Tesla, Alcoa Rise Premarket; Carnival, United Airlines Fall

  • Investing.com
  • Stock Market News
Tesla, Alcoa Rise Premarket; Carnival, United Airlines Fall
Credit: © Reuters.

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, July 21st. Please refresh for updates.

  • Tesla (NASDAQ: TSLA ) stock rose 2.7% after the electric car maker reported a smaller-than-expected drop in quarterly profit, helped by a string of price increases for its cars.

  • Alcoa (NYSE: AA ) stock rose 4.1% after the aluminum producer reported better-than-anticipated earnings , while also announcing an additional $500 million share buyback.

  • Carnival (NYSE: CCL ) stock fell 12% after the cruise operator announced it was selling an additional $1 billion of stock, using the money for general corporate purposes.

  • AT&T (NYSE: T ) stock fell 2.3% after the telecoms giant cut its annual free cash flow forecast to $14 billion from $16 billion, as it has to increase investments to compete with major rivals. However, it raised its forecast for annual revenue growth in its wireless service business after reporting a jump in quarterly subscriber additions.

  • United Airlines (NASDAQ: UAL ) stock fell 7.3% after the carrier posted a lower-than-expected quarterly profit , its first without U.S. aid since the pandemic began, as booming travel demand failed to offset higher operating costs.

  • American Airlines (NASDAQ: AAL ) stock fell 3% despite the carrier forecasting a profitable third quarter, indicating that a boom in travel demand will more than offset higher costs.

  • AutoNation (NYSE: AN ) stock fell 2.8% after the auto retailer reported a slight drop in second-quarter revenue, hit by a steep decline in new vehicle sales.

  • Travelers (NYSE: TRV ) stock fell 1.1% after the insurer reported a nearly 29% fall in quarterly profit, hurt by higher catastrophe-related claims and lower returns on its investments.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or


Related Articles