Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Palo Alto, Deckers, Apple Rise Premarket; Ross Stores, Deere Fall

Stock Markets May 20, 2022 08:07AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, May 20th. Please refresh for updates.

  • Ross Stores (NASDAQ:ROST) stock fell over 24% after the discount retailer cut its outlook for profit and sales, with the company citing an “extremely challenging” external environment with the Russia-Ukraine conflict exacerbating inflationary pressures.

  • Palo Alto Networks (NASDAQ:PANW) stock rose 12% after the cybersecurity company raised its annual guidance after reporting better-than-expected fiscal third quarter results.

  • Deckers Outdoor (NYSE:DECK) stock rose 16% after the footwear company beat quarterly expectations and upbeat full-year guidance, saying the company is "well positioned to drive continued top-line growth and high levels of profitability."

  • Apple (NASDAQ:AAPL) stock rose 1.6% after influential analyst Dan Ives at Wedbush said the iPhone maker was a good place for investors to ride out the current storm, with the stock down over 17% year-to-date.

  • Deere & Company (NYSE:DE) stock fell 6.0% after the farm equipment maker missed expectations for quarterly revenue even as it raised its annual profit forecast. The stock is up over 6% year-to-date.

  • Applied Materials (NASDAQ:AMAT) stock fell 1.1% after the chipmaker missed expectations with its quarterly earnings and disappointed with its guidance, citing “on-going supply chain issues.”

  • Foot Locker (NYSE:FL) stock rose 3% after the athletic footwear retailer beat expectations for quarterly profit while same-store sales fell by less than half of what was anticipated.

  • DoorDash (NYSE:DASH) stock rose 3.3% after the food delivery company announced the approval of a $400 million stock buyback program.

Palo Alto, Deckers, Apple Rise Premarket; Ross Stores, Deere Fall
 

Related Articles

Sony accelerates PC gaming push with Inzone gear
Sony accelerates PC gaming push with Inzone gear By Reuters - Jun 29, 2022

By Sam Nussey TOKYO (Reuters) - Sony (NYSE:SONY) Group Corp said on Wednesday it's launching a new line of headphones and monitors targeting the growing PC market for videogames...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other 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, don’t trash it.

  •           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. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. 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.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Neil Tran
Neil Tran May 20, 2022 9:07AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Market should have a meaningful rebound today, and also into early next week. Enjoy!
Yosif Yosifov
Yosif Yosifov May 20, 2022 9:07AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
rebound .. based on what?
CT OREN
CT OREN May 20, 2022 9:07AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
No way for rebound. It will drop further.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email