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{"id":37136,"date":"2023-06-13T11:57:00","date_gmt":"2023-06-13T11:57:00","guid":{"rendered":"https:\/\/financeworld24.com\/stocks-making-the-biggest-moves-premarket-oracle-urban-outfitters-apple-more\/"},"modified":"2023-06-13T11:57:00","modified_gmt":"2023-06-13T11:57:00","slug":"stocks-making-the-biggest-moves-premarket-oracle-urban-outfitters-apple-more","status":"publish","type":"post","link":"https:\/\/financeworld24.com\/stocks-making-the-biggest-moves-premarket-oracle-urban-outfitters-apple-more\/","title":{"rendered":"Stocks making the biggest moves premarket: Oracle, Urban Outfitters, Apple & more"},"content":{"rendered":"
\n
\n
\n
\n
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A sign is posted in front of Oracle headquarters on December 09, 2021 in Redwood Shores, California.<\/p>\n

Justin Sullivan | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n

Check out the companies making headlines before the bell:<\/em><\/p>\n

Oracle<\/a><\/span><\/span><\/span> \u2014\u00a0Shares jumped more than 5% after Oracle announced a beat on top and bottom lines<\/a> for the fiscal fourth quarter. Meanwhile, CEO Safra Catz said she expects adjusted earnings in the fiscal first-quarter of $1.12 to $1.16 per share. Analysts polled by Refinitiv had expected $1.14 in adjusted earnings.<\/p>\n

Urban Outfitters<\/a><\/span><\/span><\/span> \u2014 Shares rose 3.4% following an upgrade to overweight from equal weight by Morgan Stanley<\/a>. The firm said the retailer has a de-risked 2023 forecast and low valuation.<\/p>\n

Apple<\/a><\/span><\/span><\/span> \u2014 Apple declined 0.7% in the premarket after UBS downgraded the stock to neutral<\/a> from buy late Monday. The Wall Street firm said it sees continued pressure for iPhone demand even with support from emerging markets.<\/p>\n

First Horizon<\/a><\/span><\/span><\/span> \u2014 Shares fell 1.2% after JPMorgan moved to a neutral rating on First Horizon<\/a>. It previously had an overweight rating. The firm said the near-term outlook looks uncertain amid rising expenses.<\/p>\n

Zions Bancorp<\/a><\/span><\/span><\/span> \u2014 Shares dipped 1.6% after the regional bank said its net interest income outlook was “decreasing.” The bank’s previous guidance described the outlook as “moderately decreasing,” according to StreetAccount. The update came in a presentation published Monday afternoon.<\/p>\n

Bunge<\/a><\/span><\/span><\/span> \u2014 The agriculture company said<\/a> it would combine with Rotterdam, Netherlands-based Viterra in a stock and cash deal. The agreement values Bunge at more than $8 billion. As part of the deal, $9.8 billion of Viterra’s debt. Bunge shares fell 1.9% in premarket trading.<\/p>\n

Home Depot<\/a><\/span><\/span><\/span> \u2014 The retailer added 0.7% in premarket trading. The company reiterated earnings decline projections for fiscal year 2024 of 7% to 13% year over year. Home Depot is also slated to hold an investor day at 9 a.m.<\/p>\n

Ulta Beauty<\/a><\/span><\/span><\/span> \u2014 The beauty stock rose 0.8% after Loop Capital upgraded Ulta Beauty to buy from hold. The firm said Ulta’s expansion into the luxury category “represents a multi-year comparable sales growth driver,” and its partnership with Target will “drive incremental income.”<\/p>\n

\u2014 CNBC’s Brian Evans, Alex Harring, Hakyung Kim and Jesse Pound contributed reporting<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n

Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":"

A sign is posted in front of Oracle headquarters on December 09, 2021 in Redwood Shores, California. Justin Sullivan | Getty Images Check out the companies making headlines before the bell: Oracle \u2014\u00a0Shares jumped more than 5% after Oracle announced a beat on top and bottom lines for the fiscal fourth quarter. 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