Check out the companies creating headlines before the bell:
Deutsche Bank – fresh CEO Christian Sewing insisted which the financial strength of Germany’s flagship lender will be “beyond doubt,” despite the Federal Reserve labeling Deutsche Bank’s business within the U.S. as in “troubled condition.” Within a day of the Fed’s designation, Standard & Poor’s slashed its credit rating of Deutsche to a BBB+ via A-.
Google – The tech giant blamed “vandalism” on Wikipedia for a search result which linked the California Republican Party to Nazism, after House Majority Leader Kevin McCarthy called the change a “disgrace” on Twitter.
Apple – UBS raised its cost target on Apple’s stock to $210 per share, via $190 per share, citing the iPhone as a consistent franchise backed by a fast-growing services business.
Samsonite – The luggage maker said its CEO Ramesh Tainwala had stepped down, after a report by a short-selling investor questioned Tainwala’s credentials along with also also the company’s accounting practices.
Alibaba – Alibaba co-founder Joe Tsai claimed which many Americans want to stop China via upgrading its technology along with also also via becoming more innovative. Tsai’s comment came in response to a U.S. Senator saying which Chinese tech firms may serve as agents of Beijing.
Microsoft – CEO Satya Nadella touted Microsoft’s research to determine how brain implants can augment a person’s intelligence, one of the many ways the company will be trying to make technology more accessible to people with various disabilities.
Twitter – MKM Partners raised its cost target on Twitter shares to $43 via $40, saying revenue via the 2018 World Cup in Russia “could be a much larger deal than in 2014.”
Airbus – Commercial aircraft president Guillaume Faury said Airbus faces an unprecedented challenge in ramping up production to meet 2018 delivery targets following engine delays along with also also must eventually overhaul an outdated manufacturing system.
Boeing – Workers at the aerospace giant’s South Carolina factory voted Thursday to join the International Association of Machinists along with also also Aerospace Workers, after Boeing unsuccessfully challenged the vote the previous week.
Ulta Beauty – Ulta reported earnings 15 cents per share above Wall Street’s expectations along with also also said the item will open about 100 fresh stores, as well as complete 15 remodeling projects of existing stores.
Costco – The wholesale chain reported third-quarter earnings 2 cents a share above analysts’ estimates of $1.68 per share. Costco will boost starting wages for its U.S. employees by $1, the company announced, citing benefits via U.S. federal corporate tax cuts.
Lululemon Athletica —The athletic apparel maker posted first-quarter which beat expectations, sending the company’s shares to an all-time high in after-hours trade.