Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Nike, Virgin Galactic Rise Premarket; FedEx Falls

Published 06/25/2021, 08:06 AM
Updated 06/25/2021, 08:07 AM
© Reuters.

© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Friday, June 25th. Please refresh for updates.

  • Nike (NYSE:NKE) stock rose 12% after the sportswear retailer predicted fiscal 2022 revenue would top $50 billion for the first time, as its digital sales boomed along with its membership model.

  • FedEx (NYSE:FDX) stock fell 4% after the delivery firm said that widespread labor shortages would hit its 2022 earnings.

  • Virgin Galactic (NYSE:SPCE) stock rose 20% after the company said the Federal Aviation Administration had granted it the license it needs to fly passengers on future space flights.

  • Tesla (NASDAQ:TSLA) stock rose 1% after Japanese electronics giant Panasonic (OTC:PCRFY) completed the sale of its entire stake in the electric vehicle maker, reducing the pressure on its stock.

  • Bank of America (NYSE:BAC) stock rose 0.9%, Wells Fargo (NYSE:WFC) stock rose 1.6%, JPMorgan Chase (NYSE:JPM) stock rose 0.7% and Goldman Sachs (NYSE:GS) stock rose 0.3% after the banks all passed the Federal Reserve’s stress tests, allowing them to hand money back to shareholders in the form of dividends and share buybacks.

  • CarMax (NYSE:KMX) stock rose 5.2% after the used-car retailer reported a 138% rise in first-quarter revenue, as more people opted for personal vehicles over public transport during the pandemic.

  • Mirati Ther (NASDAQ:MRTX) stock rose 1.6% after the company secured FDA’s breakthrough label for a potential drug treating a cancer of the lungs.

  • Netflix (NASDAQ:NFLX) stock rose 1.5% after Credit Suisse (SIX:CSGN) upgraded its investment recommendation on the streaming giant to ‘outperform’ from ‘neutral’, citing a strong competitive position and high user satisfaction.

 

Latest comments

Another fraudulent Friday on tap, as record levels of criminal manipulation continue.  Welcome to the US Ponzi Scheme, greatest financial fraud in history, and biggest investment joke in the world, as it once again prepares to send America into another weekend with a financial knife in their back.
buy Bitcoin
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.