Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Ambarella, PVH, Campbell Soup Rise Premarket; Crowdstrike Falls

Published 01/09/2021, 13:32
Updated 01/09/2021, 13:32
© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Wednesday, September 1st. Please refresh for updates.

  • Crowdstrike (NASDAQ:CRWD) stock fell 3.3% amid concerns over its heightened valuation despite the cybersecurity company beating quarterly earnings and raising full-year guidance for the second time this year. The stock has risen sixfold during the pandemic and is up over 10% this month alone.

  • PVH Corp (NYSE:PVH) stock rose 9.3% after the owner of clothing brands like Tommy Hilfiger and Calvin Klein reported strong quarterly results and provided optimistic third-quarter guidance. 

  • Nio (NYSE:NIO) ADRs fell 5.1% as the Chinese electric car manufacturer cut its outlook for deliveries in the ongoing quarter, citing uncertainty over semiconductor supplies.

  • Sunrun (NASDAQ:RUN) stock rose 6.7% after JPMorgan (NYSE:JPM) added the solar company to its ‘top ideas’ list, saying the recent dip in its stock price has made a play too good to turn down.

  • Campbell Soup (NYSE:CPB) stock rose 0.8% with the food company beating expectations for the current quarter even as it forecast fiscal 2022 earnings below market estimates. It cited higher packaging, ingredients and transportation expenses.

  • Intuit (NASDAQ:INTU) stock rose 0.6% after Bloomberg News reported that the company is in talks to buy e-mail marketing firm Mailchimp for more than $10 billion.  

  • Ambarella (NASDAQ:AMBA) stock rose 9.8% after the semiconductor design company, which counts GoPro amongst others as customers, beat quarterly expectations, and guided for an even stronger third quarter. 

  • Koninklijke Philips (NYSE:PHG) ADRs rose 2.1% with the Dutch health technology company stating it will start repairing and replacing millions of respiratory devices in the United States and most of its other markets this month.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.