Stock Groups

Dick’s Sporting, Express, Wendy’s and more


Take a look at the top companies that made headlines long before the bell rang.

Dick’s Sporting Goods (DKS) – The sporting goods retailer’s shares slid 14.4% in the premarket after it issued a weaker-than-expected outlook for the full year as it adjusts for what it calls challenging macroeconomic conditions. Dick’s has reported a higher-than-expected quarter’s profit and revenue, with comparable store sales falling less than forecast.

Express (EXPR) – The apparel retailer’s shares jumped 11.8% in premarket trading after reporting quarterly results that were better than expected. Express suffered an adjustment 10 cents per share loss, which was less than analysts expected. Revenue also exceeded forecasts. Express increased its outlook for full-year comparable-store sales.

Wendy’s (WEN) – Wendy’s rallied 8.8% in premarket action after long-time shareholder Trian Fund Management said it was exploring an acquisition or other potential deal for the restaurant chain. Trian, which holds a 19.4% share of the company, is its largest shareholder.

Dell Technologies (DELL) – Dell added 1% in premarket trading after Evercore added the information technology company to its “Tactical Outperform” list. Evercore is confident that IT demand trends will continue to be strong enough for Dell to report quarterly earnings on Thursday.

Lyft (LYFT) – Lyft plans to cut budgets and slow hiring, moves similar to those recently announced by ride-sharing rival Uber Technologies (UBER). Lyft stock is down over 60%, with a 17% drop Tuesday.

Nordstrom (JWN) – Nordstrom rose 5.3% in the premarket after the retailer raised its annual sales and profit forecast, a contrast to other big box retailers. Nordstrom reported a slighter-than-expected loss in the first quarter. However, sales rose 23.5% to surpass pre-pandemic levels.

Intuit (INTU) – Intuit shares rose 2.5% in premarket trading after reporting better-than-expected quarterly profit and revenue. Financial software firm Intuit raised its quarter-end outlook due to improved QuickBooks business performance and acquisition of Mailchimp email marketing agency.

Toll Brothers (TOL) – Toll Brothers stock rallied 3.5% in premarket action after the luxury home builder beat top and bottom-line estimates for its latest quarter. Toll Brothers stated that although demand is still strong, it has slowed due to higher mortgage rates as well as changing macroeconomic conditions.

Urban Outfitters (URBN) – Urban Outfitters fell 1.6% in premarket trading after first-quarter results that fell shy of analyst forecasts on both the top and bottom lines. Urban Outfitters also highlighted the impact inflation had on its business, including increased costs of raw materials and transport.