Welcome to Extreme Investor Network, where we strive to provide you with the most valuable and unique information to help you navigate the world of finance. Today, we are diving into the latest news on companies making headlines before the bell.
Microsoft is starting off strong with a 2% increase in shares after announcing a 10.7% increase in its quarterly dividend to 83 cents per share. The tech giant also approved a new $60 billion share repurchase program, showing confidence in its future growth.
SolarEdge Technologies, on the other hand, saw a 6% dip in shares after Jefferies downgraded the solar company to underperform. The firm cited rising domestic competition and high inventory levels overseas as factors putting pressure on SolarEdge.
Intel made a bold move with a 7% jump in stock price after announcing the creation of a separate entity for its foundry business. This new structure will allow the unit to have its own board and raise outside funding, positioning it for future success.
Dell Technologies is gaining momentum with a 2% increase in shares as Mizuho Securities initiated coverage with an outperform rating. The firm highlighted Dell’s market leadership, robust supply chain, and share gains in artificial intelligence servers.
Shopify is also on the rise, with a 2.6% gain in shares after Redburn Atlantic upgraded the e-commerce stock to buy from neutral. The firm sees Shopify continuing to gain market share in the U.S. social e-commerce market, which is forecasted for explosive growth in the coming years.
Flutter Entertainment saw a slight uptick in shares after announcing the acquisition of Playtech Plc’s Italian gambling business Snaitech S.p.A. for €2.3 billion in cash, further expanding its online sports betting presence.
AppLovin is catching attention with a more than 2% increase in shares after UBS upgraded the mobile software company to buy from neutral. UBS highlighted AppLovin’s execution in the gaming opportunity and potential upside in the e-commerce market.
Gannett received an upgrade from Citi to neutral from sell, resulting in a 4% increase in shares. The bank noted Gannett’s progress in slowing the rate of topline declines and projected potential revenue growth in the near future.
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