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Oracle, AutoZone and Alaska Air fall; Eli Lilly rises

investing.com 10/12/2024 - 13:28 PM

US Stock Futures Steady Ahead of Key Inflation Release

US stock futures steadied Tuesday following the previous session’s losses, with trading ranges limited as investors await the week’s key inflation report.

Biggest Premarket US Stock Movers Today:

  • Oracle (NYSE:ORCL): Stock fell 6.5% after quarterly earnings missed street estimates amid increased competition in the cloud sector.

  • AutoZone (NYSE:AZO): Stock declined 1.3% after reporting first-quarter earnings that fell short of market expectations.

  • MongoDB (NASDAQ:MDB): Stock dropped 9% despite raising its forecast for annual results, following the announcement of CFO and COO Michael Gordon's resignation at fiscal year-end.

  • C3.ai (NYSE:AI): Stock fell 6.3% after quarterly earnings exceeded estimates, driven by strong AI demand, but the timeline for achieving sustainable free cash flow was pushed back by 12 months.

  • Eli Lilly (NYSE:LLY): Stock rose 1.4% after announcing a new $15 billion share buyback and an increase in dividends.

  • Alaska Air (NYSE:ALK): Stock jumped 11% on raising its fourth-quarter profit guidance due to strong travel demand and improved pricing.

  • Micron Technology (NASDAQ:MU): Stock increased 2.2% as the US Department of Commerce finalized over $6.1 billion in subsidies to support domestic semiconductor facility construction.

  • Pinterest (NYSE:PINS): Stock slipped 1.7% after Piper Sandler downgraded its rating from "overweight" to "neutral" due to a competitive advertising market.

  • eBay (NASDAQ:EBAY): Stock fell 2.6% after Jefferies downgraded it to "underperform" from "hold," expressing concerns about profitability in the core marketplace and reliance on specific revenue segments.




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