Check out some of the most important premarket engines:
Oracle (ORCL): Oracle reported quarterly earnings of $ 1.03 per share, 6 cents per share above agreed-upon estimates. The revenue of the business software giant did not meet forecasts, however, amid competition in cloud computing. Oracle fell 2.5% in the premarket.
Angi (ANGI) – Angi rose 3.3% in premarket trading after the digital home services market reported its August metrics, which included a 21% jump in revenue a year earlier.
Herbalife Nutrition (HLF): Herbalife shares fell 9.7% in the pre-market after the nutritional products maker narrowed its outlook. Herbalife cited lower levels of activity than expected by its independent distributors, probably due to pandemic-related uncertainty.
Apple (AAPL): Apple issued a patch to its iOS system to fix a vulnerability related to the iPhone’s iMessage feature. According to the Citizen Lab research group, an Israeli company has been exploiting the vulnerability since February to infect iPhones.
Intuit (INTU): Intuit announced a deal to buy digital marketing company Mailchimp for about $ 12 billion in cash and shares. This follows the acquisition of Credit Karma by the TurboTax manufacturer last year for more than $ 7 billion. Earlier this month it was reported that Intuit and Mailchimp were in acquisition talks.
Coinbase (COIN): The shares of the cryptocurrency exchange operator rose 1.2% in premarket trading after Piper Sandler reiterated the “overweight” rating of the shares.
Cameco (CCJ) – Canada-based uranium producer continued its recent rise, up 2.1% in the market, after rising in 10 of the last 11 sessions. It is among the uranium-related stocks that have caught the attention of investors on social media.
Fox Corp. (FOXA) – Fox finalized deal to buy TMZ celebrity news platform from AT&T’s WarnerMedia unit (T). The terms were not disclosed, but The Wall Street Journal reported that TMZ was valued at less than $ 50 million after previous indications that the two sides were talking about a price between $ 100 million and $ 125 million. Fox rose 1.1% in premarket trading.
Southwest Airlines (LUV) – Southwest President Tom Nealon is retiring from the airline immediately. His departure comes three months after CEO Gary Kelly announced he would retire in January and appointed his longtime executive Bob Jordan as his successor. Nealon had been seen as a possible candidate to succeed Kelly.
SeaChange International (SEAC) – SeaChange reported a quarterly loss of 3 cents per share, less than the 9 cents loss of shares predicted by analysts. The video management solutions company saw revenue exceed street forecasts. The company said it has a “solid channel” of sales opportunities and a major boost. Shares rose 3.7% in premarket trading.
Monmouth Real Estate (MNR): Real estate investment confidence added 1% in pre-market action after saying it was exploring strategic alternatives, following investor feedback and previous expressions of interest from acquisition in the company.