© Reuters
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, April 18th. Please refresh for updates.
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Goldman Sachs (NYSE:GS) stock fell 3.7% after the investment bank's first quarter profit dropped as a difficult three months for dealmaking eroded its fees from investment banking.
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Bank of America (NYSE:BAC) stock rose 2.1% after the lender's profit rose in the first quarter as it earned more from customers' interest payments while the Federal Reserve raised borrowing costs.
- Lockheed Martin (NYSE:LMT) stock rose 1.3% after the weapons maker reported strong first quarter results as simmering geopolitical tensions fueled demand from both U.S. and international customers.
- JB Hunt (NASDAQ:JBHT) stock fell 1.5% after the transportation company missed expectations for its first quarter earnings because of weaker demand, lower prices, and higher costs.
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Nvidia (NASDAQ:NVDA) stock rose 2.5% after HSBC upgraded its stance on the software company all the way to 'buy' from 'reduce', citing AI opportunities.
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Ford (NYSE:F) stock rose 0.79% after the auto giant said it will import its next-generation Lincoln Nautilus from China to the U.S., instead of from its plant in Ontario, Canada.
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Comcast (NASDAQ:CMCSA) stock rose 1.2% after Atlantic Equities upgraded the telecommunications company to 'overweight' from 'neutral' ahead of its first quarter earnings.
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Nio (NYSE:NIO) ADRs fell 0.3% after the Chinese electric car manufacturer's CEO William Li said that he would not enter a price war, keeping its prices high rather than following Tesla (NASDAQ:TSLA), up 0.4%, and cutting them.
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Fox (NASDAQ:FOX) stock fell 2.5% with the $1.6 billion defamation lawsuit by Dominion Voting Systems against the news giant set to get underway later Tuesday.
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Polestar (NASDAQ:PSNY) stock rose 0.7% after CEO Thomas Ingenlath said the electric vehicle maker will start production in South Carolina for U.S. and European markets from 2024.
We read at: Investing.com