The companies are making news before the bell.
The Canadian gold producer agreed to be acquired by Gold Fields in an all-stock deal. Yamana Gold shareholders will receive Gold Field shares for each share they own. Yamana and Gold Fields plummeted in the premarket.
Credit Suisse denied a report that it is considering raising capital after a series of losses. Two people with knowledge of the matter told the news agency that the bank was considering options, including a share sale. Credit Suisse was down in premarket action.
The consumer products company named activist investor Nelson Peltz to its board. Trian Fund Management holds a stake in the company.
The FDA put a trial related to the drug Cialis on hold. The trial was to evaluate the conversion of the prescription treatment to over the counter status.
Morgan Stanley added the China-based electric vehicle maker's stock to its "tactical idea" list. Morgan Stanley thinks the shares will rise as Covid restrictions are relaxed in the Shanghai region, and as the company benefits from new subsidies for electric car buyers.
The stock of the company received a double upgrade at Daiwa Securities, which raised its rating to "outperform" from "underperform". Growth expectations for Zoom seem more realistic now that the recent tech pullback presents upside opportunity, according to Daiwa. The company added 1.6% in premarket trading.
The apparel retailer's stock slid another 5.7% in the premarket after a post- earnings tumble. Morgan Stanley feels that the reduced guidance from American Eagle management may still be too optimistic.
The paint company's shares fell 2.5% in premarket trading after Credit Suisse began coverage with a "underperform" rating. Residential and commercial paint demand could be affected by rising interest rates.
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