American Express, Comerica, Coinbase rise premarket; SolarEdge falls

  • Stock Market News
American Express, Comerica, Coinbase rise premarket;  SolarEdge falls
Credit: © Reuters. -- U.S. futures fell Friday, weighed by rising bond yields and concerns surrounding escalating geopolitical tensions in the Middle East.

Here are some of the biggest premarket U.S. stock movers today:

  • American Express (NYSE: AXP ) stock rose 0.4% after the credit card giant reported third-quarter profit that beat expectations, helped by resilient spending from its wealthy customers who shrugged off concerns about an economic downturn.

  • Comerica (NYSE: CMA ) stock rose 1.3% after the lender reported a drop in profit in the third quarter from last year, but still beat Wall Street estimates.

  • Regions Financial (NYSE: RF ) stock fell 5.5% after the regional lender said it expects its fourth-quarter net interest income to decline about 5% compared with the preceding three months, as banks pay more to retain deposits.

  • SolarEdge Technologies (NASDAQ: SEDG ) stock fell 28% after the renewable energy company cut its fourth-quarter revenue guidance, saying installation rates slowed recently in Europe. Rivals Enphase Energy (NASDAQ: ENPH ), SunPower (NASDAQ: SPWR ), SunRun (NASDAQ: RUN ) and First Solar (NASDAQ: FSLR ) all fell heavily as well.

  • Knight-Swift Transportation (NYSE: KNX ) stock rose over 14% after the trucking giant beat estimates in the third quarter on both the top and bottom lines.

  • Coinbase (NASDAQ: COIN ) stock rose 3.6% after the cryptocurrency exchange platform’s chief legal officer, Paul Grewal, expressed confidence that a U.S. bitcoin exchange-traded fund will be approved by the U.S. Securities and Exchange Commission.

  • Hewlett Packard Enterprise (NYSE: HPE ) stock fell 3.9% after the computing services provider delivered a disappointing outlook for cash flow and profit.

  • VinFast (NASDAQ: VFS ) stock rose 1.1% after the Vietnamese electric vehicle maker said it has entered into a share subscription of up to $1 billion with U.S.-based fund Yorkville Advisors as it seeks to fund expansion in overseas markets.

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