Before the opening bell, these stocks are moving noticeably.
Target’s stock increased by about 14% in the premarket following the retailer’s better-than-expected second-quarter earnings report. With $25.45 billion in revenue, earnings per share came in at $2.57. On revenue of $25.21 billion, analysts surveyed by LSEG predicted a profit per share of $2.18. For the entire year, Target, however, kept a cautious view.
JD.com — Following Walmart’s confirmation that it was selling its interest in the online retailer, shares of the Chinese internet company dropped by more than 8%.
MACY’S Due to competition from picky customers and increased promotions, the department store operator’s stock fell more than 6% after the company lowered its full-year sales projection. The company reported a mixed quarter, exceeding Wall Street’s forecasts for profitability but falling short on revenue.
Texas Instruments. Following Citi’s upgrade to buy from neutral, the tech stock increased by over 2%. Operating margins at Texas Instruments are expected to increase in the upcoming quarters.
Corning: The glassmaker’s shares increased 1.7% after Mizuho upgraded the company from neutral to outperform, citing a recent price decline as an alluring entry point for investors looking to enter an optical glass fibre industry with promising growth prospects.
Keysight Technologies: The electronics company’s stock increased by 11% following a weaker than anticipated decline in revenue during the third quarter of its fiscal year. LSEG reports that Keysight’s sales were $1.22 billion.
Toll Brothers: Following the homebuilder’s third-quarter financial reports, the shares saw a 1% increase. Profits per share exceeded analysts’ expectations.
Source (CNBC)
