Costco, FedEx, Boeing Fall Premarket;  Raytheon, FuboTV’s rise

Costco, FedEx, Boeing Fall Premarket; Raytheon, FuboTV’s rise

Written by Peter Norse – Stocks are in focus in premarket trading on Friday, Sept 23. Please update for updates.

  • costco (NASDAQ:) (NASDAQ:) stock fell 2.5% after the major retailer reported pressures in quarterly gross margins as it battles rising shipping and labor costs, despite better-than-expected quarterly results.

  • FedEx (NYSE: NYSE: 3.1%) tumbled after fiscal first-quarter results came in weaker-than-expected, vowing to accelerate cost cuts and raise freight rates to offset the impact of slowing global growth on freight volumes.

  • apple (NASDAQ:) Stock (NASDAQ: 1.6%) is down, as other major tech stocks have struggled as interest rates rise, despite its multi-year agreement to sponsor the Super Bowl Halftime show, which begins in February.

  • Boeing NYSE stock fell: 2.1% after the aircraft manufacturer agreed to pay $200 million to settle civil charges by the US Securities and Exchange Commission that misled investors about the safety of the 737 MAX.

  • Raytheon Technologies (NYSE: NYSE) stock rose 0.1% after the Pentagon awarded the company a $985 million contract to develop prototypes for a hypersonic attack cruise missile.

  • Amazon (NASDAQ πŸ™‚ (NASDAQ) stock fell 1.7% after the Wall Street Journal reported the online retail giant’s dangerous delivery practices.

  • Newmont (NYSE: NYSE: 2.7%) tumbled after Glencore (OTC) announced that it had acquired the gold miner’s 18.75% stake in Argentina’s Mara project for approximately $125 million.

  • Domino’s Pizza (NYSE:) NYSE stock rose 0.5% after BMO upgraded its stance on the fast food retailer to “outperform” the “market outperform”, anticipating a 35% rebound in the stock.

  • FuboTV Stock (NYSE::::) rose 1.3% after Wedbush upgraded its stance on the sports-focused streaming service to “outperform” from “neutral,” seeing the stock at a convincing entry level.

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