PreMarket Prep

Many of the leisure stocks have rallied along with the broad market since mid-October. The reason: many of them fall into the value/low price-to-earnings category. One issue in the sector with that characteristic is Airbnb Inc (NASDAQ: ABNB) which is deep in the red following its third-...

As the exodus out of mega-cap technology stocks continues, investors and money managers are looking for other sectors to rotate into. While value stocks have been grabbing the headlines as of late, Johnson & Johnson (NYSE: JNJ) may have jumpstarted the biotech sector with its purchase of...

One of the worst-performing sectors since 2014 has been the casino industry.  The sector — and specifically Wynn Resorts Limited (NASDAQ: WYNN) — has been searching for a catalyst and got not one but two on Monday. The price action following the news makes it the...

If you think that the S&P 500 being down nearly 20% for the year is bad, how about Comcast Corporation (NASDAQ: CMCSA)'s 33% plunge?  Looking at the stock chart from the perspective of Comcast's all-time high, made in September 2021 at $61.80, the issue is down 46% at $33...

Why? If you had tuned into the top of Wednesday’s PreMarket Prep Show, the day's market action might make more sense. What we discussed: a profound rotation is taking place in the markets. In other words, if money managers are selling out of technology stocks, they are buying other stocks...

The price action in an issue during premarket trading following an earnings announcement can often provide clues to how an issue may trade during the regular session. That was the case with Coca-Cola Co (NYSE: KO), which is Tuesday's PreMarket Prep Stock of the Day. Street Leans ...

For the second time in the last last month, Bank Of America has thrown in the towel on mega-cap technology stocks. Before the opening Monday, BofA downgraded Meta Platforms Inc (NASDAQ: META) from Buy to Neutral and lowered its price target from $195 to $150. On Sept. 29, BofA downgraded Apple Inc...

The week of Oct. 17 is one of the busiest weeks for publicly traded companies reporting quarterly earnings. Several of the largest and most well-known companies — Johnson & Johnson (NYSE: JNJ), Goldman Sachs (NYSE: GS), Lockheed Martin (NYSE: LMT), Hasbro Inc. (NASDAQ: HAS),...

The highly valued growth technology sector needed a catalyst to jumpstart it, and it got one live during Monday’s PreMarket Prep show. That catalyst came from Roblox Corp (NYSE: RBLX), which is the PreMarket Prep Stock of the Day. Roblox Holding Up Well: It is hard to say an issue is...

After the massive rally on Thursday, investors were in full “buy the dip” mode. Even if a company did not serve up the best third-quarter report, if the stock was in the red, all the better.  The aforementioned scenario applies to Citigroup Inc (NYSE: C), which...

Along with the worse-than-expected reading for the September Consumer Price Index, there are a few good third-quarter earnings reports. One came from Delta Air Lines, Inc. (NYSE: DAL), Thursday's PreMarket Prep Stock of the Day. Down Day, Then Up Day Ahead Of Report: Investors were...

In late 2020, when the world was searching for a vaccine or cure for COVID-19, the price action in Moderna Inc (NASDAQ: MRNA) was discussed frequently on Benzinga's PreMarket Prep show.  Once the vaccines were developed and the issue ended its miraculous rally, the issue was discussed...

On Monday, the CEO of one of the biggest banks in the world, Jamie Dimon of JPMorgan & Chase Co (NYSE: JPM) made a bearish statement on the markets. In this news algo-driven market, statements like these will have a negative impact on the market. This isn't the first time Dimon...

Even the richest person in the world makes a few mistakes. Similar to being in the markets, sometimes it is better to cut your losses and move on than to add on to a losing position. Unfortunately for Elon Musk and his wayward attempt to purchase Twitter Inc (NYSE: TWTR), there is no easy...

Third-quarter earnings season does not ramp up until next week, with some big banks announcing results. On Thursday, spice and grocery manufacturer McCormick & Company, Incorporated (NYSE: MKC) revealed its third-quarter report, and the price action following that announcement...