TASK - Hot Stocks: PG JNJ dip on earnings; WMT analyst comment; TASK stock offering; HRMY added to index

With earnings season starting to heat up, quarterly reports provided a major catalyst in Tuesday's pre-market action. Procter & Gamble (NYSE:PG) and Johnson & Johnson (NYSE:JNJ) both edged lower following the release of their financial figures. In other news, TaskUs (NASDAQ:TASK) also posted a pre-market decline, falling on news of a stock offering. Looking at some of the pre-market winners, Walmart (NYSE:WMT) received buying interest on a positive comment from Goldman Sachs. Meanwhile, Harmony Biosciences (NASDAQ:HRMY) posted a double-digit percentage gain on news that it will join the S&P SmallCap index. Decliners Procter & Gamble (PG) reported a quarterly profit that topped expectations as price increases allowed it to counteract higher business costs. Revenue rose about 5% to $20.3B. Looking ahead, PG predicted a headwind totaling about $2.3B in 2022 from the combined impact of higher commodity and freight costs. On the news, shares dipped nearly 2% before the opening bell.

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Hot Stocks: PG, JNJ dip on earnings; WMT analyst comment; TASK stock offering; HRMY added to index