Here are the corporations generating headlines ahead of the bell:
Angi (ANGI) – Angi shares additional 2% in premarket investing immediately after the on the internet household products and services corporation named Joey Levin as CEO, replacing Oisin Hanrahan. Levin is presently the CEO of Angi parent company IAC and will go on in that position as well as running Angi.
Leggett & Platt (LEG) – Leggett & Platt tumbled 8.6% in the premarket right after the industrial maker slashed its complete-yr profits and earnings direction. The organization factors to inflation and economic ailments that have weighed on demand, but does count on fourth quarter outcomes to improve from the 3rd quarter.
KLA-Tencor (KLAC) – The semiconductor machines and services corporation will reportedly halt some gross sales and solutions in China to comply with U.S. export controls, according to a supply acquainted with the circumstance who spoke to Reuters. KLA shares slid 2.4% in premarket trading.
Zscaler (ZS) – Zscaler took a 4.9% premarket strike just after the cloud safety company introduced the resignation of enterprise president Amit Sinha, who will go to a CEO situation at a privately held technological know-how firm. Sinha will continue being on Zscaler’s board of directors.
Meta Platforms (META) – Meta was downgraded to “neutral” from “obese” at Atlantic Equities, which also decreased its value goal for the Fb and Instagram parent’s stock to $160 per share. The agency stated Meta faces an ever more challenged development outlook due to macroeconomic headwinds. Meta fell 1.3% in premarket action.
BlackRock (BLK) – BlackRock was downgraded to “neutral” from “invest in” at UBS, with the value focus on for the asset management firm’s stock lower to $585 for every share from $700. UBS stated BlackRock faces some risk from its placement on ESG investing, as properly as constrained cost adaptability. BlackRock is established to report quarterly earnings on Thursday. BlackRock fell 2% in premarket buying and selling.
Roblox (RBLX) – Roblox slumped 4.3% in the premarket following the stock was rated “underweight” in new protection at Barclays. The firm said the gaming platform operator was a key beneficiary of the pandemic, but that advancement may possibly be challenged heading forward as its essential markets now have high penetration prices.
Lululemon (LULU) – The apparel maker’s inventory extra 1.4% in the premarket right after Piper Sandler upgraded it to “chubby” from “neutral,” noting ongoing gross sales momentum and an option for outperformance in outerwear all through the slide/winter season.
Warner Audio Group (WMG) – The music publisher’s stock rallied 3.4% in premarket buying and selling immediately after Goldman Sachs commenced coverage with a “acquire” rating. Goldman cites growth in subscription and advertisement-supported music streaming as perfectly as new licensing possibilities.
