{"id":5601,"date":"2023-05-08T04:58:25","date_gmt":"2023-05-08T08:58:25","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/occidental-berkshire-hathaway-pacwest-amc-paypal-and-more-stock-movers\/"},"modified":"2023-05-08T04:58:26","modified_gmt":"2023-05-08T08:58:26","slug":"occidental-berkshire-hathaway-pacwest-amc-paypal-and-more-stock-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=5601","title":{"rendered":"Occidental, Berkshire Hathaway, PacWest, AMC, PayPal, and More Stock Movers"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000637839\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Stock futures traded mostly higher Monday\u00a0following a surge on Wall Street following strong U.S. payrolls data. Traders this week will be looking ahead to crucial inflation data from the world\u2019s largest economy. <\/p>\n<p>These stocks were poised to make moves Monday:\u00a0<\/p>\n<div class=\"paywall\">\n<p>\n        Occidental Petroleum<br \/>\n       (OXY) was down 1% in premarket trading after<br \/>\n        Berkshire Hathaway<br \/>\n      \u00a0(BRK.B)\u00a0CEO Warren Buffett tamped down speculation that his conglomerate, which\u00a0owns roughly 24%\u00a0of\u00a0<br \/>\n        Occidental Petroleum<br \/>\n       (OXY), wants to buy the entire company.<\/p>\n<p>\n        Berkshire Hathaway<br \/>\n       was rising 1.2%. The company reported that operating profit after taxes rose 12.6% to $8.1 billion in the first quarter on higher investment income and increased insurance profit.<\/p>\n<p>\n        PacWest Bancorp<br \/>\n       (PACW) was rising 13.7% in premarket trading after the regional lender said it was reducing its dividend. The bank, which saw its shares surge 82% on Friday, also said in a statement that its \u201cbusiness remains fundamentally sound.\u201d<\/p>\n<p>\n        AMC Entertainment<br \/>\n       (AMC) was down 3.2% in premarket trading after the movie theater chain said it reached an agreement to settle a putative stockholder class action over converting AMC Preferred Equity Units (APE) into common shares, and a proposed 10-to-1 reverse stock.<\/p>\n<p>\n        BioNTech<br \/>\n       (BNTX),<br \/>\n        Dish Network<br \/>\n       (DISH), and<br \/>\n        Tyson Foods<br \/>\n       (TSN) will be reporting earnings before Wall Street opens Monday, while<br \/>\n        PayPal<br \/>\n      (PYPL),<br \/>\n        Skyworks Solutions<br \/>\n       (SWKS),<br \/>\n        Palantir Technologies<br \/>\n       (PLTR),<br \/>\n        Western Digital<br \/>\n       (WDC), and<br \/>\n        Lucid<br \/>\n       (LCID) are scheduled for after the closing bell.<\/p>\n<p>Write to Joe Woelfel at joseph.woelfel@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/stock-market-movers-6ab4afd1?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock futures traded mostly higher Monday\u00a0following a surge on Wall Street following strong U.S. payrolls data. Traders this week will be looking ahead to crucial inflation data from the world\u2019s largest economy. These stocks were poised to make moves Monday:\u00a0 Occidental Petroleum (OXY) was down 1% in premarket trading after Berkshire Hathaway \u00a0(BRK.B)\u00a0CEO Warren Buffett [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-5601","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Occidental, Berkshire Hathaway, PacWest, AMC, PayPal, and More Stock Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stock futures traded mostly higher Monday\u00a0following a surge on Wall Street following strong U.S. payrolls data. 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