$Nike (NKE.US)$ The apparel stock fell more than 6% after Nike cut its full-year guidance for sales growth. The company said supply chain issues in Vietnam were slowing sales. Nike now projects mid-single-digit revenue growth for its 2022 fiscal year, down from prior guidance of low-double-digit growth.
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$Roku Inc (ROKU.US)$ Shares of the streaming service gained 3% after Guggenheim upgraded the stock to buy from neutral. The Wall Street firm said Roku’s international expansion and improving advertising tools should help complement the company’s core business.
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$Liberty Global-A (LBTYA.US)$ Shares of the telecom conglomerate rose 4% after Jefferies upgraded the stock to buy from hold. The investment firm said in a note that it expects a significant increase in cash flow for Liberty over the next three years.
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$KB Home (KBH.US)$ Shares of the homebuilder rose in premarket trading despite missing top and bottom-line estimates. KB Home reported quarterly earnings of $1.60 on revenue of $1.47 billion. Wall Street expected earnings of $1.62 per share on revenue of $1.57 billion, according to Refinitiv.

$Salesforce (CRM.US)$ The software company raised its full-year 2022 revenue guidance to between $26.25 billion and $26.35 billion. This is higher than the company's previous estimate of revenue between $26.2 billion and $26.3 billion. Analysts expected $26.31 billion. Shares rose 2% in premarket trading.

$Disney (DIS.US)$ shares rose 1.5% after Credit Suisse called Tuesday’s sell-off of the stock overblown and said it’s maintaining its outperform rating on it. The bank has a price target of $218 per share, 27% higher than its Tuesday closing price.
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$Microsoft (MSFT.US)$ announced five new Surface products on Wednesday, including the Surface Duo 2 phone, Surface Pro 8, Surface Go 3, Surface Laptop Studio and Surface Pro X.
Microsoft doesn’t make a lot of money from hardware. Just 4% of the company’s revenue in the second quarter came from devices.

EV sales in the U.S. are expected to jump from an estimated 350,000 autos in 2021 to more than a million annually by 2025, according to LMC Automotive.
$Tesla (TSLA.US)$ says none of its “scrapped lithium-ion batteries go to landfilling, and 100% are recycled.”
$Ford Motor (F.US)$ and its battery manufacturing partner SK Innovations will secure a steady supply of key materials such as lithium, nickel and copper critical to manufacturing EV battery packs.

$Meta Platforms (FB.US)$ told advertisers in a blog post Wednesday that it’s been underreporting ad performance on $Apple (AAPL.US)$ iPhones, citing changes to the iOS operating system. Facebook estimated it is underreporting web conversions on Apple’s iOS by about 15%. Apple’s update made it so that iPhone and iPad users would have to choose to opt in to being tracked when first launching an app.

$Johnson & Johnson (JNJ.US)$ Shares of the drugmaker rose nearly 1% after announcing its Covid-19 booster shot is 94% effective when administered two months after the first dose in the U.S. The company said the booster increases antibody levels four to six times higher than just one shot.
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