Shell, Dick’s Sporting Items Rise Premarket; Apple Edges Decrease

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By Peter Nurse

Investing.com – Stocks in focus in premarket trading on Tuesday, March 8th. Please refresh for updates.

sleeve (NYSE:SHEL) rose 0.8% after the oil major apologized for buying a heavily discounted shipment of Russian oil last week and announced it was withdrawing from exposure to the country.

Modern (NASDAQ:MRNA) fell 1.8% after the drugmaker signaled it could start enforcing patents for its COVID-19 vaccine in wealthier countries.

Apple (NASDAQ:AAPL) fell 0.5% as the tech giant hosted its spring product launch event with a budget-friendly 5G iPhone and a new iPad, beating expectations.

Dick’s sporting goods (NYSE:DKS) rose 6.5% after the sporting goods retailer beat expectations with its important holiday quarter, issued an upbeat guidance for 2022 and approved an 11% increase in its quarterly dividend.

Tesla (NASDAQ:TSLA) fell 0.7% after the electric vehicle maker sold 56,515 Chinese-made vehicles in February, just slightly down from the 59,845 it sold in January despite supply-side difficulties.

Caterpillar (NYSE:CAT) rose 1.8% after Jefferies upgraded his stance on the heavy equipment maker to a “buy” from “hold” and said the stock could be used as a hedge against commodity inflation.

alphabet (NASDAQ:GOOGL) fell 0.6% after the Google unit announced it would buy cybersecurity firm Mandiant for $5.4 billion in cash to boost the tech giant’s cloud computing business.

Dell Technologies (NYSE:DELL) rose 2.7% after Evercore ISI upgraded its stance on the computer maker to outperform from in line, expecting a solid year and potential upside of 20%.

Estee Lauder (NYSE:EL) rose 0.04% after the makeup company announced it had decided to halt all commercial activities in Russia, including closing all of its stores in the country.

money tree (NASDAQ:DLTR) shares rose 1.5% after the discounter announced that Paul Hilal, founder of activist investment firm Mantle Ridge, has joined its board.

The story goes on

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