Here are some of the companies with shares expected to trade actively in Thursday’s session. Stock tickers reflect movements during regular trading hours; premarket trading is specified separately.
General Electric Co. GE 7.30% —Up 12% premarket: The company announced that it is reorganizing its GE Digital business to establish an internet-of-things software company that will be wholly owned and independently run. Meanwhile, JP Morgan upgraded GE to neutral from underweight, with analysts saying they “now see a more event-driven, balanced risk reward at current levels.”
Apple Inc.—Up 0.8% premarket: Apple plans to invest $1 billion building a new corporate campus in Austin, Texas, that could eventually create 15,000 jobs, the company said.
Tencent Music Entertainment Group—Up 2.7% premarket: The Chinese music-streaming company rose 7.7% to $14 an American depositary share on the New York Stock Exchange in its public debut Wednesday.
Oxford Industries Inc OXM -10.12% .—Down 13% premarket: The apparel company, which owns brands including Tommy Bahama, lowered its fourth-quarter profit targets.
Tailored Brands Inc. —Down 24% premarket: Tailored Brands lowered its outlook for the year after sales at its Men’s Wearhouse business softened last month.
Ciena Corp. —Up 7.8% premarket: Ciena reported higher revenue and announced a share repurchase program.
Intuit Inc. —Down 1.4% premarket: JP Morgan analysts cut Intuit to underweight from neutral. “This tax season will hinge on the adoption of Turbo Tax Live, in our opinion, and even if it is better than expected we do not see it driving the valuation low enough to help shares outperform from these levels,” analysts said.
Autodesk Inc. —Down 1.7% premarket: Autodesk was also cut by JP Morgan, to neutral from overweight, as analysts move to reduce exposure to cyclically sensitive stocks, the firm said.
Twitter Inc. TWTR -0.99% —Up 0.7% premarket: Shares of the social-media company are up 10.4% for the week with Wednesday’s 5.2% rise, heading for their best week since Oct. 26.
Goldman Sachs GS -0.44% Group Inc.—Up 0.4% premarket: Shares of the Wall Street firm gave up their early advance Wednesday, closing down less than 0.1% to extend their losing streak to six sessions. The stock is at its lowest level since November 2016.
SeaWorld Entertainment Inc. —Unchanged premarket: The Justice Department has closed a criminal investigation into SeaWorld Entertainment over its response to a 2013 film that criticized the company’s treatment of killer whales and caused its attendance and stock to drop.
Ball Corp. —Unchanged premarket: The company said Thursday that it is selling its metal beverage packaging facilities for about $225 million to Chinese metal-packaging company ORG Technology Co. Ltd.
CBS Corp. —Unchanged premarket: CBS News settled a lawsuit late in Wednesday’s session, for undisclosed terms, brought by three women who alleged they were harassed by former on-air personality Charlie Rose.
