By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, July 2nd. Please refresh for updates.
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Virgin Galactic (NYSE:SPCE) stock rose 24% after the company said it will launch founder Richard Branson and a full crew into space by July 11, paving the way for the space travel firm to start making money from the public.
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Johnson & Johnson (NYSE:JNJ) stock rose 0.3% after the drugmaker said a study indicated its single-shot vaccine offered strong protection against the highly transmissible delta variant of the Covid-19 virus.
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Credit Suisse (SIX:CSGN) stock fell 0.3% after the Swiss banking giant said it is paying out a further $750 million to investors in its Greensill-linked supply chain finance funds.
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GlaxoSmithKline (NYSE:GSK) ADR fell 0.2% after the drugmaker’s board defended CEO Emma Walmsley from criticism by activist investor Elliott, and rejected demands to sell its consumer healthcare arm after separating it from its pharma business.
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Chipotle Mexican Grill (NYSE:CMG) stock rose 0.7% after UBS kept its investment recommendation on the fast food chain at ‘buy’, saying “real upside still exists”.
- Krispy Kreme (NASDAQ:DNUT) stock fell 5.1%, handing back some of Thursday’s 23% gain as the donut chain’s first day of trading after going public again, five years after being taken private.
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Apollo Global (NYSE:APO) stock rose 0.5% after the private equity firm announced it would take in the fin-tech investor Motive Partners of up to 24.9%, confirming a story in the Wall Street Journal.
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Didi Global (NYSE:DIDI) ADR fell 8% after China announced a cybersecurity review into the ride-hailing company, which could prevent new users from registering, just days after its New York IPO.
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Uber (NYSE:UBER) stock fell 0.8%, weighed by the losses in Didi, of which it has a stake. That said, Bank of America (NYSE:BAC) said its analysis of the ride-hailing company pointed to “significant upside potential”, citing a cheap valuation.