Check out the companies making headlines before the bell:
You’re here (TSLA) – Tesla gained 1.6% pre-market in a volatile session, following a seven-day losing streak and declines in ten of the last eleven sessions. Baird cut his price target on Tesla to $252 per share from $316, but continues to note the stock is outperforming.
AMC Entertainment (AMC) – AMC Entertainment rose 1.2% in premarket trading after CEO Adam Aron asked the movie theater chain’s board to freeze his salary. He also urged other senior AMC executives to do the same.
South West Airlines (LUV) – Southwest Airlines fell 1.3% in premarket action as it continues to cancel flights in its fight to return to a normal schedule. Southwest has canceled thousands of flights over the past week, following a severe winter storm, and is limiting bookings for the next few days.
Nvidia (NVDA), Micron Technology (MU) – These and other semiconductor stocks remain under scrutiny as investors focus on an oversupply of chips. This contrasts sharply with the global shortage during the pandemic, when demand was increasing.
Apple (AAPL) – Apple is slightly higher in pre-market after Tuesday’s close, which was the lowest since June 2021. Apple has fallen in the past three days and in eight of the past nine trading sessions.
Lyft (LYFT) – The rideshare company’s stock remains under scrutiny after closing below $10 per share for the first time since its IPO in 2019. It rebounded 1.1% in premarket trading .
Generac (GNRC) – The electrical equipment maker’s stock was rated buy in new coverage at Janney Montgomery Scott with a price target of $160, implying a 76% upside from current levels. Generac is the worst performer in the S&P 500 for 2022 with a decline of 74.1%.
