Stocks making the biggest moves premarket: Novartis, First Republic, 3M and more
Publishing timestamp: 2023-04-25 08:21:43
Summary
Several companies reported quarterly results, with some beating expectations (such as McDonald's, General Motors, Novartis, and PepsiCo) and others missing (such as UPS and Packaging Corp of America). First Republic Bank saw a significant drop in deposits during the first quarter, causing its stock to plummet. JetBlue forecasted a "solidly profitable" second quarter due to strong travel demand. 3M announced job cuts and a focus on high-growth markets. General Motors and Samsung SDI plan to build a joint battery manufacturing plant in the US.
Sentiment: MIXED
Tickers: MCD, PKG, UPS, GM, FRC, NVS, MMM, JBLU, PEP, NOV.N-CH,
Keywords: jetblue airways corp, united parcel service inc, breaking news: markets, market insider, breaking news, business news, novartis ag, stock markets, pepsico inc., packaging corp of america, first republic bank, general motors co, mcdonald's corp, markets, 3m co,
Source: https://www.cnbc.com/2023/04/25/stocks-making-the-biggest-moves-premarket-nvs-jblu-mmm.html