Nordstrom, Apple, VMware fall premarket; Deere, HP rise

  • Stock Market News
Nordstrom, Apple, VMware fall premarket; Deere, HP rise
Credit: © Reuters.

By Peter Nurse -- Stocks in focus in premarket trade on Wednesday, November 23rd. Please refresh for updates.

  • Nordstrom (NYSE: JWN ) stock fell 7.7% after the upstream clothing retailer said net sales at its retail stores fell 3.4% in its third quarter, trimming its net profit forecast for the fiscal year ending January 2023.

  • HP (NYSE: HPQ ) stock rose 3.1% after the PC maker said it expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12% of its global workforce, cutting costs at a time when sales of personal computers and laptops are sliding.

  • Deere (NYSE: DE ) stock rose 3.7% after the company reported a higher-than-expected quarterly profit on strong sales accelerated by price hikes for its agriculture and construction equipment and forecast higher net income next year.

  • Apple (NASDAQ: AAPL ) stock fell 0.2% after violent protests broke out at the world’s largest iPhone assembly plant, owned by Foxconn, which has already been under strict COVID-19 restrictions for a month.

  • VMware (NYSE: VMW ) stock fell 1.3% after the cloud computing company missed quarterly profit and sales expectations while Broadcom’s $61 billion acquisition deal is now on the radar of Britain's competition regulator.

  • Credit Suisse (SIX: CSGN ) (NYSE: CS ) stock fell 2.4% after the Swiss banking giant said it expects to lose around $1.6B in the current quarter due to an exodus of wealthy clients.

  • Manchester United (NYSE: MANU ) stock rose 8.4% after its owners, the Glazer family, said it will consider a potential sale of the underperforming club.

  • Autodesk (NASDAQ: ADSK ) stock fell 9.5% after the software company issued disappointing fourth-quarter revenue guidance, citing lower demand for multi-year, up-front contracts.

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