Delta, Boeing KB Home Rise Premarket; Snap Falls
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, January 13th. Please refresh for updates.
Delta Air Lines (NYSE:DAL) stock rose 1.8% after the carrier reported higher quarterly earnings on the back of strong holiday travel demand, but warned of a loss in the current quarter due to turbulence caused by the Omicron coronavirus variant.
Boeing (NYSE:BA) stock rose 2.5% following a Bloomberg report suggesting that the aircraft manufacturer’s troubled 737 MAX jet could resume service in China as soon as this month.
KB Home (NYSE:KBH) stock rose 7% after the homebuilder reported strong fourth-quarter earnings, helped by continued strong demand for housing.
Robinhood (NASDAQ:HOOD) stock rose 0.2% after the cryptocurrency exchange’s chief financial officer downplayed rumors that it is about to start offering trading in digital currency Shiba Inu.
Taiwan Semiconductor Manufacturing (NYSE:TSM) stock rose 4.4% after the chipmaker reported a record quarterly profit on the back of booming semiconductor demand.
Snap (NYSE:SNAP) stock fell 3.5% after Cowen downgraded the social media company to “market perform” from “outperform”, citing concerns over Apple’s privacy rules impacting advertising revenue.
Bumble (NASDAQ:BMBL) stock rose 3.1% and Match Group (NASDAQ:MTCH) stock rose 3.9% after Goldman Sachs upgraded both online dating sites to “buy” from “neutral”, seeing substantial upside ahead.
Virgin Orbit (NASDAQ:VORB) stock rose 2.9% with the company set to launch its first commercial satellite since going public later Thursday.
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Delta, Boeing KB Home Rise Premarket; Snap Falls
