Today's Morning Movers and Top Ratings: TGT, LULU, PDD, ADI and More
Morning Movers
Gapping up
$Urban Outfitters(URBN.US$ stock rose over 1.7% after the clothing retailer beat expectations on the top and bottom line in its latest quarter.
$Toll Brothers(TOL.US$ stock rose 1.1% after the housebuilder raised its full-year delivery guidance, as it reported stronger-than-expected orders with buyers flocking to newly built homes.
$PDD Holdings(PDD.US$ stock rose 7.3% after the company beat first-quarter revenue estimates, powered by strong adoption of its international shopping site, Temu, and as Pinduoduo attracted more price-conscious customers.
$Analog Devices(ADI.US$ stock rose 6.4% 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.
Gapping down
$Target(TGT.US$ stock fell 7.6% after the retailer forecast current-quarter comparable sales and profit largely below expectations after weak discretionary spending dented its first-quarter results.
$NVIDIA(NVDA.US$ stock fell 0.1%, steadying ahead of the tech giant's quarter earnings after rising more than 3% over the past two days.
$Lululemon Athletica(LULU.US$ stock dropped 3.9% after the athletic apparel retailer announced the departure of Chief Product Officer Sun Choe.
$Amazon(AMZN.US$ stock fell 0.3% 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.
$Viasat(VSAT.US$ stock fell 11% after the communications company's quarterly net loss grew to $90 million, up from $62 million in the same period last year.
Source: CNBC; Investing.com
US Top Rating Updates on 05/22
Source: Dow Jones
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David Smith95 : Adi chips are used in Russian missiles. why is stock price rising?