Investing.com - Financial Markets Worldwide
Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Stocks - Boeing and Its Suppliers in Focus in Premarket

Published 17/12/2019, 13:26
© Reuters.
BA
-
LLY
-
ULVR
-
GE
-
SPR
-
NAV
-
UN
-
SAFRY
-
ROKU
-
TME
-

Investing.com -- Stocks in focus in premarket trade on Tuesday, 17th December. Please refresh for updates.

  • 9:00 AM ET: Boeing (NYSE:BA) stock was down 1.6% as the market continued to digest its decision to halt production of the 737 MAX airplane from January, in the face of difficulties in getting regulators to deem it airworthy again.

The problem was rippling through Boeing’s supply chain, with Spirit Aerosystems (NYSE:SPR) – which makes the plane’s fuselage - also set to open lower after a 6.2% drop after hours on Monday.

General Electric (NYSE:GE), half of the CFM joint venture that supplies engines to Boeing (NYSE:BA), will also be in the spotlight after its JV partner, French-based Safran (OTC:SAFRY), fell 2.5% in the European morning.

  • 09:02 AM: Anglo-Dutch consumer giant Unilever (LON:ULVR)'s ADR (NYSE:UN) were down 6.1% at a four-month low after the company said that it would miss its medium-term target for underlying sales growth of 3%-5% both this year and in the first half of 2020.

  • The company blamed the economic slowdown in India (the worst in six years) and also warned that a recovery in the largely buoyant North American market "will take time".

    • The company’s stock has fallen by more than one-third since April.

    The company blamed the economic slowdown in India (the worst in six years) and also warned that a recovery in the largely buoyant North American market "will take time".

    • 08:59 AM: Tencent Music Entertainment (NYSE:TME) ADSs were up 3.6% after the company announced a $400 million buyback program to run over the next 12 months.

  • 08:52 AM: Truckmaker Navistar (NYSE:NAV) warned it expected revenue to fall by around 15% next year due to a cyclical downturn.

  • It said it's reducing production rates and sales-, general and administrative-related costs. It expects underlying EBITDA to be in the range of $700-$750 million in 2020, and revenue around $9.5 billion.

    • 8:43 AM ET: Streaming device maker Roku (NASDAQ:ROKU) was down 2.9% after saying after the bell on Monday that its chief financial officer Steve Louden is to step down. Louden had seen the company through its IPO and helped preside over a quadrupling of the company’s share price this year.

  • 8:38 AM Eli Lilly (NYSE:LLY) stock was up 1.8% after forecasting 2020 profit above Wall Street consensus, due to growing demand for drugs such as diabetes treatment Trulicity and Taltz, which is used to trade psoriatic arthritis.

  • The drugmaker said it expects adjusted earnings per share of $6.70-$6.80 compared to a Refinitiv-generated consensus of $6.63

    Latest comments

    Install Our App
    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.