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

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

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.

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