ArcelorMittal SA (ADR) (NYSE:MT), Fiat Chrysler Automobiles NV (NYSE:FCAU), T-Mobile US Inc (NASDAQ:TMUS), Tiffany & Co. (NYSE:TIF) and Corning Incorporated (NYSE:GLW) shares are worth tracking on Friday.
- ArcelorMittal SA (ADR) (NYSE:MT) reported earnings of 33 cents a share for the first quarter that is ahead of expectations by six cents. However, its revenue jumped 20.1 percent from the previous year period to $16.09 billion but fell short of estimates of $16.62 billion. Moving ahead, the company expects the second quarter to be broadly stable in the second quarter. Following the results, the stock is trading down in pre-market.
- Fiat Chrysler Automobiles NV (NYSE:FCAU) has issued a recall notice to 1.2 million Ram pickup trucks to fix software and safety sensor issues. The recalls are mostly in North America and covers some light-duty 1500, medium-duty 2500 and heavy-duty 3500 trucks. The models ranged between 2013 and 2016.
- T-Mobile US Inc (NASDAQ:TMUS) and Sprint Corp (NYSE:S) shares are trading higher in pre-market after reports suggested that the fourth biggest telecom service provider started preliminary talks for merger. The move is aimed at consolidating the position as Sprint ceded its third position to T-Mobile a year ago.
- Tiffany & Co. (NYSE:TIF) shares are trading up in pre-market after Goldman Sachs Group upgraded the stock to a Buy rating from Neutral. The brokerage has a target price of $107 on the stock.
- Corning Incorporated (NYSE:GLW) has been awarded $200 million by Apple Inc. (NASDAQ:AAPL)’s new Advanced Manufacturing Fund. The objective is to support the company’s efforts to advance state-of-the-art glass processing.
- During an interview in CNBC, billionaire investor, Mark Cuban, viewed Facebook Inc (NASDAQ:FB), Amazon.com, Inc. (AMZN), Netflix, Inc. (NASDAQ:NFLX) and Alphabet Inc (NASDAQ:GOOGL) shares as undervalued.
- J C Penney Company Inc (NYSE:JCP) reported earnings of six cents a share for the first quarter that came in ahead of the expectations of a loss per share of 21 cents. However, its revenue of $2.71 billion, which dipped 3.6 percent from the previous year period, fell short of estimates of $2.77 billion. Comparable store sales dipped 3.5 percent in the first quarter. Following this, the stock is trading down in pre-market.