Apple, Twitter and Twilio Rise Premarket By

© Reuters.

By Peter Nurse — Stocks in focus in premarket trade on Monday, October 12th. Please refresh for updates.

  • Regeneron (NASDAQ:) stock fell 0.2% after the company’s CEO said Sunday that its Covid-19 treatment still needs more testing before its efficacy is known, this despite President Trump calling it a ‘cure’. 

  • DraftKings (NASDAQ:) stock rose 3.2% after Credit Suisse (SIX:) started its coverage of the sports betting operator with an outperform rating, citing an acceleration in sports betting/gaming legalization in the U.S. following the pandemic.

  • Apple (NASDAQ:) stock rose 3.2% ahead of the tech giant’s launch event on Tuesday, which is expected to showcase the new 5G iPhone 12.

  • Travelers (NYSE:) stock fell 1.6% after JPMorgan (NYSE:) downgraded its rating to underweight from neutral, citing concerns over poor return on equity, lackluster business trends and potential earnings risk.

  • Twilio (NYSE:) stock rose 5.3% after reports that it intends to buy customer data startup Segment, with a price tag of $3.2 billion.

  • Twitter (NYSE:) stock rose 4.8% after Deutsche Bank (DE:) upgraded its investment recommendation to “buy”. With a $56 price target, the German bank points to a potential upside of 22%.

  • Snowflake (NYSE:) stock rose 4.4% after the software company started to receive a series of investment recommendations after its IPO, including a “buy” from Goldman Sachs (NYSE:) and an “outperform” from Oppenheimer.

  • Astrazeneca (LON:) ADR stock rose 1% after the U.S. government awarded $486 million to the pharma giant to develop and secure supplies of up to 100,000 doses of its Covid-19 antibody treatment.

  • Levi Strauss (NYSE:) stock rose 3.6% after Morgan Stanley (NYSE:) upgraded the jeans and apparel maker to “overweight” from “equal-weight”, citing the management’s quick response to a difficult retail environment as well as strong revenue growth.
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