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New U.S. Base on Guam Is Aimed at Deterring China
  + stars: | 2023-01-26 | by ( Nancy A. Youssef | ) www.wsj.com   time to read: 1 min
ASAN BEACH, Guam—The U.S. Marine Corps marked the opening of a new base on America’s westernmost Pacific island, as the Pentagon redirects its forces to counter China, which Washington has identified as a growing threat to U.S. security. The first new Marine base since 1952, it is still under construction. It will eventually house 5,000 Marines tasked in the short term with deterring and detecting threats in the region.
Zscaler (ZS) – The cloud security company reported a better than expected quarter, but its stock slumped 9.1% in premarket trading following conservative guidance. Horizon shares had soared 27.3% last Friday on news that it was in talks with several potential takeover partners. DoorDash (DASH) – DoorDash shares fell 2.8% in premarket trading after RBC Capital Markets downgraded the stock to "sector perform" from "outperform." Rigel Pharma (RIGL) – Rigel's stock soared 34% in the premarket after the FDA approved its drug to treat a certain type of leukemia. PagerDuty (PD) – The cloud computing company's stock jumped 6.6% in premarket trading after it reported an unexpected quarterly profit.
Marvell Technology (MRVL) gets multiple price target cuts. Here's a switch: Citi is RAISING its price target on FedEx (FDX) to $190 per share from $165. So price target cuts on Wall Street and the stock down more than 11% in the premarket. The work management platform issues disappointing operating income and lots of analyst price target cuts. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
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