Close Menu


    Stock

    Target, Lululemon and ViaSat fall; TJX rises By Investing.com

    msmarkBy No Comments2 Mins Read

    (Updated – May 22, 2024 11:58 AM EDT)

    Investing.com — U.S. stock futures were mixed Wednesday, ahead of the release of the keenly-awaited minutes from the last Federal Reserve policy meeting and results from AI bellwether Nvidia (NASDAQ:).

    Here are some of the biggest U.S. stock movers today:

    • Target (TGT) stock fell 7% after the retailer forecast current-quarter comparable sales and profit largely below expectations after weak discretionary spending dented its first-quarter results.

    • Nvidia (NVDA) stock fell 0.5%, steadying ahead of the tech giant’s quarter earnings after rising more than 3% over the past two days.

    • Urban Outfitters (NASDAQ:) fell over 4% despite the clothing retailer beating expectations on the top and bottom line in its latest quarter. Concern about growth at its namesake banner weighed on the stock.

    • Toll Brothers (NYSE:) (TOL) stock fell 8% despite the housebuilder raising its full-year delivery guidance, as results failed to impress Wall Street given high expectations.

    • Lululemon Athletica (NASDAQ:) (LULU) stock dropped 3.9% after the athletic apparel retailer announced the departure of Chief Product Officer Sun Choe.

    • Amazon (NASDAQ:) stock rose 0.4% after the tech giant announced that its cloud computing unit AWS will invest around $17 billion in data centres in northern Spain, significantly boosting its expansion plan in the country.

    • ViaSat (NASDAQ:) (VSAT) stock fell 17% after the communications company’s quarterly net loss grew to $90 million, up from $62 million in the same period last year.

    • PDD Holdings (PDD) stock rose 2% after the company beat first-quarter revenue estimates, powered by strong adoption of its international shopping site, Temu, and as Chinese domestic discount e-commerce platform Pinduoduo (NASDAQ:) attracted more price-conscious customers.

    • Analog Devices (NASDAQ:) (ADI) stock rose 8% after the semiconductor forecast third-quarter revenue above expectations, helped by a rise in demand for its automotive and industrial chips after a prolonged slump.

    • First Solar (NASDAQ:) rose 13%, hitting a 52-week high, amid a surge in solar stocks. SunPower (NASDAQ:), Canadian Solar (NASDAQ:), SolarEdge Technologies (NASDAQ:), Enphase Energy (NASDAQ:), Array Technologies Inc. (ARRY) and Sunrun (NASDAQ:) were all higher. Invesco Solar ETF (TAN) rose 9%.

    • TJX Cos. (NYSE:) rose 6% after reporting first quarter results that topped expectations.

    Additional reporting by Louis Juricic

    Share.

    Related Posts