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The Possibility of a U.S. Recession and Rising Inflation Has Become a Thing of Concern to Investors.

Originally published on Best Stocks

Source: Getty Images


This seemed to be weighing on the stock market on Friday. A 0.4 percent decline was seen in the S&P 500’s near-term forecast.

The following are some of the pre-market trades that are generating headlines this morning.

Shares of Kohl’s KSS –0.61 percent (KSS) fell 15 percent after the department store chain announced that it had abandoned discussions to be purchased by Franchise Group (FRG). Franchising Group’s stock dropped 3.2 percent.

(MU) Shares of memory chip manufacturer Micron Technology fell 4.4 percent after the company announced its fourth-quarter earnings would fall short of expectations.

LI +0.60 percent, NIO +0.64 percent, and XPeng +2.1 percent all had gains of over 1% each. Li Auto LI (+0.60 percent) was the only one to have gains of more than 1%. China’s EV production and demand increased in June, resulting in excellent deliveries from all three electric car firms.

After JetBlue Airways (JBLU) increased its tender bid to acquire Spirit Airlines, Frontier Group Holdings (ULCC) fell by 1.1% on Friday (SAVE). Shares of Spirit and JetBlue were also unchanged.

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