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Adobe reported second-quarter financial earnings that beat analysts’ estimates and raised its fiscal year outlook.
Dreaming of time
Stock futures point to a slightly lower start to Friday for Wall Street as
And
both posted six straight days of gains with investors cheering for the continued strength of the US economy.
These stocks are ready to move on Friday:
adobe
(ADBE) posted second quarter financial income Beating estimates by analysts and content development and marketing software tool providers lifted its fiscal year outlook. CEO Shantanu Narayen said
adobe
Its “disruptive innovation” places it “leading the new era of creative AI”. Shares were up 3.7% in premarket trading.
Cava
(CAVA) jumped 3.1% in premarket trading to $45.15 after shares of the Mediterranean fast-food chain almost doubled in value on Thursday, which closed with a 99% gain on its trading debut on the New York Stock Exchange. Cava’s initial public offering was priced at $22 per share.
Virgin galaxy
(SPCE) saw a 39% increase in premarket deals after the space travel pioneer said First commercial flight into space scheduled for the end of the month.
Microsoft
(MSFT) closed at an all-time high on Thursday of $348.10, up 3.2%. It ended higher for six straight sessions. The software giant’s use of artificial intelligence has been giving a boost to their entire pre-existing market for cloud solutions. In premarket trading, shares were up 0.5%.
Micro technology
(MU) rose 2% after it said it would commit to investing an additional US$602 million in a chip packaging facility in the Chinese city of Xi’an. “This investment demonstrates Micron’s unwavering commitment to its China business and team,” the company said through a statement.
WeChat
social networking site.
smart
(INTC) said it plans to invest up to $4.6 billion to build a semiconductor assembly and testing facility in Poland, with the plant helping to “meet the demand for assembly capacity.” and testing is expected in the coming years”. Intel jumped 0.8% in premarket deals.
Shares of
Delta Airlines
(DAL) closed higher for 15 consecutive days and is up 0.3% in premarket trading. The airline said on Thursday that it is resuming quarterly dividend payments after a pause in March 2020.
Walt Disney
(DIS) Chief Financial Officer Christine McCarthy The entertainment giant said it would resign and take a family leave of absence. Kevin Lansberry, executive vice president and chief financial officer of Disney Parks, Experiences and Products, will serve as interim chief financial officer, effective July 1. Shares fell 0.7%.
Write to Joe Woelfel at [email protected]
