Before the bell rings, take a look at the businesses that are making news.
Following a Citi upgrade to buy from neutral, Cisco Systems’ shares, which deals with networking technology, increased by around 2%. Artificial intelligence may eventually play a larger role in the company.
Novocure — After the U.S. Food and Drug Administration authorised Novocure’s wearable Optune Lua treatment for metastatic non-small cell lung cancer, the company’s shares shot up by 22%.
Following the release of the bank’s quarterly results ahead of schedule, which exceeded Wall Street’s projections due in part to higher-than-expected income from its wealth management, trading, and investment banking activities, Morgan Stanley’s shares increased by more than 3%.
United Airlines – After exceeding third-quarter sales and earnings forecasts, the airline’s stock increased by almost 1%. In addition, United declared its first share buyback since the epidemic, worth $1.5 billion.
ASML— After the Dutch semiconductor equipment company unintentionally posted its third-quarter earnings one day early, its shares fell 4% before the bell, compounding Tuesday’s losses. Disappointingly, ASML lowered their 2025 sales projection, indicating difficulties in sectors outside of AI application support.
Hunt Transport Services, J.B. Shares surged over 7% as the company’s third-quarter earnings exceeded forecasts. Based on $3.07 billion in revenue, J.B. Hunt reported $1.49 earnings per share.
Source (CNBC)
