Apple, Coinbase Rise Premarket; Oracle Falls By

© Reuters.

By Peter Nurse — Stocks in focus in premarket trade on Tuesday, September 14th. Please refresh for updates.

  • Apple (NASDAQ:) stock rose 0.2% with the world’s largest company expected to announce new versions of the iPhone, the Apple Watch and Airpods later Tuesday, in what will be its biggest launch event of the year.

  • Oracle (NYSE:) stock fell 3% as the software company’s first-quarter revenue came in below estimates, with its Cloud license and on-premise license business hit particularly hard. The company also said this quarter’s revenue would only be up around 1% on a year ago.

  • Amazon (NASDAQ:) stock fell 0.1% after the world’s largest online retailer announced plans to hire more than 125,000 warehouse and transportation workers in the United States, hiking its average starting wage to $18 per hour, up by around $1 per hour. 

  • General Motors (NYSE:) stock fell 0.2% following the auto giant’s venture capital arm announcing it has invested millions of dollars in Oculii, a U.S. startup maker of software for radar sensors used in self-driving cars.

  • Herbalife (NYSE:) stock fell 9% after the maker of dietary products cut its outlook, weighed by lower than expected levels of activity by its independent distributors.

  • Intuit (NASDAQ:) stock rose 0.5% after the financial software company announced the acquisition of email marketing firm Mailchimp for $12 billion.

  • Coinbase (NASDAQ:) stock rose 1.4% following investment bank Piper Sandler reiterating its stance at ‘overweight’, saying investors should buy the dip in the cryptocurrency exchange operator. 

  • Wynn Resorts (NASDAQ:) stock fell 7.9% after Macau announced plans to increase the government supervision of its casinos, signalling tighter control over the world’s largest gambling hub. 


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