During Market hours yesterday — (Tuesday – 23.08.2022)
- The Dow (Symbol: DIA) went down -0.50%. The S&P 500 (Symbol: SPY) lost -0.24%. and the Nasdaq (Symbol: QQQ) fell -0.08%.
- Twitter (Symbol: TWTR) — Shares of the social media network fell -7.3% after a whistleblower at the company filed complaints with the Securities and Exchange Commission, Federal Trade Commission and Justice Department alleging “extreme, egregious deficiencies by Twitter” related to privacy, security and content moderation.
- Palo Alto Networks (Symbol: PANW) — Shares of Palo Alto Networks jumped +12.1% after the company reported an earnings beat Monday, driven by strong billings up 44% in the quarter. The cybersecurity company also raised its quarterly and full-year guidance, boosted its buyback program and announced the approval of a 3-for-1 stock split.
- JD.com (Symbol: JD) — Shares of the e-commerce company based in China rose +3.4% after the company exceeded analyst expectations on the top and bottom lines in the recent quarter. JD.com also said that annual active customer accounts rose 9.2%.
- XPeng (Symbol: XPEV) — XPeng sank –10.8% after posting a wider-than-expected loss in the previous quarter. The China-based electric vehicle company topped revenue expectations but said deliveries nearly doubled from the year-ago period.
- Pinduoduo (Symbol: PDD) — The e-commerce stock jumped +5.4% amid news that it’s reportedly preparing to launch an international e-commerce platform next month targeting North America.
During Premarket hours today — (Wednesday – 24.08.2022)
- Nordstrom (Symbol: JWN) – Nordstrom shares tumbled -13.2% in the premarket after the retailer cut its full year outlook, saying foot traffic had diminished at the end of its most recent quarter and that it was aggressively working to cut inventory levels. Nordstrom reported better than expected profit and revenue for its second quarter.
- Toll Brothers (Symbol: TOL) – Toll Brothers slid -2.6% in premarket trading after the luxury home builder cut its deliveries guidance for the year amid supply chain issues and labor shortages. For its most recent quarter, Toll Brothers reported better than expected earnings but saw revenue fall short of Street forecasts.
- Bed Bath & Beyond (Symbol: BBBY) – Bed Bath & Beyond surged +29.38% in premarket action after the Wall Street Journal reported that the housewares retailer had lined up financing to shore up its liquidity.
- Urban Outfitters (Symbol: URBN) – Urban Outfitters fell -2.8% in the premarket after the apparel retailer reported lower than expected quarterly profit. Urban Outfitters saw improved sales in its stores as customer traffic increased, but also reported a decline in digital sales.
- Advance Auto Parts (Symbol: AAP) – Advance Auto Parts stumbled -6.5% in the premarket after missing analyst estimates on both the top and bottom lines for its latest quarter, as well as lowering its outlook. The auto parts retailer said inflation and higher fuel costs had a negative effect on its do-it-yourself business during the quarter.
- Intuit (Symbol: INTU) – Intuit jumped +5.8% in premarket trading after beating Street forecasts for quarterly profit and revenue and issuing an upbeat forecast. The provider of financial software also raised its quarterly dividend by 15% and increased its share buyback authorization.
- Farfetch (Symbol: FTCH) – The luxury e-commerce specialist’s stock soared +15.9% in premarket action, following its deal to buy 47.5% of online fashion retailer YNAP from Switzerland’s Richemont for more than 50 million Farfetch shares.
*Any information contained in this article, including any information contained in external third party links, if any, is solely for informational purposes and does not contain, or should not be construed as containing, investment advice or an investment recommendation, or, an offer of or solicitation for any transactions in financial instruments. Past performance does not guarantee or predict future performance. Colmex Pro Ltd does not take into account your personal investment objectives or financial situation and makes no representation, and assumes no liability to the accuracy or completeness of the information provided, nor for any loss arising from any investment based on presented information.