Target, Lowe’s, MicroStrategy, CarMax & more

Check out some of the largest moving companies on the pre-market:

Target (TGT) – The Target posted earnings of $ 3.69 per share for the first quarter, well above the consensus estimate of $ 2.25 per share. The turnover was also above the forecasts of the analysts. Sales in comparable branches rose by 22.9% and were thus more than twice as high as the forecast of the analysts surveyed by FactSet. The target shares rose by 3.8% in premarket trading.

Lowe’s (LOW) – The hardware store retailer reported earnings of $ 3.21 per share for the first quarter, beating the consensus estimate of $ 2.62 per share. Revenue also beat Wall Street projections, and a 24.4% increase in revenue in the same store beat the FactSet consensus forecast of 20.3%. Despite the beat, Lowe’s shares fell 2% in the pre-market.

Take-Two Interactive (TTWO) – Take-Two earned 94 cents per share in the fourth quarter of the fiscal year, beating the consensus estimate of 67 cents per share. The video game maker’s revenue also beat projections as it continued to benefit from the surge in video game activity caused by pandemics. However, Take-Two gave a lighter-than-expected forecast as confidence in vaccinations is causing more people to leave their homes. The company’s shares rose 2% in the pre-market business.

JD.com (JD) – The China-based e-commerce company posted better-than-expected earnings and sales in the first quarter. An expanded product range helped to increase the number of active customer accounts by 29% compared to the previous year. The US shares of JD.com gained 1% in the pre-market.

AstraZeneca (AZN) – AstraZeneca’s Covid-19 vaccine does well as a third booster shot, according to a study by Oxford University’s co-developer published by the Financial Times.

Macy’s (M) – Macy’s has been upgraded to “Tactical Outperformance” at Evercore. This shows the retailer’s outperformance in its Q1 earnings report and a so-called “healthier” business structure.

Wells Fargo (WFC) – Wells Fargo has been downgraded from “Buy” to “Neutral” at UBS. The bank’s risk / reward profile is no longer attractive after stocks have risen 59% since the start of the year and up 123% since late October. Its shares lost 1.3% in premarket trading.

MicroStrategy (MSTR) – MicroStrategy stock fell 5.8% before entering the market as Bitcoin price fell below $ 40,000 overnight. The business analytics company has billions of dollars in bitcoin holdings on its books.

Southwest Airlines (LUV) – Southwest announced that April revenue was up from March due to improvements in vacation travel and that leisure pricing levels are approaching June 2019 levels. However, Southwest cautioned that demand for business travel is still lagging well behind leisure travel. Its shares lost 1.5% in premarket trading.

CarMax (KMX) – The car dealer’s shares fell 2.4% in the pre-market after Wedbush Securities downgraded the stock from Outperform to Neutral. Wedbush said the current valuation already reflects the company’s long-term prospects and also sees a slowing in short-term trends.

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