{"id":12010,"date":"2023-05-22T07:35:39","date_gmt":"2023-05-22T11:35:39","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/micron-meta-ford-foot-locker-zoom-video-and-more-stock-market-movers\/"},"modified":"2023-05-22T07:35:40","modified_gmt":"2023-05-22T11:35:40","slug":"micron-meta-ford-foot-locker-zoom-video-and-more-stock-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=12010","title":{"rendered":"Micron, Meta, Ford, Foot Locker, Zoom Video, and More Stock Market Movers"},"content":{"rendered":"
\n
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Stock futures traded flat Monday\u00a0with time running out on the White House and House Republicans to reach an agreement to raise the U.S. debt ceiling.<\/p>\n

These stocks were poised to make moves Monday:\u00a0<\/p>\n

\n Micron Technology
\n (MU) declined 5.8% in premarket trading after Beijing banned companies involved in China\u2019s critical information systems from buying chips from the U.S. chip maker, saying they posed a major national-security risk. China\u2019s investigation into Micron was seen as retaliation for the U.S. reducing China\u2019s access to key technology.<\/p>\n

\n

\n Meta Platforms
\n (META) was down 1.4% after the parent of Facebook was fined $1.3 billion by privacy regulators in the European Union for sending user information to the U.S. The fine is a record for the bloc, according to The Wall Street Journal. \u201cWe will appeal the ruling, including the unjustified and unnecessary fine, and seek a stay of the orders through the courts,\u201d
\n Meta
\n said in a statement.<\/p>\n

\n Ford (F) is
\n hosting its 2023 \u201cCapital Markets Day\u201d in Dearborn, Mich.\u00a0It\u2019s calling the event \u201cDelivering Ford+,\u201d a strategy around digitizing the car, adding software on both electric and traditional vehicles. The auto maker reaffirmed that it expects adjusted earnings before interest and taxes in 2023 of $9 billion to $11 billion.
\n Ford
\n also announced it had signed long-term lithium supply agreements. Ford shares rose 0.4%.<\/p>\n

\n Foot Locker
\n (FL) declined 2.3% in premarket trading to $29.51. The stock sank more than 27% on Friday after the footwear retailer slashed its earnings and sales guidance for the fiscal year. Williams Trading downgraded the stock to a Sell from Hold with a price target of $25, down from $38, the Fly reported.
\n Nike
\n (NKE) also was downgraded to Sell from Hold at Williams Trading. Nike was down 1.4% after tumbling 3.5% on Friday.<\/p>\n

\n DraftKings
\n (DKNG) was rising 3.1% after shares of the sports-betting company were upgraded to Buy from Neutral at
\n UBS.<\/span>\n <\/p>\n

\u00a0
\n Full Truck Alliance
\n (YMM), the China-based digital freight company, reported fiscal first-quarter earnings and revenue that beat analysts\u2019 estimates. American depositary receipts of
\n Full Truck Alliance
\n were rising 5.3%. <\/p>\n

Videoconferencing company
\n Zoom Video Communications
\n (ZM),
\n Heico
\n (HEI), and
\n Nordson
\n (NDSN) are scheduled to report earnings after stock markets close Monday.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stock futures traded flat Monday\u00a0with time running out on the White House and House Republicans to reach an agreement to raise the U.S. debt ceiling. These stocks were poised to make moves Monday:\u00a0 Micron Technology (MU) declined 5.8% in premarket trading after Beijing banned companies involved in China\u2019s critical information systems from buying chips from […]<\/p>\n","protected":false},"author":1,"featured_media":12011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-12010","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nMicron, Meta, Ford, Foot Locker, Zoom Video, and More Stock Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stock futures traded flat Monday\u00a0with time running out on the White House and House Republicans to reach an agreement to raise the U.S. debt ceiling.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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