(META) was down 1.3% after the parent of Facebook was fined $1.3 billion by privacy regulators in the European Union for sending user information to the U.S. The fine is a record for the bloc, according to The Wall Street Journal. “We will appeal the ruling, including the unjustified and unnecessary fine, and seek a stay of the orders through the courts,”
said in a statement.
hosting its 2023 “Capital Markets Day” in Dearborn, Mich. It’s calling the event “Delivering Ford+,” a strategy around digitizing the car, adding software on both electric and traditional vehicles. The auto maker reaffirmed that it expects adjusted earnings before interest and taxes in 2023 of $9 billion to $11 billion.
also announced it had signed long-term lithium supply agreements. Ford shares rose 0.2%.
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(ALB) was up 1% after the lithium miner said it would supply more than 100,000 metric tons of battery-grade lithium hydroxide that will be used to make about 3 million electric vehicle batteries for Ford.
(PACW) shares were rising 3.7% after the regional lender said in a filing Monday it will sell a portfolio of 74 real estate construction loans with a total balance of about $2.6 billion.
(DKNG) was rising 2.9% after shares of the sports-betting company were upgraded to Buy from Neutral at
UBS
.
(FL) declined 2.5% in premarket trading to $29.47. The stock sank more than 27% on Friday after the footwear retailer slashed its earnings and sales guidance for the fiscal year. Williams Trading downgraded the stock to a Sell from Hold with a price target of $25, down from $38, the Fly reported.
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(NKE) also was downgraded to Sell from Hold at Williams Trading. Nike was down 1.5% after tumbling 3.5% on Friday.
(YMM), the China-based digital freight company, reported fiscal first-quarter earnings and revenue that beat analysts’ estimates. American depositary receipts of
were rising 7.2%.
Videoconferencing company
(ZM),
(
), and
(NDSN) are scheduled to report earnings after stock markets close Monday.
Write to Joe Woelfel at [email protected]
