A Walmart shopping bag is seen in Krakow, Poland on February 9, 2024.
Jakub Porzycki | Nurfoto | Getty Images
Check out the companies that are trending in pre-market trading.
under armor — The sportswear maker’s Class A shares fell 11% and its Class C shares fell 9% after the company announced a lower-than-expected full-year profit outlook. Under Armor now expects to earn between 18 cents and 21 cents, compared to the 59 cents expected by analysts polled by FactSet.
canada goose — The coat maker soared more than 12% after fiscal fourth-quarter sales and profits beat Wall Street expectations. Canada Goose said one of its key margin metrics this year is “approximately 100 basis points wider compared to fiscal 2024.”
walmart — The retail giant jumped 4.7% after reporting first-quarter adjusted earnings of 60 cents per share, beating the 52 cents expected by analysts surveyed by LSEG. Revenue of $161.5 billion exceeded the consensus estimate of $159.5 billion. Walmart said it has made big profits in e-commerce and attracted more high-income shoppers.
Chub — Shares of the insurance company rose more than 8.1% before the opening bell Thursday after Warren Buffett’s Berkshire Hathaway revealed that Chubb was a stock the conglomerate had secretly amassed. Berkshire bought about 26 million shares for about $6.7 billion, making it the second-largest holder of Chubb stock, according to regulatory filings.
Cisco Systems – Network equipment stocks rose 3% after the company reported better-than-expected third-quarter results. Cisco Systems also raised its 2024 revenue outlook, saying it expects revenue to be $53.7 billion at the midpoint of the range.
Meme Stocks — Stocks of AMC and game stop Losses widened on Monday and Tuesday as meme stocks resumed activity. Shares of movie theater chain AMC fell nearly 11% on Thursday, and GameStop lost about 14%. But over the past week, AMC and GameStop stock prices have soared more than 80% and 140%, respectively.
Dear & Company — Agricultural machinery manufacturers fell nearly 6% after lowering their full-year forecasts. Mr. Deere now expects net income to be about $7 billion in 2024, compared to a previous estimate of $7.75 billion.
Baidu –Share prices of Chinese high-tech companies rose less than 1% after the first quarter results were announced. According to Street Accounts, Baidu reported revenue of 31.51 billion yuan ($4.7 billion), higher than analysts’ expectations of 31.34 billion yuan.
Good RX —Healthcare stocks rose about 6% after Raymond James upgraded the stock to Outperform early Thursday. “There’s potential for upside in the numbers and we like the growth story here,” said analyst John Ransom, noting that the company’s full-year outlook is relatively conservative.
Coupang — The Seattle-based e-commerce company rose 3.1%. UBS upgraded the stock to neutral buy, citing its “expanding portfolio and strong logistics network.”
Dell — Evercore ISI shares rose 2% after the company raised its price target, thanks to what the company said is expanding opportunities in artificial intelligence that could include Tesla as a customer.
meta platform — Shares fell 0.5% after the European Union launched an investigation into Meta, which centered on child safety concerns on social media platforms Facebook and Instagram.
— CNBC’s Michelle Fox, Ha-Kyung Kim, Sara Min, Samantha Soobin and Jesse Pound contributed reporting.
