Universal Display Corporation (NASDAQ:OLED) saw shares surge over 11% in pre-market at US$111 as the firm basked in Apple (NASDAQ:AAPL) related news.
The world's most valuable tech group is reportedly planning to use OLED screens in all three of its iPhone models slates to launch next year.
That means screens should be able to offer deeper blacks and higher contrast than LCD-based displays.
It is worth noting that Samsung’s Galaxy S9, Google’s Pixel 2, and OnePlus’ recent models all come with OLED screens.
The iPhone X has been the first phone from Steve Jobs led Apple to feature an OLED screen.
Apple shares shed 0.57% to stand at US$187.50.
Apple Adopting OLED Displays for All Three 2019 iPhones https://t.co/WiZXsGh2UZ by @eslivka pic.twitter.com/xJ4jGg6tDP
— MacRumors.com (@MacRumors) 29 May 2018
In other pre-market news, oil services giant Halliburton Company (NYSE:HAL) shares dropped 2.85% to US$48.76 despite it inking a deal with Saudi Aramco - the Saudi oil firm.
"Over the past three years, Saudi Aramco has made great strides in developing our unconventional resources program, with emphasis on unconventional gas as an important clean energy source for the Kingdom’s future,” Amin H. Nasser, president and chief executive of Saudi Aramco, said in a statement.
The new agreement, it was reported, will provide lump sum turnkey stimulation services, which include major hydraulic fracturing and well intervention operation.
Meanwhile, Salesforce.com Inc (NYSE:CRM) shares shed 0.36% to US$127.50 before the New York bell as the investment giant Morgan Stanley has high hopes for its first quarter earnings today.
It sees a good chance of the tech firm meeting its US$22bn revenue goal by 2022 and could see a share price rise of 37% by next year.
Analysts are especially keen to see how the impact of the US$6.8bn acquisition of MuleSoft, which closed on May 2 will affect the firm.
Finally, Booz Allen Hamilton Holding Corp (NYSE:BAH) saw shares nudge 0.34% higher to US$41.79 as its fourth quarter EPS (earnings per share) came in at US$0.52 - better than the analyst estimates of US$0.46 but revenue for the three months was a miss - at US$1.64bn versus the consensus estimate of US$1.67bn.