During Market hours Yesterday (Wednesday – 25.05.2022)

  • 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%.
  • Dell Technologies (Symbol: DELL) – Shares gained 5.9% after Evercore added the PC maker to its “Tactical Outperform” list. Dell is set to report earnings Thursday.
  • Nordstrom (Symbol: JWN) – Shares of the department store soared 14% after the company reported fiscal first-quarter sales that came in ahead of analysts’ estimates. Nordstrom also hiked its financial outlook for the full year, citing momentum in the business.
  • Intuit (Symbol: INTU) – Shares jumped 8.2% after the tax software company topped earnings expectations and raised its outlook for the current quarter. Intuit also got a boost from strong performances by some of its brands, including Credit Karma.
  • Urban Outfitters (Symbol: URBN) – Urban Outfitters rallied 15.5% despite a weaker-than-expected first-quarter report. Like other retailers, Urban Outfitters highlighted the negative impact of inflation on its operations including higher costs for raw materials and transportation.

During Premarket hours today (Thursday – 26.05.2022)

  • Macy’s (Symbol: M) – Macy’s surged 15% in the premarket after reporting better-than-expected profit and revenue for the first quarter and raising its full-year earnings forecast. Results got a boost from strong apparel demand as people returned to work and other out-of-home activities.
  • Twitter (Symbol: TWTR) – Twitter shares rose 5.6% in the premarket, following news that Elon Musk will commit more of his own wealth to finance his $44 billion takeover deal for the company. An SEC filing showed Musk committed $33.5 billion in equity, up from the prior $27.25 billion.
  • Alibaba (Symbol: BABA) – The China-based e-commerce giant’s latest quarterly earnings and revenue beat analyst estimates, helped by increased online demand amid China Covid-19 lockdowns. Alibaba shares added 4.5% in premarket action.
  • Baidu (Symbol: BIDU) – Baidu jumped 5.6% in premarket trading, as the search engine giant beat estimates in its latest quarter despite a negative impact from Covid lockdowns in China. Baidu saw strong growth during the quarter for its cloud-based services.
  • Nvidia (Symbol: NVDA) – Nvidia slid 4.2% in the premarket after the graphics chip maker issued weaker-than-expected guidance for its current quarter, pointing to supply chain issues and slower business in Russia. Nvidia reported better-than-expected profit and revenue for its latest quarter.
  • Nutanix (Symbol: NTNX) – Nutanix stock plunged 35.4% in premarket trading after the cloud computing company issued a weaker-than-expected forecast. Nutanix cited supply chain issues that impacted its hardware partners, among other factors.

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