By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, May 21st. Please refresh for updates.
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Home Depot (NYSE:HD) stock rose 0.8% after the hardware retailer announced a new $20 billion share repurchase program as well as declaring a first-quarter cash dividend of $1.65 per share.
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Ford (NYSE:F) stock rose 1.8%, continuing Thursday’s gains after the auto giant announced it had 20,000 reservations for its new electric F-150 pickup.
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Tesla (NASDAQ:TSLA) stock rose 1.9%, helped by gains in the price of Bitcoin, and after the electric car manufacturer increased the price of its Model 3 and Model cars, suggesting healthy demand.
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Ross Stores (NASDAQ:ROST) stock rose 1.8% after the retailer reported better-than-expected fiscal first-quarter earnings, announced a quarterly dividend as well as a new $1.5 billion stock repurchase program through fiscal year 2022.
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Foot Locker (NYSE:FL) stock rose 1.5% after the sportswear retailer reported its comparable-store sales soared over 80% in the first quarter
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Deere (NYSE:DE) stock rose 1.6% after the farm equipment manufacturer raised its full-year profit forecast, boosted by surging agriculture markets.
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Deckers Outdoor (NYSE:DECK) stock rose 6.7% after the footwear maker, which counts UGG and Teva among its brand names, reported better-than-expected fiscal fourth quarter revenue and earnings.
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Buckle (NYSE:BKE) stock rose 7.8% after the accessories retailer reported better-than-expected profit and revenue for its latest quarter.
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Palo Alto Networks (NYSE:PANW) stock rose 5.7% after the security hardware and software company announced strong second-quarter earnings amid worries about cybersecurity.
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Applied Materials (NASDAQ:AMAT) stock rose 1% as the company that supplies equipment, services and software for the manufacture of semiconductor chips reported record quarterly sales as the global chip shortage boosted its equipment business.
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AT&T (NYSE:T) stock rose 1.5% after UBS upgraded its investment stance on the telecom giant to ‘buy’ from ‘neutral’, saying a streamlined company, after it spins off WarnerMedia, has a clearer path to cash flow growth.