Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Walmart, BHP Group, Philips Rise Premarket; Home Depot, Zoom Fall

Stock Markets Aug 16, 2022 07:51AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
C
+1.90%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
MSFT
+1.97%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
BBBY
+1.25%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
WMT
+1.65%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
HD
+5.02%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
BHP
+3.36%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, August 16th. Please refresh for updates.

  • Home Depot (NYSE:HD) stock fell 0.8% after the home improvement retailer maintained its outlook for fiscal 2022 even as it reported quarterly comparable sales above expectations on steady demand for home improvement goods from builders and handymen.

  • Walmart (NYSE:WMT) stock rose 4.1% after the retail giant forecast a smaller drop in annual profit than it had predicted less than a month ago, after deep discounts to clear excess merchandise and a drop in fuel prices helped it beat expectations for quarterly sales.

  • Zoom Video (NASDAQ:ZM) stock fell 3.3% after Citigroup downgraded its investment stance on the communications company to ‘sell’ from ‘neutral’, citing growing competition from Microsoft's (NASDAQ:MSFT) Teams.

  • Bed Bath & Beyond (NASDAQ:BBBY) stock fell 2% after B. Riley downgraded its stance on the home furnishings retailer to ‘sell’ from ‘neutral’, saying it’s trading at unrealistic valuations.

  • PayPal (NASDAQ:PYPL) stock rose 1.0% after Daiwa upgraded its stance on the online payments giant to ‘outperform’ from ‘neutral’, saying the company is turning around after recent struggles.

  • BHP Group (NYSE:BHP) ADRs rose 3% after the mining giant reported its highest profit in 11 years on the back of gains in prices of coal and other commodities.
  • Philips (NYSE:PHG) ADRs rose 2.6% after the Dutch health technology company unexpectedly announced the imminent departure of CEO Frans van Houten, as he takes the blame for a massive product recall that has halved its market value over the past year.
  • ZipRecruiter (NYSE:ZIP) stock fell 7% after the online employment website operator announced disappointing guidance, saying employers were starting to pull back on job postings.
  • ThredUp (NASDAQ:TDUP) stock rose 2.3% after the online clothing resale platform reported a 29% increase in active buyers.
Walmart, BHP Group, Philips Rise Premarket; Home Depot, Zoom Fall
 

Related Articles

U.S. House advances bill to boost antitrust efforts
U.S. House advances bill to boost antitrust efforts By Reuters - Sep 28, 2022 4

WASHINGTON (Reuters) -The U.S. House of Representatives on Wednesday voted to advance a bill that would update fees companies pay for merger reviews and strengthen state attorneys...

FedEx Earnings Beat, Revenue Misses In Q2
FedEx Earnings Beat, Revenue Misses In Q2 By Investing.com - Sep 28, 2022 1

Investing.com - FedEx (NYSE:FDX) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations. FedEx announced earnings...

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.
 
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