Lowe's and Oracle upgrades, Illumina CEO: Market Movers

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Stocks trend lower this morning entering the first trading of September, a historically weak month for markets. Lowe's (LOW) stock received an upgrade to Outperform from Bernstein analysts. Oracle (ORCL) shares are rising after Barclays upgraded the stock on the software company's cloud outlook amid AI trends. Illumina (ILMN) names Former Agilent (A) Vice President Jacob Thaysen as its new CEO. Yahoo Finance Live details several trending stocks after Tuesday's opening bell.

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It came as trading in the British brand resumed after the company revealed on Friday that it ended the year to April with an adjusted pre-tax loss of £21.7m - compared with a profit of £21.6m the year before. At one point on Monday, Superdry's shares plummeted by about a fifth to 43p - its lowest-ever level since floating on the market in 2010 at 500p.

 

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