PTON stock is among the stocks to watch trading at $25.87 as of 11:42 AM EDT.
Stocks appeared ready for another slide at the start of Thursday’s trading after a turbulent session concluded with slight losses the day before. The recent profit-taking came after Monday and Tuesday’s enormous advances.
Even if the general market is still driven mainly by macro worries and momentum, several single-stock tales are also grabbing media attention. The following equities are recommended for Thursday:
4 Stocks To Watch Today Include AAPL, MU, AMPS, And NKE
Stocks to Watch Today
PTON Stock
Peloton (NYSE:PTON) will get rid of 500 jobs (12% of its workforce) as part of a restructuring. The company CEO only joined in February and has a half-year deadline to reverse things.
LLY Stock
The U.S. Food and Drug Administration has granted Lilly’s (NYSE:LLY) tirzepatide product fast-track status for the treatment of people with obesity or overweight who also have weight-related comorbidities. LLY anticipates starting a rolling submission of a new medication application this year thanks to this regulatory designation.
LEVI Stock
After the closing of business, Levi Strauss (NYSE:LEVI) is expected to release its quarterly results. The garment manufacturer is anticipated to earn $0.37 per share, a 23% decrease from the prior year. However, it is anticipated that revenue will increase by around 7% to $1.6 billion.
COMP Stock
According to rumors of potential takeover interest from an investment firm, Compass (NYSE:COMP) increased 9% in premarket trade. According to an insider, Vista Equity has expressed interest in taking COMP private.
CAG Stock
Following the disclosure of its quarterly earnings, Conagra (NYSE:CAG) slightly increased in premarket trading. The company’s Q1 results above forecasts thanks in part to sales that increased 9% from the prior year to $2.9 billion. Before the opening bell, CAG stock rose by 3%.
Featured Image- Megapixl @ Michaelvi
Author Jowi Kwasu