Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks.
The data on the trending tickers is compiled from a list of most-discussed tickers on the popular Reddit forum WallStreetBets.
General Electric (NYSE:GE) shares are trading 3.98% lower in Tuesday’s pre-market session after the company beat estimated earnings by 26.32%, coming in at 24 cents per share versus an estimate of 19 cents, while revenue fell $78 million from the same period last year. The company noted its extra challenges stem from the Russia-Ukraine war.
United Parcel Service Inc (NYSE:UPS) shares are trading 1.88% higher after the company reported better-than-expected financial results. UPS shows first-quarter revenue increased 6.4% year-over-year to $24.4 billion, which beat the $23.79 billion estimate. The company reported quarterly earnings of $3.05 per share, which beat the estimate of $2.88 per share
3M Co (NYSE:MMM) shares are trading 1.58% lower after the company missed estimated earnings by 2.16%, reporting EPS of $2.26 versus an estimate of $2.31, while revenue fell $22 million from the same period last year.
Raytheon Technologies Corp (NYSE:RTX) shares are trading 1.41% lower after the company beat estimated earnings by 13.86%, reporting an EPS of $1.15 versus an estimate of $1.01, while revenues were boosted by $465 million over the same period last year.
Aemetis Inc (NASDAQ:AMTX) entered a deal with JetBlue Airways valued at $350 million to provide the airline with 125 million gallons of sustainable aviation fuel. To that end, shares are trading 4.92% higher in Tuesday’s pre-market session.
Warner Bros. Discovery (NASDAQ:WBD) reported quarterly earnings of 69 cents per share, representing a 228.57% increase over earnings of 21 cents per share from the same period last year. Warner Bros reported $3.16 billion in sales this quarter, representing a 13.14% increase over sales of $2.79 billion in the same period last year. Shares are trading 3.71% lower.
Twitter Inc (NYSE:TWTR) accepted Elon Musk’s bid to purchase the company at $54.20 per share in a deal valued at $44 billion.
Digital World Acquisition Corp (NASDAQ:DWAC) Former President Donald Trump told Fox News he will not be returning to Twitter after Musk’s purchase to focus on his social media platform Truth Social. Shares are trading 2.72% higher in Tuesday’s pre-market session.
