By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, May 26th. Please refresh for updates.
-
Nordstrom (NYSE:JWN) stock fell 7% after the department store chain posted a bigger-than-expected quarterly loss after the close Tuesday, hurt by price markdowns as the company tried to get rid of excess holiday inventory and increasing competition in the retail sector.
-
Urban Outfitters (NASDAQ:URBN) stock rose over 10% after the specialty retailer reported better-than-expected quarterly earnings, driven by strong double-digit growth in digital channel sales.
-
Dick’s Sporting Goods (NYSE:DKS) stock rose 6.9% after the sports retailer posted a strong fiscal first-quarter earnings and lifted its full-year outlook, citing a boost from more kids returning to team sports.
-
Capri Holdings (NYSE:CPRI) stock rose 2% after the parent of brands like Michael Kors, Jimmy Choo and Versace beat estimates with its quarterly results, and forecast annual revenue and profit above expectations, betting on shoppers returning to stores in the United States following speedy vaccinations and pent-up demand for luxury goods in Europe.
-
Abercrombie & Fitch (NYSE:ANF) stock rose 6.4% after the clothes retailer beat expectations in the first quarter, helped by a jump in digital sales and higher profit margins.
- Ford (NYSE:F) stock rose 2.1% after the auto giant outlined plans to boost spending on its electrification efforts by more than a third, aiming to have 40% of its global volume all electric by 2030.
-
Zscaler (NASDAQ:ZS) stock rose over 10% after the cloud-based information security company reported better-than-expected third-quarter earnings results. BMO upgraded its stance to ‘outperform’ from ‘market perform’ after the earnings beat, saying the stock can rise 30%.
-
Toll Brothers (NYSE:TOL) stock rose 0.8% after the luxury home builder beat expectations for its first-quarter earnings and revenue, helped by low mortgage rates and a limited supply of homes for sale.
-
Johnson Controls (NYSE:JCI) stock rose 1.6% after Barclays upgraded its stance on the industrial company to ‘overweight’ from ‘equal weight’, saying it offers a bet on a longer-term growth cycle.
- Agilent Technologies (NYSE:A) stock rose 2.2% after the healthcare equipment company posted better-than-expected second-quarter earnings.