By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, September 29th. Please refresh for updates.
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Micron (NASDAQ:MU) stock fell 3.4% after the chipmaker issued disappointing guidance late on Tuesday, even though both its sales and earnings came in marginally above expectations.
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Lucid (NASDAQ:LCID) stock rose 6.8% following the news that the electric carmaker will start delivering luxury sedans that can beat the driving range of market leader Tesla (NASDAQ:TSLA) in late October.
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Eli Lilly (NYSE:LLY) stock rose 2.2% on the back of Citi upgrading its investment stance on the pharmaceutical company to ‘buy’ from ‘neutral’, saying the recent pullback in its stock provides a decent entry point ahead of the launch of its Alzeheimer drug.
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Boeing (NYSE:BA) stock rose 2.7% after Bernstein said the aircraft manufacturer’s shares can jump nearly 30% as global travel recovers with greater vaccination coverage. The investment firm upgraded its stance to ‘outperform’ from ‘market perform’.
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Netflix (NASDAQ:NFLX) stock rose 1.1% following the news that the streaming giant has bought videogame maker Night School Studio in an attempt to diversify its revenue sources.
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Dollar Tree (NASDAQ:DLTR) stock rose 7.1% after the discount retailer announced it has increased its share repurchase authorization by $1.05 billion to an aggregate total of $2.5 billion.
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Sherwin-Williams (NYSE:SHW) stock fell 2% on the back of the paint maker cutting its third-quarter guidance, citing raw material shortages and higher input costs.
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Affirm Holdings (NASDAQ:AFRM) stock rose 4.4% following news that the financial services company is planning to offer a debit card which will allow customers to execute cryptocurrency transactions directly from savings accounts.