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home / news releases / JBL - Hot Stocks: SBUX CEO transition; JBL SCVL rise on earnings; SMAR drops

JBL - Hot Stocks: SBUX CEO transition; JBL SCVL rise on earnings; SMAR drops

Jabil Inc.
The Federal Reserve will demand most of Wall Street's attention on Wednesday. Still, even with interest rates in focus, some individual stock stories still generated action in pre-market trading. Starbucks (NASDAQ:SBUX) managed to grab some of the spotlight, gaining ground on news that its founder is returning as interim CEO. The stock also received an analyst upgrade. Elsewhere, Jabil (NYSE:JBL) and Shoe Carnival (NASDAQ:SCVL) both showed strength in pre-market action, thanks to their respective quarterly reports. Earnings news had the opposite impact on Smartsheet (NYSE:SMAR), which lost ground after its quarterly update included a weak forecast for the current fiscal year. Gainers Starbucks (SBUX) gained ground in pre-market trading after announcing a leadership transition. The chain of coffee shops revealed that 61-year-old Kevin Johnson, its president and CEO, will retire next month. Company founder and former CEO Howard Schultz will take over the chief executive role on an interim basis.

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Hot Stocks: SBUX CEO transition; JBL, SCVL rise on earnings; SMAR drops
Stock Information
Company Name: Jabil Inc.
Stock Symbol: JBL
Market: NYSE
Website: jabil.com
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