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trevor89
2022-11-30

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Pre-Bell｜U.S. Stock Futures Edge Higher; Hot Chinese ADRs Shine

U.S. stock futures edged up ahead of comments by Federal Reserve Chairman Jerome Powell that could s

Pre-Bell｜U.S. Stock Futures Edge Higher; Hot Chinese ADRs Shine

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玉树临风英俊
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BenYSLim
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Earnings beat estimates, but sales came up short of Wall Street forecasts. Hormel issued a weaker than expected outlook and said it expected a continued volatile and high cost environment.</p><p>Petco(WOOF)<b>–</b>Petco’s adjusted quarterly earnings of 16 cents per share matched Street forecasts, but revenue was slightly above estimates. A comparable store sales rise of 4.1% beat the FactSet consensus estimate of a 3.5% increase. The pet products retailer’s stock rallied 8% in premarket trading.</p><p>CrowdStrike(CRWD) – CrowdStrike plunged 17.6% in the premarket after the cybersecurity company’s subscription numbers came in below analyst forecasts. CrowdStrike reported better than expected profit and revenue for its latest quarter, but economic uncertainty is prompting customers to delay spending.</p><p>Horizon Therapeutics(HZNP) – Horizon soared 32.9% in off-hours trading after the drug maker said it was in preliminary talks about a possible sale with several large pharma companies, including Amgen (AMGN), Sanofi (SNY) and Johnson &amp; Johnson’s (JNJ) Janssen Global Services unit.</p><p>State Street(STT)<b>–</b>State Street added 3.5% in premarket action after announcing an agreement to terminate its planned $3.5 billion purchase of Brown Brothers Harriman’s Investor Services unit. State Street cited difficulties in gaining the approval of regulators for the deal.</p><p>Biogen(BIIB)<b>–</b>Biogen shares rose 3.6% in premarket action after partner Esai said it believed two deaths in the trial of their experimental Alzheimer’s drug could not be attributed to the treatment. Biogen stock fell earlier in the week when the report of the second death first surfaced. Data from the trial showed that the drug slowed cognitive decline but could carry a risk of serious side effects.</p><p>NetApp(NTAP) – NetApp tumbled 10.9% in the premarket on a weaker than expected forecast from the cloud computing company, which reported better than expected quarterly earnings.</p><p>Workday(WDAY)<b>–</b>Workday shares rallied 9.6% in off-hours trading after the maker of human resources software lifted its outlook and announced a share buyback program. Workday also reporter better than expected top and bottom line results for its latest quarter.</p><p>Hewlett Packard Enterprise(HPE) – Hewlett Packard Enterprise added 1.9% in the premarket after the enterprise computing company reported record quarterly sales and issued strong revenue guidance.</p><h2>Market News</h2><h3>Xpeng Warns of Slump in Vehicle Deliveries After Q3 Loss Widens</h3><p>Chinese electric vehicle maker <a href=\"https://laohu8.com/S/XPEV\">Xpeng</a> on Wednesday warned that its vehicle deliveries could more than halve in the current three-month period, and reported a wider loss for the third quarter due to a rise in expenses.</p><p>It also forecast a 40.4%-43.9% drop in fourth quarter revenue to between 4.8 billion yuan ($677.49 million) and 5.1 billion yuan.</p><h3>BYD Set to Be China&#39;s Top-Selling Car Brand for Nov, Tesla Gains</h3><p><a href=\"https://laohu8.com/S/BYDDY\">BYD</a> was the top-selling car brand in China in the first four weeks of November, brokerage data showed, outperforming the Volkswagen brand in a reversal that highlights the pressure on legacy brands in the world&#39;s largest auto market.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>&#39;s retail sales in China also nearly doubled in November, from a year earlier, after the U.S. automaker cut prices and offered incentives on its Model 3 and Model Y, the data from China Merchants Bank International (CMBI) showed.</p><h3>CrowdStrike Plunged on Current-Quarter Revenue Forecast Below Estimates</h3><p>CrowdStrike Holdings Inc on Tuesday forecast fourth-quarter revenue below Wall Street estimates, as an economic downturn hit spending for its cyber security services.</p><p>Shares of the Austin, Texas-based company fell more than 20% in premarket trading.</p><h3>KE Holdings Reports Q3 Earnings Beat; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜U.S. Stock Futures Edge Higher; Hot Chinese ADRs Shine\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-11-30 20:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock futures edged up ahead of comments by Federal Reserve Chairman Jerome Powell that could shed light on the path of interest rates.</p><h2>Market Snapshot</h2><p>At 7:50 a.m. ET, Dow e-minis were up 18 points, or 0.05%, S&amp;P 500 e-minis were up 6.5 points, or 0.16%, and Nasdaq 100 e-minis were up 35.25 points, or 0.31%.</p><p><img src=\"https://static.tigerbbs.com/a3b6aad6a0e218cfe2b8d724f413c8e5\" tg-width=\"1080\" tg-height=\"372\" width=\"100%\" height=\"auto\"/></p><h2>Pre-Market Movers</h2><p>Hormel(HRL)<b>–</b>The food producer’s stock slid 6.4% in the premarket after reporting a mixed quarter. Earnings beat estimates, but sales came up short of Wall Street forecasts. Hormel issued a weaker than expected outlook and said it expected a continued volatile and high cost environment.</p><p>Petco(WOOF)<b>–</b>Petco’s adjusted quarterly earnings of 16 cents per share matched Street forecasts, but revenue was slightly above estimates. A comparable store sales rise of 4.1% beat the FactSet consensus estimate of a 3.5% increase. The pet products retailer’s stock rallied 8% in premarket trading.</p><p>CrowdStrike(CRWD) – CrowdStrike plunged 17.6% in the premarket after the cybersecurity company’s subscription numbers came in below analyst forecasts. CrowdStrike reported better than expected profit and revenue for its latest quarter, but economic uncertainty is prompting customers to delay spending.</p><p>Horizon Therapeutics(HZNP) – Horizon soared 32.9% in off-hours trading after the drug maker said it was in preliminary talks about a possible sale with several large pharma companies, including Amgen (AMGN), Sanofi (SNY) and Johnson &amp; Johnson’s (JNJ) Janssen Global Services unit.</p><p>State Street(STT)<b>–</b>State Street added 3.5% in premarket action after announcing an agreement to terminate its planned $3.5 billion purchase of Brown Brothers Harriman’s Investor Services unit. State Street cited difficulties in gaining the approval of regulators for the deal.</p><p>Biogen(BIIB)<b>–</b>Biogen shares rose 3.6% in premarket action after partner Esai said it believed two deaths in the trial of their experimental Alzheimer’s drug could not be attributed to the treatment. Biogen stock fell earlier in the week when the report of the second death first surfaced. Data from the trial showed that the drug slowed cognitive decline but could carry a risk of serious side effects.</p><p>NetApp(NTAP) – NetApp tumbled 10.9% in the premarket on a weaker than expected forecast from the cloud computing company, which reported better than expected quarterly earnings.</p><p>Workday(WDAY)<b>–</b>Workday shares rallied 9.6% in off-hours trading after the maker of human resources software lifted its outlook and announced a share buyback program. Workday also reporter better than expected top and bottom line results for its latest quarter.</p><p>Hewlett Packard Enterprise(HPE) – Hewlett Packard Enterprise added 1.9% in the premarket after the enterprise computing company reported record quarterly sales and issued strong revenue guidance.</p><h2>Market News</h2><h3>Xpeng Warns of Slump in Vehicle Deliveries After Q3 Loss Widens</h3><p>Chinese electric vehicle maker <a href=\"https://laohu8.com/S/XPEV\">Xpeng</a> on Wednesday warned that its vehicle deliveries could more than halve in the current three-month period, and reported a wider loss for the third quarter due to a rise in expenses.</p><p>It also forecast a 40.4%-43.9% drop in fourth quarter revenue to between 4.8 billion yuan ($677.49 million) and 5.1 billion yuan.</p><h3>BYD Set to Be China&#39;s Top-Selling Car Brand for Nov, Tesla Gains</h3><p><a href=\"https://laohu8.com/S/BYDDY\">BYD</a> was the top-selling car brand in China in the first four weeks of November, brokerage data showed, outperforming the Volkswagen brand in a reversal that highlights the pressure on legacy brands in the world&#39;s largest auto market.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>&#39;s retail sales in China also nearly doubled in November, from a year earlier, after the U.S. automaker cut prices and offered incentives on its Model 3 and Model Y, the data from China Merchants Bank International (CMBI) showed.</p><h3>CrowdStrike Plunged on Current-Quarter Revenue Forecast Below Estimates</h3><p>CrowdStrike Holdings Inc on Tuesday forecast fourth-quarter revenue below Wall Street estimates, as an economic downturn hit spending for its cyber security services.</p><p>Shares of the Austin, Texas-based company fell more than 20% in premarket trading.</p><h3>KE Holdings Reports Q3 Earnings Beat; Initiates Q4 Guidance</h3><p>KE Holdings reports Q3 Non-GAAP EPADS of $0.22  beats by $0.09. Revenue of $2.5B (-11.0% Y/Y)  beats by $140M. Gross transaction value was $103.6B, a decrease of 11.3% Y/Y.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160388266","content_text":"U.S. stock futures edged up ahead of comments by Federal Reserve Chairman Jerome Powell that could shed light on the path of interest rates.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were up 18 points, or 0.05%, S&P 500 e-minis were up 6.5 points, or 0.16%, and Nasdaq 100 e-minis were up 35.25 points, or 0.31%.Pre-Market MoversHormel(HRL)–The food producer’s stock slid 6.4% in the premarket after reporting a mixed quarter. Earnings beat estimates, but sales came up short of Wall Street forecasts. Hormel issued a weaker than expected outlook and said it expected a continued volatile and high cost environment.Petco(WOOF)–Petco’s adjusted quarterly earnings of 16 cents per share matched Street forecasts, but revenue was slightly above estimates. A comparable store sales rise of 4.1% beat the FactSet consensus estimate of a 3.5% increase. The pet products retailer’s stock rallied 8% in premarket trading.CrowdStrike(CRWD) – CrowdStrike plunged 17.6% in the premarket after the cybersecurity company’s subscription numbers came in below analyst forecasts. CrowdStrike reported better than expected profit and revenue for its latest quarter, but economic uncertainty is prompting customers to delay spending.Horizon Therapeutics(HZNP) – Horizon soared 32.9% in off-hours trading after the drug maker said it was in preliminary talks about a possible sale with several large pharma companies, including Amgen (AMGN), Sanofi (SNY) and Johnson & Johnson’s (JNJ) Janssen Global Services unit.State Street(STT)–State Street added 3.5% in premarket action after announcing an agreement to terminate its planned $3.5 billion purchase of Brown Brothers Harriman’s Investor Services unit. State Street cited difficulties in gaining the approval of regulators for the deal.Biogen(BIIB)–Biogen shares rose 3.6% in premarket action after partner Esai said it believed two deaths in the trial of their experimental Alzheimer’s drug could not be attributed to the treatment. Biogen stock fell earlier in the week when the report of the second death first surfaced. Data from the trial showed that the drug slowed cognitive decline but could carry a risk of serious side effects.NetApp(NTAP) – NetApp tumbled 10.9% in the premarket on a weaker than expected forecast from the cloud computing company, which reported better than expected quarterly earnings.Workday(WDAY)–Workday shares rallied 9.6% in off-hours trading after the maker of human resources software lifted its outlook and announced a share buyback program. Workday also reporter better than expected top and bottom line results for its latest quarter.Hewlett Packard Enterprise(HPE) – Hewlett Packard Enterprise added 1.9% in the premarket after the enterprise computing company reported record quarterly sales and issued strong revenue guidance.Market NewsXpeng Warns of Slump in Vehicle Deliveries After Q3 Loss WidensChinese electric vehicle maker Xpeng on Wednesday warned that its vehicle deliveries could more than halve in the current three-month period, and reported a wider loss for the third quarter due to a rise in expenses.It also forecast a 40.4%-43.9% drop in fourth quarter revenue to between 4.8 billion yuan ($677.49 million) and 5.1 billion yuan.BYD Set to Be China's Top-Selling Car Brand for Nov, Tesla GainsBYD was the top-selling car brand in China in the first four weeks of November, brokerage data showed, outperforming the Volkswagen brand in a reversal that highlights the pressure on legacy brands in the world's largest auto market.Tesla's retail sales in China also nearly doubled in November, from a year earlier, after the U.S. automaker cut prices and offered incentives on its Model 3 and Model Y, the data from China Merchants Bank International (CMBI) showed.CrowdStrike Plunged on Current-Quarter Revenue Forecast Below EstimatesCrowdStrike Holdings Inc on Tuesday forecast fourth-quarter revenue below Wall Street estimates, as an economic downturn hit spending for its cyber security services.Shares of the Austin, Texas-based company fell more than 20% in premarket trading.KE Holdings Reports Q3 Earnings Beat; Initiates Q4 GuidanceKE Holdings reports Q3 Non-GAAP EPADS of $0.22  beats by $0.09. Revenue of $2.5B (-11.0% Y/Y)  beats by $140M. Gross transaction value was $103.6B, a decrease of 11.3% 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