Stock futures are lower for the third consecutive day as buyers brace for the Federal Reserve financial coverage assembly this week.
Listed below are 4 tickers trending on Yahoo Finance in premarket buying and selling:
Ford Motor Firm (F): Shares of the carmaker are decrease after Ford cautioned that offer chain bottlenecks would clip its third-quarter backside line. The automaker is projecting adjusted working outcomes for the third quarter would fall between $1.4 billion and $1.7 billion. Ford mentioned it expects to have between 40,000 and 45,000 automobiles in stock on the finish of the third quarter “missing sure components presently briefly provide.” Ford’s inventory has fallen over 31% this 12 months.
Nikola Company (NKLA): Shares of Nikola are greater in premarket buying and selling after the truck maker’s prime govt, Mark Russell, testified that he discovered the corporate’s debut electrical truck had neither a gas-powered turbine nor a gasoline cell after becoming a member of the corporate. He mentioned Nikola founder Trevor Milton had “extraordinary management” on the firm. Milton has pleaded not responsible to securities and wire fraud expenses two years after resigning from the corporate. Nikola didn’t admit to any wrongdoing final 12 months when it paid $125 million to settle Securities and Change Fee claims.
Nikola inventory has fallen 53% this 12 months.
Moderna, Inc. (MRNA): Shares of Moderna are decrease in premarket buying and selling following President Joe Biden remarks that the pandemic is “over.” In an interview with “60 Minutes” that aired on Sunday, Biden alluded that the worst of the pandemic was behind the nation. “We nonetheless have an issue with COVID,” he mentioned. “We’re nonetheless doing a lotta work on it, however the pandemic is over.” Moderna inventory has fallen 49% this 12 months.
Past Meat, Inc. (BYND): Shares of Past Meat are trending after studies that the chief working officer was arrested on Saturday on allegations he bit a person’s nostril throughout a confrontation. Doug Ramsey was arrested on expenses of terroristic threatening and third-degree battery, court docket information show. In line with the court docket information, Ramsey was launched on Sunday on an $11,085 bond. A spokesperson didn’t reply when requested if Ramsey continues to be with the corporate.
The arrest is the most recent blow to the corporate, which minimize its income outlook steering for the 12 months and plans to slash 4% of its labor drive.
Dani Romero is a reporter for Yahoo Finance. Comply with her on Twitter @daniromerotv