Stocks to watch in premarket trading on Friday, March 17th. Keep checking for updates.
First Republic Bank (NYSE:FRC) shares dropped 13% as the regional bank continued facing challenges, despite a $30 billion deposit from major banks as a show of support.
FedEx (NYSE:FDX) shares surged 11% after the company raised its guidance following impressive third-quarter earnings, beating expectations due to cost-cutting measures that offset weak demand.
Merck (NYSE:MRK) shares declined 0.7% after the pharmaceutical firm reported disappointing trial results for one of its metastatic non-small cell lung cancer drugs.
Nvidia (NASDAQ:NVDA) shares increased 1.7% after Morgan Stanley upgraded its rating on the software company to ‘overweight’ from ‘equal-weight’, pointing to growing enthusiasm around artificial intelligence.
Alphabet (NASDAQ:GOOGL) shares slipped 0.6% after the Google parent company announced a price hike for its YouTube TV subscription, attributing it to rising content costs.
Microsoft (NASDAQ:MSFT) shares rose 0.6% after a filing revealed the tech giant proposed solutions to secure EU antitrust approval for its $69 billion acquisition of Activision (NASDAQ:ATVI).
Bumble (NASDAQ:BMBL) shares climbed 0.9% after Citigroup initiated coverage of the online dating platform with a ‘buy’ rating, anticipating market share growth.
Credit Suisse (NYSE:CS) shares fell 6.9% following a Bloomberg report that the bank rejected a proposal from Swiss regulators for a takeover by its larger rival, UBS (SIX:UBSG).
