Investing.com — Stocks in focus in premarket trade on Wednesday, 2nd October.
- TD Ameritrade (NASDAQ:) fell another 3.8%, adding to Tuesday’s 26% slide as it said it would follow Charles Schwab (NYSE:) in ending trading commission for U.S. stocks, options and ETFs. CNBC cited Barclays (LON:) analysts as slashing 30% off their forecasts for Ameritrade’s 2020 earnings per share.
- Stars Group (TSX:) rose 35% after it agreed to an all-share merger with U.K.-based Flutter Entertainment that will give the combined group a strong position as they seek to crack open a slowly-liberalizing U.S. market for gambling.
- Johnson & Johnson (NYSE:) was up 1.0% after it agreed to settle two lawsuits in Ohio for $20 million, a move that will allow it to avoid a federal trial in which it could have faced greater liabilities for its role in the opioid crisis.
- Exxon Mobil (NYSE:) was down 1.0% after it warned that operating profit fell for the fourth straight quarter in the three months to September. All of its major divisions suffered as crude prices fell in response to the global economic slowdown.
- Lennar (NYSE:) rose 2.9% after beating forecasts for both earnings and revenue in the three months to August, as falling mortgage rates helped affordability metrics.
- Nike (NYSE:) fell 0.5%, still under pressure from reports suggesting that CEO Mark Parker was briefed on doping procedures by disgraced athletics coach Alberto Salazar
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