Kohl's Shares Surge Amid Meme Stock Frenzy
Shares of Kohl's (NYSE:KSS) surged over 62% in premarket trading amid speculation of a short squeeze, with the stock experiencing a trading halt; the company has also been the subject of acquisition rumors.
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Premarket Trading
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Super Micro Stock Faces Uncertain Future Amid Continued Decline
Super Micro Computer's shares have dropped by 10% in premarket trading, continuing a downward trend for the company. This decline is part of a broader movement in the tech sector, affecting related stocks and market dynamics.
"Premarket Trading: AstraZeneca, Paramount, Nike, and Other Stocks on the Move"
AstraZeneca's stock rose after an upgrade from Jefferies following positive results in a breast cancer therapy trial. Urban Outfitters and Foot Locker saw their stocks downgraded by Jefferies due to potential consumer spending pullbacks. Dow's stock rose after an upgrade from JPMorgan, citing potential upside from higher oil prices. Nike's stock slipped after a downgrade from Jefferies, citing wholesale pressures and macro headwinds in China. Opendoor Technologies' stock fell after Citi cut its price target, expressing concerns about the low number of preexisting homes on the market. Chinese e-commerce stocks, JD.com and PDD Holdings, lost value as sentiment around China's economy worsened. Media stocks rose after a preliminary labor agreement was reached between writers and studios. HP's stock fell after Berkshire Hathaway sold a significant number of shares. Sealed Air's stock jumped after an upgrade from Citi, citing a discounted valuation and potential portfolio transformation. Nio's stock fell on news of the company considering raising $3 billion from investors.
Autodesk's Strong Q2 Performance Drives Digital Momentum
Autodesk's shares are rising in premarket trading after the company reported strong fiscal second-quarter earnings, indicating that it is on track for several years of digitization momentum. Analysts are optimistic about the company's performance.
Fortinet Stock Plunges on Weak Guidance, Cybersecurity Sector Follows Suit
Fortinet stock experienced a significant drop in premarket trading after the company revealed that deals were being delayed due to macroeconomic uncertainty, causing other cybersecurity stocks like Palo Alto and CrowdStrike to also decline.
GM Surpasses Earnings Expectations, Raises Guidance and Implements Cost-Cutting Measures
General Motors reported better-than-expected second-quarter earnings and raised its financial guidance, leading to a rise in the company's stock price during premarket trading.
Tesla's Stock Continues to Plummet After Multiple Downgrades by Wall Street Firms.
Tesla's stock has received its fourth consecutive downgrade, causing it to fall in premarket trading. This streak is not ideal for investors.
Tech Giants Drive Stock Market Surge: Microsoft, Amazon, Alphabet, Activision, Enphase, First Republic, and Boeing.
Microsoft's stock rose 7.4% in premarket trading following better-than-expected earnings and guidance, putting it on track for its biggest percentage gain since November 2022 and a potential record price gain. The surge in Microsoft's stock could add about 134 points to the Dow's price, but Dow futures fell 0.1%.