Apple, UPS, Bilibili rise premarket; Hibbett, Chemours fall By Investing.com

By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Tuesday, November 29th. Please refresh for updates.

• Apple (NASDAQ:) stock rose 0.5%, rebounding on Chinese COVID optimism after earlier losses on unrest at the plant of a key iPhone supplier.

• Hibbett Sports (NASDAQ:) stock fell 5.8% after the sporting goods retailer missed quarterly estimates, as higher expenses cut into its profit margins

• Chemours (NYSE:) stock fell 6% after the chemicals maker said its full-year earnings were set to fall below the low-end of its guidance range.

• United Parcel Service (NYSE:) stock rose 1.4% after Deutsche Bank upgraded its stance on the delivery giant to ‘buy’ from ‘hold’, saying all the associated macro concerns are now priced into the stock.

• Roku (NASDAQ:) stock fell 3.1% after KeyBanc downgraded the video-streaming device maker to ‘sector weight’ from ‘overweight’, saying it faces a challenging road to profitability.

• Darden Restaurants (NYSE:) stock fell 0.4% after Baird downgraded the multi-brand restaurants operator to ‘neutral’ from ‘overweight’, saying macro risks remain.

• Bilibili (NASDAQ:) stock rose over 10% after the Chinese video sharing website reported strong quarterly numbers, with the company’s daily and monthly active users increasing by 25% over a year earlier.

• HSBC (NYSE:) ADRs rose 5.1% after the U.K.-based bank said it will sell its to Royal Bank of Canada (NYSE:), its latest move to withdraw from its global ambitions in an effort to improve profitability.