Nike, Rent-A-Center Fall Premarket; Amylyx, Micron and Meta Platforms Rise

Investing.com

Fri, Sep 30, 2022, 4:04 AM1 min read

In this article:

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, September 30th. Please refresh for updates.

Nike (NYSE:NKE) stock fell over 11% after the world’s largest sportswear maker cautioned that gross margins would remain under pressure through the year.

Meta Platforms (NASDAQ:META) stock rose 0.3% after the Facebook-owner announced it will freeze hiring and look to cut costs, addressing an increasingly pressing cost problem.

Tesla (NASDAQ:TSLA) stock rose 0.2% with the company CEO Elon Musk set to unveil a prototype humanoid robot at the company’s “AI Day”, and may also discuss the electric car maker's long-delayed self-driving technology.

Amylyx Pharmaceuticals (NASDAQ:AMLX) stock rose 8.7% after the U.S. FDA approved its drug to treat a fatal neurodegenerative condition commonly known as Lou Gehrig's disease.

Altria (NYSE:MO) stock rose 0.4% after the tobacco giant announced it has exercised the option to be released from its non-competition obligations with troubled vaping company Juul.

Micron Technology (NASDAQ:MU) stock rose 1.4% after the chipmaker forecast strong revenue growth in the second half of fiscal 2023 even after warning of tougher times ahead and said it was cutting its investments. Voya Financial (NYSE:VOYA) stock rose 1.2% after Piper Sandler upgraded its stance on the financial services company to 'overweight' from 'neutral', citing an attractive valuation. Rent-A-Center (NASDAQ:RCII) stock fell 17% after the rent-to-own company cut its current quarter earnings guidance, citing the current macro economic conditions.

Nike, Rent-A-Center Fall Premarket; Amylyx, Micron and Meta Platforms Rise

U.S. CFTC must seek admissions of wrongdoing from Wall Street, commissioner says

Here's What Wall Street Has to Say About Bed Bath & Beyond Stock After Earnings

Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: '$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?'
Finance expert Suze Orman has voiced concerns about the impact of climate change on property insurance costs, asserting it could threaten the American dream of homeownership. Orman, 72, faced a $28,000 annual insurance quote for her Florida oceanside condo, leading her to forego coverage entirely. She highlights a troubling trend where soaring insurance costs driven by frequent and severe weather events may deter Americans from buying homes. Don't Miss: For many first-time buyers, a house is abo
Benzinga•8h ago
The IRS says it’s going after wealthy tax cheats. Here’s what new audit stats show.
After Congress approved billions of extra funding for tax compliance, the Internal Revenue Service pledged it would get tougher on rich taxpayers and corporations while avoiding extra scrutiny of middle-class households.
MarketWatch•11h ago
Advanced Micro Devices (AMD) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Advanced Micro (AMD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zacks•12h ago
Analysts revise Facebook parent Meta stock price targets before earnings
Here's what could happen next to Meta Platforms' stock.
TheStreet•3h ago
JPMorgan’s ‘Bloody Friday’: Why Several Top Financial Advisors Jumped Ship the Same Day
Six teams managing nearly $15 billion in total assets quit JPMorgan Chase’s brokerage unit to join competitors last Friday. Here’s what may have triggered their departures.
Barrons.com•7h ago
Holding 6 Ethereum (ETH) Could Make You A Millionaire, According to Cathie Wood
With the recent halving and spot exchange-traded funds (ETFs) driving demand, Bitcoin has had the spotlight for much of 2024. However, according to Cathie Wood of Ark Invest, Ethereum (ETH) could catch up to Bitcoin and provide investors with huge profits in the coming years. At an investor conference held by Ark Invest, Wood spoke about Ethereum, noting that the project could reach a market capitalization of $20 trillion by 2032. ETH currently has a supply of around 120 million tokens. So, a ma
Benzinga•11h ago
Tesla Earnings Fall To Lowest Since 2021. Tesla Stock Surges Late On 'Affordable' EV.
Tesla earnings tumbled below lowered expectations. Tesla stock jumped late as the EV giant signaled an affordable EV is still it its plans. Elon Musk looms.
Investor's Business Daily•3h ago
Ex-Googler and Palestinian-American fired for opposing Project Nimbus speaks out: ‘This was not my idea of what the American workplace should be’
Several fired Google employees spoke at a press conference Monday about their experiences.
Fortune•10h ago
California McDonald's Franchise Owner Says, 'The Focus Is On Survival' With 'Unprecedented' $20 Per Hour Minimum Wage Forcing Higher Prices
In response to California's new $20 minimum wage law, fast food franchises are being forced to rethink their business strategies to stay afloat. Scott Rodrick, who owns 18 McDonald's franchises in the state, is considering measures to manage the increased labor costs without resorting to layoffs, which he sees as a last resort. Don't Miss: 82% of Americans aren’t using this government secured 5% passive income stream, are you one of them? The average American couple has saved this much money for
Benzinga•1d ago
3 Super-Safe Stocks That Could Reach 70 Consecutive Years of Dividend Raises By 2032
When it comes to reliable passive income, these three dividend-paying companies are best in breed.
Motley Fool•15h ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Nike, Rent-A-Center Fall Premarket; Amylyx, Micron and Meta Platforms Rise

Recommended Stories

Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: '$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?'

The IRS says it’s going after wealthy tax cheats. Here’s what new audit stats show.

Advanced Micro Devices (AMD) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Analysts revise Facebook parent Meta stock price targets before earnings

JPMorgan’s ‘Bloody Friday’: Why Several Top Financial Advisors Jumped Ship the Same Day

Holding 6 Ethereum (ETH) Could Make You A Millionaire, According to Cathie Wood

Tesla Earnings Fall To Lowest Since 2021. Tesla Stock Surges Late On 'Affordable' EV.

Ex-Googler and Palestinian-American fired for opposing Project Nimbus speaks out: ‘This was not my idea of what the American workplace should be’

California McDonald's Franchise Owner Says, 'The Focus Is On Survival' With 'Unprecedented' $20 Per Hour Minimum Wage Forcing Higher Prices

3 Super-Safe Stocks That Could Reach 70 Consecutive Years of Dividend Raises By 2032