Take a look at some of the biggest drivers in the crypto market:
Tesla (TSLA) – Shares fell 1.2% in pre-market trading after CEO Elon Musk challenges the United Auto Workers Union to try to organize his company’s assembly plant in Fremont, California.
Sweetgreen (SG) – Sweetgreen shares rose 19.9% in pre-market trading after the salad chain reported strong sales growth for the first time. report of precious goods Since going public in November, the company has also posted growing losses.
Gap (GPS) – Share 7% increase in pre-market trading after the retailer reported a narrower-than-expected loss for the fourth quarter and delivered strong earnings guidance. Gap posted a loss of 2 cents per share, compared with Refinitiv analysts’ forecast of 14 cents. Revenue also beat estimates.
Wholesale Costco (BVNT) – Retail stocks fell 2% after better-than-expected quarterly report. Costco reported fiscal second-quarter earnings of $2.92 per share on revenue of $51.9 billion. Analysts surveyed by Refinitiv had expected earnings of $2.74 on revenue of $51.47 billion.
Marvell Technology (MRVL) – Shares fell 2.3% despite a slight drop in profits. Marvell reported fourth-quarter earnings of 50 cents per share, excluding items, on revenue of $1.34 billion. Analysts had expected a profit of 48 cents per share on revenue of $1.32 billion, according to Refinitv.
Broadcom (AVGO) – Chip stocks jumped more than 3% after Broadcom beat Wall Street expectations for the fiscal first quarter. The company reported adjusted earnings of $8.39 per share, while analysts surveyed by Refinitiv were looking for $8.08 per share. The company’s second-quarter revenue forecast also beat expectations.
Best buy (BBY) – Retail stocks fell 2% in early morning trading after Raymond James downgraded Buy the best to make the market work better. “We’re putting our stock recommendation to ‘sleep mode’,” said Raymond James.
