Business

Stocks making the biggest moves in the premarket: Boeing, Deere, Amazon, Netflix, Apple & more


Coca-Cola (KO) – Coca-Cola was upgraded to "overweight" from "neutral" at JPMorgan Chase, which points to rebound prospects post-COVID-19 and the idea that consensus estimates for revenue and profit are conservative.


Deere (DE) – The heavy equipment maker withdrew its financial outlook for 2020 due to the virus outbreak, and is temporarily shutting down some operations.


Amazon's move follows similar action from rival Walmart (WMT), which raised the minimum wage for e-commerce warehouse workers.


Gilead Sciences (GILD) – The drugmaker put emergency access to its experimental coronavirus drug remdesivir on hold due to overwhelming demand.


Best Buy (BBY) – The electronics retailer withdrew its financial guidance for the current quarter and the fiscal year, due to uncertainty related to the virus outbreak.


Marriott (MAR), (HLT) – These and other hotel companies are placing tens of thousands of workers on furlough, as travel dries up in the midst of the coronavirus outbreak.






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