Check out the companies making headlines before the bell. Nike — The stock slumped 6.2% after the iconic sneaker brand reported slowing growth in China in its fiscal 2024 third quarter, despite posting better-than-expected quarterly earnings and revenue, boosted by North American sales and price changes. Lululemon — Shares tumbled nearly 13% after the athletic apparel retailer posted holiday earnings on Thursday that beat expectations, but issued lower-than-expected guidance as the athleisure wear maker struggles with slower demand in North America. Reddit — The social media stock slipped more than 4%, giving back a fraction of the gains from the prior day’s IPO. Reddit soared more than 48% on Thursday after pricing its IPO at $34 per share. Best Buy — The electronics retailer added 2% after JPMorgan upgraded its investment opinion to overweight from neutral. The bank sees an improved outlook for Best Buy, in part due to computing trends kicking in for back to school. JPMorgan also hiked its price target by $12 to $101, suggesting 26% upside. FedEx — Shares jumped 12% premarket after the shipping company reported quarterly earnings of $3.86 per share on revenue of $21.7 billion. Analysts were expecting $3.45 per share on revenue of $22.04 billion, according to LSEG. Dutch Bros. — Shares lost 6% after an 8 million-share offering by selling shareholde …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. Nike — The stock slumped 6.2% after the iconic sneaker brand reported slowing growth in China in its fiscal 2024 third quarter, despite posting better-than-expected quarterly earnings and revenue, boosted by North American sales and price changes. Lululemon — Shares tumbled nearly 13% after the athletic apparel retailer posted holiday earnings on Thursday that beat expectations, but issued lower-than-expected guidance as the athleisure wear maker struggles with slower demand in North America. Reddit — The social media stock slipped more than 4%, giving back a fraction of the gains from the prior day’s IPO. Reddit soared more than 48% on Thursday after pricing its IPO at $34 per share. Best Buy — The electronics retailer added 2% after JPMorgan upgraded its investment opinion to overweight from neutral. The bank sees an improved outlook for Best Buy, in part due to computing trends kicking in for back to school. JPMorgan also hiked its price target by $12 to $101, suggesting 26% upside. FedEx — Shares jumped 12% premarket after the shipping company reported quarterly earnings of $3.86 per share on revenue of $21.7 billion. Analysts were expecting $3.45 per share on revenue of $22.04 billion, according to LSEG. Dutch Bros. — Shares lost 6% after an 8 million-share offering by selling shareholde …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
