Check out the companies making headlines in premarket trading. Coinbase — The cryptocurrency exchange slipped nearly 4% following a downgrade to underweight earlier on Tuesday from JPMorgan. The bank said 2024 could be a tough year for Coinbase as enthusiasm for spot Bitcoin ETFs fades. General Electric — Shares of General Electric were down nearly 7% in the premarket after the industrial giant issued weaker-than-expected guidance for the first quarter. The company sees earnings per share ranging between 60 and 65 cents, well below an LSEG estimate of 72 cents per share. Sunnova , Enphase Energy — The two solar companies were higher in premarket trading after Truist upgraded them to buy from hold. Shares of Sunnova climbed added more than 6%, while Enphase ticked up 4%. Truist said both stocks should get a boost from Federal Reserve rate cuts later this year. 3M — 3M reported disappointing full-year and first-quarter guidance, sending the stock down more than 5% in the premarket. The company sees earnings per share between $9.35 and $9.75, below an LSEG estimate of $9.81. Zuora — The software company added 2.5% following an upgrade to buy from Goldman Sachs. The bank said Zuora is trading at attractive levels. Teva Pharmaceutical Industries — The pharma stock added 1.7% following an upgrade to a buy rating from hold at Jef …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in premarket trading. Coinbase — The cryptocurrency exchange slipped nearly 4% following a downgrade to underweight earlier on Tuesday from JPMorgan. The bank said 2024 could be a tough year for Coinbase as enthusiasm for spot Bitcoin ETFs fades. General Electric — Shares of General Electric were down nearly 7% in the premarket after the industrial giant issued weaker-than-expected guidance for the first quarter. The company sees earnings per share ranging between 60 and 65 cents, well below an LSEG estimate of 72 cents per share. Sunnova , Enphase Energy — The two solar companies were higher in premarket trading after Truist upgraded them to buy from hold. Shares of Sunnova climbed added more than 6%, while Enphase ticked up 4%. Truist said both stocks should get a boost from Federal Reserve rate cuts later this year. 3M — 3M reported disappointing full-year and first-quarter guidance, sending the stock down more than 5% in the premarket. The company sees earnings per share between $9.35 and $9.75, below an LSEG estimate of $9.81. Zuora — The software company added 2.5% following an upgrade to buy from Goldman Sachs. The bank said Zuora is trading at attractive levels. Teva Pharmaceutical Industries — The pharma stock added 1.7% following an upgrade to a buy rating from hold at Jef …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
