By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, May 27th. Please refresh for updates.
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Snowflake (NYSE:SNOW) stock fell 3.7% after the data-analytics software company reported an increase in its net loss in the first quarter to $203.2 million from $93.6 million a year ago, and barely met expectations for product revenue, the company’s main source of total revenue.
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Nvidia (NASDAQ:NVDA) stock rose 0.5% after the chip maker reported better-than-expected earnings and sales for the first quarter even as it expressed uncertainty over the impact of the volatile cryptocurrency-mining market.
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Best Buy (NYSE:BBY) stock rose 2.4% after the retailer’s sales grew 36% in the fiscal first quarter, as shoppers’ stimulus-fueled spending spree included consumer electronics.
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Ford (NYSE:F) stock rises 2.7% after RBC upgraded the auto giant to ‘outperform’ from ‘sector perform’, saying the company’s new electric car strategy should sees a resurgence in investors’ interest.
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Williams-Sonoma (NYSE:WSM) stock rose 3.2% after the home furnishings retailer reported better-than-expected first-quarter earnings and lifted its full year outlook, helped by the working from home situation.
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AMC Entertainment (NYSE:AMC) stock fell 3.9%, handing back some of Wednesday’s near 20% gain as speculative trading in this Reddit-favored stock increased once again.
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Vertex Energy (NASDAQ:VTNR) stock soared 100% after agreeing to buy Royal Dutch Shell (LON:RDSa)'s refinery in Mobile, Alabama for $75 million, a deal Vertex (NASDAQ:VRTX) described as “transformational”.
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Dollar General (NYSE:DG) stock fell 1.3% after net sales at the discount store chain fell in the first quarter, even as the company raised its fiscal 2021 profit forecast.
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Dollar Tree (NASDAQ:DLTR) stock dropped 6.2% after the discount store operator issued a lower-than-expected earnings outlook for the full year, despite beating estimates on the top and bottom lines on higher demand from cost-conscious shoppers.
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Royal Dutch Shell (NYSE:RDSa) ADR fell 1.2% after a Dutch court ruled that the oil major must cut carbon emissions by 45% by 2030, a much higher reduction than the company’s current aim.
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Occidental Petroleum (NYSE:OXY) stock rose 1.5% after Goldman Sachs (NYSE:GS) upgraded its investment stance to ‘buy’ from ‘neutral’, saying higher oil prices will help the exploration company pay down its debts.