Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Stocks - Adobe, iHeartMedia, Barclays Up in Premarket; Broadcom Down

Published 12/13/2019, 08:51 AM
Updated 12/13/2019, 08:55 AM
© Reuters.

Investing.com -- Stocks in focus in premarket trade on Friday, 13th December.

  • Broadcom (NASDAQ:AVGO) stock was down 1.6% after the company reported a lacklustre end to its fiscal year. Promises that the current year would be better were shrugged off.
    • Tapestry (NYSE:TPR) stock was unchanged after the luxury goods company said Kate Spade CEO Anna Bakst will leave at year-end, after less than two years on the job. Kate Spade reported a 16% drop in comparable store sales in Tapestry’s latest quarterly earnings.

  • Oracle (NYSE:ORCL) stock fell 2.3% after posting disappointing quarterly revenue. The company also said after the bell on Thursday that it won’t replace Mark Hurd as co-CEO, leaving Safra Catz in sole charge of the company.
  • Adobe (NASDAQ:ADBE) stock rose 2.5% after strong Cloud subscription revenue helped quarterly profit beat expectations. Revenue fell slightly short, however.
    • iHeartMedia stock (NASDAQ:IHRT) rose 7.8% on the back of reports that John Malone’s Liberty Media (NASDAQ:FWONA) wants to raise its stake in the company from the current 4.8%

    • Barclays ADR (NYSE:BCS) and Lloyds Banking (LON:LLOY) Group (NYSE:LYG) ADRs both surged, by 8.5% and 8.8% respectively, after the U.K. election resulted in a resounding win for Boris Johnson’s Conservative Party.

    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.