McCormick, BlackBerry And 3 Stocks To Watch Heading Into Thursday

With U.S. stock futures trading slightly higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:

With U.S. stock futures trading slightly higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:

  • Wall Street expects McCormick & Company, Incorporated (NYSE:MKC) to report quarterly earnings at 57 cents per share on revenue of $1.67 billion before the opening bell. McCormick named Brendan Foley as CEO, effective Sept. 1. McCormick shares fell 1.5% to close at $91.85 on Wednesday.
  • BlackBerry Limited (NYSE:BB) reported better-than-expected fiscal first-quarter results. BlackBerry shares jumped 11.8% to $5.60 in the after-hours trading session.
  • Analysts are expecting Acuity Brands, Inc. (NYSE:AYI) to have earned $3.71 per share on revenue of $1.05 billion for the latest quarter. The company will release earnings before the markets open. Acuity Brands shares gained 2.2% to $164.12 in after-hours trading.

Check out our premarket coverage here

  • Micron Technology, Inc. (NASDAQ:MU) reported better-than-expected third-quarter results. The company said it expects fourth-quarter revenue to be between $3.7 billion and $4.1 billion versus estimates of $3.89 billion. The company anticipates a fourth-quarter adjusted loss of $1.12 to $1.26 per share versus estimates for a loss of $1.06 per share. Micron shares surged 3% to $69.09 in the after-hours trading session.
  • Analysts expect NIKE, Inc. (NYSE:NKE) to post quarterly earnings at 67 cents per share on revenue of $12.59 billion after the closing bell. Nike shares rose 0.2% to $113.28 in after-hours trading.

 

Read This Next: Wall Street's Most Accurate Analysts Say Hold These 3 Tech Stocks With Over 4% Dividend Yields

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Canopy Growth’s Big Step Toward Entry Into US Cannabis Market As DEA Rescheduling Looms

Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) said that in connection with the creation of the company's non-voting and non-participating exchangeable shares, on Thursday, April 18, Greenstar Canada Investment Limited Partnership and CBG Holdings LLC, each a wholly-owned subsidiary of Constellation Brands Inc (NYSE: STZ) exchanged all 17,149,925 common shares in the capital of the company they collectively held for 17,149,925 exchangeable shares for no consideration. The CBG Group no longer holds any common shares of Canopy, as a result, the company said on Thursday. In connection with the termination of the investor rights agreement between CBG, Greenstar and Canopy Growth, the parties entered earlier and following the note exchange, Garth Hankinson, Judy Schmeling and James Sabia each provided notice to the company of his or her decision to resign from the board.

CGC