Premarket Movers Thursday - Victoria's Secret, Nvidia, Kohl's
Stock futures were higher Thursday after a wave of retail earnings boosted investor confidence ahead of the start of the holiday season.
Here are some of the top movers ahead of Thursday's market action.
1. Nvidia NVDA | Up 8.6%
Shares of Nvidia (NVDA) - Get Free Report rose after the chipmaker posted stronger-than-expected third quarter earnings and gave both an upbeat near-term outlook and a bullish take on developing opportunities in the so-called metaverse.
2. Victoria's Secret VSCO | Up 11%
Shares of Victoria's Secret (VSCO) - Get Free Report rose after the lingerie retailer exceeded earnings forecasts for the recent quarter.
3. Macy's M | Up 10%
Shares of Macy's (M) - Get Free Report jumped after the retailer posted stronger-than-expected third-quarter earnings, while lifting its full-year sales and profit guidance.
4. Kohl's KSS | Up 8%
Shares of Kohl's (KSS) - Get Free Report rose sharply after it posted much stronger-than-expected third quarter earnings while raising its full-year earnings guidance. Retailers continue to see improving demand despite inflation concerns and supply-chain disruptions.
5. Cisco CSCO | Down 7.1%
Shares of Cisco (CSCO) - Get Free Report fell after the telecom-equipment giant gave lower-than-expected guidance for the current quarter.