Dunkin Brands, Estee Lauder Rise Premarket; Marathon Petroleum Falls By Investing.com


© Reuters.

By Peter Nurse 

Investing.com — Stocks in focus in premarket trade on Monday, November 2nd. Please refresh for updates.

  • Dunkin Brands (NASDAQ:) stock rose 6.2% after the fast food chain said it was being bought by Inspire Brands for $8.8 billion, in one of the largest restaurant deals in years.

  • CBL & Associates Properties (NYSE:) stock slumped 22% after the mall operator filed for Chapter 11 bankruptcy protection on Sunday, as the COVID-19 crisis caused prolonged closures. 

  • Marathon Petroleum (NYSE:) stock fell 0.7% after the company posted disappointing revenue figures amid significantly lower demand due to the pandemic’s economic impact. 

  • Ryanair (NASDAQ:) ADR rose 5.6% despite the airline posting its first summer-season loss in thirty years, with travel restrictions cutting passenger numbers by 80% in the six months to the end of September. However, the $230 million loss was less than forecast.

  • Clorox (NYSE:) stock rose 2.3% after the household products maker reported better than expected quarterly earnings, as the company continued to benefit from purchases by homebound consumers amid the pandemic.

  • Estee Lauder (NYSE:) stock rose 5.6% after the personal care company reported better than expected first quarter earnings, aided by strong skin care sales.

  • Nielsen (NYSE:) stock rose 6.1% after the market research company reported better-than-expected profit and revenue for its latest quarter, and announced it was selling its consumer goods data unit for $2.7 billion.

  • Loews (NYSE:) stock rose 0.6% after the luxury hospitality company posted a rise in profit in the third quarter, helped by a stronger result for its insurance business.

  • AMC Networks (NASDAQ:) stock rose 3.5% after the cable network operator reported quarterly earnings and revenue above estimates. It expects to have 5 million to 5.5 million paid streaming video subscribers by the end of the year.
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