First Republic Bank, First Citizens, Novartis, Carnival, and More: U.S. Stocks to Watch

Dow Jones
2023/03/27

Stock futures were rising Monday as investors maintained their focus on turmoil in the banking industry.

These stocks were poised to make moves Monday:

U.S. regional banks: First Republic Bank (FRC) led a rebound in US regional bank stocks in premarket trading. First Republic Bank surged 25%; Silvergate Capital (SI) jumped 16%; PacWest Bancorp (PACW) rose 7.4%; Western Alliance Bancorp (WAL) rose 5%.

First Citizens Bancshares (FCNCA) was rising 6.4% in premarket trading after agreeing to acquire large parts of Silicon Valley Bank two weeks after its collapse triggered a wave of market turmoil. First Citizens will be buying all of Silicon Valley Bank's deposits, loans and branches, which will open on Monday under the new ownership, according to the Federal Deposit Insurance Corp.

American depositary receipts of Novartis (NVS) rose 6% after the Swiss pharmaceutical company reported positive top-line results from a trial of breast-cancer drug Kisqali. Novartis said Kisqali plus endocrine therapy "significantly reduced the risk of disease recurrence" compared with standard endocrine therapy alone.

BioNTech (BNTX), the German biotechnology company, and Carnival (CCL), the cruise ship operator, are scheduled to report quarterly earnings before the stock market opens Monday. Wall Street expects Carnival Corporation to post a quarterly loss at $0.61 per share on revenue of $4.33 billion; Analysts are expecting BioNTech SE to have earned 8.91 per share on revenue of $4.39 billion for the latest quarter.

Reports later in the week are expected from Micron Technology (MU), Lululemon Athletica (LULU), Walgreens Boots Alliance (WBA), Paychex (PAYX), EVgo (EVGO) and BlackBerry (BB).

Iovance Biotherapeutics (IOVA), the cancer-therapy developer, gained 11.4% in premarket trading after saying Friday it completed a rolling biologics license application submission to the Food and Drug Administration for lifileucel, a melanoma therapy.

Berkshire Grey, Inc. (BGRY) entered into definitive merger agreement with SoftBank Group for a go-private transaction. Berkshire Grey shares jumped 19.3% in premarket trading.

Motorsport Games Inc. (MSGM) posted downbeat results for its fourth quarter on Friday. Motorsport Games shares dropped 10.5% in premarket trading.

Analysts expect PVH Corp. (PVH) to post quarterly earnings at $1.67 per share on revenue of $2.36 million after the closing bell. PVH shares rose 0.7% to $73.27 in after-hours trading Friday.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10