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Macy's, Kohls, Nvidia Rise Premarket; Cisco Falls

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  • CSCO
  • NVDA
  • SONO
  • M
  • BA

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, November 18th. Please refresh for updates.

Cisco (NASDAQ:CSCO) stock fell 6.2% after the network equipment maker forecast current-quarter revenue growth below expectations, citing not only the semiconductor shortage but also higher transport and logistics costs in its supply chain.

Nvidia (NASDAQ:NVDA) stock rose 8.2% after the world's biggest maker of graphics and AI chips forecast fourth-quarter revenue above expectations, expecting strong growth in its data center business.

Macy’s (NYSE:M) stock rose 4.4% after the department store chain raised its full-year sales and profit outlook on Thursday, helped by customers shopping for attire as they return to offices. It's also launching its own branded, curated online marketplace, aimed at cementing the gains it has made in online shopping in the last two years.

Kohls (NYSE:KSS) stock rose 8% after the retailer reported a 16% jump in sales in the third quarter, as shoppers sought out its clothes and makeup.

Victoria's Secret (NYSE:VSCO) stock rose 8.6% after the lingerie company reported strong quarterly revenue growth and lifted its fourth-quarter guidance.

Sonos (NASDAQ:SONO) stock rose 2.5% after the audio products maker issued strong full-year revenue guidance despite posting a net loss in the last quarter.

Boeing (NYSE:BA) stock rose 2% after JPMorgan Chase upgraded its stance on the aircraft maker to ‘overweight’ from ‘neutral’, turning positive for the first time in 18 months, on the likelihood that China will soon allow its 737 MAX jet to return to its skies.

JD.com (NASDAQ:JD) ADRs rose 2.6% after the e-commerce firm reported a rise in quarterly revenue of over 25%, boosted by sustained demand for online shopping.

Coty (NYSE:COTY) stock rose 0.3% as the beauty company said a sales rebound in airport duty-free stores would help propel revenue growth for the next three years.

Alibaba (NYSE:BABA) ADRs fell 6% after China's largest e-commerce giant disappointed with its second-quarter revenue, as consumption in the country slowed and supply chain constraints weighed.

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