Stocks making the biggest moves before the bell: Alibaba, Applied Materials, Gap and more
Alibaba — U.S.-listed shares of the Chinese e-commerce giant slipped 3.2%, adding to Thursday’s steep losses that were sparked by Alibaba announcing that it would no longer spin off its cloud computing business. Alibaba pointed to the U.S. export restrictions on advanced chips as justification for the decision. BJ’s Wholesale Club — Shares retreated 4.6% in premarket trading after the company revised its expectation for comparable store sales in the fourth quarter amid shifting consumer behavior. BJ’s now anticipates sales excluding gas ranging between a 2% decrease and a 1% increase in the fourth quarter from the same period a year ago. Analysts polled by FactSet anticipate a 1% rise. Tenet Healthcare — The treatment provider climbed 3.5% after announcing it would sell three South Carolin