Apple, Vipshop, Coinbase and others

Before the doorbell rings, check out the companies that are making the headlines:

Apple (AAPL) – The company is again approaching $ 3 trillion in market value and must hit $ 182.86 per share to hit this milestone. Regardless, Apple is closing its 12 New York stores due to the spread of the Omicron variant of Covid-19 for indoor traffic. Apple gained 0.3% in the run-up to the market launch.

VIPshop stocks (VIPS) – The China-based e-commerce firm’s shares fell 2.4% early after lowering its revenue forecast for the current quarter. Vipshop cited its “latest view on market and operating conditions” without being specific, but a Jefferies report said warmer weather and a surge in Covid-19 cases likely drove consumer demand down.

RR Donnelley (RRD) – RR Donnelley lost 1.6% in premarket trading after the business communication and marketing services company announced an intervention in its technical systems. Donnelley said it is being investigated and is unaware that customer data has been compromised.

Coinbase (COIN) – The cryptocurrency exchange operator’s shares fell 2.2% in the premarket as Bitcoin price fell, putting the stock at risk of breaking a four-day earnings streak that rose 17.7% over that period .

Extreme networks (EXTR) – The cloud computing company’s stock rose 3.6% ahead of its launch after Needham raised its price target from $ 16 to $ 18.50 per share. The stock closed at $ 16.03 on Monday.

Howard Hughes (HHC) – The real estate firm has reportedly agreed to sell a controlling stake in Chicago’s Bank of America Tower for more than $ 1 billion to the private equity firm Oak Hill Advisors, according to a report by Dow Jones, with citing sources familiar to the business.

Nvidia (NVDA) – The graphics chipmaker’s shares rose 1.2% in the premarket after rising for the past 4 days in a row, helping the iShares Semiconductor ETF (SOXX) to a record high in Monday trading. modern micro devices (AMD) – also a key factor in propelling the SOXX higher – added 1% in pre-trading. Chip inventories have increased due to supply shortages and strong demand, which has resulted in higher prices for chips.