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Stocks - JP Morgan, Apple, Walmart, Target Gain in Pre-market; Kroger Tumbles

Stocks in focus in pre-market trade on Thursday.

Investing.com - Stocks in focus in pre-market trade Thursday:

• JP Morgan (NYSE:JPM) stock edged forward 0.30% by 8:08 AM ET (12:08 GMT) as U.S. President Donald Trump said that chief executive Jamie Dimon “doesn’t have the aptitude or ‘smarts’” to be president. Trump’s tweet was a response to Dimon’s claim on Wednesday that he could beat Trump in a presidential race because he is “as tough” and “smarter”.

• Apple (NASDAQ:AAPL) stock bounced back 0.75% after shares declined on Wednesday when it revealed new products at its keynote event. Although most analysts commented that the event was in line with expectations, their remarks overall were upbeat.

• Walmart (NYSE:WMT) stock gained 0.31% as its Jet.com e-commerce unit announced it will sell Nike (NYSE:NKE) products and offer more delivery options.

• Target (NYSE:TGT) stock rose 0.26% after the company said it would hire 20% more workers for this holiday season and planned on doubling the number of jobs dedicated to orders online.

• Kroger (NYSE:KR) stock tumbled 8.98% as quarterly same-store sales missed estimates.

• Hershey (NYSE:HSY) stock could see movement in the regular session after the company announced it would pay $420 million to acquire Pirate Brands, including the Pirate’s Booty, Smart Puffs and Original Tings brands.

• Impinj (NASDAQ:PI) skyrocketed 37.11% after providing third-quarter guidance on revenue and earnings per share that beat consensus.

• Pivotal Software (NYSE:PVTL) plunged 26.06% despite reporting mostly better-than-expected second quarter results, but a miss on billings. Analysts commented that the stock is still up around 50% since going public earlier this year.

• Progenics Pharmaceuticals (NASDAQ:PGNX) plummeted 19.86% after announcing that a Phase 3 clinical trial for its prostate cancer imaging agent failed.

• Carnival (NYSE:CCL) stock lost 1.10% as traders worry over possible cruise cancellations due to Hurricane Florence, which is heading right for the U.S. east coast, Tropical Storm Isaac in the eastern Caribbean and a developing tropical depression in the southern Gulf of Mexico.

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