Stock Groups

Micron, Eli Lilly, Netflix, Lucid and more


Check out the companies making headlines before the bell:

Micron Technology (MU) – Micron reported adjusted quarterly earnings of $2.42 per share, 9 cents above estimates, with the chip maker’s revenue also topping Street forecasts. Its current quarter outlook fell short of consensus due to shortages in other components at computer-making companies. The stock also fell 3.6% during premarket trading.

Eli Lilly (LLY) – The drugmaker’s stock gained 2.2% in premarket trading after Citi upgraded it to “buy” from “neutral.” Citi highlighted valuation after a drop of more than 15% in share prices. Also, it added that Lilly’s consensus earnings outlook is above the Street following a meeting with management.

Netflix (NFLX) – Netflix rose 1% in the premarket after announcing that it bought videogame maker Night School Studio in a move to diversify its revenue sources. Night School Studio is most well-known for its supernatural-themed videogame “Oxenfree.”

Banner 3

Lucid Group (LCID) – Lucid plans to deliver its first electric luxury sedans in late October, after kicking off production at its Arizona factory on Tuesday. Lucid said its vehicles will have a greater driving range than comparable cars from rival Tesla (TSLA). In premarket trading, the stock rose 7.3%.

Dollar Tree (DLTR) – Dollar Tree jumped 3.7% in the premarket after the discount retailer increased its share repurchase authorization by $1.05 billion to a total of $2.5 billion.

ASML (ASML) – ASML raised its annual sales outlook and the maker of semiconductor manufacturing equipment said it would see 11% annual growth through 2030 as demand for its products booms. Premarket sales increased by 1%.

AbbVie (ABBV) – AbbVie won FDA approval for its once-daily oral migraine treatment. Qulipta is a treatment that AbbVie acquired from Allergan in its $63 billion acquisition.

Sherwin-Williams (SHW) – Sherwin-Williams cut its third-quarter guidance with the paint maker pointing to raw-material shortages and higher input costs. The company said that it doesn’t expect to see a better supply of raw materials or lower prices during the fourth quarter, as previously predicted. Sherwin Williams fell by 2% during premarket actions.

Affirm Holdings (AFRM) – The financial services company said it will offer a debit card as well as allow customers to execute cryptocurrency transactions directly from savings accounts. Affirm shares rose by 3.6% during the premarket.

Cal-Maine Foods (CALM) – Cal-Maine rallied 4.4% in premarket trading after it reported a smaller-than-expected loss for its latest quarter. Because of higher egg prices, the egg producer’s revenues exceeded Street expectations.

Warby Parker (WRBY) – The eyewear maker debuts on Wall Street today, going public via a direct listing at a reference price of $40 per share. The company’s initial value is now close to $5 billion.