Delta, Target, First Solar rise premarket; Ford, Domino's Pizza fall
Investing.com -- U.S. futures rose Thursday, ahead of the release of the eagerly-awaited September consumer prices report.
Here are some of the biggest premarket U.S. stock movers today:
Delta Air Lines (NYSE: DAL) stock rose 3% after the carrier reported stronger-than-expected quarterly profit on strong international travel, but trimmed its full-year outlook due to higher fuel costs.
Walgreens Boots Alliance (NASDAQ: WBA) stock rose 1.4% in volatile trading despite the retail pharmacy giant offering up a disappointing 2024 earnings forecast as well as weak fourth-quarter earnings as demand for Covid vaccines and tests weakened.
Ford (NYSE: F) stock fell 2.2% after the United Auto Workers announced a surprise walkout at the auto giant’s biggest and most profitable plant in Kentucky, the largest single walkout since targeted strikes began four weeks ago.
Microsoft (NASDAQ: MSFT) stock fell 0.6% after the U.S. Internal Revenue Service notified the software giant that it is seeking an additional tax payment of $28.9 billion, plus penalties and interest for tax years from 2004 to 2013.
Domino’s Pizza (NYSE: DPZ) stock fell 2.3% after the pizza chain missed market expectations for its quarterly revenue, as higher menu prices and delivery charges discouraged inflation-weary consumers.
Birkenstock (NYSE: BIRK) shares rose 0.5%, rebounding after the German sandal maker's stock ended more than 12% below its initial public offering price on its market debut on Wednesday.
Target (NYSE: TGT) stock rose 2.9% after Bank of America upgraded its stance on the chain of discount department stores to ‘buy’ from ‘neutral’, saying the recent stock selloff creates an attractive buying opportunity.
First Solar (NASDAQ: FSLR) stock rose 3.6% after Barclays upgraded the manufacturer of solar panels to ‘overweight’ from ‘equal weight’, saying it is trading at an unjustified discount to its peers.