Check retired the companies making headlines earlier the bell:
UnitedHealth (UNH) – The wellness insurer's shares roseate 2.2% successful the premarket aft beating connected the apical and bottommost lines for the 3rd 4th and raising its full-year net forecast. UnitedHealth earned $4.52 per share, 11 cents supra consensus, helped by gross gains astatine its Optum cause benefits unit.
Bank of America (BAC) – Bank of America shares gained 2.8% successful premarket trading, aft reporting third-quarter net of 85 cents per share. That compares with a 71-cent statement estimation and gross that besides topped forecasts, helped successful portion by a double-digit percent summation successful nett involvement income.
Wells Fargo (WFC) – Wells Fargo reported adjusted quarterly net of $1.22 per share, compared with a statement forecast of 99 cents, portion gross besides came successful supra estimates. Wells Fargo's results were helped by a merchandise of funds that had been acceptable speech to screen atrocious loans. The banal added 1.2% successful the premarket.
Walgreens Boots Alliance (WBA) – Walgreens shares rallied 2.4% successful the premarket arsenic its adjusted quarterly net of $1.17 per stock came successful 15 cents supra estimates. Revenue besides bushed statement estimates, with results helped by much Covid-19 vaccinations arsenic good arsenic maturation successful income of at-home Covid tests and income of acold and flu products.
Morgan Stanley (MS) – Morgan Stanley bushed estimates by 30 cents with a third-quarter nett of $1.98 per share, portion gross bushed Street forecasts arsenic well. The concern steadfast said its bottommost enactment reflected beardown show crossed each its concern segments. Morgan Stanley roseate 1.5% successful premarket action.
Caterpillar (CAT) – The dense instrumentality shaper was up 1.2% successful premarket enactment aft Cowen began sum with an "outperform" rating, saying it sees the archetypal "megacycle" for Caterpillar successful 14 years.
Taiwan Semiconductor (TSM) – The spot shaper reported a better-than-expected 13.8% leap successful third-quarter profit, acknowledgment to the surge successful planetary spot request and a shortage that's pushed prices higher. Shares jumped 3.8% successful the premarket.
Shopify (SHOP) – Shopify is partnering with Microsoft (MSFT), Oracle (ORCL) and different unreality providers to assistance businesses streamline their operations. Various tools from those providers volition present beryllium integrated into the Canadian e-commerce company's level for its customers.
Avis Budget (CAR) – Avis Budget was downgraded to "underweight" from "equal-weight" astatine Morgan Stanley, citing a fig of factors including valuation. The car rental company's shares person accrued five-fold implicit the past 12 months, and Morgan Stanley feels Avis Budget is astatine highest cyclical earnings. The banal tumbled 4.3% successful the premarket.
UPS (UPS) – UPS was upgraded to "buy" from "hold" astatine Stifel Financial, citing valuation, secular measurement maturation from e-commerce and continued absorption connected output management. Stifel besides accrued its terms people for the banal to $224 per share, representing a imaginable summation of 22% from existent levels. UPS added 2.6% successful premarket trading.