The 2 Stocks to Watch Friday Morning
The stock market has come under pressure in recent days, as investors worry that a strong economy could prompt the Federal Reserve to leave interest rates higher for a longer period of time. Despite reports that job creation figures for June were weaker than some had expected, major market indexes appeared poised for a modest decline at the open on Friday morning, adding to Thursday's fairly steep losses.
Heading into the weekend, a couple of stocks were in the headlines early Friday. Levi Strauss (NYSE: LEVI) reported its latest financial results, and shareholders weren't happy with the trends that the jeans maker is seeing. Meanwhile, Rivian Automotive (NASDAQ: RIVN) got a boost for a second day in a row, with favorable comments from Wall Street analysts building buzz about the electric vehicle (EV) manufacturer. Here are all the details you need to know about these two must-watch stocks.
Shares of Levi Strauss were down 8% in premarket trading on Friday morning. The maker of iconic jeans and other apparel products reported fiscal second-quarter financial results for the period ended May 28 that indicated just how much uncertainty there is in the consumer economy right now.
Source Fool.com
