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Lowe’s reported second-quarter earnings that beat analyst expectations.
Justin Sullivan/Getty Images
Equity futures rose on Tuesday as tech stocks rose, ending a four-session losing streak.
S&P500
and
Nasdaq Composite.
US Treasury markets stabilized on Tuesday after 10-year Treasury yields reached their highest level since November 2007 on Monday.
These stocks were ready to move on Tuesday.
Lowes
(Ticker: LOW) Second-quarter earnings of $4.56 per share beat Wall Street estimates of $4.47 per share. Same-store sales fell 1.6% in the quarter, down from the 2.6% expected by analysts. Home improvement retailers held firm to their outlook for the fiscal year, citing a strong recovery in the spring. The stock rose 2.3% in pre-market trading.
dicks sporting goods
(DKS) fell 19% after the company cut its earnings guidance for the year and posted lower-than-expected second-quarter earnings. The retailer cites a “dramatic reduction in inventory”, or theft, as part of the mistake.
Fabricette
High Tech Manufacturing Services Company (FN) FY1st Quarter Forecast It was better than expected. Fourth quarter adjusted profit and sales also beat expectations
Fabricette
“Datacom revenue has grown tremendously with new AI products,” he said. Shares were up 20% in pre-market trading.
U.S. Listed Stocks
Baidu
BIDU was up 4.2% in pre-market trading after the Chinese tech giant posted quarterly earnings that beat analyst expectations.
Aprobin
(APP) rose 3.8% after Jefferies upgraded software maker stocks from hold to buy.
Tesla
(TSLA) was up 3.5% in pre-market trading after closing 7.3% higher on Tuesday, ending a six-day losing streak. Shares were boosted when Baird analyst Ben Kallo put the electric-car maker on his list of “best ideas” following the second-quarter results. Kallo expects several catalysts in the coming months.
Tesla
.
Nordson
(NDSN) reported third-quarter profit and revenue declined year-on-year, with the industrial automation company citing “continued weakness in demand in the electronics and biopharmaceutical end markets”. I’m here. The company also lowered its earnings guidance for the current year. Shares fell 3.5%.
shares of
Zoom video communication
(ZM) rose 3.3% in pre-market trading after the videoconferencing company’s adjusted second-quarter profit and revenue beat analyst expectations. Zoom Video’s third-quarter and full-year forecasts also beat expectations. The company also touted new artificial intelligence features. “We continue to innovate and extend our platform to bring value and productivity gains to our customers with new AI capabilities such as Zoom IQ Meeting Summary and Team Chat Compose,” said CEO Eric Yuan in a statement. said in
BJ’s Wholesale Club
(BJ) fell 2.5% as retailers fell Full-year outlook revised downward Amid macroeconomic pressures on customers.
Macy’s
(M) fell 1.4% after retailers delivered better-than-expected second-quarter earnings, but remained on guidance given the continued macroeconomic pressures facing shoppers. said it was taking a cautious approach.
Email Joe Weelfel (joseph.woelfel@barrons.com).