Shell, Dick’s Sporting Goods, SunPower and more
Check out these premarket movers:
Shell– After the market closes, U.S. shares traded in this energy giant increased by more than 2% Shell apologized for buying a shipment of Russian oil.According to the company, it would no longer make spot oil purchases from Russia and will close all other Russian operations.
Dick’s Sporting GoodsPremarket trading saw a retail stock gain more than 4 percent after Dick’s announced its fourth-quarter results. Refinitiv’s estimates showed that the quarter exceeded all expectations in adjusted earnings, revenue and margins. According to Refinitiv, the company reported that same-store sales increased 5.9% in Q4, which is faster than what was achieved before the pandemic.
Carnival Cruise Line, Norwegian Cruise Line Holdings — Cruise stocks rebounded on Tuesday morning after selling off sharply in the previous session. Premarket trading saw shares of Carnival and Norwegian rise more than 3 percent.
Enphase Energy, SunPower — Solar and other clean energy stocks moved higher in premarket trading as the continued rise in oil prices shifted focus toward alternative energy sources. Enphase Energy, SunPower and SunPower both rose by more than 3 percent in premarket trade.
Chevron, Exxon Mobil — Traditional energy stocks were pointing toward a strong open as oil prices moved higher once again on Tuesday morning. In premarket trading, Chevron shares and Exxon rose by around 1%.
Dish Network — The telecom stock rose more than 2% in premarket trading after Dell upgraded Dish to buy from neutral. In a note, the investment company stated that Dish’s spectrum holdings were undervalued.
Apple — Shares of the tech giant rose slightly in premarket trading on Tuesday. Apple is holding a product launch event later in the dayAnalysts on Wall Street expect that the company will announce a low-cost iPhone.