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Sonos, L Brands Rise Premarket; Macy's Fall

Stock MarketsNov 19, 2020 08:04AM ET
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By Peter Nurse -- Stocks in focus in premarket trade on Thursday, November 19th. Please refresh for updates.

  • Sonos (NASDAQ:SONO) stock soared 21% after the speaker maker reported strong fiscal fourth-quarter earnings, with people investing more in home audio systems during their enforced absence fro the office.

  • L Brands (NYSE:LB) stock climbed 17% after the retailer released a better-than-expected third-quarter report, helped by strong soap sales at its Bath & Body Works unit.

  • Macy’s (NYSE:M) stock fell 4.3% after the retailer reported a fall of more than 20% in quarterly comparable sales. This still beat expectations, helped by a sustained shift to online shopping. 

  • Nasdaq (NASDAQ:NDAQ) stock fell 1.4% after the exchange group announced it has agreed to buy anti-financial crime management products firm Verafin for $2.75 billion in cash.  

  • Palantir (NYSE:PLTR) stock rose 3.1% after the newly public tech company announced a new government contract to upgrade communications networks for the U.S. Army.

  • Nvidia (NASDAQ:NVDA) stock fell 1.3% despite the chip maker beating third-quarter revenue expectations and also offering strong fourth-quarter guidance. The stock is up over 120% year to date.

  • Jack In The Box (NASDAQ:JACK) stock rose 5.6% after the fast-food chain beat expectations for its fiscal fourth quarter, while declaring a quarterly cash dividend.

  • Starbucks (NASDAQ:SBUX) stock fell 0.3% with the coffee chain raising its hourly wages for its staff, preparing for a higher minimum wage under the new administration.

  • AstraZeneca (NYSE:AZN) ADRs rose 0.7% after the pharma giant announced that the potential Covid-19 vaccine it’s developing in conjunction with Oxford University showed a strong immune response in older adults in its second-stage trial.
Sonos, L Brands Rise Premarket; Macy's Fall

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