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Check out the companies making headlines before the bell: Applied Materials — Shares tumbled more than 8% after the semiconductor equipment manufacturer offered fragile profit guidance for the ongoing quarter. Applied Materials said it forecasts $7.15 billion in the first fiscal quarter, under the estimate of $7.224 billion from analysts polled by LSEG. The company also reported better-than-expected fiscal fourth-quarter results and provided a robust outlook for adjusted earnings per share. Alibaba — S hares jumped more than 3% after the Chinese e-commerce giant beat profit expectations in its fiscal second quarter , although its sales disappointed as the company continues to grapple with weaker consumer spending in China. Alibaba’s net income rose 58% year on year, on the back of its equity capital performance. Its profit of 236.5 billion yuan came out 5% higher year on year but below analysts’ expectations of 238.9 billion yuan, according to LSEG insights. Moderna — The biotech company’s shares fell 1.8%, continuing its decline from Thursday following the updates that Robert F. Kennedy Jr., a prominent vaccine skeptic, was announced as President-elect Donald Trump’s nominee for secretary of the Department of wellness and Human Services. Domino’s Pizza , Pool Corp. — Shares of the pizza chain jumped about 6% after Warren Buffett ‘s Berkshire Hathaway announced a latest stake in Domino’s in a regulatory filing. Berkshire Hathaway bought more than 1.2 million shares, making the capital worth around $550 million at the end of September. Pool Corp. also gained 6% as the conglomerate purchased around 404,000 shares of the swimming pool supplier, worth $152 million at the end of the period. Ulta Beauty — Shares slipped 5% after Berkshire Hathaway revealed in a regulatory filing that it had nearly dissolved its position in the beauty retailer, selling around 97% of its shares. Ulta was a latest bet for Berkshire, which had just bought the stock in the second quarter. Palantir — The defense tech stock rose more than 2% after saying it was moving its listing to the Nasdaq worldwide Select production from the latest York Stock Exchange. The company said it expects to be eligible to join the Nasdaq-100 Index once it makes the switch. — CNBC’s Jesse Pound, Lisa Kailai Han and Pia Singh contributed reporting.
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