Gap, Foot Locker, Ross Stores rise premarket; Williams-Sonoma falls

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Gap, Foot Locker, Ross Stores rise premarket; Williams-Sonoma falls
Credit: © Reuters.

By Peter Nurse   

Investing.com -- Stocks in focus in premarket trade on Friday, November 18th. Please refresh for updates.

  • Gap (NYSE: GPS ) stock rose 8.9% after the retail chain beat quarterly sales and profit expectations, helped by steady demand for its formal clothing and dresses from affluent consumers despite a surge in inflation.

  • Foot Locker (NYSE: FL ) stock rose 14% after the sportswear company lifted its full-year expectations after reporting an unexpected rise in same-store sales in the third quarter.

  • JD.com (NASDAQ: JD ) stock rose 1.4% after the Chinese e-commerce company reported strong quarterly results as Covid-related lockdowns in China prompted more consumers to shop online.

  • Ross Stores (NASDAQ: ROST ) stock rose 16% after the discount retailer raised its full-year profit forecast after its third-quarter results beat expectations, despite higher prices and expected markdowns for the holiday season.

  • Williams-Sonoma (NYSE: WSM ) stock fell 8.4% after the home and kitchen retailer declined to reiterate or update guidance through fiscal year 2024, citing macro uncertainty. 

  • Palo Alto Networks (NASDAQ: PANW ) stock rose 9.2% after the cybersecurity company beat third-quarter estimates and announced the acquisition of Cider Security for $195 million in cash. 

  • Walgreens Boots (NASDAQ: WBA ) stock rose 2% after JPMorgan upgraded its stance on the pharmacy chain to ‘overweight’ from ‘neutral’, citing its shift toward a larger health care operation.

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