Among the companies with shares expected to trade actively in Friday’s session are International Business Machines Corp., American Express, Nike, Berkshire Hathaway, JPMorgan Chase & Co., Lowe’s Companies and Alphabet.
IBM shares fall 3.1% premarket after the technology firm narrowly topped earnings expectations for the most recent quarter, reported higher revenue for the first time in 23 quarters and signaled continued growth into 2018.
Shares of American Express fell 3.2% premarket. The financial services company recorded its first quarterly loss in over a quarter-century and said it would suspend its share-buyback program in the first half to rebuild capital as it absorbed a hit from tax changes in the U.S.
Nike shares climbed 2% to $65.41 premarket following a Wedbush Securities analyst upgrade to outperform from neutral. The analysts raised their price target on shares of the athletic apparel giant to $74 from $57.
Shares of Berkshire Hathaway rose 0.1% before the opening bell after the conglomerate revealed in SEC filings that longtime reinsurance executive Ajit Jain, who was recently added to the firm’s board and could succeed Warren Buffett, holds more of the firm’s shares than some other board members.
JPMorgan Chase shares were down 0.1% premarket. A security filing showed that Chief Executive James Dimon received a compensation package valued at $29.5 million in 2017, up 5.4% but short of his record pay of $30 million in 2007.
Shares of Lowe’s climbed 2.1% premarket on the news that the home improvement retailer has added two new board members following discussions with activist investor D.E. Shaw Group.
Alphabet shares advanced 0.4% premarket after the parent company of search-engine giant Google and Chinese tech firm Tencent Holdings said they will license each other’s technology patents, a deal that could help the former broaden its toehold in the Chinese market and accelerate the global expansion of the latter.
Shares of Netflix climbed 1.4% to $223.50 before the opening bell. Analysts at KeyBanc Capital Markets raised their price target on shares of the streaming giant, which is scheduled to report earnings after the market closes Monday, to $270 from $230.
Amazon.com shares advanced 1.6% premarket following a Recode report that the e-commerce giant is increasing the monthly price of its Amazon Prime service nearly 20% to $12.99.
Texas Instruments shares added 1.3% premarket after the chip maker said operating chief Brian Crutcher will become the company’s next president and chief executive.
Synchrony Financial shares shed 5.4% before the opening bell following the bank’s quarterly profit beat, though net interest income fell short of expectations and Synchrony took at hit of $160 million from the new tax law.
Shares of Schlumberger declined 0.4% premarket after the oilfield services company beat on earnings and revenue, though revenue in the Middle East and Asia declined from the same quarter a year earlier.
Chipotle Mexican Grill shares climbed 1.6% premarket following a Raymond James analyst upgrade to market perform from underperform.
