© Reuters.
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Thursday, November 17th. Please refresh for updates.
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Kohl’s (NYSE:) stock fell 3% after the retailer withdrew its 2022 sales and profit forecasts, citing an uncertain economic outlook and the departure of top boss Michelle Gass.
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Macy’s (NYSE:) stock rose 5% after the upscale department store chain raised its annual profit forecast on resilient demand from wealthier shoppers.
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Cisco (NASDAQ:) stock rose 4.2% after the company first quarter revenue estimates, as easing supply chain constraints helped meet demand for its broad networking products portfolio.
- Sonos (NASDAQ:) stock rose 2.6% after the wireless home sound system maker fourth quarter earnings and revenue expectations while announcing a new common stock repurchase program of up to $100 million.
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Alibaba (NYSE:) stock fell 1.3% after the Chinese e-commerce giant reported a surprise loss after a smaller-than-expected rise in as COVID-19 curbs and a worsening economic outlook stifled consumer spending.
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Bath & Body Works (NYSE:) stock soared 21% after the retail chain raised its full-year guidance following stronger-than-expected .
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Activision Blizzard (NASDAQ:) stock fell 0.9% after the video game developer announced it was ending its 14-year partnership with Chinese gaming company NetEase (NASDAQ:), down 0.7%, shutting down hit games like World of Warcraft in China.
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