Among the Premarket stories for Tuesday, May 6, from AP Financial News:
NEW YORK (AP) -- JPMorgan downgraded Valero Energy Corp. Tuesday and said that while the refiner is best positioned among its peers to survive currently high crude-oil prices, it may not outperform integrated oil companies.
NEW YORK (AP) -- Shares of D.R. Horton Inc. dropped in premarket trading after the homebuilder posted a steep loss and write-down that an analyst said brings the company closer to peers' performance.
NEW YORK (AP) -- A Cowen analyst said Tuesday that he expects Sprint Nextel Corp. to strike a major deal soon, and upgraded the cell phone service provider's shares to "Outperform" from "Market Perform."
NEW YORK (AP) -- An analyst downgraded shares of ProLogis in a note to investors Monday, saying their price has climbed steadily the past two months, no longer warranting the higher rating.
WASHINGTON (AP) -- Record diesel fuel prices already have prompted truckers to protest on Capitol Hill and to ask the government for help.
WASHINGTON (AP) -- Wall Street on Tuesday will find out if thrifty shoppers continued to clamp down on their spending.
