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Uber, FedEx, Texas Instruments And More: U.S. Stocks To Watch

Benzinga2022-09-16

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 FedEx has withdrawn its fiscal year 2023 earnings forecast.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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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