Advertisement
Canada markets closed

  • S&P/TSX

    22,308.93
    -66.90 (-0.30%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CAD/USD

    0.7315
    +0.0004 (+0.06%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • Bitcoin CAD

    83,470.22
    +328.45 (+0.40%)
     

  • CMC Crypto 200

    1,263.06
    -94.95 (-6.99%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • RUSSELL 2000

    2,059.78
    -13.85 (-0.67%)
     

  • 10-Yr Bond

    4.5040
    +0.0550 (+1.24%)
     

  • NASDAQ

    16,340.87
    -5.40 (-0.03%)
     

  • VOLATILITY

    12.55
    -0.14 (-1.10%)
     

  • FTSE

    8,433.76
    +52.41 (+0.63%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • CAD/EUR

    0.6789
    +0.0011 (+0.16%)
     

Early movers: JNJ, JOY, BOX, ORCL, BABA, VIAB, MCD, GIS, AAPL & more

Peter Schacknow
Updated
Getty Images. These are the stocks posting the largest moves before the bell.

Check out which companies are making headlines before the bell:

Johnson & Johnson (NYSE: JNJ) — J&J is buying privately held hair care products maker Vogue International for $3.3 billion in cash. J&J said the acquisition will strengthen its position in hair care and personal care products, and it expects the deal to close during the third quarter.

Joy Global (NYSE: JOY) — The mining equipment maker reported adjusted quarterly profit of 9 cents per share, compared to estimates of a breakeven quarter. Revenue came in below forecasts. The company said it performed better than expected in a challenging commodity market, and analysts are noting a double-digit increase in bookings last quarter.

Box (NYSE: BOX) — The cloud storage company reported an adjusted loss of 18 cents per share for its latest quarter. That was 6 cents a share smaller than analysts had anticipated. Revenue was also slightly above estimates. However, the company's billings fell short of expectations, pressuring the shares.

ADVERTISEMENT

Oracle (NYSE: ORCL) — The business software company is the target of a lawsuit by a former senior finance manager, who said she faced retaliation for questioning cloud business accounting practices which she felt were unlawful.

Alibaba (NYSE: BABA) — Some of the Alibaba shares sold by Japan's Softbank were bought by Singapore state funds Temasek and GIC. The two funds each bought $500 million in shares at $74 per share, part of Softbank's overall $8.9 billion sale. Separately, Softbank said it would not use any of the proceeds from its sale to buy assets being put up for sale by Yahoo (NASDAQ: YHOO). (Disclosure: CNBC has a content-sharing partnership with Yahoo's finance site.)

Viacom (NASDAQ: VIAB) — The media company's independent directors got a show of support from Keryn Redstone, granddaughter of controlling shareholder Sumner Redstone . That puts her at direct odds with Sumner Redstone's daughter Shari.

McDonald's (NYSE: MCD) — The restaurant operator is near a deal to move its headquarters from Oak Brook, Illinois, to the former Harpo Studios campus in Chicago, according to Crain's Chicago Business.

General Mills (NYSE: GIS) — The Centers for Disease Control and Prevention said flour produced at a General Mills plant in Kansas City was likely the source of an E. coli outbreak that made 38 people sick and led to a recall. The company is continuing to investigate, but said it had not found E. coli in any of its flour products nor in the manufacturing facility.

Apple (NASDAQ: AAPL) — Apple plans to raise up to $4 billion in debt in Taiwan and Australia, according to Dow Jones. On Wednesday, Reuters had reported that Apple planned to sell $1 billion in debt in Taiwan. Separately, Goldman Sachs trimmed its earnings estimates for Apple, based on slower growth for the smartphone industry, and cut its price target to $124 per share from $136.

Costco (NASDAQ: COST) — The warehouse retailer reported flat comparable store sales in May, below the consensus Thomson Reuters estimate of a 1.4 percent increase.

Phillips 66 (NYSE: PSX) — Phillips 66 saw Berkshire Hathaway's (NYSE: BRK.A) Warren Buffett purchase nearly 538,000 additional shares of the energy producer, according to a Securities and Exchange Commission filing. Buffett had held 76.37 million shares prior to this latest purchase.

AutoZone (NYSE: AZO), Dollar General (NYSE: DG), Dollar Tree (NASDAQ: DLTR), Home Depot (NYSE: HD), Lowe's (NYSE: LOW) — Research firm BTIG issued "buy" ratings on these retailers in new coverage, citing them as leaders in the important categories of return on investment and comparable-store sales growth.

Nvidia (NASDAQ: NVDA) — Goldman Sachs initiated coverage on the graphics chipmaker with a "buy" rating, saying Nvidia was a rare example in the semiconductor industry of a growth story. Goldman cites the proliferation of graphics chips in non-traditional markets such as automotive.


Questions? Comments? Email us at marketinsider@cnbc.com



More From CNBC

  • Top News and Analysis

  • Latest News Video

  • Personal Finance