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Constellation Brands, Shell, FedEx rise premarket; Costco falls

Published 06/04/2023, 10:10 pm
Updated 06/04/2023, 10:10 pm
© Reuters.

© Reuters.

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, April 6th. Please refresh for updates.

  • Costco (NASDAQ:COST) stock fell 2.3% after the wholesaler reported a further slowdown in sales in March, in the latest sign of U.S. consumers tightening their belts.

  • Constellation Brands (NYSE:STZ) stock rose 0.2% after the brewer of Corona raised its quarterly dividend by 11% even as it reported quarterly revenue short of expectations.

  • Barclays (NYSE:BCS) ADRs rose 1.5% after the investor advisory firm Glass Lewis recommended shareholders vote against its pay for top bosses because of long-term bonuses awarded to its former finance chief at a time the bank sold billions of pounds of securities in error.

  • Shell (NYSE:SHEL) ADRs rose 1.2% after the energy giant said its first quarter gas trading will resemble the strong numbers posted in the final three months of 2022.

  • FedEx (NYSE:FDX) stock rose 1.1% after Raymond James upgraded the delivery giant to ‘outperform’ from ‘market perform’, citing bullish sentiment surrounding its latest investor event in New York.

  • Polestar (NASDAQ:PSNY) stock rose 2.9% after the Swedish electric vehicle manufacturer said it delivered 12,000 cars in the first quarter, around 26% higher than the previous year.

  • Pure Storage (NYSE:PSTG) stock rose 2.5% after Wedbush upgraded the data storage company to ‘outperform’ from ‘neutral’, while Super Micro (NASDAQ:SMCI) stock fell 3.3% after Wedbush downgraded the computer hardware manufacturer to ‘underperform’ from ‘neutral’.

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