By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, March 2nd. Please refresh for updates.
Nordstrom (NYSE:JWN) stock soared 31% after the department store chain forecast full-year revenue and profit above estimates on Tuesday, signaling strong demand for its upscale apparel and footwear.
SoFi Technologies (NASDAQ:SOFI) stock rose 15% after the personal finance company grew its revenue by 54% YoY in the fourth quarter and posted a much narrower loss.
Ford (NYSE:F) stock rose 3.8% after the auto giant announced it would run its electric vehicle and internal-combustion engine units would be run as separate entities, in a move aimed at boosting the importance of its EV business.
Dollar Tree (NASDAQ:DLTR) stock fell 3.73% after the discount store chain missed expectations for quarterly sales, hurt by product shortages due to global supply chain disruptions.
Abercrombie & Fitch (NYSE:ANF) stock fell 10.6% after the clothes retailer missed quarterly sales estimates with COVID-19 curbs in some places taking the shine off holiday season business.
Ross Stores (NASDAQ:ROST) stock rose 7% after the discount store chain boosted the long-term targets for rolling out its off-price apparel and home fashion stores, while rolling out a new two-year program to repurchase up to $1.9 billion of stock.
Salesforce (NYSE:CRM) stock rose 4.2% after the software company raised its annual sales forecast, basing its optimism on the evolving hybrid work environment generating demand for its customer relations software.
Hewlett Packard Enterprise (NYSE:HPE) stock rose 4.9% after the IT and hardware firm raised its FY22 profit outlook due to robust demand and profitability.
Walmart (NYSE:WMT) stock rose 0.4% after the retail giant rolled out a new high-tech feature that allows shoppers to virtually try on clothes, the first implementation of Zeekit, a startup that Walmart acquired in May.
AMC Entertainment (NYSE:AMC) stock rose 0.76% after the cinema theater chain beat estimates for fourth quarter revenue, helped by box office hits such as "Spider-Man: No Way Home" and the James Bond film "No Time To Die".
DraftKings (NASDAQ:DKNG) stock rose 2.2% after Morgan Stanley named the sports betting company its top pick in its gaming coverage, seeing more than 30% potential upside.