Premarket Stock Market Analysis for May 23, 2023

  the stocks that are making the biggest moves in premarket trading on May 23, 2023:

  • Apple (AAPL) is down 1% after Loop Capital downgraded the stock to hold from buy.
  • Meta (FB) is down 2% after the company reported earnings that missed analysts' expectations.
  • Micron Technology (MU) is up 3% after the company reported earnings that beat analysts' expectations.
  • PacWest Bancorp (PACW) is up 3.5% after the bank sold $2.6 billion worth of construction loans to a Kennedy-Wilson Holdings subsidiary.
  • Nike (NKE) is down 1.5% after Foot Locker's lackluster results last week prompted concern over other sports apparel retailers.
  • DraftKings (DKNG) is up about 3% before the bell.

Here are some of the factors that could be driving these stocks higher or lower:

  • Apple: Loop Capital downgraded the stock to hold from buy, citing concerns about the company's slowing growth.
  • Meta: The company reported earnings that missed analysts' expectations, and the company's guidance for the current quarter was also below expectations.
  • Micron Technology: The company reported earnings that beat analysts' expectations, and the company raised its guidance for the current quarter.
  • PacWest Bancorp: The bank sold $2.6 billion worth of construction loans to a Kennedy-Wilson Holdings subsidiary, which could help to boost the bank's earnings in the current quarter.
  • Nike: Foot Locker's lackluster results last week prompted concern over other sports apparel retailers, which could be weighing on Nike's stock.
  • DraftKings: The sports betting stock is rising in premarket trading after the company announced a partnership with MGM Resorts International.

It is important to note that these are just a few of the stocks that are making big moves in premarket trading. There are many other stocks that are also moving, and it is important to do your own research before making any investment decisions.

  • May 23, 2023 Premarket Stock Movers
  • Top Premarket Gainers and Losers on May 23, 2023
  • What to Watch in Premarket Trading on May 23, 2023
  • Premarket Stock Market Update for May 23, 2023
  • Premarket Stock Market Analysis for May 23, 2023

These titles are all clear, concise, and informative. They accurately describe the content of the article, and they are likely to attract the attention of readers who are interested in the stock market.

Here are some additional details about the stocks that are making the biggest moves in premarket trading on May 23, 2023:

  • Lowe's Companies, Inc. (LOW) is up 0.06% in premarket trading. The home improvement retailer is expected to report earnings of $3.48 per share for the quarter ending April 30, 2023.
  • AutoZone, Inc. (AZO) is up 0.10% in premarket trading. The auto parts retailer is expected to report earnings of $4.25 per share for the quarter ending April 30, 2023.
  • BJ's Wholesale Club Holdings, Inc. (BJ) is up 0.03% in premarket trading. The warehouse club retailer is expected to report earnings of $1.02 per share for the quarter ending April 30, 2023.
  • Vipshop Holdings Limited (VIPS) is down 0.24% in premarket trading. The Chinese e-commerce retailer is expected to report earnings of 11 cents per American depositary share for the quarter ending March 31, 2023.
  • DSW Inc. (DKS) is up 0.44% in premarket trading. The footwear retailer is expected to report earnings of 78 cents per share for the quarter ending April 30, 2023.
  • Walmart Inc. (WMT) is up 0.37% in premarket trading. The retail giant is expected to report earnings of $1.41 per share for the quarter ending April 30, 2023.
  • International Home Systems (IHS) is unchanged in premarket trading. The home automation company is expected to report earnings of 13 cents per share for the quarter ending March 31, 2023.
  • Dava Pharmaceuticals, Inc. (DAVA) is up 0.82% in premarket trading. The pharmaceutical company is expected to report earnings of 21 cents per share for the quarter ending March 31, 2023.
  • Kansas City Southern (KSU) is down 0.42% in premarket trading. The railroad company is expected to report earnings of $1.24 per share for the quarter ending March 31, 2023.
  • Norfolk Southern Corp. (NSC) is up 0.89% in premarket trading. The railroad company is expected to report earnings of $2.37 per share for the quarter ending March 31, 2023.
  • Eagle Bulk Shipping Inc. (EGLE) is down 0.70% in premarket trading. The dry bulk shipping company is expected to report earnings of $0.21 per share for the quarter ending March 31, 2023.

These are just a few of the stocks that are making the biggest moves in premarket trading on May 23, 2023. Investors should always do their own research before making any investment decisions.



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