Stock Groups

Macy’s, Twitter, Dollar General Rise Premarket; Nvidia, Apple Fall -Breaking

by Mike Robinson

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Peter Nurse

Investing.com — Focus on stocks premarketOn Thursday, May 26,th you can trade. Refresh to see the most recent updates.

  • NvidiaThe stock of (NASDAQ:) fell 4.2% following warnings from the chipmaker that its sales in China, Russia and China would be reduced by $500 million. This was due to slowing gaming demand.

  • SnowflakeStock fell more than 13% on the NYSE after data analytics software manufacturer, Data Analytics Software Corporation issued disappointing guidance. They expect their adjusted operating margins to be negative for this quarter.

  • Apple(NASDAQ) Stock fell 1.2% when Bloomberg reported that the company will not be increasing production of iPhones this fiscal year because China’s lockdowns have affected its business.

  • TwitterStock rose 5.7% following a filing showing that Elon Musk, a billionaire, increased his personal commitment to buy the social networking site by $6.25 Billion to $33.5 Billion. He was also in discussions with shareholders to make additional funding commitments.

  • Macy’sThe stock of (NYSE:) jumped 14.2% following the Department Store raised its full year profit forecast. This was due to strong apparel demand from returning workers and other social events.

  • VMware (NYSE:) stock rose 1.5% after Broadcom(NASDAQ:) fell 1.8% to announce that it would buy the cloud provider as part of a $61 billion cash and stock deal. This will allow the chipmaker to diversify its business into enterprise-level software.

  • Dollar General(NYSE) Stock rose 11% as the discount-store operator increased its annual sales forecast. As more Americans looked for bargains, with rising inflation,

  • Alibaba ADRs went up 4.4% following the Chinese giant in ecommerce beat market expectations. The increase was driven by increased demand for its cloud services and ecommerce. Lockdowns in major cities have compelled more remote work.

  • Williams-SonomaThe stock of (NYSE:) rose 9.1% following strong results for the first quarter. High net-worth customers continue to spend despite rising inflation.

  • Southwest AirlinesThe stock of (NYSE:) rose by 2% following an increase in operating revenue for the second quarter. This is due to strong travel demand rebounding from lows during pandemic.

  • Dollar TreeThe stock of (NASDAQ:) rose more than 15% following an increase in sales forecasts for the year by the discount retailer. Customers were looking for lower prices as high inflation has reduced their purchasing power.

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