Stocks to Watch Today: Southwest, Tesla, Las Vegas Sands and more

Southwest Airlines reported a $220 million loss for the fourth quarter, after the holiday meltdown cost the company millions in expenses. This drove up the company's expenses and caused the stock to drop by 2.1%.
‍

Comcast reported fourth-quarter earnings that beat expectations, with earnings per share coming in at 82 cents, adjusted, versus the 77 cents expected from analysts surveyed by Refinitiv. Revenue was $30.55 billion compared to the $30.32 expected. However, shares were down less than 1% in the premarket.
‍

Tesla's stock soared 7% after the electric-vehicle maker reported record revenue and an earnings beat. CEO Elon Musk said Tesla might be able to produce 2 million cars this year. This would be a major increase from the company's current production levels.
‍

Despite posting weaker-than-expected financial results for the most recent quarter, Las Vegas Sands shares rose about 4%. Wall Street analysts cited upbeat comments about the company's reopening in Macao on the earnings call for their positive outlook on the stock.
‍

Levi Strauss shares surged 6% in premarket trading after the company posted better-than-expected quarterly results. Levi Strauss beat analysts’ revenue estimates and earnings projections by 5 cents a share.
‍

Blackstone's shares dipped less than 1% after the asset manager reported mixed earnings results. Total segment revenues fell short of expectations, while distributable earnings beat estimates by 12 cents a share.
‍

Chevron announced a $75 billion stock buyback program and a dividend hike to $1.51 per share, sending the energy giant's stock up more than 3% in premarket trading. The buyback program will become effective on April 1.
‍

Dow Chemical reported fourth-quarter earnings, revenue and adjusted EBITDA that missed analyst expectations before the bell Thursday, sending the stock down more than 3% in premarket trading.
‍

IBM's stock took a 2.7% hit after the company announced Wednesday that it would be cutting 3,900 jobs. Although IBM's quarterly results generally beat analyst expectations, the news of the job cuts spooked investors. IBM reported adjusted earnings per share of $3.60 per share on $16.69 billion in revenue, while analysts had expected $3.60 per share and $16.4 billion in revenue, according to Refinitiv.
‍

American Airlines reported better-than-expected profits for the fourth quarter, thanks to strong holiday demand and high fares. The airline's shares rose 1.5% on the news.
‍

Seagate Technology reported better-than-expected earnings and revenue for the last quarter, sending the stock up more than 8% in premarket trading. The data storage company's strong results were driven by solid demand for its products.
‍

Pfizer was downgraded by UBS on Thursday, with the bank saying that its estimates for the company's Covid franchise need to be revised downward, and its pipeline is too premature. Pfizer was up less than 1% in the premarket.