Check out some of the most important premarket engines:
Stitch Fix (SFIX): Stitch Fix lost 20 cents per share in the last quarter, 2 cents per share less than analysts had predicted. The online clothing stylist’s revenue was lower than Wall Street forecasts and Stitch Fix cut guidelines for the fiscal year beginning in July due to extended cycle times. Stitch Fix does not recognize revenue until a customer completes a “Solution” when returning unwanted items and paying for retained items. Stitch Fix shares fell 24% ahead of the market.
Dick Sporting Goods (DKS): The sporting goods retailer reported quarterly earnings of $ 2.43 per share, 15 cents per share above estimates. Revenue also exceeded Wall Street forecasts. Comparable store sales increased 19.3%, compared to a consensus FactSet estimate of 17.1%. Dick also predicts a full-year profit of $ 4.40 to $ 5.20 per share, compared to a consensual Refinitive estimate of $ 5.15 per share. In addition, Dick’s announced a quarterly dividend increase of 16%. Shares fell 7.2% ahead of the market.
Thor Industries (THO): The recreational vehicle manufacturer reported quarterly earnings of $ 2.38 per share, well above the agreed-upon estimate of $ 1.55 per share. Revenue also exceeded forecasts. Thor warned that supply chain problems could have a negative impact in the short term, but the company is cautiously optimistic that these problems will subside during the second half of the year.
Children’s Place (PLCE): The children’s clothing retailer reported a quarterly profit of $ 1.01 per share, compared to a consensus estimate of a loss of 23 cents per share. Revenue also exceeded forecasts and a 1% increase in comparable in-store sales compares to a consensus FactSet estimate of 10.7%.
Baidu (BIDU) – Shares of China-based search engine giant jumped 6.4% ahead of market after news that it got approval from the Hong Kong Stock Exchange to list its actions.
Discovery Communications (DISCA): Discovery shares rose 3.9% in the pre-market, with the possibility of extending a seven-day winning streak that has allowed the media company’s shares to gain 31% in this period. It is among the very short stocks that have experienced strong gains recently.
Peloton (PTON): Peloton is expanding for the first time in the Asia-Pacific region, announcing plans to sell its fitness bike and interactive app for members in Australia starting in the second half of the year. ‘year. Peloton’s share gained 4.7% in premarketing shares.
Li Auto (LI), Nio (NIO), Xpeng (XPEV) – China-based electric vehicle manufacturers plan to make a list in Hong Kong as early as this year, people with direct knowledge told Reuters of the matter. . All three are already listed on U.S. stock exchanges, with Hong Kong listings potentially raising $ 5 billion combined. Li Auto rose 4.3% in the premarket, Nio gained 4.3% and Xpeng jumped 5.9%.
Zoom (ZM): Zoom CEO and founder Eric Yuan transferred approximately 40% of his stake to the video communications platform company, according to a statement from the Securities and Exchange Commission. The transfers, worth about $ 6 billion, were made to unspecified recipients of two trusts as gifts, and Zoom only said the transactions were part of Yuan and his wife’s estate planning process. Zoom increased 3.6% in premarket trading.
MoneyGram International (MGI): Blockchain Ripple and MoneyGram have terminated their partnership for unspecified reasons. Ripple had bought a $ 30 million stake in the payment services company in 2019, with the collaboration lasting two years. Ripple CEO Brad Garlinghouse said the companies were committed to reviewing the partnership in the future. MoneyGram fell 9.1% in the premarket.
Tesla (TSLA): Tesla rose 5% in the market after falling five consecutive sessions and losing 21% in that period. It is the third notable sale of Tesla shares in the last year, with a 20% drop in shares from recent highs, both in March and September 2020.
FirstEnergy (FE): Activist investor Carl Icahn is in talks with the utility company about the possibility of occupying two seats on the council, according to people familiar with the matter who spoke with Bloomberg. Icahn is said to have built a “considerable” stake in FirstEnergy and wants to help the company put behind a federal corruption scandal and other issues.
Del Taco (TACO) – Del Taco reported quarterly earnings of 20 cents per share, surpassing the consensus by 6 cents per share. Restaurant chain revenues slightly exceeded Wall Street forecasts. Comparable restaurant sales increased 3.8% during the quarter. Del Taco shares added 3.2% in the premarketing stock.