Stocks making the biggest premarket moves: General Motors, GE Aerospace, Novartis, JetBlue and more

General Motors

— The automobile heavy-hitter experienced a 4% surge in its stock following a Q1 earnings report of $2.62 per share from a huge revenue of $43.01 billion, exceeding analysts’ forecasts of $2.15 per share from revenues of $41.92 billion. The company has also upgraded its free cash flow forecast ranging between $8.5 billion and $10.5 billion.

GE Aerospace

— The firm’s shares propelled over 4% after a Q1 earnings report of 82 cents per share from revenues of $16.1 billion, surpassing analysts’ forecasts of 65 cents per share from revenues of $15.14 billion.

United Parcel Service

— UPS saw a slight 0.8% drop in its stock despite their Q1 earnings surpassing estimates, but revenues fell short due to decreased demand for small-package delivery.

Pepsico

— Despite a robust Q1 performance, shares for the snack and beverage giant experienced a slight dip. Their full-year guidance for 2024 remains unchanged.

Novartis

— The Swiss pharmaceutical titan saw a 5% leap in its U.S-listed shares after outpacing Q1 expectations and raising full-year guidance.

JetBlue Airways

— The remarkable airline experienced a 10.5% plunge in its shares after predicting a higher-than-expected drop in current-quarter revenue.

Cleveland-Cliffs

— The reputed steel producer saw a 2% decline in its stock a day following its Q1 results, which were below analysts’ forecasts.

SAP

— The German enterprise software behemoth saw nearly a 4% increase in its U.S-listed shares a day following its Q1 revenue report, which surpassed expectations.

Nucor

— The steelmaker’s shares experienced a 7% dip following disappointing Q1 earnings and a prediction of lower Q2 earnings.

Danaher

— Shares of the life sciences firm spiked more than 8% after its Q1 results exceeded analysts’ expectations.

Lockheed Martin

— The defense industry giant saw a 1.5% uptick in its stock following a robust Q1 report, surpassing financial analysts’ expectations.

Spotify

— The popular music streaming company’s shares soared 8.4% following its Q1 revenue report, which surpassed financial estimates.

Sherwin-Williams

— The reputed paint company saw its stock plunge 3.5% following unimpressive Q1 earnings, which fell short of financial forecasts.

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Stocks making the biggest premarket moves: General Motors, GE Aerospace, Novartis, JetBlue and more

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