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Zoom, Best Buy and Urban Outfitters Fall Premarket; Xpeng Rises

Stock MarketsNov 23, 2021 08:17AM ET
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© Reuters

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Tuesday, November 23rd. Please refresh for updates.

  • Zoom Video Communications (NASDAQ:ZM) stock fell 9.6% after the video-conferencing platform added fewer large clients than expected for the second straight quarter as demand for its services eased from pandemic-fueled heights last year.

  • Urban Outfitters (NASDAQ:URBN) stock slumped over 11% after the retailer’s quarterly outlook of around 16% sales growth failed to impress.

  • Best Buy (NYSE:BBY) stock fell 11% after the electronics retailer forecast fourth-quarter comparable sales below expectations, citing a likely hit from product shortages during the crucial holiday shopping season.

  • Comcast (NASDAQ:CMCSA) stock rose 0.2% after the WSJ reported that the media giant’s NBCUniversal unit is considering removing much of its content from Hulu, of which it owns a third, and making it exclusive to its Peacock platform. Walt Disney (NYSE:DIS) controls the rest of Hulu, and its stock fell 0.3%.

  • Xpeng (NYSE:XPEV) stock rose 4.4% after the Chinese electric vehicle maker reported a wider-than-expected quarterly loss, but also saw revenue come in well above estimates while issuing an upbeat current-quarter outlook..

  • Dollar Tree (NASDAQ:DLTR) stock fell 1.9% after the discount retailer reported a sharp rise in freight costs, weighing on its quarterly profit.

  • Abercrombie & Fitch (NYSE:ANF) stock fell 7.1% after the clothes retailer reported a drop in its profit margin of 30 basis points, even after its revenue beat expectations.

  • Medtronic (NYSE:MDT) stock fell 1.4% after the medical device company cut its full-year outlook, citing the Covid-19 resurgence and health-care staffing challenges.

 

Zoom, Best Buy and Urban Outfitters Fall Premarket; Xpeng Rises
 

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Mitchel Pioneer
Mitchel Pioneer Nov 23, 2021 9:13AM ET
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The biggest investment JOKE in history is snatched from the grave in another flagrant round of criminal manipulation.  Can't have the DOW in the red, now can we?  Assume the proper position America.
 
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