Netflix, Morgan Stanley, P&G, Alibaba – Wednesday’s Premarket Movers
Stock futures rose slightly on the Wednesday before Joe Biden’s inauguration ceremony. Here are some of the top movers during Wednesday premarket trading.
1. Netflix NFLX | Plus 14%
Shares of Netflix (NFLX) – Get the report jumped after the streaming giant added more paid subscribers than expected in the fourth quarter and topped 200 million streaming subscribers for the first time in late 2020.
2. UnitedHealth UNH | Decrease of 0.6%
UnitedHealth shares (UNH) – Get the report were slightly lower, even after the healthcare services company posted fourth-quarter earnings that exceeded analysts’ expectations.
UnitedHealth achieved an adjusted revenue share of $ 2.52 per share of $ 60.5 billion, compared to analyst estimates of $ 2.41 per share and revenue of $ 65.1 billion.
3. Procter & Gamble PG | Plus 1.4%
Procter & Gamble (PG) – Get the report The stock rose on Wednesday after the consumer goods giant posted profits above Wall Street estimates and raised its outlook for the fiscal year as higher demand for household cleaning and healthcare products added 8% to sales.
P&G reported earnings of $ 1.64 per share on revenue of $ 19.7 billion, compared to analyst estimates of $ 1.51 per share and revenue of $ 19.27 billion.
4. Morgan Stanley MS | Plus 1.8%
Morgan Stanley shares (MRS) – Get the report was traded higher on Wednesday after the investment bank posted stronger-than-expected fourth-quarter earnings, in part driven by spikes in trading, investment banking and wealth management revenues.
Morgan Stanley reported earnings of $ 1.81 per share on revenue of $ 13.6 billion, compared to analyst estimates of $ 1.30 per share and revenue of $ 11.54 billion.
5. Alibaba BABA | Plus 6.3%
US-listed Alibaba stocks (BABA) – Get the report jumped on Wednesday at the first appearance of founder Jack Ma in almost three months. The Chinese billionaire provided a virtual video address to more than 100 rural Chinese teachers.