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Walmart, Home Depot, Macy's Rise Premarket; Tesla Falls

Stock MarketsMay 18, 2021 07:56AM ET
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© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Tuesday, May 18th. Please refresh for updates.

  • Walmart (NYSE:WMT) stock rose 3.3% after the retail giant raised its full-year earnings forecast and beat estimates for same-store sales as additional stimulus resulted in boosted demand for apparel and electronics.

  • Home Depot (NYSE:HD) stock rose 2.1% after the top U.S. home improvement retailer blew past quarterly same-store sales estimates, as demand remained strong for its products even as vaccinations opened up more traditional avenues for customers to spend their money.

  • Macy’s (NYSE:M) stock rose 6.5% after the retailer raised its forecast for annual sales and earnings, betting on pent-up demand as shoppers vaccinated for the coronavirus return to stores.

  • Tesla (NASDAQ:TSLA) stock fell 1.2% after the family office run by "Big Short" investor Michael Burry disclosed a short position against the electric car maker worth more than half a billion.

  • IBM (NYSE:IBM) stock fell 0.1% after Big Blue said it would buy Waeg, a consulting partner for Salesforce (NYSE:CRM), in a deal that will extend its range of services and support its hybrid cloud and artificial intelligence strategy.

  • Twilio (NYSE:TWLO) stock rose 1.5% after news that the communications software company is acquiring business-texting startup Zipwhip for approximately $850 million in a cash and stock deal. 

  • Eastman Kodak (NYSE:KODK) stock fell 0.7% after Reuters reported that the New York attorney general’s office is preparing an insider-trading lawsuit against the company and its top executive.

  • Fisker (NYSE:FSR) stock rose 1.5% after the electric car manufacturer raised its outlook on full-year spending as it looks to ramp-up the pace of research and development, even as it reported a wider-than-expected first-quarter loss.

  • Aon (NYSE:AON) stock rose 1.5% after a regulatory filing revealed that Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) had taken a stake in the U.K.-based professional services company as of March 31. 

  • Baidu (NASDAQ:BIDU) stock rose 3.2% after the Chinese tech company reported a 25% rise in quarterly revenue, powered by advertising on its core search and video-streaming platforms.

  • Stellantis (NYSE:STLA) stock rose 0.9% after the carmaker announced a joint-venture with iPhone assembler Foxconn that will supply in-car and connected-car technologies.

  • BP (NYSE:BP) ADR rose 1.3% after Barclays (LON:BARC) named the oil major as one of its top picks, saying the rise in oil prices should boost the stock even as the company pivots toward greener energy.
Walmart, Home Depot, Macy's Rise Premarket; Tesla Falls
 

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Comments (3)
Paul Belflower
Paul Belflower May 18, 2021 8:39PM ET
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So the IEA, the International “ENERGY” Agency really came out and said this? So what’s their bright plan to keep modern civilization going without oil & natural gas? Alternative fuels supplement for electricity generation and a small percentage for fuel additive. They don’t make products! Refined petroleum products and natural gas derivatives literally run all modern economies worldwide. From jet fuel, automotive parts, plastics used in medicine, tools, clothing, glass, fertilizer, etc., etc, etc. They should be a proponent of oil & natural gas not an opponent. The USA energy sector is doing all they can to reduce carbon emissions and capture methane emissions. China, India and Russia need to do the same.
Micnaei Mi Cnaei
Micnaei Mi Cnaei May 18, 2021 9:09AM ET
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Micnaei
Jan Buyle
Jan Buyle May 18, 2021 8:32AM ET
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Tesla still is the most overrated stock in the index. Only reason for profit q1 was Bitcoin manipulation by Musk. Dump it!
 
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