Check out the companies that make headlines in pre-market transactions. Delta Lines – Shares have retreated 0.8% after a Delta flight from Minnesota to Toronto crashed on landing Monday afternoon. At least 18 people have been reported injured, local officials said. Southwest Airlines – After Southwest said it would cut 15% of its corporate workforce, the value-focused career has won 2.4%. This is what CEO Bob Jordan called “unprecedented.” Fluor – Engineering inventory fell 5.5% behind weak results in four quarters and full-year revenue guidance. Fluor won 48 cents per share in the fourth quarter, earnings of $4.26 billion. Analysts surveyed by Factset were 78 cents per share, with revenues and revenue of $4.42 billion. Medtronic – The stock fell 2.5% after medical device manufacturers reported disappointment in quarterly revenues, even if revenue estimates exceeded, thanks to strong demand for heart and diabetic products. Medtronic recorded adjusted earnings of $1.39 per share against revenues of $829 billion in the third quarter. Analysts who voted for FactSet expect revenues of $1.36 per share, but excluding items, revenues were $8.33 billion. Snowflake – Stock rose almost 3% after receiving an outperform upgrade from peer performance at Wolfe Research. The company points to better consumption trends as a catalyst for growth, and believes that data analytics software makers will report “solid” fourth quarter results next week. Bath & Body Works – After an overweight upgrade from JPMorgan’s Neutral, fragrance retailers popped nearly 4%. Analyst Matthew Boss cited the operating margin and increased visible shareholder returns as a catalyst for the upgrade. Venture Global – Shares of the liquefied natural gas provider, which was published in late January, rose 3.7% shortly after the launch of several Wall Streets. Goldman Sachs and Bank of America both opened coverage with buy ratings, while JPMorgan drove things off with overweight ratings. Both RBC Capital Market and Mizuho are above ratings. Altice USA – Broadband and video service providers rose 5% following an upgrade at Raymond James, outperforming the market performance. The company believes that operational changes made by management will be able to show concrete results over the next 18 months. Tapestry – Apparel Stock rose more than 2% after an upgrade to purchase at Redburn Atlantic. Tapestry’s coach brand still has momentum after strong 2024, with investment companies seeing even further margin improvements. – Reported by CNBC’s Lisa Kailai Han, Sean Conlon, Jesse Pound, Michelle Fox and Pia Singh.
Stock localities making the biggest move: luv, mdt, snow, bbwi
