Macy’s (M) – Macy’s stock soared 9.6% in the premarket after the retailer reported better-than-expected profit and revenue. Same-store sales fell less than expected and the company also raised its earnings outlook.
BJ’s Wholesale (BJ) – BJ’s added 2.4% in premarket trading after beating analyst forecasts on both the top and bottom lines for its latest quarter. The warehouse retailer also reported better-than-expected comparable store sales and raised its full-year forecast.
Kohl’s (KSS) – Kohl’s slid 3.8% in premarket action after it withdrew its financial forecast, citing various uncertainties including macroeconomic conditions and the departure of CEO Michelle Gass.
Alibaba (BABA) – The China-based e-commerce giant reported better-than-expected earnings but revenue fell short of analyst forecasts. The company also increased its share buyback program. Alibaba fell 1.8% in the premarket.
Nvidia (NVDA) – Nvidia rose 1.2% in the premarket following better-than-expected revenue for the third quarter and a number of analysts predicting a rebound in the spring of 2023. The company also missed bottom-line estimates for its latest quarter and issued a tepid sales forecast as demand for its video gaming chips wanes.
