During Market hours Yesterday
(Wednesday – 01.06.2022)

  • The Dow (Symbol: DIA) went up 0.59%. The S&P 500 (Symbol: SPY) earned 0.88% and the Nasdaq (Symbol: QQQ) gained 1.4%.
  • Salesforce  (Symbol: CRM) — Shares of the enterprise-software maker jumped 9.9% after the company’s stronger-than-expected quarterly earnings report. Salesforce also lifted its full-year earnings guidance, but reduced its guidance for revenue. The company said it’s slowing down in hiring and isn’t looking to make another big purchase at this point after its acquisition of Slack.
  • Delta (Symbol: DAL) — The stock fell 5.2% after the airline said it expects sales in the current quarter to return to prepandemic levels. Delta Air Lines said greater travel demand from consumers who are willing to pay higher ticket fares helped offset the spike in energy prices.
  • Victoria’s Secret (Symbol: VSCO) — Shares of the intimate apparel retailer surged 8.9% after reporting a beat on earnings in the recent quarter. Victoria’s Secret reported adjusted earnings per share of $1.11, as compared with analysts’ estimates of 84 cents. Revenue came in at $1.48 billion, falling in line with expectations.
  • Stanley Black & Decker (Symbol: SWK) — The manufacturing company saw its shares fall 3.4% after its board named Donald Allan, the current president and chief financial officer, as the company’s next CEO. Allan’s new role will take effect July 1. He will join the board and retain his title as president.
  • Warner Bros Discovery (Symbol: WBD) — Shares of the media and entertainment giant fell 4.3% after Wells Fargo reiterated the stock at overweight. The bank said the company is a solid opportunity for “patient” investors.

During Premarket hours today (Thursday – 02.06.2022)

  • Designer Brands (Symbol: DBI) — The footwear and accessories retailer reported better-than-expected profit and revenue for its latest quarter and raised its full-year profit outlook, although it cut its comparable-sales growth outlook. Designer Brands shares jumped 3.7% in the premarket.
  • Lands’ End (Symbol: LE) — The apparel retailer’s shares slid 10.2% in the premarket after the company reported a quarterly loss of 7 cents per share, 3 cents smaller than anticipated, but revenue fell short of Wall Street forecasts. It also issued a full-year earnings forecast of 60 cents to 88 cents per share, mostly short of the 87-cent consensus estimate.
  • GameStop (Symbol: GME) — GameStop rose 1% in premarket trading after posting a sales increase for its latest quarter as more people shopped in its stores, although it also saw its losses widen.
  • Hewlett Packard Enterprise (Symbol: HPE) — Hewlett Packard Enterprise fell a penny shy of estimates with adjusted quarterly earnings of 44 cents per share, while the enterprise computing company’s revenue was slightly short of Wall Street forecasts. The company said its profit margins are holding up well in the face of inflation and supply chain disruptions. The stock fell 4.9% in the premarket.

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