Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday

Category: Finance

VSEE and GPAK are the top pre-market stock movers today, with VSee Health's stock soaring over 159% due to plans for telepresence solutions. Other notable movers include Adagio Medical and Exicure, while Fresh Vine Wine and Conn's are experiencing significant declines.

Keywords: pre-market movers, stock market, earnings reports

Source: InvestorPlace

Update At: 8/2/2024

Related Sources

Capital One acknowledges 'outage' as users report issues accessing deposits

Capital One is facing a technical issue affecting customer account access and direct deposits, attributed to a problem with a third-party vendor, Fidelity Information Services. The outage began early Thursday, with reports of user complaints peaking around 2,000. The issue follows a recent problem at Citibank regarding mobile access and fraud alerts.

NBC News

Here's when Capital One says banking outage should be fixed

Capital One is addressing a banking outage affecting customers, which began early on January 16. The company acknowledged the issue later in the morning and expects services to gradually return to normal by the following day. The outage is linked to a technical issue with a third-party vendor, impacting various account services and payment processing. Capital One has committed to covering reasonable fees incurred due to the outage.

mySanAntonio.com

Is Capital One banking down? Customers report issues through day

Capital One experienced significant outages affecting payment processing and account balance updates due to a technical issue with a third-party vendor. The disruptions began early Thursday and were expected to be resolved by Friday morning. Customers are advised to check their accounts after service restoration.

NorthJersey.com

Capital One customers not getting payments amid outage

Capital One is experiencing a disruption in processing deposits, payments, and transfers due to a technical issue with a third-party vendor. The bank is working to resolve the issue and restore services, which have affected consumer, small business, and commercial accounts. Complaints have surged on social media, with nearly 1,700 outages reported. Capital One expects services to return to normal by Friday morning and has apologized for the inconvenience caused. Additionally, the bank is facing a lawsuit from the CFPB for allegedly misleading customers about account options that could have earned them higher interest rates.

Fox Business

Apple Shares Tumble 4% After Double Downgrades by Analysts

Apple shares fell over 4% after multiple analysts downgraded the stock due to concerns over declining iPhone sales and weak performance in hardware and services. Jefferies analyst Edison Lee lowered the price target, citing weakening demand, especially in China. Barclays also downgraded Apple, predicting poor sales for upcoming iPhone models and criticizing the lack of innovation in its product lineup. The decline in MacBook and iPad sales further indicates challenges in Apple's hardware business, raising skepticism about its growth prospects amid increasing competition and economic pressures.

Yahoo Eurosport UK

Apple stock hit with 2 downgrades on weak iPhone sales, AI outlook

Jefferies analyst Edison Lee downgraded Apple's stock rating to Underperform, lowering the price target to $200.75 due to expected weak iPhone sales and consumer disinterest in AI. Loop Capital also downgraded Apple from Buy to Hold with a target of $230. iPhone sales in China fell 15-20% year over year, contributing to a decline in market share. Jefferies forecasts a slight decline in iPhone revenue for the first quarter, while total sales growth is expected to be lower than previously estimated. Apple faces ongoing challenges in China and overall market competition.

Yahoo Finance

SEC Launches New Crypto Task Force | Insights | Holland & Knight

The SEC has initiated a new crypto task force under Acting Chair Mark T. Uyeda, led by Commissioner Hester Peirce, aiming to create a regulatory framework for the crypto industry rather than focusing on enforcement. This shift marks a significant change in the SEC's approach, moving away from the previous administration's regulation-by-enforcement strategy. The task force seeks input from various stakeholders to develop clearer regulations and guidance for crypto asset securities.

Holland & Knight

White House orders review of regulations affecting crypto sector

The 2023 decision by banking regulators to use a systemic risk exemption helped safeguard uninsured deposits after the failures of Silicon Valley Bank and Signature Bank, averting further instability in the U.S. banking system.

ABA Banking Journal

No, Trump did not become an overnight ‘crypto billionaire’ | Business

President Trump's meme coin venture, $TRUMP and $MELANIA, is seen as a cash grab rather than a significant wealth booster. Despite reports of an 800% increase in his net worth, Trump's fortune is estimated at over $6 billion, primarily from real estate and his social media business. The speculative nature of meme coins makes their valuation uncertain, and while Trump may profit from this venture, it does not qualify him as a 'crypto billionaire.'

CNNMoney

SoFi Just Had Its "Best Year Ever": Here's Why the Stock Is Plunging Anyway

SoFi's stock fell by about 10% despite reporting strong fourth-quarter earnings, including the addition of 785,000 members and a significant increase in loan originations. The decline is attributed to management's guidance for 2025, which projected higher revenue but lower-than-expected earnings per share, indicating potential margin concerns.

Motley Fool