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Stocks - Best Buy, Dick’s Sporting Goods Rise Premarket; Dollar Tree Falls

Stock Markets Nov 26, 2019 08:30AM ET
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Investing.com - Stocks in focus in premarket trading on Tuesday:

Best Buy (NYSE:BBY) stock jumped 4.6% in premarket trade by 8:20 AM ET (13:20 GMT) after its revenue beat estimates due to a rise in same-store sales. The electronics retailer also raised its full-year forecast ahead of the busy holiday season, which kicks off this Friday.

• Dollar Tree (NASDAQ:DLTR) stock slumped 13% after underlying third-quarter profit was lower than expected and the company warned that the last quarter of the year will also be weak due to the impact of tariffs on Chinese imports.

• Palo Alto Networks (NYSE:PANW) stock fell 7.8% after it announced its eighth acquisition in two years, buying Aporteto for $150 million in cash.

Alibaba (NYSE:BABA) stock inched down 0.2% even after a successful Hong Kong debut, with shares rising 6.6% locally in their first trading session.

• Abercrombie & Fitch (NYSE:ANF) stock slipped 0.5% after its earnings fell just shy of estimates; revenue and comparable sales were flat as the retailer struggled to keep the interest of younger buyers.

• Dick’s Sporting Goods (NYSE:DKS) stock surged 11.6% after it reported better-than-expected earnings and revenue, with same-store sales rising 6%; the company also raised its full-year guidance.

Stocks - Best Buy, Dick’s Sporting Goods Rise Premarket; Dollar Tree Falls
 

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