Stocks to Watch Friday: Nike, FedEx, U.S. Steel, Occidental -- WSJ

Dow Jones12-20 17:58

By Katy Barnato

FedEx $(FDX)$: The delivery company said it would spin off its freight-trucking division. Shares rallied 7.5% in premarket trading, even though FedEx reported lower quarterly profits and trimmed annual financial goals.

Nike $(NKE)$: The sportswear company reported its third consecutive quarterly sales decline, while profit fell. Executives warned that this quarter, revenue could decline by more than 10%, and could be even steeper next quarter. Shares fell 3.3% premarket.

U.S. Steel $(X)$: The company cut quarterly earnings guidance, citing weak European demand. Shares fell 4.5% premarket. In the background, the clock is ticking on a national-security review that could block U.S. Steel's purchase by Japan's Nippon Steel.

Occidental Petroleum $(OXY)$ and Sirius XM $(SIRI)$: Shares in both companies rallied premarket after filings with the Securities and Exchange Commission late Thursday indicated that Berkshire Hathaway had recently raised its stakes in them.

Carnival $(CCL)$: The cruise operator is due to report quarterly results ahead of the open (read why cruise lines are basking in holiday cheer).

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

December 20, 2024 04:58 ET (09:58 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Shares rallied 7.5% in premarket trading, even though FedEx reported lower quarterly ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0310800965.SGD","symbol_name":"FTIF - Templeton Global Balanced A Acc SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492497301","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492497301","pubTimestamp":1734688680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"FedEx : The delivery company said it would spin off its freight-trucking division. 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Shares rallied 7.5% in premarket trading, even though FedEx reported lower quarterly profits and trimmed annual financial goals. \n\n\n      Nike $(NKE)$: The sportswear company reported its third consecutive quarterly sales decline, while profit fell. Executives warned that this quarter, revenue could decline by more than 10%, and could be even steeper next quarter. Shares fell 3.3% premarket. \n\n\n      U.S. Steel $(X)$: The company cut quarterly earnings guidance, citing weak European demand. Shares fell 4.5% premarket. In the background, the clock is ticking on a national-security review that could block U.S. Steel's purchase by Japan's Nippon Steel. \n\n\n      Occidental Petroleum $(OXY)$ and Sirius XM $(SIRI)$: Shares in both companies rallied premarket after filings with the Securities and Exchange Commission late Thursday indicated that Berkshire Hathaway had recently raised its stakes in them. \n\n\n      Carnival $(CCL)$: The cruise operator is due to report quarterly results ahead of the open (read why cruise lines are basking in holiday cheer). \n\n\n       This item is part of a Wall Street Journal live coverage event. 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