50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

Costco, FedEx, Boeing Fall Premarket; Raytheon, FuboTV Rise

Published 09/23/2022, 09:03 AM
Updated 09/23/2022, 09:16 AM
© Reuters.  Costco, FedEx, Boeing Fall Premarket; Raytheon, FuboTV Rise
BA
-
FDX
-
AAPL
-
AMZN
-
COST
-
NEM
-
RTX
-
DPZ
-
GLNCY
-
FUBO
-

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, September 23rd. Please refresh for updates.

  • Costco (NASDAQ:COST) stock fell 2.5% after the big-box retailer reported a squeeze in its quarterly gross margins as it battles higher freight and labor costs, despite better-than-expected quarterly results.

  • FedEx (NYSE:FDX) stock fell 3.1% after the delivery giant reported weaker-than-expected fiscal first quarter results, pledging to speed up costs cutting and hike shipping rates to offset the impact slowing global growth on shipping volumes.

  • Apple (NASDAQ:AAPL) stock fell 1.6%, suffering with the other major tech stocks as interest rates rise, despite its multi-year deal to sponsor the Super Bowl Halftime show, starting in February.

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

  • Raytheon Technologies (NYSE: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.com (NASDAQ:AMZN) stock fell 1.7% after the Wall Street Journal reported about the online retail giant’s dangerous delivery practices.

  • Newmont (NYSE:NEM) stock fell 2.7% after Glencore (OTC:GLNCY) announced it acquire the gold mining company’s 18.75% stake in the Mara project in Argentina for approximately $125 million.

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

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.