By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, February 21st. Please refresh for updates.
Walmart (NYSE: WMT ) stock fell 3.9% after the retail giant forecast full-year earnings below estimates, saying it was cautious about the economic outlook for the coming year.
Home Depot (NYSE: HD ) stock fell 4% after the home improvement chain posted a surprise drop in fourth-quarter comparable sales and forecast annual profit below expectations on Tuesday as it grapples with higher costs and a tighter labor market.
- General Mills (NYSE: GIS ) stock rose 1.5% after the packaged food manufacturer raised its annual organic sales and profit forecast, seeing strong demand for its popular snack bars and breakfast cereals.
Meta Platforms (NASDAQ: META ) stock rose 1.8% after the social media giant announced a new paid subscription service on its Facebook and Instagram platforms.
Vir Biotechnology (NASDAQ: VIR ) stock rose 12.3% after Goldman Sachs upgraded its stance on the biotech to ‘buy’ from ‘neutral’, saying its shares can more than double post COVID.
- AutoNation (NYSE: AN ) stock fell 0.9% after JPMorgan downgraded its stance on the car dealer to 'underweight' from 'neutral', saying the stock is now overvalued.
Add Chart to Comment
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.