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Thursday, January 04, 2024 8:20:05 AM
Walgreens, Ford, Micron rise premarket; Apple, Cal-Maine Foods fall
By: Investing | January 4, 2024
U.S. futures traded higher Thursday, with investors digesting the minutes from the December Federal Reserve meeting ahead of more labor market economic data.
Here are some of the biggest premarket U.S. stock movers today:
Walgreens Boots Alliance (NASDAQ:WBA) stock rose 3.3% after the drug store chain reported better-than-expected profit for the first quarter on strength in its pharmacy operations and cut its quarterly dividend in an attempt to save cash.
Ford (NYSE:F) stock rose 0.4% after the auto giant announced plans to increase the prices of some of its electric F-150 Lightning pickup trucks, suggesting demand is strong for the product.
Apple (NASDAQ:AAPL) stock fell 0.7% after brokerage Piper Sandler downgraded its stance on the tech giant to ‘neutral’ from ‘overweight’, saying new checks showed a soft broader handset environment in the first half of 2024.
Micron (NASDAQ:MU) stock rose 0.9% after Piper Sandler upgraded the chipmaker to ‘overweight’ from ‘neutral’, saying recent supply cuts should accelerate upward pricing in both flash memory and chip markets.
Cal-Maine Foods (NASDAQ:CALM) stock fell 4.3% after a drastic fall in egg prices hit the company’s second-quarter results.
APA (NASDAQ:APA) stock fell 3.6% after the independent energy company agreed to acquire Callon Petroleum (NYSE:CPE), up 7.2%, in an all-stock deal valued at about $4.5 billion.
Mattel (NASDAQ:MAT) stock fell 0.3% after brokerage Roth MKM downgraded the Barbie doll maker to ‘neutral’ from ‘buy’, citing a cautious outlook for 2024.
Mobileye Global (NASDAQ:MBLY) stock fell over 25% after the autonomous driving tech company slashed its revenue forecast for 2024, expecting customers to pull back on orders.
Read Full Story »»»
DiscoverGold
By: Investing | January 4, 2024
U.S. futures traded higher Thursday, with investors digesting the minutes from the December Federal Reserve meeting ahead of more labor market economic data.
Here are some of the biggest premarket U.S. stock movers today:
Walgreens Boots Alliance (NASDAQ:WBA) stock rose 3.3% after the drug store chain reported better-than-expected profit for the first quarter on strength in its pharmacy operations and cut its quarterly dividend in an attempt to save cash.
Ford (NYSE:F) stock rose 0.4% after the auto giant announced plans to increase the prices of some of its electric F-150 Lightning pickup trucks, suggesting demand is strong for the product.
Apple (NASDAQ:AAPL) stock fell 0.7% after brokerage Piper Sandler downgraded its stance on the tech giant to ‘neutral’ from ‘overweight’, saying new checks showed a soft broader handset environment in the first half of 2024.
Micron (NASDAQ:MU) stock rose 0.9% after Piper Sandler upgraded the chipmaker to ‘overweight’ from ‘neutral’, saying recent supply cuts should accelerate upward pricing in both flash memory and chip markets.
Cal-Maine Foods (NASDAQ:CALM) stock fell 4.3% after a drastic fall in egg prices hit the company’s second-quarter results.
APA (NASDAQ:APA) stock fell 3.6% after the independent energy company agreed to acquire Callon Petroleum (NYSE:CPE), up 7.2%, in an all-stock deal valued at about $4.5 billion.
Mattel (NASDAQ:MAT) stock fell 0.3% after brokerage Roth MKM downgraded the Barbie doll maker to ‘neutral’ from ‘buy’, citing a cautious outlook for 2024.
Mobileye Global (NASDAQ:MBLY) stock fell over 25% after the autonomous driving tech company slashed its revenue forecast for 2024, expecting customers to pull back on orders.
Read Full Story »»»
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