Top premarket stock movers: AAPL, ORCL, BOOT, AVO
Avocado producer Mission Produce saw a 21.6% surge in premarket trading after reporting a 24% jump in revenue for the fiscal third quarter. Rival Calavo Growers also experienced a 6.5% increase after beating analyst estimates. Oracle’s cloud infrastructure platform rallied 8% after exceeding expectations in its fiscal first quarter. Boot Barn’s shares rose 6% following positive performance updates. However, Apple’s shares slipped nearly 1% due to a ruling from the European Union requiring them to pay $13 billion in back taxes. Hewlett Packard Enterprise saw a more than 5% drop in shares on plans to sell convertible preferred stock. Despite topping Wall Street’s estimates, Rubrik’s stock dropped nearly 7%. Oil and gas services provider Patterson-UTI Energy climbed more than 7% after a successful August. Alibaba’s U.S.-traded shares rose more than 2% after being added to stock connect programs. Johnson Controls International saw a nearly 2% increase after a stock upgrade. Anheuser-Busch InBev SA added 1.7% after being named a top pick among global brewers. Lastly, Equity Residential rose 1.3% following an upgrade to overweight status.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.