Welcome to Extreme Investor Network, your go-to source for all things finance and investing. Today, we are diving into the latest news in the premarket trading world.
Companies in the spotlight include United States Steel, General Mills, Casella Waste Systems, Intuitive Machines, ResMed, and V.F. Corp. Let’s break down the key highlights and what investors need to know:
– United States Steel saw shares jump over 3% after news that the Committee on Foreign Investment in the United States granted a request to delay the review of Nippon Steel’s bid for U.S. Steel until after the November election. This development could have significant implications for the future of both companies.
– General Mills, on the other hand, experienced a 1% dip in shares after reporting a 14% drop in profit last quarter due to higher input costs impacting margins. Investors will need to keep an eye on how the company plans to address these challenges moving forward.
– Intuitive Machines stole the show with a staggering 52% surge in shares following a nearly $5 billion space network contract from NASA. This exciting development positions the space exploration company for significant growth in the coming months.
– V.F. Corp also made headlines after Barclays upgraded the apparel company behind The North Face and Vans to overweight from equal weight. The stock has seen a 3% increase, with analysts highlighting the attractive risk-reward ratio for investors.
At Extreme Investor Network, we are constantly monitoring market trends and news to provide our readers with valuable insights and analysis. Stay tuned for more updates and expert commentary on the latest happenings in the world of finance and investing.
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