Tesla, Cal-Maine, Southwest and others

Check out the companies making headlines before the bell:

Tesla (TSLA) – Tesla rallied 4.4% in pre-market after posting its first rise in eight sessions on Wednesday, mitigating the blow to its stock in what is still the worst year on record for Tesla shares times will be.

Cal Maine Foods (CALM) — Cal-Maine slipped 4.9% in premarket trading after its quarterly earnings came in below Wall Street forecasts. Cal-Maine reported record sales for the quarter as an outbreak of bird flu continued to constrain egg supplies and drove prices sharply higher. The company also said there had been no positive tests for bird flu at any of its manufacturing plants as of Wednesday.

Southwest Airlines (LUV) — Southwest remains on guard as the airline struggles to recover from problems that have caused thousands of flight cancellations over the past week. The stock is marginally higher this morning after falling 11% over the past two days.

Lockheed Martin (LMT) – Lockheed Martin’s Sikorsky unit challenged the US Army’s award of a helicopter contract Textron (TXT). Sikorsky President Paul Lemmo said the various proposals for the $1.3 billion contract had not been properly evaluated.

ImmunoGen (IMGN) – Immunogen fell 2.7% premarket after the biotech announced that Chief Financial Officer Susan Altschuller would not return from her hiatus under the Family and Medical Leave Act. Vice President and Chief Accounting Officer Renee Lentini has been appointed interim CFO.

General Electric (GE) — GE HealthCare Technologies, a spin-off of GE, will join the S&P 500 when it begins trading as a separate public company on Jan. 4. GE HealthCare will replace Vornado Realty Trust (VNO), which will move up to the S&P MidCap 400. Vornado will replace logistics companies RXO (RXO), which will move into the S&P SmallCap 600. GE HealthCare — trading on a timing of issuance basis — was up 1% premarket, while Vornado was marginally lower and RXO was up 3.3%.

Apple (AAPL) – Apple is up 1% in premarket trading after closing at a 1-1/2 year low on Wednesday. Apple is down 29% for 2022.

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