Stocks making the biggest moves premarket: Delta Air Lines, Costco Wholesale, Pfizer and more

Check out the companies making headlines before the bell. Delta Air Lines — Shares tumbled 9% after the airline issued a lower-than-expected sales growth forecast in the current quarter. Net income also fell 30% in the second quarter despite revenue reaching record highs. Costco Wholesale — Costco shares added nearly 3% after the wholesale club raised its membership fee for the first time since 2017 . The company hiked the cost of its annual membership by $5 in the U.S.

Morgan Stanley downgraded shares to underweight, citing top-line headwind concerns that cap the opportunity for multiple expansion. WD-40 — WD-40 shares climbed 10% on stronger-than-expected fiscal third-quarter results. The maker of metal lubricants beat Wall Street's estimates on the top and bottom lines, posting earnings of $1.46 per share and $155 million in revenue. Darden Restaurants — The Olive Garden parent slipped 1.6% on the heels of a Jefferies downgrade to underperform from hold.

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This week: Consumer prices, Delta Air Lines and bank earningsOn Thursday, the government issues a report on consumer prices in June and Delta Air Lines releases its second-quarter earnings. On Friday, several big banks report their latest results, including JPMorgan Chase, Wells Fargo and Citigroup.
Source: AP - 🏆 728. / 51 Read more »