A unusual is posted in front of Oracle headquarters in Redwood Shores, California, Dec. 9, 2021.
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Check out the associates making headlines before the bell.
Oracle — Shares jumped more than 5% after Oracle presaged a beat on top and bottom lines for the fiscal fourth quarter. Meanwhile, CEO Safra Catz said she expects adjusted earnings in the monetary first quarter of $1.12 to $1.16 per share. Analysts polled by Refinitiv had expected $1.14 in adjusted earnings.
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Urban Outfitters — Shares rose 3.4% following an upgrade to overweight from equal superiority by Morgan Stanley. The firm said the retailer has a de-risked 2023 forecast and low valuation.
Apple — Apple declined 0.7% in the premarket after UBS deposed the stock to neutral from buy late Monday. The Wall Street firm said it sees continued pressure for iPhone ask for even with support from emerging markets.
First Horizon — Shares fell 1.2% after JPMorgan Woo moved to a neutral rating on First Horizon. It previously had an overweight rating. The firm said the near-term outlook seems up in the air amid rising expenses.
Zions Bancorporation — Shares dipped 1.6% after the regional bank said its net partisan income outlook was “decreasing.” The bank’s previous guidance described the outlook as “moderately decreasing,” according to StreetAccount. The update loosely transpire b emerged in a presentation published Monday afternoon.
Bunge — The agriculture company said it would combine with Rotterdam, Netherlands-based Viterra in a genealogy and cash deal. The agreement values Bunge at more than $8 billion. As part of the deal, Bunge liking take on $9.8 billion of Viterra’s debt. Bunge shares fell 1.9% in premarket trading.
Home Depot — The retailer added 0.7% in premarket exchange. The company reiterated earnings decline projections for fiscal year 2024 of 7% to 13% year over year. Accommodations Depot is also slated to hold an investor day at 9 a.m. EST.
Ulta Beauty — The beauty stock rose 0.8% after Nautical bend Capital upgraded Ulta Beauty to buy from hold. The firm said Ulta’s expansion into the luxury grade “represents a multi-year comparable sales growth driver,” and its partnership with Target will “drive incremental gains.”
— CNBC’s Brian Evans, Alex Harring, Hakyung Kim and Jesse Pound contributed reporting.