Peter Nurse 

Investing.com — Focus on stocks in premarket trading Wednesday, November 24,th Refresh to see the most recent updates.

• Gap (NYSE:) stock slumped 20% after cut its full-year forecast, expecting an up to $650 million hit to revenue following factory closures in Vietnam, a region that accounts for 30% of the company’s production.

• NordstromStock fell 25% on the news that the retailer had warned about product shortages in its stores ahead of the holidays. However, the company reported a rise in its costs as it invested more in staffing the stores due to labor shortages.

• HPStock rose 4.9% on the NYSE after following up strong Fourth-quarter results and a positive outlook for the Year.

• Dell TechnologiesStock rose 1.8% on the NYSE after the record quarter of the computer hardware firm, thanks to its strong PC sales growth.

• DeereStock rose 3.1% on the news that the manufacturer of heavy equipment reported an impressive increase in its fourth-quarter profits due to strong demand for its tractors, combines and other products.

• CVS Health (NYSE:) stock fell 0.6%, WalmartStock fell by 0.3% at the NYSE Walgreens Boots AllianceThe stock of (NASDAQ:) fell 0.4% after a Cleveland federal jury ruled that the pharmacies had been complicit.

• AutodeskStock in (NASDAQ) dropped 13% as the company lowered its revenue and profit guidance, and reduced its forecast billings.

• Chevron (NYSE:) stock rose 0.2% after RBC upgraded its stance on the oil major to ‘outperform’ from ‘market perform’, saying it has a relatively stable portfolio compared with its industry peers.

• Pure StorageThe stock of (NYSE:) rose 9.1% following the beating of quarterly expectations by tech company and the release of a stronger-than-expected quarter-end revenue outlook.