Market Overview

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Gainers

  • Net Element, Inc. (NASDAQ: NETE) shares surged 61.2% to close at $5.32 on Thursday after the company disclosed that its subsidiary, Unified Payments, is entering the $13 billion property management industry through its partnership with VIP Systems.

Some of the stocks that may grab investor focus today are:

  • Data on new home sales for July will be released at 10:00 a.m. ET.
  • Federal Reserve Chairman Jerome Powell is set to speak in Jackson Hole, Wyoming at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.

Companies Reporting Before The Bell

  • Foot Locker, Inc. (NYSE: FL) is projected to report quarterly earnings at $0.67 per share on revenue of $1.82 billion.
  • Geopolitics and central banks are likely to see GBP/USD thrown into the 'blender' in Coming weeks.
  • GBP/USD has perked up beyond a key resistance line that could open the flood gates towards 1.2300, if not 1.2600. 
  • On the downside, as volatility increase, 1.2000 is the critical support area.

Transporting medical samples between hospitals and their support facilities will be the initial market play for UPS Inc (NYSE: UPS) as it expands into drone delivery services, according to plans filed with federal regulators.

Nearly all leaders of the most successful businesses eventually get asked a version of this interview question: “What drives you? What motivates you to get up in the morning?”

Meteorologist Nick Austin talks about the possibility of flooding in Missouri and Kansas. In the carrier update presented by AT&T Business, Donny Gilbert talk about outbound tender volumes and how they are reaching record-highs. We also dive into what shippers are saying about the industry.

Gainers

For the second time in four months, unionized pilots flying for cargo airlines Atlas Air Worldwide Holdings (NASDAQ: AAWW), its Southern Air unit, and ABX Air, a unit of Air Transport Services Group (NASDAQ: ATSG), desc