US Premarket: Cinemark, Boeing, IBM and other stocks making biggest moves

Cinemark (CNK)

Shares of the movie theater operators gained 4.6% in the premarket after Morgan Stanley upgraded it to “overweight” from “equal-weight”. Morgan Stanley said the return of consumers to theatres represents a trend not reflected in the stock’s price.

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Boeing (BA)

The stock added 1.3% in premarket trading as the company is about to sell a small number of 787 Dreamliners to aircraft leasing company AerCap Holdings.

IBM (IBM)

IBL fell 5.9% in premarket trading despite beating top and bottom line estimates for the second quarter. IBM warned of a $3.5 billion impact on earnings due to the strong US dollar.

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NCR (NCR)

NCR jumped 11.5% in premarket action after The Wall Street Journal reported that private-equity firm Veritas Capital was in exclusive discussions to acquire the financial technology provider.

Halliburton (HAL)

Shares of the oilfield services company added 1.8% in premarket trading after beating top and bottom line estimates for the second quarter. Profit rose nearly 41% from a year earlier as the hike in oil prices spurred a significant increase in drilling demand.

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Truist Financial (TFC)

Shares of the banking company added 1.9% in premarket after reporting higher-than-expected profit and revenue for its latest quarter. Truist said its results showed strong loan growth and an expansion of its net interest margins.

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Johnson & Johnson (JNJ)

The healthcare company’s stock gained 0.98% in premarket action after it reported a quarterly profit of $2.59 per share, 5 cents a share above estimates. Revenue exceeded forecasts as well. J&J lowered its full-year guidance, however, due to the strength of the US dollar rather than operational issues.

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Hasbro (HAS)

The stock slid 0.52% in the premarket after the toy maker beat estimates by 21 cents per share. Revenue was very slightly below forecasts. Hasbro said it continues to take measures to reduce costs, and to ensure that it has sufficient holiday season inventories.