By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, November 17th. Please refresh for updates.
-
Kohl's (KSS) stock fell 3% after the retailer withdrew its 2022 sales and profit forecasts, citing an uncertain economic outlook and the departure of top boss Michelle Gass.
-
Macy's (M) stock rose 5% after the upscale department store chain raised its annual profit forecast on resilient demand from wealthier shoppers.
-
Cisco (CSCO) stock rose 4.2% after the company beat first quarter revenue estimates, as easing supply chain constraints helped meet demand for its broad networking products portfolio.
- Sonos (SONO) stock rose 2.6% after the wireless home sound system maker beat fourth quarter earnings and revenue expectations while announcing a new common stock repurchase program of up to $100 million.
-
Alibaba (BABA) stock fell 1.3% after the Chinese e-commerce giant reported a surprise loss after a smaller-than-expected rise in quarterly revenue as COVID-19 curbs and a worsening economic outlook stifled consumer spending.
-
Bath & Body Works (BBWI) stock soared 21% after the retail chain raised its full-year guidance following stronger-than-expected third quarter results.
-
Activision Blizzard (ATVI) stock fell 0.9% after the video game developer announced it was ending its 14-year partnership with Chinese gaming company NetEase (NTES), down 0.7%, shutting down hit games like World of Warcraft in China.