Check out the companies making headlines before the bell. Constellation Energy — The energy stock added 2% following an upgrade to buy from neutral at Bank of America. Analyst Ross Fowler said that the company was in the best position to benefit from upcoming regulatory clarity coupled with increasing demand and tightening supply. This potential is not currently baked into the company's price, making shares undervalued, he added.
Each of the stocks moved up around 1% in premarket trading. The analyst anticipates accelerating trends in restaurant traffic and more impulse purchasing next year, which he believes should benefit the beverage and snacks industry. Adobe — The software giant tumbled 11% after issuing weaker-than-expected revenue guidance for its fiscal first quarter. Adobe anticipates revenues between $5.63 billion and $5.68 billion, versus the LSEG consensus estimate of $5.73 billion.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves premarket: Salesforce, Foot Locker, Pure Storage, PSQ Holdings & moreThese are the stocks posting the largest moves in early trading.
Source: CNBC - 🏆 12. / 72 Read more »
Three global stocks stocks to own in 2025, according to BarclaysBarclays named 'overweight-rated stocks in which our analysts have high conviction in 2025 and see value in owning on an individual basis.'
Source: CNBC - 🏆 12. / 72 Read more »
CNBC Daily Open: U.S. stocks start December chilly; Korea stocks tumble on political chaosDecember may have triggered the thawing of Mariah Carey, but stocks are beginning the month chilly, though unlikely they’ll remain in permafrost this…
Source: NBCNewYork - 🏆 270. / 63 Read more »
Wall Street stocks end lower after inflation data, tech stocks push Nasdaq downWall Street stocks end lower after inflation data, tech stocks push Nasdaq down
Source: Investingcom - 🏆 450. / 53 Read more »
Top Wall Street analysts are upbeat on these stocks for the long haulTipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Amazon and Uber Technologies.
Source: CNBC - 🏆 12. / 72 Read more »
3 Undervalued Stocks With 20%+ Upside to Keep on Your Radar for 2025 and BeyondStocks Analysis by Investing.com (Jesse Cohen) covering: Block Inc, Endeavor Group Holdings Inc, Kyndryl Holdings Inc. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »