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2022-03-09

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Pre-Bell｜Nasdaq 100 Futures Rose 2% Led The Rebound; Stitch Fix Tumbled 26.4%

U.S. stock index futures jumped on Wednesday after four straight sessions of losses on Wall Street a

Pre-Bell｜Nasdaq 100 Futures Rose 2% Led The Rebound; Stitch Fix Tumbled 26.4%

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The Wall Street Journal said PepsiCo is currently exploring various options for its Russian unit, including writing off the value of that business.</p><p>Stitch Fix (SFIX) – Stitch Fix tumbled 26.4% in the premarket after it issued weaker-than-expected sales guidance and said it continues to face challenges in getting customers to sign up for its styling service. Stitch Fix matched estimates with a quarterly loss of 28 cents per share, while the clothing styling company’s revenue topped forecasts.</p><p>Bumble (BMBL) – Bumble soared 22% in premarket trading after the dating service operator reported an adjusted quarterly profit of 13 cents per share, beating estimates of a breakeven quarter. the company also forecasts strong 2022 growth.</p><p>Gannett (GCI) – The USA Today publisher misled advertisers about where their website ads were being placed for 9 months, according to research obtained by the Wall Street Journal. 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XPO surged 13.3% in the premarket.</p><p>General Electric (GE) – GE shares gained 1.6% in premarket trading after the company’s board of directors authorized a $3 billion share repurchase program.</p><h2>Market News</h2><p>A shareholder is suing Rivian Automotive Inc., alleging the electric-vehicle startup misled investors by failing to disclose it had underpriced its vehicles and would need to raise prices after its market debut.</p><p>Japanese lenders Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. are among suitors shortlisted in the bidding of consumer lender Home Credit’s assets in Southeast Asia and India, Grab has also proceeded into the next round.</p><p>U.S. Federal prosecutors and securities regulators are investigating large bets that Barry Diller, Alexander von Furstenberg and David Geffen made on Activision Blizzard Inc shares in January, days before the videogame maker agreed to be acquired by Microsoft Corp , the Wall Street Journal reported on Tuesday.</p><p>Visa Inc. and Mastercard Inc. are preparing to increase the fees that many large merchants pay when they accept consumers’ credit cards.</p><p>China Aviation Lithium Battery Technology Co. plans to file for a Hong Kong initial public offering as early as this week, according to people familiar with the matter.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Campbell’s adjusted gross margins slid 340 basis points due to cost inflation. It said demand trends are strong and the company maintained its full-year guidance issued in December. Campbell rose 1% in premarket trading.</p><p>Express (EXPR) – The apparel and accessories retailer’s shares rallied 10.5% in the premarket despite a wider-than-expected quarterly loss. Express saw better-than-expected sales and a comparable-store sales increase of 43%, more than double the consensus FactSet estimate.</p><p>Thor Industries (THO) – The recreational vehicle maker saw its shares jump 8.6% in premarket trading after it reported quarterly earnings of $4.79 per share, compared with the $3.39 consensus estimate. Revenue also topped forecasts as the company cut back on discounts and expanded its profit margins.</p><p>Amazon.com (AMZN) – The House Judiciary Committee is asking the Justice Department to start a criminal probe of Amazon, according to people familiar with the matter who spoke to the Wall Street Journal and a letter seen by the paper. The letter accuses Amazon of failing to provide information related to the examination of the company’s competitive practices. Amazon rose 1.5% in premarket action.</p><p>PepsiCo (PEP) – The beverage and snack giant suspended the sale of its soda brands in Russia, although it will continue to sell potato chips and various daily essentials like baby formula. The Wall Street Journal said PepsiCo is currently exploring various options for its Russian unit, including writing off the value of that business.</p><p>Stitch Fix (SFIX) – Stitch Fix tumbled 26.4% in the premarket after it issued weaker-than-expected sales guidance and said it continues to face challenges in getting customers to sign up for its styling service. Stitch Fix matched estimates with a quarterly loss of 28 cents per share, while the clothing styling company’s revenue topped forecasts.</p><p>Bumble (BMBL) – Bumble soared 22% in premarket trading after the dating service operator reported an adjusted quarterly profit of 13 cents per share, beating estimates of a breakeven quarter. the company also forecasts strong 2022 growth.</p><p>Gannett (GCI) – The USA Today publisher misled advertisers about where their website ads were being placed for 9 months, according to research obtained by the Wall Street Journal. 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XPO surged 13.3% in the premarket.</p><p>General Electric (GE) – GE shares gained 1.6% in premarket trading after the company’s board of directors authorized a $3 billion share repurchase program.</p><h2>Market News</h2><p>A shareholder is suing Rivian Automotive Inc., alleging the electric-vehicle startup misled investors by failing to disclose it had underpriced its vehicles and would need to raise prices after its market debut.</p><p>Japanese lenders Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. are among suitors shortlisted in the bidding of consumer lender Home Credit’s assets in Southeast Asia and India, Grab has also proceeded into the next round.</p><p>U.S. Federal prosecutors and securities regulators are investigating large bets that Barry Diller, Alexander von Furstenberg and David Geffen made on Activision Blizzard Inc shares in January, days before the videogame maker agreed to be acquired by Microsoft Corp , the Wall Street Journal reported on Tuesday.</p><p>Visa Inc. and Mastercard Inc. are preparing to increase the fees that many large merchants pay when they accept consumers’ credit cards.</p><p>China Aviation Lithium Battery Technology Co. plans to file for a Hong Kong initial public offering as early as this week, according to people familiar with the matter.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135768538","content_text":"U.S. stock index futures jumped on Wednesday after four straight sessions of losses on Wall Street as oil prices eased and investors snapped up stocks hammered by concerns over Western sanctions on Russia following its invasion of Ukraine. The tech-heavy Nasdaq 100 futures led the rebound.Market SnapshotAt 07:55 a.m. ET, Dow e-minis were up 528 points, or 1.62%, S&P 500 e-minis were up 74 points, or 1.78%, and Nasdaq 100 e-minis were up 289.75 points, or 2.18%.Pre-Market MoversCampbell Soup (CPB) – The food producer matched estimates with adjusted quarterly earnings of 69 cents per share, and revenue essentially in line with forecasts as well. Campbell’s adjusted gross margins slid 340 basis points due to cost inflation. It said demand trends are strong and the company maintained its full-year guidance issued in December. Campbell rose 1% in premarket trading.Express (EXPR) – The apparel and accessories retailer’s shares rallied 10.5% in the premarket despite a wider-than-expected quarterly loss. Express saw better-than-expected sales and a comparable-store sales increase of 43%, more than double the consensus FactSet estimate.Thor Industries (THO) – The recreational vehicle maker saw its shares jump 8.6% in premarket trading after it reported quarterly earnings of $4.79 per share, compared with the $3.39 consensus estimate. Revenue also topped forecasts as the company cut back on discounts and expanded its profit margins.Amazon.com (AMZN) – The House Judiciary Committee is asking the Justice Department to start a criminal probe of Amazon, according to people familiar with the matter who spoke to the Wall Street Journal and a letter seen by the paper. The letter accuses Amazon of failing to provide information related to the examination of the company’s competitive practices. Amazon rose 1.5% in premarket action.PepsiCo (PEP) – The beverage and snack giant suspended the sale of its soda brands in Russia, although it will continue to sell potato chips and various daily essentials like baby formula. 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Gannett told the Journal it inadvertently provided incorrect information to advertisers and regrets the error. Gannett fell 2% in premarket action.XPO Logistics (XPO) – The trucking and transportation company will split off its brokered transportation services unit into a separate company, and plans to divest its European business and its North American intermodal operation. 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