Virgin Galactic founder Sir Richard Branson demonstrates a space garment system, designed for Virgin Galactic astronauts, at an event on October 16, 2019 in Yonkers, New York.
Don Emmert | AFP | Getty Images
Take a look at some of the greatest movers in the pre-market.
Virgin Galactic – Shares of the space company jumped 9% in pre-market trading after CEO Richard Branson conducted a long-awaited test flight in space on Sunday. It was the first space flight to date for Virgin Galactic carrying more than one passenger. Branson also became the first of the founders of the billionaire space company to pilot his own spacecraft, beating Elon Musk and Jeff Bezos.
Cheesecake Factory – Restaurant stock rose more than 1% in pre-market trading after Raymond James improved stocks to outperform the market. The Wall Street firm said the market was underestimating the return of full-service restaurants. Cheesecake Factory shares have fallen about 8% over the past month.
Nordstrom – The department store’s shares fell slightly after the company said on Sunday it had acquired a minority stake in four clothing brands owned by online British fashion house Asos. The brands – Topshop, Topman, Miss Selfridge and sportswear brand HIIT – target young consumers in their twenties. Financial terms of the deal were not disclosed.
JPMorgan, Bank of America – Major bank stocks traded lower in all areas despite expectations of strong results this week. JPMorgan fell 0.7%, while Goldman Sachs fell 0.5% and Bank of America shares traded down 0.8%. The drop came as bond yields continued to fall. JPMorgan and Goldman Sachs kick off the earnings season with results expected before the bell Tuesday. Bank of America, Citigroup and Wells Fargo report Wednesday.
United Airlines, Carnival – Stocks related to the economic reopening were slightly weaker Monday before market. United Airline has fallen more than 1% after losing 2.3% on the month to date. Boeing and Delta Air Line traded down around 1%. Carnival, Norwegian Cruise Line and Royal Caribbean all fell more than 1%.