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Five Below, Dollar General, Southwest Airlines rise premarket; Signet falls

investing.com 05/12/2024 - 13:04 PM

US Stock Futures Steady Ahead of Labor Market Data

US stock futures steadied Thursday, ahead of weekly labor market data as well as more retail sector earnings.

Biggest Premarket US Stock Movers:

  • Dollar General (NYSE:DG) stock rose 1.9% after the discount chain operator reported third-quarter revenue that surpassed expectations, while also trimming the upper end of its annual profit forecast due to hurricane-related expenses.

  • Southwest Airlines (NYSE:LUV) stock rose 2.2% after the carrier revised its fourth-quarter revenue per available seat mile forecast upward, citing stronger pricing and a resurgence in domestic travel demand.

  • Five Below (NASDAQ:FIVE) stock rose 14% after the discount retailer reported better-than-expected third-quarter results, raised its full-year outlook, and announced the appointment of a new CEO.

  • American Eagle Outfitters (NYSE:AEO) stock slumped 13% after the retailer cut its target for annual comparable sales growth, indicating potential volatility in apparel demand during the critical holiday season.

  • Signet Jewelers (NYSE:SIG) stock fell 14% after the diamond jewelry retailer missed expectations for Q3 earnings and revenue.

  • SentinelOne (NYSE:S) stock dropped 14% after the cybersecurity firm missed estimates for third-quarter profit, with underwhelming guidance.

  • Synopsys (NASDAQ:SNPS) stock fell 8.2% after the chip design software firm forecast fiscal 2025 revenue below expectations, partly due to a slump in China sales.

  • Coinbase Global (NASDAQ:COIN) stock rose 4.8%, benefiting from the gains in Bitcoin, the world’s most popular digital currency, which surpassed the $100,000 level.




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