Retailers Pop in Premarket
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Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures fell on Tuesday as they entered correction territory. The pause came after the November rally as investors await on key earnings from tech giant Nvidia and the release of the Federal Reserve minutes.
AI stocks like Nvidia have already delivered major gains to investors, and now it’s crucial to consider other tech stocks that could potentially skyrocket in the future. Right now there are several under-the-radar companies that are essential to this new AI tech.
Here’s a look at the top-moving stocks this morning.
Burlington Stores, Inc. (NYSE: BURL)
Burlington Stores is up 12.65% premarket after posting strong revenue numbers for the third quarter. Total sales increased 12% compared to the third quarter of Fiscal 2022 to $2,285 million. Gross margin rate as a percentage of net sales was 43.2% vs. 41.2% for the third quarter of Fiscal 2022.
Agilent Technologies (NYSE: A)
Agilent Technologies is up 7.05% premarket after the company guided full-year adjusted EPS in a range of $5.44 to $5.55 per share and revenue in the range of $6.71 billion to $6.81 billion. That compared with analyst estimates for EPS of $5.64 on revenue of $6.99 billion.
Dick’s Sporting Goods (NYSE: DKS)
Dick’s Sporting Goods is up 8.48% premarket after delivering record third quarter sales of $3.04 billion, which were up 2.8% versus the prior year. It also updated its 2023 full year 2023 earnings per diluted share outlook to $11.45 to 12.05. And raised its full year non-GAAP earnings per diluted share outlook to $12 to 12.60, up from 11.50 to 12.30 previously.
Those are the biggest stock movers for today.
The Wake-Up Watchlist Research Team