Check out the companies making headlines before the bell:
Walgreens (WBA) – Shares of the drugstore chain operator rose 1.5% pre-market after Deutsche Bank upgraded the shares to buy on hold. Following a recent meeting with management, the company said it is increasingly confident in Walgreens’ strategy to transition to a health services company.
Intel (INTC) – The chipmaker’s stock was rated underweight in the resumption of hedging at JPMorgan Chase after a tight period, compared to its last overweight rating. JPMorgan said Intel will participate in an overall industry rebound, but at a slower pace due to competitive pressures. Intel fell 2% in premarket action.
American bank (USB) – Warren Buffett Berkshire Hathaway has sold more than 91 million shares of U.S. Bancorp year-to-date, according to a regulatory filing. Berkshire now owns just over 53 million shares, or a 3.6% stake.
Wynn Resorts (WYNN), Las Vegas Sands (LVS) – Shares of casino operators rose after China eased Covid-19 restrictions. Wynn rose 3.4% premarket while Las Vegas Sands jumped 3.6%.
Doximity (DOCS) – Doximity jumped 21.1% in premarket trading after the online platform for healthcare professionals reported better-than-expected quarterly results and announced a new share buyback program.
Duolingo (DUOL) – Shares of Duolingo fell 3.2% premarket after announcing that its latest quarter revenue was slightly below analysts’ forecasts. The online language course provider also reported a weaker-than-expected quarterly loss and raised its full-year revenue outlook.
Legal mentionsZoom (LZ) – LegalZoom rose 15.4% in premarket action following better-than-expected quarterly results from the online provider of legal documents and advice. LegalZoom announced a lower quarterly loss than analysts had expected and raised its full-year revenue forecast.
Beazer Homes (BZH) – Beazer rose 1.6% in premarket trading after its quarterly profit and revenue beat the Wall Street consensus. Beazer benefited from gains in house prices and profit margins.
CORRECTION: This article has been updated to correct JPMorgan Chase’s previous note on Intel.