The companies are making news before the bell rings.
According to a CNBC report, the retailer ended talks to be bought by the parent company of the vitamins store. The deteriorated retail and financial environment made it difficult to conclude a deal. The outlook for the current quarter was cut.
Despite reporting a better-than- expected quarterly profit, Micron slid 4.6% in the pre market. The chip maker's shares fell as a result of a lower-than- expected sales outlook.
J.P. Morgan Securities analyst Samik Chatterjee said he is not as worried about Apple as other analysts are. The price target is $46 higher than its Thursday close.
The China-based electric vehicle maker, Li Auto, delivered 13,024 vehicles in June, a 69% increase over the same month a year ago. Xpeng delivered 15, 295 vehicles in June, a 133% increase from a year ago. Nio delivered more than 12,000 vehicles in June. In pre market action, Li Auto, Xpeng, and Nio all gained.
The Facebook parent is bracing for a downturn. It might be one of the worst downturns we've seen in recent history according to the CEO of the company.
During the busy July 4th holiday weekend, the resort operators avoided a strike by reaching tentative contract agreements with Atlantic City casino workers.
FedEx lost 2% in the premarket after Berenberg lowered its rating on the stock to "hold" from "buy", pointing to near-term earnings risks which could halt a recent rally in the stock.
The South Korean e- commerce company's stock rose 1.7% in the premarket after Credit Suisse upgraded it to "outperform" from "neutral". The firm feels that investors don't pay enough attention to the bottom line.
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