Stocks - Guess, Walt Disney Rise in Premarket; Best Buy Falls

29 August 2019, 17: 28
© Reuters.

Stocks in focus in premarket trading on Thursday:

• Walt Disney (NYSE:DIS) stock rose 1.7% after a UBS survey found that 43% of households intended to subscribe to the company’s Disney+ streaming service, which is much more than the 20% to 30% Disney projected.

 

• Best Buy (NYSE:BBY) stock was down 5.4% in premarket trade by 8:20 AM ET (12:20 GMT) after it lowered its guidance for the rest of the year, citing the impact of higher tariffs on imported Chinese goods.

 

 

•Abercrombie & Fitch (NYSE:ANF) stock slumped 9.8% on soft sales, as comparable store sales growth ground to a halt and the company warned that scheduled tariff increases would hit profit margins over the rest of this fiscal year.

 

 

• Guess? (NYSE:GES) stock jumped 16.2% after its quarterly profit came in above forecasts due to stronger sales and improved expense management.

 

• Dollar General (NYSE:DG) stock gained 8.2% after it beat Wall Street estimates, as comparable store sales rose 4%.

• Dollar Tree (NASDAQ:DLTR) stock jumped 5.4% after the dollar store chain beat forecasts for its second-quarter revenue and same store sales.