Q3 Earnings Alert! Plan early for this week’s stock reports with all key data in 1 placeSee list

JPMorgan, Wells Fargo, Uber rise premarket; Tesla falls

Published 10/11/2024, 07:21 AM
© Reuters
JPM
-
TSLA
-

Investing.com -- US stock futures fell Friday, with investors awaiting the start of the new quarterly earnings season as major banks report their numbers.

Here are some of the biggest premarket US stock movers today

  • Tesla (NASDAQ:TSLA) stock fell 6.6% after the EV manufacturer unveiled its long-awaited "Cybercab" robotaxi, although analysts flagged that CEO Elon Musk provided few answers to crucial questions surrounding the technology.

  • JPMorgan Chase (NYSE:JPM) stock rose 2% after the largest US lender by assets topped quarterly estimates for profit and revenue on higher-than-expected net interest income.

  • Wells Fargo (NYSE:WFC) stock rose 2.9% after the bank reported third-quarter earnings that beat expectations, boosted by lower expenses and credit costs.

  • Uber (NYSE:UBER) stock rose 4.9% after Tesla’s much-anticipated Robotaxi event failed to impress investors, with Jefferies saying, Tesla’s “toothless taxi is a best-case outcome for Uber.”

  • BlackRock (NYSE:BLK) stock rose 1.5% after the assets under management at the world’s largest asset manager hit a record high for the third straight quarter, helped by surging inflows to the company's exchange-traded funds and a strong equity rally.
  • BP (NYSE:BP) ADRs fell 0.7% after the energy giant warned that weak refining margins are expected to hit its third-quarter result by as much as $600 million.

  • Stellantis (NYSE:STLA) stock fell 2.9% after the auto giant announced a management level shake-up aimed at revitalizing its performance following a period of slipping profits and production cuts.

  • Mobileye Global (NASDAQ:MBLY) stock fell 2% after Mizuho downgraded its stance on the autonomous driving company to ‘neutral’ from ‘outperform’, citing slowing auto sales and increasing competition.

  • Humana (NYSE:HUM) stock fell 3.8% after the health insurance company suffered a setback in the industry’s star ratings.

  • Ferrari (NYSE:RACE) stock rose 1.6% after JPMorgan upgraded its stance on the luxury auto manufacturer to ‘overweight’ from ‘neutral’, citing “high visibility earnings growth.”

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.