Before the bell rings, take a look at the businesses that are making news.
Applied Materials: After the maker of semiconductor equipment provided poor revenue guidance for the upcoming quarter, shares fell more than 8%.
Alibaba — Although its sales fell short of estimates, the Chinese e-commerce behemoth’s shares surged more than 3% after it exceeded earnings projections in its fiscal second quarter. The firm is still struggling with declining consumer spending in China.
Moderna — Following the announcement that Robert F. Kennedy Jr., a well-known vaccine sceptic, was named President-elect Donald Trump’s choice for secretary of the Department of Health and Human Services, the biotech company’s stock dropped 1.8%, perpetuating its Thursday slide.
Pizza Domino’s, Pool Corporation — After Berkshire Hathaway, owned by Warren Buffett, disclosed a new ownership stake in Domino’s in a regulatory filing, the pizza chain’s shares surged by roughly 6%.
Ulta Beauty: After Berkshire Hathaway disclosed in a regulatory filing that it had sold about 97% of its shares in the beauty store, the company’s stock fell 5%. Berkshire had recently purchased Ulta shares in the second quarter, making it a fresh investment.
Palantir — After announcing that it was switching from the New York Stock Exchange to the Nasdaq Global Select Market, the defence technology company’s stock increased by more than 2%. The company stated that after the changeover, it anticipates being qualified to join the Nasdaq-100 Index.
Source (CNBC)
