Alibaba, Salesforce, HP, Unilever, Gold Fields: U.S. Stocks to Watch

Tiger Newspress2022-05-31

Some of the stocks that may grab investor focus today are:

  • Hot Chinese ADRs jumped in premarket trading. Alibaba, Pinduoduo, JD.com, Baidu, Bilibili, DiDi, iQIYI, Nio, Xpeng Motors and Li Auto climbed between 4% and 8%. China unveiled a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive a pandemic-ravaged economy. To revive investment and consumption, China will promote healthy development of platform companies, which are expected to play a role in stabilising jobs, according to the measures.
  • Gold Fields shares plunged 10% in premarket trading as the company will acquire Yamana Gold. Transaction creates a top-4 global gold major. All-share offer by Gold Fields at an Exchange Ratio of 0.6 Gold Fields Consideration Shares for each Yamana share implying a valuation for Yamana of US$6.7 billion.
  • Wall Street expects HP Inc. to report quarterly earnings at $1.05 per share on revenue of $16.17 billion after the closing bell. HP shares rose 1.1% to $39.16 in premarket trading.
  • Analysts are expecting Salesforce, Inc. to have earned $0.94 per share on revenue of $7.38 billion. The company will release earnings after the markets clsoe. Salesforce shares rose 1.5% to $167.59 in premarket trading.
  • Natuzzi S.p.A. reported an operating profit of €1.5 million for the first quarter, down from €3.3 Million in the year-ago period. Its consolidated revenue rose 16.8% to €118.5 million. Natuzzi shares jumped 8.6% to close at $10.39 on Friday.
  • After the closing bell,Victoria's Secret & Co. is projected to post quarterly earnings at $0.84 per share on revenue of $1.48 billion. Victoria's Secret shares gained 1.2% to $43.20 in after-hours trading.
  • Analysts expect KE Holdings Inc. to post a quarterly loss at $0.05 per share on revenue of $1.82 billion before the opening bell. KE Holdings shares rose 5.5% to $12.12 in premarket trading.
  • Unilever said it appointed Nelson Peltz as a non-executive director and confirmed his TrianFund Management holds a roughly 1.5% stake in the consumer products company. Unilever shares traded in NYSE rose more than 7% in premarket trading.

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