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Stocks making the biggest moves premarket: Boeing, Tesla, General Electric, Facebook & more


Added 03-14-19 08:02:01am EST - “Some of the names on the move ahead of the open.” - Cnbc.com

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Posted By TheNewsCommenter: From Cnbc.com: “Stocks making the biggest moves premarket: Boeing, Tesla, General Electric, Facebook & more”. Below is an excerpt from the article.

General Electric — GE issued a 2019 outlook, saying it would earn an adjusted 50 cents to 60 cents per share for 2019, compared to the 70 cents a share consensus estimate. GE CEO Larry Culp said the company's challenges are "challenging but clear" and that he expects 2020 and 2021 to be significantly better.

Boeing — Boeing remains on watch after the Federal Aviation Administration grounded its fleet of 737 MAX jets while it investigates the causes of two recent overseas crashes involving the jet. Boeing shares did rise Wednesday after falling for seven straight sessions.

Facebook — Facebook's user data deals are the subject of a criminal investigation by federal prosecutors, according to The New York Times. The paper said a grand jury has subpoenaed records from at least two well-known makers of smartphones and other devices.

Dollar General — The discount retailer reported adjusted quarterly profit of $1.84 per share, 4 cents a share below estimates. Revenue, however, did beat estimates, and a comparable-store sales increase of 4.0 percent was better than the 2.6 percent increase predicted by analysts surveyed by Refinitiv. The company also increased its quarterly dividend by 10 percent to 32 cents per share, and added $1 billion to its stock buyback program.

General Mills — The food producer was upgraded to "buy" from "hold" at Deutsche Bank, saying the company's core business has stabilized and that the opportunity represented by its Blue Buffalo pet products business remains underappreciated.

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