By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, December 3rd. Please refresh for updates.
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Tesla (NASDAQ:TSLA) stock rose 4.5% after influential investment bank Goldman Sachs (NYSE:GS) upgraded its stance to “buy” from “neutral”, raising its price target to $780, citing the more rapid adoption of electric vehicles.
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Snowflake (NYSE:SNOW) stock fell 2.1% after its first quarterly results following its massive IPO, as the cloud company reported wider-than-expected third-quarter losses on a jump in costs.
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Alphabet (NASDAQ:GOOGL) stock dropped 0.1% after the National Labor Relations Board issued a complaint, accusing its Google unit of unlawfully monitoring and questioning several workers.
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Facebook (NASDAQ:FB) stock fell 0.2% after Reuters reported that a number of states, led by New York, plan to file a lawsuit against the social media giant next week over potential antitrust violations.
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Crowdstrike (NASDAQ:CRWD) stock soared 12% after the cybersecurity firm swung to an unexpected profit in the third quarter, while revenue also beat expectations.
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JD.com (NASDAQ:JD) ADR rose 0.6% after the company’s digital health-care unit raised $3.5 billion in a successful Hong Kong IPO.
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Amazon (NASDAQ:AMZN) stock rose 0.2% after the Wall Street Journal reported that the tech giant is in exclusive talks to purchase Wondery, the last large independent podcaster on the market.
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Splunk (NASDAQ:SPLK) stock fell 21% after the provider of data-analysis software reported a wider fiscal-third-quarter loss on 11% lower revenue.
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Secureworks (NASDAQ:SCWX) stock rose 8.4% after the cybersecurity company beat expectations with its third-quarter results on the top and bottom lines.
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Express (NYSE:EXPR) stock fell 24% after the fashion retailer reported a wider than expected third-quarter loss, largely resulting from continued steep declines in wear-to-work attire.
- Dollar General (NYSE:DG) stock fell 2.3% despite reporting better-than-expected quarterly sales on Thursday, as the discount retailer benefited from higher demand for cheaper groceries and household items during the pandemic. Still, the stock is up almost 40% year-to-date.
- Kroger (NYSE:KR) stock fell 4.2% after the retailer said it will pay nearly $1 billion and take a charge in the fourth quarter to cover a pension plan change.
- Chevron (NYSE:CVX) stock rose 0.8% after the oil major lowered its longer-term guidance for its capital and exploratory budget to $14 to $16 billion annually through 2025, demonstrating continued capital discipline.