Check out the companies making headlines before the bell: Target – Retailers fell almost 2% after Bank of America downgraded Target to reduce performance from neutral and trimmed stock price targets. The long-term outlook for the target has deteriorated as the company continues to lag even further behind its colleagues, the bank said. Ulta Beauty and Target has agreed to end the partnership. UnitedHealth – Health insurance companies have collected 11% of localities. The advance comes after Warren Buffett’s Berkshire Hathaway revealed five million shares worth around $1.6 billion. “Big Short” investors Michael Barry and Appaloosa Management’s David Tepper also revealed a significant shares in the company. If UNH profits last until the end of the session, it marks the best day of stocks in five years. Applied Materials – Semiconductor equipment manufacturers plummeted about 14% after our current quarterly outlook dragged estimates from analysts voted by LSEG. Applied Materials’ third quarter revenue and revenue surpassed Wall Street expectations. Intel – Intel climbed over 3% in early trading on Friday, increasing its profit of 7% on Thursday. The chipmaker jumped up and down after Bloomberg reported that the Trump administration was in discussions to buy Intel shares. Sandisk – Data storage providers lost nearly 11% after Sandisk said their non-GAAP gross profit margin in the four quarters fell to 26.4% from 36.4% a year ago. Libian – Shares of the electric car maker fell 1%. Libian said the rollback of fuel economy standards under the Trump administration is increasing revenues of $100 million related to regulatory credit agreements, the Wall Street Journal reported. HIMS & HERS – Following a Bloomberg report, stocks fell 2.7%, citing familiar sources, saying the Federal Trade Commission is investigating the company’s business practices. FTC reportedly is considering whether HIMS & HERS is too difficult for customers to cancel their subscription. – CNBC’s Yun Li and Sarah Min contributed the report.
In-stock businesses making the biggest move: INTC, TGT, UNH
