Check out the companies that make headlines in pre-market transactions. PVH Corp – Fashion Stock rose approximately 16% against a backdrop of stronger revenue than expected in the fourth quarter. The parents of Calvin Klein and Tommy Hilfiger won $3.27 per share, with the exception of items, with revenue of $2.37 billion, defeating the consensus forecast of analysts voted by LSEG at $3.21 per share, at $2.333 billion. Johnson & Johnson – The shares have pulled back 4% after a US bankruptcy judge rejected a $10 billion settlement proposal from a healthcare product manufacturer in connection with thousands of lawsuits alleging that its baby powder and other talc products caused ovarian cancer. The judge said the Johnson & Johnson plan didn’t get enough support from women allegedly suffering from cancer from the product. Airlines – After Jeffries downgraded, stocks from several airlines slipped. Both Americans and Delta fell nearly 2% after moving to ratings, while Southwest lost more than 3% due to poor performance. XPENG – The US registered stock of a Chinese electric car company has raised 3%. Xpeng delivered 33,205 vehicles in March, showing an increase of over 260% from the same month a year ago. Newsmax – Conservative cable news network stocks have skyrocketed over 22% before the market, increasing profits from previous sessions when Newsmax surged more than 700% in its public debut on the New York Stock Exchange. The shares, which opened at $14 per share and sold at a price of $10 per share, closed at $83.51 on Monday. Shake Shack – Burger chain shares rose 3% after Loop Capital Market upgraded the stock and bought from the purchase. The investment company said Shake Shack has a strong track record of breaking sales expectations, and that recent stock withdrawals have created opportunities for purchase. First Watch Restaurant Group – More than 3% shares were sophisticated after receiving an upgrade to buy from Hold at TD Cowen. The company said it expects sales in the same store to improve as a result of “more effective” marketing in 2025. – Reported by CNBC’s Sean Conlon, Sarah Minh and Jesse Pound
