Stocks to Watch Thursday: Micron, Lamb Weston, MicroStrategy, Nike
Lamb Weston (LW): The French fries maker said it was replacing its chief executive and slashed guidance again, as demand for frozen potato products sputters. Shares slid roughly 18% in premarket trading.
Micron Technology (MU): The memory-chip maker gave a cautious outlook for this quarter, citing weakness in consumer-related chip markets. Shares tumbled 15%.
Tesla (TSLA): The electric-vehicle maker's shares gained over 2% premarket, having slid 8% Wednesday amid a broad selloff after the Federal Reserve projected fewer rate cuts in 2025.
MicroStrategy (MSTR): Shares of the cryptocurrency-buying company rebounded ahead of the opening bell, after falling 10% Wednesday. Bitcoin prices slid after the Fed decision, briefly dipping back below $100,000. On Thursday, other crypto-linked stocks including Coinbase (COIN) rose premarket.
Lennar (LEN): The homebuilder logged lower quarterly revenue and profit due to higher mortgage rates for buyers, sending its shares down about 9% off-hours.
Results from Nike (NKE) and shipping and logistics company FedEX (FDX) are expected after the market close.
Lamb Weston (LW): The French fries maker said it was replacing its chief executive and slashed guidance again, as demand for frozen potato products sputters. Shares slid roughly 18% in premarket trading.
Micron Technology (MU): The memory-chip maker gave a cautious outlook for this quarter, citing weakness in consumer-related chip markets. Shares tumbled 15%.
Tesla (TSLA): The electric-vehicle maker's shares gained over 2% premarket, having slid 8% Wednesday amid a broad selloff after the Federal Reserve projected fewer rate cuts in 2025.
MicroStrategy (MSTR): Shares of the cryptocurrency-buying company rebounded ahead of the opening bell, after falling 10% Wednesday. Bitcoin prices slid after the Fed decision, briefly dipping back below $100,000. On Thursday, other crypto-linked stocks including Coinbase (COIN) rose premarket.
Lennar (LEN): The homebuilder logged lower quarterly revenue and profit due to higher mortgage rates for buyers, sending its shares down about 9% off-hours.
Results from Nike (NKE) and shipping and logistics company FedEX (FDX) are expected after the market close.