.S. Treasuries touched their highest levels since late March.
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Exxon Mobil (NYSE:XOM) stock rose 2.7%, Marathon Oil (NYSE:MRO) stock rose 4% and Chevron (NYSE:CVX) stock climbed 0.4% after oil prices jumped to a 13-month high in the wintry conditions in large parts of the U.S..
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Southwest Airlines (NYSE:LUV) stock rose 2% after the airline said it expects an improvement in passenger demand from February to March, although it still continues to experience a significant year-over-year impact on passenger demand due to the pandemic.
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BHP Billiton (NYSE:BBL) ADR rose 7.2% after the mining giant reported its best first-half profit in seven years and declared a record interim dividend, helped by strong China demand for iron ore.
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Glencore (OTC:GLNCY) ADR rose 8% after the commodity trading and mining giant reinstated its dividend on the back of record trading profits.
- Marriott International (NASDAQ:MAR) stock rose 0.1% after the hotel chain announced Chief Executive Officer Arne Sorenson, who was undergoing cancer treatment, had unexpectedly died
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