Signet Jewelers, JPMorgan, Estée Lauder rise premarket; Herbalife falls

  • Investing.com
  • Stock Market News
Signet Jewelers, JPMorgan, Estée Lauder rise premarket; Herbalife falls
Credit: © Reuters.

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, December 6th. Please refresh for updates.

  • AutoZone (NYSE: AZO ) stock rose 0.7% after the retailer of automotive parts reported a big earnings beat, with first quarter same-store sales growing by 5.6%.

  • Signet Jewelers (NYSE: SIG ) stock rose 5.9% after the world’s largest retailer of diamond jewelry beat both top and bottom-line expectations in the third quarter and lifted its full-year guidance.

  • Herbalife (NYSE: HLF ) stock fell 12.1% after the marketing company proposed an offering of $250 million convertible notes.

  • Estée Lauder (NYSE: EL ) stock rose 2.7% after Deutsche Bank upgraded its stance on the cosmetics company to ‘buy’ from ‘hold’, citing the expected China reopening.

  • JPMorgan Chase (NYSE: JPM ) stock rose 0.9% after Morgan Stanley upgraded its stance on the investment bank all the way to ‘overweight’ from ‘underweight’, saying the lender is typically more resilient than its peers during a downturn.

  • Meta Platforms (NASDAQ: META ) stock fell 0.5% after the Facebook owner threatened to remove news from its platform if the U.S. Congress passes a proposal aimed at making it easier for news organizations to negotiate collectively.

  • PepsiCo (NASDAQ: PEP ) stock rose 0.1% after the Wall Street Journal reported that the soft drinks giant is set to lay off hundreds of people in North America in order to cut costs.

  • GitLab (NASDAQ: GTLB ) stock rose 16.6% after the development software firm reported a smaller quarterly loss than expected, while beating revenue expectations and offering up a strong full-year outlook.

  • General Electric (NYSE: GE ) stock rose 1.7% after Oppenheimer upgraded its stance on the industrial conglomerate to ‘outperform’ from ‘perform’, citing its debt reduction plan.

  • Sumo Logic (NASDAQ: SUMO ) stock rose 9.8% after the big data firm beat Wall Street’s expectations with its third-quarter results and offered an upbeat forecast for the fourth quarter and full year.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles