Headlines4Happiness

Your Daily Shot of happy news

Good Business News

Boost your portfolio: Pre-market movers like McDonald’s, SoFi & Invitation Homes!

Posted by

Robert Davis (Editor Business)

–

10/31/2023

Boost your portfolio: Pre-market movers like McDonald's, SoFi & Invitation Homes!

Spread the happiness

Pre-market trading is seeing positive movements in several companies. East West Bancorp is up 2.6% after receiving an upgrade to buy from UBS, based on strong Q3 results and potential balance sheet strengthening. McDonald’s shares have popped 2.8% following a beat on Q3 earnings and revenue, with an 8.1% increase in same-store sales, primarily driven by price increases. SoFi Technologies is experiencing a 6.1% surge after reporting a massive revenue beat for Q3 and raising its full-year outlook. Invitation Homes has seen a 2% increase after receiving an upgrade to outperform from Oppenheimer, highlighting stabilization in rent growth and occupancy. L3Harris Technologies shares are up 1.5% following an upgrade to outperform from Raymond James, which cited improving fundamentals and a mean reversion in the stock. NewAmsterdam Pharma has surged over 6% after RBC Capital Markets initiated coverage with an outperform rating, stating that Wall Street may be too quick to dismiss the company. DraftKings has seen a slight uptick of about 2% after TD Cowen reiterated an outperform rating, predicting that the company will need to prove market share resilience in 2024.

Read the full story here

*Why did we choose this article for headlines4happiness, what makes this news a good news?*

This article generates good thoughts and has a positive tone because:1. It highlights several companies that are experiencing positive movements in pre-market trading.
2. East West Bancorp’s upgrade to buy from UBS shows confidence in the company’s strong Q3 results and potential balance sheet strengthening.
3. McDonald’s shares have popped due to a beat on Q3 earnings and revenue, indicating their success.
4. SoFi Technologies’ surge is driven by reporting a massive revenue beat for Q3 and raising their full-year outlook.
5. Invitation Homes’ increase showcases stability in rent growth and occupancy, as highlighted by an upgrade from Oppenheimer.
6. L3Harris Technologies’ upgrade from Raymond James reflects improving fundamentals and a mean reversion, indicating positive prospects.
7. NewAmsterdam Pharma’s surge is a result of a positive outperform rating from RBC Capital Markets, which challenges Wall Street’s dismissal of the company.
8. DraftKings has a slight uptick and an outperform rating from TD Cowen, suggesting market share resilience in the future.

Overall, this article focuses on positive developments, including upgrades, beats on earnings, revenue, and outlook, reflecting the strength and potential of these companies.