😎 Summer Sale Exclusive - Up to 50% off AI-powered stock picks by InvestingProCLAIM SALE

Macy's, Krispy Kreme Rise Premarket; DraftKings, SoFi Technologies Fall

Published 22-02-2022, 06:54 pm
© Reuters
CVX
-
PSHG_p
-
MDT
-
XOM
-
HD
-
M
-
VOWG_p
-
PII
-
HMHC
-
DKNG
-
SOFI
-
DNUT
-

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, February 22nd. Please refresh for updates.

  • Home Depot (NYSE:HD) stock fell 2.7% despite the home improvement chain beating quarterly same-store sales estimates, buoyed by steady demand for its tools, paint, and building materials.

  • Macy’s (NYSE:M) stock rose 7.4% after the department chain topped market expectations for comparable sales in the crucial holiday quarter, rejecting calls to split off its e-commerce operations from its stores.

  • SoFi Technologies (NASDAQ:SOFI) stock fell 2.9% after the Wall Street Journal reported that the online personal finance company is considering buying banking-software maker Technisys in an all-stock deal, potentially resulting in an equity dilution.

  • DraftKings (NASDAQ:DKNG) stock fell 5.2% after Wells Fargo downgraded its stance on the sports betting company to “equal weight” from “overweight”, saying rising costs are going to weigh heavily.

  • Krispy Kreme (NASDAQ:DNUT) stock rose 1.8% after price hikes and more purchase points for the customers helped the doughnut chain surpass fourth quarter estimates.

  • Polaris (NYSE:PII) stock rose 0.1% after Citigroup added the manufacturer of electric vehicles to its focus list, saying the stock can surge once supply chain issues ease.

  • Medtronic (NYSE:MDT) stock fell 0.1% despite the company reporting a 16.5% rise in quarterly profit, helped by a strong demand for its pacemakers and other heart devices.

  • Exxon Mobil (NYSE:XOM) stock rose 1.8% and Chevron (NYSE:CVX) stock 1.7% with oil stocks benefiting from the jump in oil prices after Russia’s move into Ukraine.

  • Houghton Mifflin (NASDAQ:HMHC) stock soared 15% with the publishing company set to be taken private by Veritas Capital in a deal worth $21 a share, representing a near 16% premium from Friday’s close.

  • Volkswagen (DE:VOWG_p)and Porsche (DE:PSHG_p) will be in focus after the German car manufacturers confirmed they were in talks about a potential listing of the luxury carmaker, which could result in one of the biggest-ever IPOs.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.