Stocks making the biggest moves premarket: Walmart, Hewlett Packard Enterprise, Instacart, Broadstone Net Lease and more
Check out the companies making headlines in premarket trading. Walmart — The big-box retailer slipped more than 2% . Walmart fiscal second-quarter revenue beat analyst estimates . Adjusted earnings of 68 cents per share may not have compared with the LSEG consensus estimate of 74 cents. The country’s largest retailer raised its full-year earnings and sales outlook, also noting that costs are rising due to higher tariffs. Nordson Corp . — The adhesive and coatings maker rallied more than 5% on better-than-expected earnings and revenue. Nordson said that full-year sales are currently tracking slightly above the midpoint of its original guidance given earlier this year. Cracker Barrel Old Country Store — The restaurant and gift shop chain fell about 2%. The company unveiled an updated logo earlier this week, sparking some criticism on social media . Instacart — The grocery delivery company dropped nearly 3%. Wedbush downgraded Instacart to underperform on Thursday, with analyst Scott Devitt citing stiffening competition as a potential headwind. Hewlett Packard Enterprise — The technology services company advanced more than 3% after Morgan Stanley upgraded its investment rating to overweight . Analyst Erik Woodring said HPE’s forthcoming quarterly results could be a positive catalyst for the stock. Broadstone Net Lease — Shares of the real estate investment trust rose almost 2% after Goldman Sachs double upgraded to buy from sell. Goldman said Broadstone’s development pipeline has created reliable earnings growth and can narrow a valuation gap. — CNBC’s Alex Harring and Michelle Fox contributed reporting.
