On Friday morning trade, investors will watch out for Kenvue (KVUE) recovering from Thursday’s 13.22% drop. Selling intensified after Johnson & Johnson (JNJ) faced claims on its talc-based products in the U.K.
The lawsuit, representing over 3,000 people, alleged that they or a family member developed cancer, mesothelioma, or a tumor from using the baby powder. The claimants are suing Kenvue UK Ltd. and J&J.
F5 Networks (FFIV) dropped by 10.7% to close at $295.35. Investors continued to sell the stock after the firm said that a threat actor gained access to parts of its system. F5 specializes in application security, so the access first detected in August is a concern.
Since bottoming at below $15 in April, Hewlett Packard Enterprise (HPE) peaked at $26.44. The stock might get back some of the 10% decline from the previous day.
HPE said that it expects revenue will rise by 17% to 22%. It will earn $2.20 - $2.40 per share (adjusted). This is below the consensus estimate, causing HPE stock to fall on Thursday.
The company has strong long-term growth prospects ahead. Shareholders should expect an EPS annualized growth rate above 11%. In the computer hardware space, watch HP Inc. (HPQ) and Dell Technologies. HPE’s peers, which include Zebra Technologies (ZBRA) and Motorola Solutions (MSI), are also trading in a near-term downtrend.
