Stocks making the biggest moves premarket: J&J, Bank of America, BlackRock, Netflix & more

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    Check out the companies making headlines before the bell:

    Bank of America — The bank earned 70 cents per share for the first quarter, 4 cents a share above estimates. Revenue came in slightly below forecasts, amid what CEO Brian Moynihan called a “challenging” capital markets environment.

    BlackRock The asset management firm beat earned $6.61 per share for the first quarter, compared to a consensus estimate of $6.13 a share. Revenue was in line with Wall Street forecasts, and BlackRock also announced a 5% dividend increase.

    Netflix Netflix was upgraded to “buy” from “hold” at Deutsche Bank, based on valuation and consensus subscriber estimates that the bank considers conservative.

    AT&T — AT&T sold its ownership stake in Hulu to the video streaming service for $1.43 billion, a sale that values Hulu at $15 billion. That leaves Walt Disney and NBCUniversal and CNBC parent Comcast as Hulu’s owners, with Disney owning 60%.

    J.B. Hunt Transportation Services — J.B. Hunt reported quarterly profit of $1.09 per share, missing the $1.26 a share consensus estimate. The trucking and logistics company’s revenue was short of forecasts as well, as its volumes were hurt by severe weather conditions in the Midwest.

    Chevron — Chevron won a court victory in a case involving Ecuador’s attempt to collect a $9.5 billion judgment against the energy giant over pollution. The Supreme Court of the Netherlands ruled against Ecuador’s attempt to overturn an international tribunal ruling in Chevron’s favor.

    Goldman Sachs — Goldman will lay off 98 employees in New York, according to a filing with New York State. The filing said the workers are being dismissed for economic reasons, but did not specify where the layoffs would occur within the bank.

    Amgen — Amgen set a list price of $1,825 per month for its Evenity osteoporosis drug. The Food and Drug Administration approved the drug last week, but mandated a so-called “black box” warning about an increased risk of heart attack and stroke.

    Walmart — Walmart announced a partnership with children’s styling service Kidbox, and will offer fashion boxes for kids containing five items for $48. That represents a 50 percent discount off suggested retail prices for the items.

    DowDupont — DowDupont was downgraded to “sector perform” from “top pick” at RBC Capital Markets, which points to macroeconomic concerns for the chemical maker.

    Western Digital — Western Digital was upgraded to “buy” ‘from “hold” at Deutsche Bank, which cites favorable data points in both hard disk drives and NAND flash memory.

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