Premarket Movers Friday – FedEx, Nike, Ford, Hartford Financial
Stock futures rose slightly on Friday as 10-year government bond yields fell from their 14-month high. The Nasdaq fell more than 3% on Thursday.
Here are some of the top movers during Friday premarket trading.
1. FedEx FDX | Plus 5.4%
FedEx stocks ((FDX) – Get the report rose after the world’s largest supply group posted stronger-than-expected third-quarter earnings and a robust year-end outlook.
FedEx beat Wall Street fiscal third quarter earnings forecasts to $ 3.47 per share as revenue rose 23% to $ 21.5 billion.
2. Nike OF | 2.5% decrease
Shares of Nike ((FROM) – Get the report declined after the sports retailer’s third-quarter sales missed Wall Street’s estimates as supply chain issues delayed shipments to customers in North America.
North America’s revenue was impacted by issues related to ports that delayed shipments for up to three weeks, according to Nike.
3. Ford F | Plus 3.8%
Ford shares ((F.) – Get the report rose after Barclays analysts raised their target price for the automaker to the highest on Wall Street, in part due to improved prospects for electric vehicle production.
In an update released on Friday, Barclays analyst Brian Johnson raised his rating for Ford from equal weight to overweight and raised his price target by $ 3 to $ 16 per share.
4. Hartford Financial HIG | Plus 0.2%
Hartford Financial shares ((HIG) – Get the report higher after jumping 19% on Thursday. The financial services firm said it had “carefully considered” a takeover proposal from rival Chubb. ((CB) – Get the report
Hartford Financial’s market cap was $ 23 billion on Thursday, with stocks doubling over the past year, according to Bloomberg.