By Geoffrey Smith
- Stocks in focus in premarket trade on Thursday, June 4th. Please refresh for updates.
- Charles Schwab (NYSE:SCHW) stock rose 5.7% after the financial advisor and asset manager said the Department of Justice had ended its investigation of Schwab’s proposed acquisition of TD Ameritrade (NASDAQ:AMTD).
- The two companies now expect the acquisition to close in the second half of this year. TD Ameritrade stock rose 8.8% on the same news.
- American Airlines (NASDAQ:AAL) stock rose 8.0% after the U.S.’s biggest airline said it plans to fly more than 55% of its July 2019 domestic capacity. That’s up from some 25% this month.
- American also said it will boost its international flights schedule next month, to nearly 20% of its July 2019 schedule.
- American's news also pulled Delta Air Lines (NYSE:DAL) stock up 6.9% and United Airlines (NASDAQ:UAL) stock up 6.1%.
- Cloudera (NYSE:CLDR) stock fell 10.8%, reversing all of its strong gains on Wednesday, after posting a disappointing outlook for the rest of the year the closing bell on Wednesday.
- The company also said it lost 20c a share in the last three months, disappointing expectations of a breakeven.
- Snap (NYSE:SNAP) stock fell 1.2% after the parent company of social network Snapchat said it won't promote the account of President Donald Trump on its homepage, citing fears that it could incite racial violence.
- Warner Music Group (NASDAQ:WMG) was in focus after rising over 20% on its debut Wednesday. Anecdotal reports quoted the stock at around $31.48, compared to an IPO price of $25 and a closing price on Wednesday of $30.12.
