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Walmart, DoorDash, Cisco Rise Premarket; Fastly, TripAdvisor Slump

Published 02/17/2022, 07:59 AM
Updated 02/17/2022, 08:00 AM
© Reuters.

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, February 17th. Please refresh for updates.

  • DoorDash (NYSE:DASH) stock soared 24% after the food delivery company posted strong revenue growth in the fourth quarter, continuing to see demand despite the end of pandemic restrictions on brick-and-mortar restaurants.

  • Walmart (NYSE:WMT) stock rose 2.2% after the retail giant forecast full-year profit and U.S. sales above market expectations, signaling steady demand even as supply-chain issues and surging inflation pressure the retail giant's margins.

  • Amazon (NASDAQ:AMZN) stock rose 0.4% after the online retail giant ended its dispute with Visa (NYSE:V), up 0.9%, allowing its customers to use the payment provider in the U.K. while other surcharges imposed in Australia and Singapore, introduced last year, will be dropped.

  • Fastly (NYSE:FSLY) stock slumped 30% after the cloud-software company forecast a bigger slowdown in growth in 2022, than had been expected. It also expects to lose money in the first quarter.

  • Cisco (NASDAQ:CSCO) stock rose 3% after the tech conglomerate raised its full-year earnings forecast, expecting to benefit from higher prices. It also announced a $15 billion increase to its stock repurchase program.

  • Nvidia (NASDAQ:NVDA) stock fell 1.9% after the chipmaker reported flat margins in the fourth quarter, raising concerns over its exposure to cryptocurrency mining.

  • Yum! Brands (NYSE:YUM) stock rose 0.2% after Cowen upgraded its stance on the parent of KFC to ‘outperform’ from ‘market perform’, saying consensus earnings expectations are too low.

  • Meta Platforms (NASDAQ:FB) stock fell 0.6% after Alphabet’s Google (NASDAQ:GOOGL), down 0.7%, said it will stop cross-app tracking, another blow to Facebook's ability to sell targeted ads.

  • TripAdvisor (NASDAQ:TRIP) stock fell 8.5% after the hotel search website operator posted a surprise fourth-quarter loss, even after Covid restrictions were lifted and travel returned.

  • Hasbro (NASDAQ:HAS) stock rose 6.1% after the Wall Street Journal reported that activist investor Alta Fox Capital Management nominated five directors to the toymaker’s board, saying the stock has been underperforming the market.

  • Albemarle (NYSE:ALB) stock slumped 11% after the lithium miner beat expectations with its fourth-quarter earnings but warned that its future capital expenditure will be higher than previously planned.

Latest comments

Jobless claims rise?  Nothing to see here.  Inflation raging?  Nothing to see here.  Corporate profits wholly subsidized by the FED?  Nothing to see here.  The entire world economy could collapse, but the US Ponzi Scheme, greatest financial fraud in history, and biggest investment joke in the world, will continue on its path of financial destruction.  Can't relinquish the phony, manufactured paper wealth and put a dent in the most reckless consumer spending spree in history.
Perfect, right, all good inflationary companies rise, explaining FED about to raise rates a minimum 0.50% , "will soon be appropriate to raise rates very soon" --Powell speaking at Jan. FOMC , from minutes released yesterday. My guess, since minutes stale and he admitted a lot would happen after minutes from new data , "to take everything he said to takeover ago Jan. 26 words as the talk of "talking about what is talked about" and "take everything I say with a grain of salt" because highly inflationary new data on way like CPI 2 days later, like Jobs report 8 days later, like PPI, a few days ago THIS WEEK, and don't forget that nastily inatiinary retail sales report yesterday
don't try to time or understand the market. nvidia had the best earnings ever and some excuse to keep it down. Door dash had very bad earnings and up we go lol
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