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Here are some of the biggest movers ahead of Friday’s market open:
Stock gainers:
Shares of Applied Materials Inc.
AMAT,
rose 0.5% in premarket trading after the chip-industry equipment supplier reported earnings and forecast an outlook that topped Wall Street expectations.
Hawaiian Electric Industries Inc.
HE,
was up by 15.8% in premarket trades after the utility that’s been struggling with the wildfires in Hawaii said it’s not planning to restructure.
Stock of Bloomin’ Brands Inc.
BLMN,
climbed 8% after a report in The Wall Street Journal that activist investor Starboard Value had amassed a stake in the Outback Steakhouse owner.
Shares of Ross Stores Inc.
ROST,
rose more than 5% after the retailer beat Wall Street expectations for its second quarter and raised its guidance, saying budget-conscious customers are “responding well” to its off-price offerings.
Stock decliners:
Estee Lauder Inc.
EL,
stock dropped 6% in premarket action after the cosmetics company posted better-than-expected earnings for its fiscal fourth quarter but offered guidance that lagged consensus.
Shares of Farfetch Ltd.
FTCH,
slid 35% after the luxury-fashion company reported sales that were below Wall Street expectations.
Keysight Technologies Inc.’s stock
KEYS,
tumbled 10% following a disappointing outlook from the electronics-design and test-solutions company.
China-listed ADRs were under pressure as the People’s Bank of China boosted its yuan defense and property developer China Evergrande Group filed for bankruptcy protection in New York late Thursday. Shares of JD.com Inc.
JD,
Bilibli Inc.
BILI,
and NIO Inc.
NIO,
all fell by over 3%. Shares of Alibaba Group Holding Ltd.
BABA,
dropped 2.5%.
