US Premarket Movers: FedEx, Planet Labs, Super Micro, York Space

2 hours ago 2

Article content

(Bloomberg) — S&P 500 Index futures are down 0.5% as of 7:50 a.m. in New York. Iran pressed ahead with attacks on Gulf Arab states even after Israel signaled it would stop targeting the Islamic Republic’s energy infrastructure.

Financial Post

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
  • Daily content from Financial Times, the world's leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
  • Daily content from Financial Times, the world's leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

REGISTER / SIGN IN TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account.
  • Share your thoughts and join the conversation in the comments.
  • Enjoy additional articles per month.
  • Get email updates from your favourite authors.

THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account
  • Share your thoughts and join the conversation in the comments
  • Enjoy additional articles per month
  • Get email updates from your favourite authors

Sign In or Create an Account

or

Article content

  • Nasdaq 100 futures decline 0.7%
  • Dow Jones Industrial Average futures are down 0.3%
  • The MSCI World Index is up 0.1%

Article content

Article content

Here are some of the biggest US movers before the bell:

Article content

  • Magnificent Seven stocks:
    • Alphabet (GOOGL) -0.7%, Amazon (AMZN) -0.6%, Tesla (TSLA) -0.4%, Nvidia (NVDA) -0.5%, Meta Platforms (META) -0.4%, Microsoft (MSFT) -0.5%, Apple (AAPL) -0.4%
  • FedEx (FDX) climbs 7% after raising its full-year profit forecast, signaling that the courier’s plan to restructure its delivery network is gaining traction despite geopolitical conflict and economic volatility.
  • Figs Inc. (FIGS) rises 6% after Oppenheimer upgraded the seller of medical scrubs to outperform, saying a sustained recovery is underway.
  • Firefly Aerospace (FLY) gains 7% after the spacecraft maker reported revenue for the fourth quarter that beat the average analyst estimate
  • Planet Labs (PL) gains 14% after the satellite imaging firm reported revenue for the fourth quarter that beat the average analyst estimate.
  • Rhythm Pharmaceuticals (RYTM) rises 6% after the drugmaker said it received expanded indication approval from the FDA for its drug Imcivree (setmelanotide) to treat patients four years and older with acquired hypothalamic obesity.
  • Super Micro Computer Inc. (SMCI) tumbles 26% after the US charged a co-founder with illegally diverting billions of dollars in Nvidia Corp.-powered servers to China.
  • York Space Systems (YSS) rises 9% after the space and defense company gave revenue guidance in its first report as a public company that JPMorgan called “solid.” The firm also saw revenue grow and its losses narrow in the fourth quarter.

Article content

Article content

Advertisement 1

Read Entire Article