With US stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows:
- Uber slid over 5% in premarket trading, it has shut down internal Slack messaging as it investigates a cybersecurity breach by a hacker claiming to have accessed the company’s data.
- FedEx Corp issued preliminary results. The company said it now expects first-quarter revenue of approximately $23.2 billion and first-quarter adjusted earnings to be around $3.44 per share. FedEx has withdrawn its fiscal year 2023 earnings forecast. The company expects business conditions to weaken further in the second quarter. FedEx shares dipped nearly 20% in premarket trading.
- Syros Pharmaceuticals, Inc. and Tyme Technologies, Inc. announced stockholder approval of the merger agreement. Syros also announced a 1-for-10 reverse stock split will be effective Sept. 16.
- Applied Optoelectronics, Inc. reported the sale of its Chinese manufacturing facilities to Yuhan Optoelectronic Technology for $150 million.
- Texas Instruments Incorporated announced plans to increase its quarterly dividend from $1.15 to $1.24 per share. The company’s board also authorized a repurchase of an additional $15 billion of its common stock.