Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Stocks - Walmart, Viacom Rise Premarket; Canopy Growth, Cisco Fall

Published 11/14/2019, 08:39 AM
Updated 11/14/2019, 08:40 AM
© Reuters.

Investing.com - Stocks in focus in premarket trading on Thursday:

• Walmart (NYSE:WMT) stock rose 1.7% in premarket trade by 8:20 AM ET (11:20 GMT) after reporting better-than-expected third quarter sales in the U.S., while sales in its grocery business also picked up. The company also raised its annual earnings outlook.

• Viacom (NASDAQ:VIA) stock gained 3.8% after the media company beat earnings and revenue estimates due to an increase in domestic advertising revenue.

• Canopy Growth (TSX:WEED) stock slumped 8% after the Canadian cannabis producer’s loss came in much higher than expected due to restructuring charges.

• Cisco Systems (NASDAQ:CSCO) stock fell 5.4% in premarket trade after it forecast its current quarter revenue to drop to 3% to 5% as global purchases of its equipment declines.

• Kraft Heinz Co (NASDAQ:KHC) stock slipped 3.2% after Goldman Sachs (NYSE:GS) downgraded the company's stock to sell due to earnings weakness.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.