Yahoo Finance Stocks - Campbell Soup Swings Pre-market; Apple, Amazon Rise; Dollar General Falls
Investing.com - Stocks in focus in pre-market trade Thursday:
• Campbell Soup (NYSE:CPB) stock was bouncing between red and green by 8:13 AM ET (12:13 GMT) after the company announced it would sell its international businesses and Fresh refrigerated-foods unit, following a months-long strategic review. But it faces pressure from hedge fund investors to sell the whole company and a proxy battle could be in the cards. The company beat quarterly profit estimates, but missed on sales.
• Dollar General (NYSE:DG) stock fell 2.49% as the company’s gross margin slipped 7 basis points in the second quarter due to increased sales of low-margin consumable items, including day-to-day products such as toothpaste and stationery products. Same store sales during the period did beat estimates.
• Amazon.com (NASDAQ:AMZN) stock edged forward 0.16%, moving closer to capturing the $1 trillion milestone for market capitalization.
• Apple (NASDAQ:AAPL) rose 0.32% after the company confirmed that it acquired Akonia Holographics, a startup focused on making lenses for augmented reality glasses
• Guess? (NYSE:GES) stock soared 7.98% after the company beat on earnings per share and provided a strong forward sales guidance.
• Dollar Tree (NASDAQ:DLTR) stock slumped 4.85% as comparable sales rose 1.80%, missing a Thomson Reuters consensus estimate for a 1.84% gain and earnings fell short of estimates.
• Abercrombie & Fitch (NYSE:ANF) stock tumbled 11.13% after second-quarter revenue and same-store sales missed estimates.
• K2M Group (NASDAQ:KTWO) stock was likely to see upside in Thursday’s regular session as Stryker (NYSE:SYK) announced a definitive agreement to acquire the company for $27.50 a share, or a total equity value of about $1.4 billion. K2M closed Wednesday at $21.82.
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