With the US stock futures trading lower this morning on Tuesday after the Nasdaq recorded sharp losses in the previous session, some of the stocks that may grab investor focus today are as follows:
- PepsiCo tops consensus in Q2, reaffirms FY2022 outlook. PepsiCo shares rose nearly 1% in premarket trading Tuesday.
- GameStop Corp announced the highly-anticipated launch of its previously-announced NFT marketplace. GameStop shares gained 1.1% to $131.54 in premarket trading Tuesday.
- Gap Inc said on Monday that Chief Executive Sonia Syngal will step down just over two years into the role, as the apparel seller wrestles with weak demand for its casual attire and a slump in its stock price. It also warned that margins would stay under pressure in the second quarter as costs spiral, sending shares of the company down about 6% in premarket trading Tuesday.
- Rivian Automotive Inc. is planning hundreds of layoffs to trim its workforce in areas where the electric-vehicle maker has grown too quickly, according to people familiar with the matter. Rivian shares dropped 2.3% to $29.24 in premarket trading Tuesday.
- SemiLEDs Corporation is expected to report financial results for the fiscal third quarter before the opening bell on Tuesday, July 12, 2022. SemiLEDs shares gained 0.4% to $2.76 in after-hours trading Monday.
- PriceSmart, Inc. reported downbeat earnings for its third quarter, while sales topped estimates. PriceSmart shares dropped 4% to $69.60 in the after-hours trading session Monday.
- Analysts are expecting AngioDynamics, Inc. to have earned $0.01 per share on revenue of $83.25 million for the latest quarter. The company will release earnings before the markets open. AngioDynamics shares rose 1.7% to $20.37 in after-hours trading Monday.
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