SHOP - Hot Stocks: ACN JBL rise on earnings; LEN BLBD fall; SHOP gets upgrade
After Wednesday's Fed-focused trading, corporate earnings reasserted their influence over Wall Street in Thursday's pre-market action. Accenture (NYSE:ACN) and Jabil (NYSE:JBL) both rallied in the wake of their quarterly reports. Meanwhile, earnings headlines had the opposite impact on Lennar (NYSE:LEN) and Blue Bird (NASDAQ:BLBD). Both stocks dropped amid disappointing financial figures. In other news, Shopify (NYSE:SHOP) got a boost in pre-market action following an analyst's upgrade. Gainers Accenture (ACN) climbed 10% in pre-market trading after it surpassed expectations with its quarterly earnings. Revenue rose 27% to $14.97B. In addition to the Street-topping results, the firm raised its forecast for the full year. Earnings news also gave a lift to Jabil (JBL). The stock posted a 3% pre-market rally on better-than-projected quarterly results. The company also gave a forecast for the current quarter that included potential upside to analysts' projections. Shopify (SHOP) also saw buying interest before the opening bell. An
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Hot Stocks: ACN, JBL rise on earnings; LEN, BLBD fall; SHOP gets upgrade