Take a look at some of the biggest drivers in the premarket:
Best buy (BBY) – Best Buy shares rose 4.3% in pre-release after electronics retailer beat the estimates on the top and bottom lines for the second trimester. Best Buy earned $ 2.98 per share, compared to $ 1.85 per share. consensus estimate. Same store sales increased 19.6%, better than expected.
Palo Alto Networks (PANW) – Palo Alto Networks jumped 11.9% pre-market, after being estimated at 16 cents per share, with quarterly profit of $ 1.60 per share. The cybersecurity company’s revenue was also higher than estimated and also released a bullish outlook.
Camping world (CWH) – The maker of recreational vehicles and other recreational products has announced that it will double its quarterly dividend to 50 cents per share, from 25 cents per share, payable Sept. 28 to shareholders of record on Sept. 14. Camping World shares increased 6% pre-market. trade.
Advanced auto parts (AAP) – The auto parts retailer reported quarterly profit of $ 3.40 per share, beating the consensus estimate of $ 3.04 per share. Turnover is slightly higher than forecast. Comparable store sales increased 5.8%, slightly below the consensus estimate of 6%. Advance Auto has raised its annual forecast for overall sales and comparable store sales growth. Its shares fell 1% in pre-market share.
Medtronic (MDT) – The medical device maker broke estimates by 9 cents per share, with quarterly profit of $ 1.41 per share. Revenue also exceeded consensus estimates, helped by a rebound in demand as patients underwent elective procedures that had been delayed by the pandemic. Medtronic added 1.8% pre-market.
Cigna (CI) – Shares of the insurance company rose 1.1% in pre-market trading after announcing a $ 2 billion fast-track share buyback deal.
Didi Global (DIDI) – Didi Global climbed 3.9% in the pre-market, extending Monday’s gains on reports it was suspending plans to launch its rideshare service in the UK and mainland Europe.
Sands of Las Vegas (LVS), Wynn Resorts (WYNN) – Las Vegas Sands was up 2.6% in pre-market shares, with Wynn Resorts up 2.5%. Casino operators are trading higher following the easing of travel restrictions in Macau, amid an improving outlook for Covid-19 cases.
Cara Therapeutics (CARA) – Shares of drugmaker jump 19.8% in pre-market trading after receiving Food and Drug Administration approval for its injection of Korsuva, designed to treat kidney-related illness known as pruritus.
Netflix (NFLX) – The video streaming service’s stock remains under scrutiny after rising in the past seven sessions and gaining 8.4% during that time.
JD.com (JD), Ali Baba (BABA), Baidu (START), Pinduo (PDD) – Investors are recovering China-based tech stocks, in a rebound from a crisis that followed the Beijing government’s implementation of new rules for tech companies. JD.com jumped 7.7% in pre-release, with Alibaba up 4.7%, Baidu up 4.2% and Pinduoduo up 4.6%. Pinduoduo had been higher earlier, but slashed its earnings after reporting lower than expected earnings for its final quarter.