© Reuters.
By Peter Nurse
Investing.com — Stocks in the focus of premarket trading on Thursday, March 23. Please refresh for updates.
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Bank of the First Republic (NYSE:) shares rose 11%, PacWest Bancorp (NASDAQ:) shares rose 6.5% and western alliance (NYSE:) shares rose 6.7%, recouping some losses from a sharp decline in the previous session after Treasury Secretary Janet Yellen said she is not considering plans to guarantee all bank deposits.
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general mills (NYSE:) shares rose 1.7% after the food processing giant raised its annual sales forecast, benefiting from price increases and resilient demand for its snack bars, breakfast cereals and produce. of pet food.
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Ford (NYSE:) Shares rose 0.6% after the auto giant predicted its electric vehicle business unit would lose $3 billion this year, but said it remained on track for a pretax margin of 8 % by the end of 2026.
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coin base (NASDAQ:) shares fell 12.4% after the SEC threatened to sue the crypto exchange over some of its products.
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KB Home (NYSE:) shares rose 2.9% after the homebuilder reported, but also warned that net orders in the first two and a half weeks of the current second quarter were down 24% from a year ago.
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Accent (NYSE:) shares rose 4.9% after the IT services company announced plans to cut some 19,000 jobs to cut costs, but also cut its annual revenue and profit projections amid worsening conditions. world economic outlook.
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steel box (NYSE:) shares rose 9.8% after the office furniture company issued healthy guidance for the current quarter.
- Tough (NYSE:) shares fell 6% after Deutsche Bank downgraded the pet food retailer to ‘hold’ from ‘buy’, citing disappointing current trading and a worrisome outlook for 2023.