Black Friday shoppers wait to enter the Nike store at the Opry Mills Mall in Nashville, Tennessee, on November 25, 2022.
Seth Herald | AFP | Getty Images
Discover the top companies dominating premarket trading.
Nike — The sneaker giant surged nearly 10% in premarket trading after releasing mixed earnings. Nike reported earnings of 94 cents per share and generated $12.94 billion in revenue, surpassing the forecasted 75 cents and $12.98 million, respectively, by LSEG analysts. The company also confirmed its mid-single digit full-year revenue growth projection.
Uranium Energy — The uranium mining company climbed 2% as it announced its fiscal full-year revenue of $164.4 million, a significant increase from the $23.2 million reported last year. Uranium Energy experienced a loss of 1 cent per share on a GAAP basis compared to a profit of 2 cents per share in the previous year.
Blue Apron — Shares of the meal kit provider surged over 100% in premarket trading after announcing its acquisition by Wonder Group at $13 per share. Blue Apron’s stock closed at $5.49 per share on Thursday, with a market capitalization below $50 million.
Anheuser-Busch InBev — The beer manufacturer’s shares rose 3.9% in premarket trading after Bank of America upgraded the company from neutral to buy, citing an approaching margins inflection point.
Brinker International — The parent company of Chili’s saw a 4% increase after Stifel upgraded the stock from hold to buy. Stifel noted that Brinker International’s strategic plan appears similar to successful turnarounds seen in Olive Garden, Popeyes, and KFC.
Editas Medicine — The genome editing company surged 9% in premarket trading following an upgrade from hold to buy by Stifel. The firm believes that investors may have a more negative perception of the total addressable market than warranted.
Ball — Shares of the aluminum-can manufacturer increased 1.7% in premarket trading after being upgraded by Jeffries from hold to buy. The Wall Street firm stated that fundamentals have reached their lowest point, free cash flow is rising, and the business exhibits resilience during a recession.
Bumble — The dating application’s stock climbed 4.1% after Loop Capital Markets upgraded it from hold to buy. The firm stated that the stock carries less risk, and Bumble’s strong cash balance and free cash flow generation will safeguard its balance sheet.
Texas Roadhouse — The restaurant chain advanced 1.6% after Northcoast Research upgraded its rating to buy. Northcoast highlighted Texas Roadhouse’s better-than-expected traffic and strong fundamentals that outperform its current valuation.
— Reporting contributed by CNBC’s Brian Evans, Pia Singh, Jesse Pound, and Michelle Fox
Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
