My Portfolio
My Watchlists
Profile & Performance
Smart Portfolio
Find & Follow Experts
Top Lists
Top Experts
Make Better, Data Driven Investment Decisions
TipRanks tools are all you need to make data-driven investment decisions. Conduct comprehensive stock research, find new investment ideas, analyze your portfolio, and follow the best-performing Wall Street experts, with ease.
About Us
Plans & Pricing

Thursday’s Pre-Market: Here’s What You Need to Know Before the Market Opens

U.S. stock futures were trending higher on Thursday as the Federal Reserve left key rates unchanged and did not announce the start of asset purchase tapering. Sentiments in the equity markets have also improved on Evergrande, hinting it might not default on near-term coupon payments.

Dow futures were up 0.52%, S&P futures were up 0.58%, and Nasdaq futures were up 0.60% at the time of writing.

Accenture plc (ACN), Endava plc (DAVA), and Darden Restaurants, Inc. (DRI) are set to report their quarterly results before the market opens. Scholastic Corp. (SCHL), Aehr Test Systems (AEHR) CalAmp Corp. (CAMP) will report after the market close.

Senmiao Technology Limited (AIHS) was the most active stock in the pre-market session, with 648.41k shares changing hands at the time of writing. It is still unclear what is causing the stock to spike as no fundamental news has been released to justify the pop.

Amplitude Healthcare Acquisition Corp. (AMHC) was the biggest gainer in the pre-market, jumping 70.97% at the time of writing. The spike comes after the company confirmed that shareholders had approved a business combination with Jasper Therapeutics.

Eargo (EAR) was the biggest loser in the pre-market session, dropping 58.47% at the time of writing. The sell-off comes after the company confirmed it is the target of a criminal investigation by the U.S. Department of Justice over insurance reimbursement claims.

Procore Technologies, Inc. (PCOR) has reached an agreement to acquire construction software company Levelset for $500 million. The buyout price comprises of $425 million in cash and $75 million in Procore common stock. With the acquisition, the construction management software provider will gain access to valuable lien rights management.

Meanwhile, Sonic Automotive, Inc. (SAH) has entered into a definitive agreement to acquire auto retail platform RFJ Auto Partners. The financial terms of the deal remain under wraps. RFJ Auto enters the deal with 33 locations in seven states. The company also has a portfolio of 16 automotive brands and generated $2.8 billion in revenues last year. The acquisition should add about $3.2 billion in annualized revenues.

Facebook (FB) has stopped negotiating licensing talks with publishers in Australia. Citing an email sent to the industry, Reuters reports that the move comes barely six months after a new law was passed that requires tech giants to pay for news content. The suspension of negotiations comes after the company had inked deals with various media outlets.

Electric Last Mile Solutions (ELMS) has inked a deal with Randy Marion Automotive to supply 1,000 units of its Urban Delivery Vehicle. The purchase order marks an important milestone in the company’s push to deliver commercial electric vehicles in the U.S.

The Goodyear Tire & Rubber Company (GT) plans to adopt renewable energy at its plants in Europe and Turkey. The company intends to procure 100% renewable energy at all its facilities across Europe, Asia, and Africa by 2022. Consequently, the company will purchase 700,000 megawatt-hours of renewable electricity as it moves to reduce its carbon footprint by up to 260,000 tons.