Stocks went on a tear Tuesday and Wednesday as investors shook off their fears over Britain’s vote to exit the European Union, but Thursday brought less enthusiasm. Markets around the world held steady and futures pointed modestly down for the Dow Jones Industrial Average.
Here are five stocks to watch Thursday.
Motorola Solutions Inc.
The mobile-phone maker, which announced the release Wednesday of Moto G4 Android smartphones, rose in premarket trading after analysts at Goldman Sachs upped their price target for the stock and rated it a Buy. Motorola (MSI) was up 0.6 percent before the bell.
Shares in the restaurant app rose sharply before the market open after MKM Partners raised its recommendation of the stock to Buy. Yelp (YELP) has begun recovering after a long two-year slide in its share price, with the rollout of new products like the recently announced Yelp Knowledge platform, designed to help businesses learn more about their customers.
Though markets have begun to stabilize after the shock of the Brexit vote, some stocks are still benefiting from investors’ increased appetite for gold. Among them was Freeport-McMoRan (FCX), the gold, silver and copper miner, whose stock rose 0.8 percent premarket.
General Mills Inc.
A day after reporting an earnings beat and a bump in dividend payments, the food company continued its upward trend, with shares up 0.3 percent before the bell. The stock (GIS) has risen 14 percent from the start of the year.
Sales, however, have fallen from last year. So why the outperformance? Rising economic anxiety among investors often raises demand for safe food stocks — chief among them, General Mills.
The data storage company has fallen on lean times lately as consumer appetite has shifted from the hard disks the company builds to solid-state memory drives. On Wednesday Seagate (STX) announced a 3 percent cut in its workforce, sending stock falling 1.25 percent after hours.