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 aircrafts, 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 U.S. Securities and Exchange Commission revealed. AstraZeneca — The U.S. 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
https://www.cnbc.com/2024/09/13/stocks-making-the-biggest-moves-premarket-ba-orcl-mrna-and-more.html
