Premarket Trading: Oracle – Database Software Company continues to drop by 3% as it continues to lower its stocks in concern over AI trading. Rothschild & Co Redburn has begun Oracle’s compensation with Oracle’s selling rating, saying the market is “substantially” overestimating Oracle’s contract cloud revenues. 40% of the stock was dropped first. Intel – Shares rose 2% following Bloomberg’s report that Intel approached Apple for investing in chip makers. The meeting is in its early stages, the report said. TRANSOCEAN – Shares fell 15.7% after Offshore Driller announced plans to sell 125 million shares at a price of $3.05. Opendoor Technologies – Trading company Jane Street has disclosed a 5.9% stake in its online real estate platform, surpassing its shares by 5%. This year, stock prices have skyrocketed by more than 400%. Lithium America – Mining inventory has come to an additional 21%, paced based on a massive 95.8% surge from the previous session. Lithium America was torn apart Wednesday as the Trump administration is trying to build stock in a Canadian company. JABIL – Electronic manufacturing companies skied 4% despite reporting fourth quarter revenue and revenue beats. Jabil’s core revenue was $3.29 per share, compared to a fact set consensus estimate of $2.92. Revenues are $8.25 billion, exceeding the $7.95 billion forecast from analysts. Stitch Fix – Stocks fell 7%. The online styling company reported a lower adjusted EBITDA in the fourth fiscal quarter compared to the same period a year ago. Stitch Fix also said its active client base had shrunk by nearly 8% year-on-year. Hertz Global Holdings – Hertz Corporation, a subsidiary of a car rental company, has agreed to sell $375 million in exchangeable senior notebooks scheduled for 2030. The stock price has been added at 2.7%. Uniqure – The biotech company’s inventory rose nearly 9% after clinical trials found that the company’s experimental gene therapy for Huntington slows the progression of neurodegenerative diseases. Carmax – Shares plummeted 13% after a used car retailer reported unfortunate quarter results. Carmax recorded a profit of 64 cents per share in the second quarter. The earnings analysts voted at $1.04 per share were forecast. Revenue was $6.59 billion, missing a consensus estimate of $7.01 billion. BlackBerry – Stock added 2.6% after the company’s second quarter earnings exceeded expectations. BlackBerry’s adjusted revenue was 4 cents per share, but the cents expected from analysts voted by FactSet. Revenue was $129.6 million, surpassing the consensus estimate of $120.1 million. – CNBC’s Fred Invert, Sarah Minh and Alex Hurling contributed to the report. (Learn the best 2026 strategies from within NYSE with Josh Brown and others on CNBC Pro Live. Tickets and info here.)
