Written by Peter Norse
Investing.com – Stocks are in focus in premarket trading on Friday, Sept 23. Please update for updates.
-
costco (COST) 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 (FDX) stock fell 3.1% after the delivery giant reported weaker-than-expected fiscal first-quarter results and pledged to accelerate cost cuts and raise freight rates to offset the impact of slowing global growth on freight volumes.
-
apple (AAPL) AAPL stock is down 1.6%, struggling with other major technology stocks as interest rates rise, despite its multi-year agreement to sponsor the Super Bowl Halftime show, which begins in February.
-
Boeing (BA) stock fell 2.1% after the plane’s maker agreed to pay $200 million to settle a civil charge by the US Securities and Exchange Commission that misled investors about the safety of the 737 Max.
-
Raytheon Technologies (RTX) stock rose 0.1% after the Pentagon awarded the company a $985 million contract to develop prototypes for a hypersonic attack cruise missile.
-
Amazon (AMZN) AMZN stock fell 1.7% after the Wall Street Journal reported the online retail giant’s dangerous delivery practices.
-
Newmont (NEM) stock fell 2.7% after Glencore (GLNCY) announced that it had acquired the gold miner’s 18.75% stake in Argentina’s Mara project for approximately $125 million.
-
Domino’s Pizza (DPZ) (DPZ) 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 (FUBO) FUBO stock rose 1.3% after Wedbush solidified its stance on the sports-focused streaming service to “outperform” from “neutral,” seeing the stock at a convincing entry level.
