Bell: Check out the companies that make headlines before FedEx. The stocks won 5.5% against the background of its revenue report, which exceeded its first quarter forecast. FedEx scored an adjusted $3.83 per share with $222.4 billion in revenue, but analysts voted on LSEG’s forecast, with revenues of $3.59 per share and revenues of $216.6 billion. Intel – Tech stocks have been pulled back slightly after a huge hit day when stocks skyrocketed 22%. The rally came after Nvidia said it would invest $5 billion in Intel as part of a joint development with a troubled chip maker and a deal with PC chips. However, Citi said it has downgraded its shares and sold from neutral Friday, saying it is successful in a cutting-edge foundry business that it considers the stock to be minimally likely to succeed. LENNAR – Stocks fell 3% after home builders’ third quarter revenues fell weaker than expected, reaching $88.1 billion against the $900 million predicted by analysts surveyed by LSEG. However, revenues exceeded the estimate, coming in at $2.29 per share compared to the consensus estimate of $2.10 per share. Apple – JPMorgan hiked Apple’s price target from $255 to $280, bringing a slightly pre-market stock of the iPhone manufacturer. The Wall Street company said demand for Apple’s new slates for new iPhones is strong based on early sales across Asia. STELLANTIS – Jeep parents earned almost 2% after Belenberg upgraded their inventory and purchased from holds. “Stellantis’ revenue recovery could take time and we fully acknowledge that H2 could be affected by more strategic one-off obstacles or obstacles. However, the story has clearly improved,” the company said. Klaviyo – After Morgan Stanley upgraded the email platform company from equal weight to overweight, the stock has risen by more than 5%, and Klaviyo says it is expanding market opportunities to support durable growth. Bill Holdings – Truist upgraded its financial management platform to buy from Hold, sending stocks up to 2% higher. The company believes Bill Holdings’ revenue growth will exceed expectations and is bullish in its recent stock accumulation by activist shareholders. – Reported by CNBC’s Alex Hurling, Sean Conlon, Michelle Fox, Fred Invert and Sarah Min.
The largest pre-market movement stocks: FDX, INTC, LEN, AAPL
