“Rig day rates are going up. This is going to be a home run,” Lebenthal added.

Benzinga's analyst ratings data shows a consensus Neutral rating on Transocean.

Joseph Terranova of Virtus Investment Partners said Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) had a “strong earnings report.” The stock has the potential to trade above $400, Terranova added.

Check out other stocks making moves in the premarket.

Jenny Harrington of Gilman Hill Asset Management said Procter & Gamble Co. (NYSE:PG) was “one of the best companies that reported in staples.” The company’s organic growth of 7% helped “beat earnings, revenues, and margins,” while pushing the guidance higher, she added.

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