Try the businesses making headlines earlier than the bell:
Nike (NKE) – The athletic footwear and attire maker was upgraded to “buy” from “neutral” at Goldman Sachs and added to the agency’s “Conviction Purchase” checklist. Goldman believes Nike is on the verge of a pointy acceleration in earnings development, with China being a key driver.
Dollar General (DG) – The greenback retailer operator beat estimates by 4 cents a share, with quarterly revenue of $1.42 per share. Income additionally beat estimates. Comparable-store gross sales have been up four.6%, in comparison with the three.three% estimate of analysts surveyed by Refinitiv. The corporate additionally raised its full-year forecast and added $1 billion to its share repurchase program.
Apple (AAPL) – Citi reiterated its “buy” suggestion on Apple and raised its worth goal on the inventory by 20%, to $300 share from $250 a share. Citi expects gross sales and earnings to extend greater than the Avenue usually expects, and thinks the demand for the Apple Watch and AirPods is underappreciated.
Chewy (CHWY) – The pet merchandise vendor was upgraded to “chubby” from “equal-weight” at Morgan Stanley, which thinks the inventory has a gorgeous entry level after a 24% pullback. The agency mentioned it likes Chewy’s place because the No. 1 on-line pet merchandise vendor in a market experiencing secular development.
Express (EXPR) – The attire retailer posted an adjusted third-quarter lack of three cents per share, smaller than the 9 cents a share loss anticipated by analysts. Income was above estimates, and a comparable-store gross sales decline of 5% was lower than the 6.three% drop anticipated by analysts surveyed by Refinitiv.
Signet Jewelers (SIG) – The jewellery vendor misplaced 76 cents per share for its third quarter, smaller than the lack of $1.08 per share that Wall Avenue was anticipating. Income beat estimates, and comparable-store gross sales have been up 2.1%. Analysts surveyed by Refinitiv had anticipated a 1.three% drop in comparable gross sales. Signet issued a current-quarter earnings forecast that was largely beneath estimates, nonetheless.
Michaels Companies (MIK) – The humanities and crafts retailer missed estimates by 9 cents a share, with quarterly revenue of 40 cents per share. Income additionally got here in beneath forecasts. Comparable gross sales have been down 2.2% in comparison with expectations of a zero.three% enhance. Michaels additionally forecast current-quarter revenue beneath present consensus. Michaels mentioned its outcomes didn’t meet its personal expectations and have been impacted by points that it’s addressing.
Tiffany (TIF) – The posh items retailer earned 65 cents per share for its newest quarter, 20 cents a share beneath estimates. Income additionally missed forecasts. Comparable gross sales have been flat, in comparison with expectations of a 1.four% enhance. The corporate mentioned outcomes have been hit significantly exhausting by the unrest within the Hong Kong market. Tiffany lately agreed to a $16.2 billion takeover by France’s LVMH.
RH (RH) – The house items retailer reported quarterly earnings of $2.79 per share, beating the consensus estimate of $2.23 a share. The Restoration father or mother’s income got here in barely above forecasts and the corporate mentioned tariffs on imports from China wouldn’t influence its monetary targets.
Slack Technologies (WORK) – Slack lost 2 cents per share for its newest quarter, smaller than the eight cents a share loss that Wall Avenue was anticipating. The office messaging platform firm’s income additionally beat Avenue forecasts and Slack raised its full-year outlook because it provides extra massive company customers.
Fiat Chrysler (FCAU) – Fiat Chrysler is in a dispute with Italy’s tax authority, which mentioned the automaker had underestimated the worth of its U.S. enterprise following its acquisition of Chrysler. The corporate mentioned it strongly disagrees with the evaluation, which might lead to a $1.5 billion invoice for again taxes.
DexCom (DXCM) – The medical gadgets maker mentioned it had resolved a know-how concern, which brought about a data-sharing service for its diabetes gadgets to crash this previous weekend. The glitch prevented the transmission of affected person blood sugar ranges from DexCom’s glucose screens to caregivers.
Howard Hughes (HHC) – Activist investor Invoice Ackman has raised Pershing Sq.’s stake in the true property firm to 14.eight% from the prior 12.6%. Ackman is at the moment chairman of the corporate’s board of administrators.
Costco (COST) – The warehouse retailer reported a November comparable-store gross sales enhance of 5.three%.
Wayfair (W) – The house items vendor reported a 36% enhance in direct retail gross sales throughout the five-day Thanksgiving weekend procuring interval.
Five Below (FIVE) – 5 Under reported quarterly revenue of 18 cents per share, a penny a share above estimates. The low cost retailer’s income additionally got here in above Wall Avenue forecasts, nonetheless the corporate gave a current-quarter gross sales outlook beneath analysts’ forecasts.
H&R Block (HRB) – H&R Block reported a quarterly lack of 93 cents per share, a penny a share wider than anticipated. The tax preparation firm’s income additionally got here in barely beneath estimates. H&R Block historically makes most of its cash in its fiscal fourth quarter, which happens throughout tax season.
Sage Therapeutics (SAGE) – The corporate’s experimental drug for extreme despair failed a closely watched study, establishing the drugmaker to lose about $four.5 billion in valuation when the market opens.
–Reuters contributed to this report.