U.S. stock futures point to lower open, one day after a powerful rally on Wall Street.
Back-to-back gains for the Dow, the S & P 500 and the Nasdaq, which all rose Wednesday about 1.5%. Final look at third-quarter GDP revised higher to 3.2% from 2.9%. 2. Micron Technology is real bad because of Samsung. Do not hold your breath. Micron cuts 10% of workforce ; suspend bonuses in 2023. Casualty of severe overbuild. Wider than expected loss and a revenue miss. MU down 3.5% in the premarket.
Planet Fitness named a top pick for 2023 at Piper, which boosts price target to $93 per share from $79. In addition to PLNT and DG, Piper likes also Yeti , Driven Brands and Boot Barn heading into the new year. 8. Under Armour names Stephanie Linnartz as CEO; comes from Marriott . Interesting choice. Could help with technology and loyalty. Baird raises UAA price target to $10 per share from $9. 9. Truist raises price target on Vail Resorts to $292 per share from $270.
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