Stocks making the biggest moves premarket: JPMorgan, Taiwan Semiconductor, Ericsson and more

The companies are making news before the bell rings.

After falling 12 cents shy of estimates with a quarterly profit of $2.76 per share, JP Morgan Chase was down 3.0% in premarket trading. It said it was suspending share purchases. Inflation, consumer confidence, and other factors are likely to have a negative effect on the global economy.

Revenue at Morgan Stanley fell short of expectations, with the investment bank reporting earnings that were 14 cents shy of estimates. The bank's results in equity and fixed income were strong. Morgan Stanley fell in the pre market.

The stock of Taiwan Semiconductor rose in the premarket after the company reported second-quarter earnings. Taiwan Semi increased its revenue forecast. Strong markets for automotive and Internet of Things chips boosted results.

The Sweden-based telecom equipment company reported a profit that missed analyst estimates. The company's shares fell in pre market trading.

The social networking site added 1.1% in premarket action, on top of a 12.6% jump over the past two sessions. The gain was caused by the lawsuit that was filed against Musk to force him to go through with the acquisition. In an SEC filing, the company said that it is not planning layoffs but may restructure the company.

ConAgra reported an adjusted quarterly profit of 65 cents per share, 2 cents above estimates, and revenue was in line with forecasts. ConAgra's operating margins fell due to higher costs.

J.P. Morgan Securities lowered its rating on the networking equipment maker's stock to "neutral" from "overweight". There was a decline in the pre market.

Dollar General's stock fell in the premarket after it was upgraded to "neutral" from "buy" by Citigroup. The recent announcement of the CEO transition will not affect the view of the stock, according to Citi.