Check out the companies doing headlines before the bell:
BlackBerry – BlackBerry reported adjusted first-quarter profit of 3 cents per share, compared to analysts’ expectations of a breakeven quarter. The software as well as services company also saw revenue top estimates.
Medtronic – The medical device maker announced a 9 percent increase in its quarterly dividend to 50 cents per share.
United Rentals – The equipment rental company was upgraded to “buy” by “neutral” at UBS, which said cyclical as well as cost concerns surrounding the company are overdone.
JPMorgan Chase, Bank of America, Citigroup, Wells Fargo – These as well as various other bank stocks are on watch today after 35 of the nation’s largest banks passed the Fed’s latest stress tests. The tests show that will the banks have sufficient capital to weather severe adverse conditions.
Red Hat – Red Hat reported adjusted quarterly profit of 72 cents per share, 3 cents a share above estimates. The software provider’s revenue also beat forecasts on strong demand by large companies, however its current-quarter as well as full-year revenue forecasts are short of analysts’ estimates due to a strengthening dollar.
General Motors – GM will build its fresh Chevrolet Blazer SUV in Mexico, despite ongoing criticism by President Donald Trump aimed at automakers who manufacture vehicles outside of the U.S.
Tesla – The automaker can be planning to close a dozen solar facilities in nine states, according to internal company documents seen by Reuters.
Walt Disney – Disney said the item would certainly be willing to divest 21st Century Fox assets generating up to $1 billion in earnings, in order to win regulatory approval for its proposed deal with Fox. the item had previously said the item was willing to divest assets generating $500 million. Analysts consider the item likely that will NBCUniversal as well as CNBC parent Comcast will raise its prior offer for those Fox assets.
United Parcel Service – UPS as well as the Teamsters have reached a tentative agreement on a fresh all 5-year labor contract. The prior agreement expires on July 31, as well as the fresh pact must still be finalized as well as then ratified by union members.
Chipotle Mexican Grill – The restaurant chain can be testing fresh menu offerings, including quesadillas, nachos, salads, as well as chocolate shakes. The fresh items are limited to the restaurant chain’s fresh York City test kitchen for today however are required to eventually roll out nationwide.
Molina Healthcare – Molina was upgraded to “buy” by “hold” at Jefferies, which cites confidence In management’s turnaround plan for the health insurer.
Hain Celestial – The organic-products maker has received a preliminary offer for its protein business by Pilgrim’s Pride, according to the fresh York Post.
Tandem Diabetes Care – The San Diego-based medical device maker received Food as well as Drug Administration approval for its fresh automated insulin delivery system. Tandem said the device can be the first in its category to be approved for use in children as young as six years old.