Check out the companies making headlines before the bell. Boeing — The stock sank 4% after Boeing factory workers went on strike early Friday after rejecting a new labor contract. The work stoppage will impact production of most aircraft, including the 737 Max. Oracle — Shares of the database software company rallied more than 6%. Oracle lifted its fiscal 2026 revenue forecast and shared strong guidance for the 2029 fiscal year. Moderna — Shares dropped 4% after JPMorgan downgraded the drugmaker to underweight. The firm expected changes to the company’s long-term revenue forecast to weigh on the stock. RH — Shares of the home furnishings retailer surged 21% after a stronger-than-expected second quarter. RH reported $1.69 in adjusted earnings per share on $830 million of revenue. Analysts surveyed by LSEG were looking for $1.56 per share on $825 million of revenue. The company’s CEO said in a letter that demand “accelerated” into the third quarter and the company expects that to continue into 2025. Adobe — Shares sank more than 8% after the company issued softer-than-expected guidance for the current quarter. Adobe topped fiscal third-quarter estimates on the top and bottom lines. Aptiv PLC — The auto parts stock advanced nearly 3% after CEO Kevin Clark purchased nearly 30,000 shares of Aptiv earlier this week, a filing with the US Securities and Exchange Commission revealed. AstraZeneca — The US listed shares gained 1.5% even after Deutsche Bank downgraded the biopharmaceutical company to sell from hold, citing the disappointing performance of AstraZeneca’s datopotamab deruxtecan drug. — CNBC’s Michelle Fox, Lisa Han, Sarah Min and Jesse Pound contributed reporting
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Kanishk Singh has always had a keen interest in fast-paced cars. For the past three years, he has been writing about automobiles, but his fascination with cars dates back even further. He thoroughly enjoys learning about their features and expressing his thoughts through his writing. Kanishk also has a profound interest in the stock market, shares, and business strategies. He possesses a wealth of knowledge on these subjects and consistently writes articles on them. Currently, he is working as a writer for Lattestnews24, specifically focusing on the Automobile, Finance, and Business categories. His well-crafted words are highly appreciated by the readers, as they find them both informative and creative.
