Boeing, Lockheed Martin, Boeing – Lockheed Martin, defense contractor, sold almost 7% after President Bloomberg News reported that he chose Boeing instead of a contract to create the next-generation fighter jet. Boeing stocks have skyrocketed almost 5%. Nike – Stocks fell 5% after athletic retailer warned that sales would fall in the current quarter. It overshadowed fiscal third quarter reports that exceeded expectations for both lines. Cleveland-Cliffs – Iron producers fell 2% after reports from the Minnesota Star Tribune said Cleveland Cliffs temporarily idolised two factories, resulting in hundreds of job cuts. The decision comes as the automaker reduced orders amid uncertainty linked to President Donald Trump’s tariff policy. LENNAR – Home builder stock fell 4% after induced new orders of 22,500-23,500 in the second quarter, below the consensus estimate of 23,802 per StreetAccount. Lennar’s first quarter revenue and revenue exceeded expectations. Micron Technology – Chipmaker also fell nearly 8% after recording revenues that exceeded expectations in the second quarter. Micron reported an adjusted $1.56 with revenue of $8.05 billion, with an analyst voted by RSEG to be $1.42 per share and revenue of $78.9 billion. FEDEX – Parcel delivery companies have seen stocks fall over 8% after cutting their annual profit and revenue forecasts. Chief Financial Officer John Dietrich cited the continued weakness and uncertainty in the US industrial economy. Loop Capital followed the news and downgraded FedEx, calling it “a truly bad recession.” Super Micro Computer – Semiconductor manufacturer’s stock has risen by more than 6% after JPMorgan upgraded its stock from underweight to neutral. The investment company cited the tail from the Blackwell shipment lamp for the upgrade. Alnylam Pharmaceuticals – Biopharmaceutical inventory has risen by about 11% after the US Food and Drug Administration approved Amvuttra, a drug that can be injected to treat rare and fatal heart disease. – CNBC’s Yun Li and Alex Harring contributed the report.
