Breaking News
Investing Pro 0
Cyber Monday Extended SALE: Up to 60% OFF InvestingPro+ CLAIM OFFER

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

Stock Markets Sep 23, 2022 08:02AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
BA
+2.03%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
FDX
+2.47%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
AAPL
+4.86%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
AMZN
+4.46%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
COST
+1.95%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
NEM
+3.74%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

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 (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.

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

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Imran Shafi Dar
Imran Shafi Dar Sep 23, 2022 9:12AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I think the US market has gone towards recession.
toni alfaro
toni alfaro Sep 23, 2022 9:12AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
two consecutive quarters of negative GDP growth is recession. if it does it will be temporary as the end of summer brings new GDP growth
toni alfaro
toni alfaro Sep 23, 2022 9:12AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
two consecutive quarters of negative GDP growth is recession. if it does it will be temporary as the end of summer brings new GDP growth
toni alfaro
toni alfaro Sep 23, 2022 9:12AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
two consecutive quarters of negative GDP growth is recession. if it does it will be temporary as the end of summer brings new GDP growth
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email