Traffic jam:   0

Top Stock Market Movers: Ford, Fisker, Thor, Costco, DraftKings, Coty, and More

26 September 2023
2 min.
Top Stock Market Movers: Ford, Fisker, Thor, Costco, DraftKings, Coty, and More

Wall Street Whispers

Stock futures declined on Tuesday, and Treasury yields moved higher as belief grows on Wall Street that the Federal Reserve will likely keep interest rates higher for an extended period.


Ford announced a pause on its $3.5 billion electric-vehicle battery plant. The company stated that it has not made a final decision regarding the planned investment, citing various considerations, including competitive operation.

Ford originally announced plans for this plant in February, with an opening date set for 2026. As a result of this news, Ford shares fell by 0.5% in premarket trading.

Notably, Ford, along with General Motors (GM) and Stellantis (STLA), is currently facing a strike by the United Auto Workers.


Fisker, the electric-vehicle maker, reported a 6% increase in premarket trading. The company shared that it has successfully built 5,000 Fisker Ocean SUVs and anticipates ramping up deliveries to 300 per day later this year.

Thor Industries

Thor Industries, a recreational-vehicle maker, expects fiscal 2024 earnings to be in the range of $6.25 to $7.25 per share, with sales projected to reach $10.5 billion to $11 billion.

Analysts had previously forecasted earnings at $7.12 per share on sales of approximately $10.9 billion. Thor Industries noted that "current mixed macroeconomic data and cautious dealer sentiment" continue to pose challenges in the retail environment. Consequently, the stock was down by 4.6%.

Costco Wholesale

Costco Wholesale is set to report its fiscal fourth-quarter earnings after the closing bell today. Analysts' expectations include adjusted earnings of $4.79 per share on sales of $77.7 billion.

Costco shares experienced a dip in premarket trading.


DraftKings received an upgrade from Neutral to Overweight by J.P. Morgan. Additionally, the firm raised its price target for shares of the sports-betting company to $37 from $26. Consequently, the stock rose by 3.6% to $28.35.


Coty, a cosmetics company, launched a global offering of 33 million shares. This offering is being made in both the U.S. and Paris.

Notably, Coty had previously announced in May that it was considering a second stock listing in Paris to bolster its European presence. In response to this news, Coty shares declined by 4.1% in premarket trading.

Source foto:


Rating companies
14 Mention
14 Mention
Walt Disney Company
12 Mention
11 Mention
JP Morgan Chase
10 Mention
10 Mention
Ford Motor Company
10 Mention


News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Died this year
Born this year