Stock futures wobbled Wednesday as investors awaited details of President Joe Biden‘s infrastructure plan.
Dow Futures Lower Ahead of Biden Infrastructure Plan; Bond Yields Rise
Here are some of the top movers during premarket trading on Wednesday.
1. Chewy CHWY | Up 13%
Shares of Chewy (CHWY) – Get Report were higher after the online pet-supplies provider reported its first quarterly profit after the bell Tuesday. Revenue nearly doubled to $2 billion amid a surge in online orders during the pandemic.
“Overall, we see 2020 and the impact of COVID as much more than just a one-time growth accelerator,” Chief Executive Sumit Singh and Chief Financial Officer Mario Marte wrote in a letter to investors.
American depositary receipts of BioNTech ((BNTX)) – Get Report advanced after Pfizer (PFE) – Get Report said its coronavirus vaccine developed in partnership with the German drugmaker was 100% effective in a late-stage study of adolescents aged 12 to 15.
Shares of Apple (AAPL) – Get Report moved higher after analysts at UBS boosted their price target on the tech giant, citing stable iPhone demand and its potential move into the electric-vehicle market.
UBS analyst David Vogt lifted his rating on Apple to buy from neutral while boosting his price target to $142 from $115.
4. Walgreens Boots Alliance W(BA) | Up 2.5%
Shares of Walgreens (W(BA)) – Get Report rose Wednesday after the drugstore operator reported better-than-expected quarterly earnings and raised its full-year guidance for the fiscal year.
5. BlackBerry BB | Down 5.3%
Shares of BlackBerry (BB) – Get Report slipped after the communications software company missed fourth-quarter revenue expectations set by Wall Street analysts.
Shares of Pfizer (PFE) – Get Report rose after the company said its coronavirus vaccine developed in partnership with the German drugmaker BioNTech ((BNTX)) – Get Report was 100% effective in a late-stage study of adolescents aged 12 to 15.