Boeing, Lockheed Martin, defense contractor Lockheed Martin, has sold around 5.8% after President Bloomberg News reported that he chose Boeing instead of a contract to create the next-generation fighter jet. Boeing’s stocks skyrocketed about 3.1%. Nike – Stocks fell 5.5% after athletic retailer warned that sales would decline in the current quarter. It overshadowed fiscal third quarter reports that exceeded expectations for both lines. Cleveland-Cliffs – Steel producers fell 1.2% after reports from the Star Tribune in Minnesota said Cleveland Cliffs temporarily put two factories idle, resulting in hundreds of job cuts. The decision comes as the automaker reduced orders amid uncertainty linked to President Donald Trump’s tariff policy. LENNAR – Home builder stock fell 4% after induced new orders of 22,500-23,500 in the second quarter, below the consensus estimate of 23,802 per StreetAccount. Lennar’s first quarter revenue and revenue exceeded expectations. Micron Technology – Chipmaker also fell 8% after recording revenues that exceeded expectations in the second quarter. Micron reported an adjusted $1.56 with revenue of $8.05 billion, with an analyst voted by RSEG to be $1.42 per share and revenue of $78.9 billion. FEDEX – Parcel delivery companies have seen stocks fall over 6% after cutting their annual profit and revenue forecasts. Chief Financial Officer John Dietrich cited the continued weakness and uncertainty in the US industrial economy. Loop Capital followed the news and downgraded FedEx, calling it “a truly bad recession.” Super Micro Computer – Semiconductor manufacturer’s shares rose 7.8% after JPMorgan upgraded its stock from underweight to neutral. The investment company cited the tail from the lamps shipped from Blackwell for upgrades. Alnylam Pharmaceuticals – Biopharmaceutical inventory rose approximately 11.8% after the US Food and Drug Administration approved Amvuttra, an injectable drug to treat rare and deadly heart disease. – CNBC’s Yun Li and Alex Harring contributed the report.
BA, NKE, LMT, FDX, MU, etc.
