Premarket Movers Friday - Rocket Companies, DoorDash
Stock futures traded mixed Friday following a sharp selloff that sank both equities and Treasuries.
Things you must know in the stock market Friday include Salesforce's (CRM) - Get Report sales growth rate disappointed, DoorDash (DASH) - Get Report warns growth will slow as the economy reopens, and DraftKings (DKNG) - Get Report reported earnings.
Here are some of the top movers during premarket trading on Friday.
1. Rocket Companies RKT | Up 13%
Shares of Rocket Companies (RKT) - Get Report rose sharply Friday morning after the Detroit company reported earnings of more than $2.8 billion on revenue of nearly $4.7 billion in the fourth quarter.
2. DoorDash DASH | Down 10%
Shares of DoorDash (DASH) - Get Report slipped in premarket trading after the company reported a loss of $312 million, or $2.67 a share, in its first earnings report as a public company.
DoorDash reported revenue of $970 million, exceeding analysts' estimates of $938 million.
3. Foot Locker FL | Down 8%
Shares of Foot Locker (FL) - Get Report plunged early Friday after the athletic apparel retailer posted weaker-than-expected fourth-quarter sales and held back on its 2021 profit guidance.
Quarterly revenue came in below Wall Street forecasts and comparable-store sales unexpectedly declined.
Group revenue fell 1.4% to $2.19 billion, missing analysts' estimates of $2.29 billion, as same-store sales slipped 2.7% from last year.
4. Salesforce CRM | Down 2.2%
Shares of Salesforce (CRM) - Get Report slipped Friday in early morning trade after the software sales-tracking giant cautioned on future growth due to its integration of Slack (WORK) - Get Report, prompting several analysts to lower their one-year price targets.
The company reported better-than-expected earnings of $1.04 a share, higher than the 75 cents a share estimated by analysts.
5. DraftKings DKNG | Up 1.4%
Shares of sports-betting platform DraftKings (DKNG) - Get Report rose Friday after it reported better-than-expected fourth-quarter revenue and raised its full-year revenue forecast.
6. Etsy ETSY | Up 8.8%
Shares of Etsy (ETSY) - Get Report rose after the retailer posted fourth-quarter earnings and revenue that exceeded analysts' expectations.
Etsy also issued an upbeat forecast for the present quarter.