Pedestrian walks by Bed Bath & Beyond in San Francisco; Verizon, Bed Bath & Beyond, Lyft, Johnson & Johnson, Blackstone, Lululemon, Lockheed Martin, AMD stocks move.
The stock market is a constantly fluctuating entity, with companies making headlines before the bell each day. On this particular day, Verizon shares slipped 1.51% after the company posted mixed results for the 2022 fourth quarter. Bed Bath & Beyond gained 5.78% despite warnings of a potential bankruptcy, while Lyft rose 3.4% after an upgrade from KeyBanc.
Johnson & Johnson ticked higher by less than 1% premarket after the company reported mixed quarterly financial results. Blackstone rose 1.3% after JPMorgan upgraded the investment management firm to overweight from neutral.
Lululemon fell 2.07% after Bernstein downgraded the stock, warning of a potential reset for the apparel stock. Lockheed Martin shares gained 1.52% after the company posted latest quarterly results, and AMD fell more than 2% in premarket after Bernstein downgraded the chipmaker to market perform from outperform.
Overall, the stock market is a constantly changing entity and it is important to stay up to date with the latest news and developments. Companies can be volatile and unpredictable, and it is important to do research and stay informed before investing. By understanding the risks and rewards of investing, investors can make informed decisions and maximize their returns.