Market Watch: Company Updates

by Warren Seah

Coinbase Global (COIN)

  • The crypto exchange’s shares leapt roughly 7% in premarket trading amid ongoing Bitcoin fervor.
  • Cryptocurrency recently traded above $59,000, a jump from around $42,500 at the start of February.

Beyond Meat (BYND)

  • Shares surged around 50% premarket after the maker of plant-based meat substitutes announced cost-cutting measures to boost results, amid sliding sales.

UnitedHealth Group (UNH)

  • Shares fell in thin premarket trading after the Justice Department launched an antitrust investigation into the owner of the biggest U.S. health insurer.

Nvidia (NVDA)

  • Shares of the tech darling fell about 2% premarket, following a small decline Tuesday.
  • Nvidia’s stock surged last week, pushing the chip maker’s market value briefly above $2 trillion.

Apple (AAPL)

  • The tech behemoth has shifted focus from building an electric vehicle to investing in generative AI.
  • Its stock edged lower ahead of the market open.

Earnings Reports Today

  • TJX (TJX), owner of T.J. Maxx, and Advance Auto Parts (AAP) are set to post results ahead of the market open.
  • Earnings due from AMC Entertainment (AMC), Salesforce (CRM), HP (HPQ), Snowflake (SNOW), and Paramount Global (PARA) this afternoon.

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