Darden, Snowflake, Occidental Petroleum Rise Premarket; Accenture Falls By Investing.com

Darden, Snowflake, Occidental Petroleum Rise Premarket; Accenture Falls

Stock Markets Jun 23, 2022 07:54AM ET

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Darden, Snowflake, Occidental Petroleum Rise Premarket; Accenture Falls

By Peter Nurse

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

Accenture (NYSE:ACN) stock fell 3.5% after the IT services provider issued disappointing fourth-quarter guidance, expecting a hit from high inflation and the impact of a stronger dollar on its overseas earnings.
Darden Restaurants (NYSE:DRI) stock rose 5.9% after the company reported better than expected quarterly results as sales jumped, helped in part by the return of its fine-dining business.
Nike (NYSE:NKE) stock rose 1.6% after the sportswear maker said it is making a full exit from Russia, three months after suspending its operations there.
Snowflake (NYSE:SNOW) stock rose 5.8% after JPMorgan upgraded its stance on the cloud data provider to ‘overweight’ from ‘neutral’, saying the stock can rally some 30%.
KB Home (NYSE:KBH) stock rose 3.3% after the home builder reported better than expected quarterly earnings late Wednesday, expecting to achieve its revenue goals this year despite the housing market moderating.
Ferrari (NYSE:RACE) stock rose 0.7% after the luxury car maker said it had recently installed a new fuel cell plant at its headquarters in Maranello, in a further attempt to become carbon neutral by 2030.
Tesla (NASDAQ:TSLA) stock rose 1.7%, helped by the overall positive tone despite CEO Elon Musk stating that the electric car manufacturer's new factories in Texas and Berlin are "losing billions of dollars" as they struggle to increase production because of a shortage of batteries and China port issues.
Occidental Petroleum (NYSE:OXY) stock rose 3.5% after Warren Buffett's Berkshire Hathaway bought another 9.6 million shares of the oil company, increasing its stake to 16.3%.

Google to pay $90 million to settle legal fight with app developers By Reuters - Jun 30, 2022 2

WASHINGTON (Reuters) -Alphabet Inc's Google (NASDAQ:GOOGL) has agreed to pay $90 million to settle a legal fight with app developers over the money they earned creating apps for...

Exclusive-Meta slashes hiring plans, girds for 'fierce' headwinds By Reuters - Jun 30, 2022 5

By Katie Paul (Reuters) -Facebook-owner Meta Platforms Inc has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned...

Australia's Austal secures $3.3 billion contract from U.S. Coast Guard By Reuters - Jun 30, 2022 2

(Reuters) - Australia's Austal Ltd said on Friday it secured a $3.3 billion contract to design and construct 11 offshore patrol cutters (OPC) for the United States Coast Guard....

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Comments (1)

Mitchel Pioneer Jun 23, 2022 9:09AM ET

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With clockwork precision, the pre-market fraud is underway. Fraudulent, criminally manipulated JOKE.

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