Stock index futures fell on Thursday after President Donald Trump signed a federal spending bill into law, officially ending the government shutdown following its passage in Congress. Here are four stocks to watch on the day:
The Walt Disney Company (DIS) fell 4.6% in premarket trade as the firm’s reported sales failed to impress investors. The company fourth-quarter revenue dipped 0.5% year-over-year, including gains across the Sports (+2%) and Experiences (+6%) segments, while the Entertainment segment saw revenue decline 6%.
Rio Tinto (RIO) rose 0.6% before the opening bell as it said it will place its $2.4 billion Jadar lithium project in Serbia under care and maintenance, as the miner’s new leadership seeks to simplify the business and focus on quicker growth options. Rio (RIO) has long touted the project as an important future source of the battery metal for the European market, but it has been plagued with problems.
The American depository shares of JD.com (JD) were up 1.6% in premarket trade as the firm beat both its top and bottom line estimates in the third quarter. The firm reported revenue of $42.01B, up 14.9%, beating consensus by $720M. It posted adjusted EPADS of $0.52, beating estimates by $0.11.
The American depository shares of BioNTech (BNTX) lost ~5% before the opening bell as Pfizer (PFE) is reportedly planning to sell its remaining stake in its partner, which helped the U.S. pharma giant to develop the Comirnaty COVID-19 vaccine during the pandemic. The New York-based drugmaker is looking to offer about 4.55M American depositary receipts of BioNTech (BNTX) at $108 – $111.70 apiece via an overnight block trade.