By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, September 2nd. Please refresh for updates.
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AMC Entertainment (NYSE:AMC) stock rose 13% after the movie theater operator said that 70% of its U.S. theaters would resume operations this weekend. The bulk of reopenings are slated for Thursday, with seven theaters expected to open in and around San Diego on Friday.
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DraftKings (NASDAQ:DKNG) stock soared 14% after basketball legend Michael Jordan joined the betting company as a special advisor, taking an equity interest in the company as part of the deal.
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Macy’s (NYSE:M) stock rose 5.1% after the retailer reported better-than-expected quarterly sales, despite an adjusted loss, helped by strong growth in its digital sales,
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Visa (NYSE:V) stock rose 0.5% after the global payments company said overall spending on its cards by U.S. consumers climbed in July and August even after elevated unemployment benefits expired.
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Guess (NYSE:GES) stock rose 22% after easily beating expectations for its fiscal second quarter, while still posting a loss, and reinstating its quarterly dividend.
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Brown Forman (NYSE:BFb) stock rose 2.3% after beating expectations with its first-quarter results, despite its gross margin contracted given growth in its lower-priced brands.
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Unilever (LON:ULVR) (NYSE:UL) ADRs rose 1.4% after the household goods conglomerate announced plans to invest over $1 billion to drop fossil fuels from cleaning products by 2030.
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Netflix (NASDAQ:NFLX) stock rose 0.2% after the streaming giant agreed a partnership with Russia's National Media Group to run the U.S. group's Russian service.
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Shoe Carnival (NYSE:CCL) (NASDAQ:SCVL) stock fell 13% after the footwear and accessories retailer posted disappointing second-quarter sales, hit by delays in back-to-school shopping.
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AT&T (NYSE:T) stock fell 0.1% after Reuters reported that the telecom giant is exploring a sale of its advertising unit Xandr, potentially reversing plans to transform from a wireless carrier to a media and advertising powerhouse.