Boeing, Target, Global Payments and HSBC Rise Premarket

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Monday, August 1st. Please refresh for updates.

• Boeing (NYSE:BA) stock rose 4.6% following a Reuters report indicating that the U.S. Federal Aviation Administration has approved the plane maker's inspection and modification plan to resume deliveries of 787 Dreamliners.

• Target (NYSE:TGT) stock rose 2.3% after Wells Fargo upgraded its stance on the retail giant to ‘overweight’ from ‘equal weight’, saying the stock is oversold and could rise 20% from here.

• Ford (NYSE:F) stock rose 0.7% after the U.S. auto giant announced it was adding a new off-road package to its Maverick pickup in a bid to extend the sales success of its hot-selling small truck.

• Global Payments (NYSE:GPN) stock rose 5.5% after the fintech firm agreed to buy its smaller peer EVO Payments (NASDAQ:EVOP), up 20%, to expand its footprint in the business-to-business space.

• Nio (NYSE:NIO) ADRs rose 2.7% after the Chinese electric-car maker plans to open its first overseas plant in September to make power products for the European market as it accelerates expansion abroad.

• HSBC (NYSE:HSBC) ADRs rose 8.2% after the U.K.-based bank vowed to bring its dividend back to pre-pandemic levels as it reported better-than-expected second quarter earnings.

• Heineken (OTC:HEINY) ADRs fell 0.4% after the world’s second largest brewer warned of strong headwinds from inflation in the next 18 months, overshadowing a buoyant second quarter.

• Alibaba (NYSE:BABA) ADRs rose 1.1% after the Chinese e-commerce giant it would work to maintain its New York Stock Exchange listing alongside its Hong Kong listing after it was placed on a delisting watchlist by U.S authorities.