Stocks making the biggest moves premarket: Costco Wholesale, Richardson Electronics, FedEx and more
Publishing timestamp: 2023-04-06 08:11:11
Summary
Several companies, including Richardson Electronics and Constellation Brands, reported better-than-expected earnings, while Costco saw a dip in sales and Levi Strauss reaffirmed its annual guidance with a cautious outlook on the macro-environment. FedEx announced a restructuring plan to cut costs and was upgraded by Raymond James. Pinterest received an outperform rating from Raymond James, citing steady user growth and long-term revenue growth. JPMorgan downgraded Comerica ahead of its first earnings announcement after the regional banking crisis.
Sentiment: MIXED
Tickers: LEVI, CMA, STZ, COST, RELL, PINS, FDX,
Keywords: markets, richardson electronics ltd, market insider, business, economy, constellation brands inc, stock markets, business news, fedex corp, breaking news: markets, levi strauss & co, costco wholesale corp, comerica inc, pinterest inc,