Before the bell, take a look at the companies grabbing the headlines.
Boeing – Following their early Friday strike over their rejection of a new labour contract, employees at the Boeing facility saw a 4% decline in stock value. Most aircraft, including the 737 Max, will be affected by the work stoppage in production.
Oracle: The database software company’s stock increased by over 6%. Oracle increased their revenue projection for the fiscal year 2026 and provided optimistic outlook for the fiscal year 2029.
Contemporary — Following JPMorgan’s downgrade of the drugmaker to underweight, shares fell 4%. The company anticipated that adjustments to its long-term revenue projection would have an impact on stock price.
RH — Following a better-than-expected second quarter, the retailer of home furnishings saw a 21% increase in shares. On $830 million in revenue, RH reported adjusted earnings per share of $1.69.
Adobe: Following the release of the company’s lower-than-expected Q2 outlook, shares fell more than 8%. On both the top and bottom lines, Adobe exceeded fiscal third-quarter projections.
Aptiv PLC – U.S. Securities and Exchange Commission, CEO Kevin Clark bought about 30,000 shares of Aptiv earlier this week, which caused the auto components stock to rise by almost 3%.
AstraZeneca: The biopharmaceutical company’s shares increased 1.5% despite Deutsche Bank downgrading it to sell from hold due to the underwhelming performance of its datopotamab deruxtecan medication.
Source (CNBC)
