Check out the companies that make headlines before the alarm goes off:
Nike (NKE) – Nike fell 10% in the money market after it reported a 44% increase in inventory in the latest quarter and said it will offer more discounts during the holiday season. The sportswear and footwear maker reported better-than-expected profits and revenue for its latest quarter.
Micron Technology (MU) – Micron jumped 1.5% in money markets after beating estimates with its latest quarterly earnings, even as sales fell below forecasts. The chipmaker also gave a weaker-than-expected revenue outlook and said sales are being hit by weak demand for consumer electronics.
Amylyx Pharmaceuticals (AMLX) – Amylyx gained 9.3% in the pre-consumer market after the FDA approved their new ALS drug. The treatment slows disease progression, prolongs survival, and is the first ALS drug approved by the FDA in five years.
Rent-A-Center (RCII) – Rent-A-Center fell 18.1% in the money market after the rental-to-own company cut its current quarter earnings guidance. The company said current economic conditions have affected retail traffic and customer payment patterns.
Green apron (APRN) – Shares of the catering company initially fell after it was reported that Chief Financial Officer Randy Greben would step down on October 17 to take up a position at another company. However, it later erased those losses and rallied 2.7%.
Generac (GNRC) – Generac added 1.6% in pre-market trading after Cowen started covering the electrical equipment maker with better ratings. Cowen said the housing market downturn and economic uncertainty have been priced into the stock.
Voya Financial (VOYA) – The financial services company’s stock has been upgraded to overbought from neutral at Piper Sandler, citing a number of factors including its attractive valuation and beneficial product portfolio. from inflation. Voya added 1.2% in pre-sale action.
