Stocks – Applied Materials, Grubhub, J.C. Penney Surge Premarket

This post was originally published on this site
© Reuters. © Reuters. – Stocks in focus in premarket trading on Friday:

• Applied Materials (NASDAQ:) stock gained 6.1% in premarket trade by 8:20 AM ET (11:20 GMT) after reporting a strong fiscal fourth-quarter that was helped by increased demand for its processor chips.

• Grubhub (NYSE:) stock jumped 4.4% after Shake Shack (NYSE:) announced that it is launching a nationwide delivery service with the company. Meanwhile Barclays (LON:) gave the food delivery service a double upgrade, to “overweight” from “underweight.”

Nike (NYSE:) stock rose 0.6% after it raised its quarterly dividend by 11% to $0.245 a share from $0.22.

Aurora Cannabis (TSX:) stock tumbled 11.3% after it reported a 23% decline in revenue and announced plans to slow its expansion

• Nvidia (NASDAQ:) stock inched up 0.2% after its results beat on the top and bottom line, but was held back as it warned that its gaming chip business is likely to be hit by seasonal weakness this quarter.

• JC Penney (NYSE:) stock surged 18.2% after its loss for the last quarter was smaller than expected, while comparable sales fell slightly less than forecast, at 6.6% compared to the 7.7% drop expected.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment