US stock futures dip as Nvidia earnings spark little cheer
Investing.com -- U.S. stock futures edged higher Wednesday, with investors wary ahead of quarterly results from tech giant Nvidia, which are likely to drive sentiment going forward.
Here are some of the biggest premarket U.S. stock movers today:
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Nvidia (NASDAQ:NVDA) stock rose 0.6% with the chip designer, a key barometer of the artificial intelligence boom, set to report its fiscal second quarter results after the market close. Its results are likely to set the tone for near-term risk appetite.
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Kohl’s (NYSE:KSS) stock soared 16% after the department store chain raised its annual profit forecast as it reined in costs amid efforts to bring back customers during the key holiday shopping season.
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MongoDB (NASDAQ:MDB) stock soared 30% after the developer data platform beat Wall Street expectations for second-quarter results and issued third-quarter and full-year guidance above analyst estimates as well.
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Okta (NASDAQ:OKTA) stock rose 4.3% after the identity security provider beat earnings estimates and lifted its full-year revenue outlook.
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PVH (NYSE:PVH) stock gained 6.5% after the fashion holding company boosted its forecast for the current year following stronger sales in the second quarter on celebrity partnerships and entertainment deals.
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Canada Goose (NYSE:GOOS) stock soared 13% after CNBC reported that controlling shareholder Bain Capital has received bids to take the luxury goods maker private at a valuation of about $1.4 billion.
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JM Smucker (NYSE:SJM) stock fell 5% after the packaged food maker’s profit outlook for the year missed analyst estimates, even as it raised its sales outlook for the year.
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Newmont Goldcorp (NYSE:NEM) stock fell 0.6% after Bloomberg reported the gold miner is planning to cut jobs in a sweeping cost-cutting drive.