NKLA - Hot Stocks: NKE RAD MU rise on earnings; GIS falls; NKLA reaches SEC settlement
Earnings news represented the dominant theme in Tuesday's pre-market action. Nike (NYSE:NKE), Rite Aid (NYSE:RAD) and Micron Technology (NASDAQ:MU) all found buyers in the wake of their quarterly results. The release of financial figures had the opposite impact on General Mills (NYSE:GIS). The packaged food maker dropped in the wake of a disappointing bottom line. In other news, Nikola (NASDAQ:NKLA) ticked higher in pre-market trading after it reached a deal with regulators to settle charges related to its former CEO. Gainers Nike (NKE) jumped nearly 4% in pre-market action following the release of better-than-expected earnings for its latest quarter. Revenue edged up about 1% to $11.4B, as supply chain disruptions limited its ability to meet demand during the fiscal period. Earnings news also gave a boost to Rite Aid (RAD). Shares advanced 2% after the drug store chain reported a surprise non-GAAP profit for Q3. The firm also raised its
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Hot Stocks: NKE, RAD, MU rise on earnings; GIS falls; NKLA reaches SEC settlement