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Today's Pre-Market Stock Movers: WMT, BABA, CSCO, TTWO and More

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Movers and Shakers wrote a column · May 18, 2023 07:38
Gapping up
$Walmart(WMT.US)$ +1.5% ( The company raised its full-year forecast and reported an almost 8% gain in sales for the fiscal first quarter, pointing to strength in its large grocery business that helped offset weaker sales in clothing and electronics. Walmart also reported stronger-than-expected adjusted earnings and revenue, according to Refinitiv.)
$Take-Two Interactive Software(TTWO.US)$ +14% ( The company posted better-than-expected revenue for its fiscal fourth quarter. Take-Two Interactive shared a weaker-than-expected outlook, but signaled that a strong future gaming slate could fuel strong growth thereafter.)
$Bath & Body Works(BBWI.US)$ +10% ( The company posted stronger-than-expected earnings and revenue for the latest quarter. Bath & Body Works also raised its full-year earnings guidance.)
Regional bank stocks — Shares of many hard-hit regional banks stocks rose before the bell, building on Wednesday’s gains. ( PacWest, Western Alliance and Zions Bancorporation gained 7%, 3.9% and 1.3%, respectively. The SPDR S&P Regional Banking ETF added more than 1%. )
$Micron Technology(MU.US)$ +2% ( It plans to make a multibillion-dollar investment in Japan to foster dynamic random access memory chip production there.)
$Synopsys(SNPS.US)$ +2% ( After reporting better-than-expected quarterly results, the software company also shared stronger-than-expected revenue and earnings growth guidance for the full year.)
$Sony(SONY.US)$ +4% ( The company announced it will begin assessing a partial spin-off of its financial services business. Sony would list shares of Sony Financial Group in about two to three years and still own about 20% of the business.)
Gapping down
$Boot Barn Holdings(BOOT.US)$ -13% ( Boot Barn reported fiscal third-quarter revenue and guidance that fell short of Wall Street' s expectations.)
$Cisco(CSCO.US)$ - 4% ( The company reported a 23% decline in orders for the fiscal third quarter.)
$Alibaba(BABA.US)$ -1% ( Posting mixed results for the recent quarter. Revenue fell short of Wall Street' s expectations. Alibaba also said it plans to list its cloud division.)
Source: CNBC
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