FedEx, Boeing, Domino’s and more

Visitors walk past a Boeing board during the Farnborough Airshow in Farnborough on July 18, 2022.

Justin Tallis | AFP | Getty Images

Check out the companies making headlines in the dinner trade.

Boeing – The airline fell 6% after it reached a $200 million settlement on charges of misleading investors after two of its jets were involved in deadly crashes.

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Here are Friday’s biggest analyst calls: Apple, Tesla, Coinbase, Domino’s, Costco, Meta and more

FedEx — Shares fell about 4% to hit a new 52-week low after the delivery company announced plans to raise rates between 6.9% and 7.9%.

Costco – The wholesaler, which said it would not raise member prices this week, saw shares fall 4%. Costco posted earnings that beat expectations and showed year-over-year gains, but also said it experienced higher labor and freight costs.

CalAmp — The software company plunged 17% despite an earlier rally. CalAmp reported a smaller-than-expected loss in its second-quarter earnings, while posting record earnings in the subscription and software categories.

Ally Financial — Shares of the financial services company fell 4% after Wells Fargo downgraded the stock to equal weight from overweight. The Wall Street firm said it will be difficult for Ally to outperform as the price of used vehicles continues to fall and as the consumer works through the headwinds of inflation.

Qualcomm — Shares fell 3% despite JPMorgan saying it reiterated the stock as overweight because of the wireless company’s automotive opportunities.

fuboTV — Shares rose 3.4% after Wedbush upgraded the streaming service to outperform, saying fuboTV is at a “compelling entry point” for investors.

Domino’s Pizza — Domino’s Pizza rose 2.1% after BMO upgraded the stock to outperform and predicted a rebound in the fast-food chain on strong demand.

Coinbase – Shares of Coinbase fell 4% after JPMorgan cut its price target and reiterated the stock as neutral, citing concerns about weak activity levels in crypto sales. Although the cryptocurrency exchange has diversified its services and revenue streams, this business still accounts for the majority of its revenue, and trading activity tends to stall when prices are low. Crypto assets were sold with the rest of the risk assets on Friday.

Advanced Micro Devices — Shares hit a new 52-week low for the semiconductor company, falling 3.2%. The decline comes despite Morgan Stanley reiterating the stock amid what it sees as a correction of broad-based semis taking place.

Marathon — Shares in the oil titan fell 11%, defying a positive report from Evercore ISI, which deemed the company to have strong free cash flow.

— CNBC’s Yun Li, Tanaya Macheel and Sarah Min contributed reporting

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