AMC, Salesforce, HP, Ulta Beauty: What to Watch When the Stock | Sidnaz Blog

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Here’s what we’re watching ahead of Friday’s opening bell.

  • U.S. stock futures edged higher as data showed consumers were opening their wallets in a manner consistent with lockdown measures being eased.
  • Futures tied to the S&P 500 added 0.2%, indicating that the broad market index could end the week with gains. Tech heavy Nasdaq-100 futures edged up 0.2%. Read our full market wrap here.
  • Consumer spending rose 0.5% in April, the Commerce Department said Friday. After months of buying goods, many Americans are now shelling out more for services, dining out and traveling.
What’s Coming Up
  • The University of Michigan consumer sentiment index for May, due at 10 a.m., is expected to tick up to 83 from a preliminary reading of 82.8.
Market Movers to Watch
  • Salesforce

    CRM -1.68%

    reported first-quarter results and a second-quarter outlook that beat analysts’ forecasts. The cloud-software company’s shares added 5% premarket.

  • Meme stocks are on the rise again, with

    AMC Entertainment

    AMC 35.58%

    jumped 10% ahead of the bell.


    GME 4.77%

    was up a more muted 1.4% and


    BB 5.61%

    ‘s U.S.-traded shares gained 2.3%.

  • HP

    HPQ -0.22%

    : A pandemic-fueled run on computers helped the company deliver strong financial results for the latest quarter despite a semiconductor shortage that is denting some industries. But investors seemed displeased nonetheless; HP dropped 6% premarket.

HP expects personal computers to remain a hot item into next year.


Richard B. Levine/Levine Roberts/Zuma Press

  • Big Lots

    BIG -1.72%

    slipped 4.2% premarket after it reported a quarterly rise in sales and profit, but said it still lacked sufficient visibility to provide full-year guidance.

  • Hibbett Sports

    HIBB 3.18%

    shares jumped 8.2% premarket. The sporting-goods retailer lifted its full-year guidance and expanded its stock-buyback program.

  • Costco

    COST 0.49%

    reported $45.28 billion in revenue for its quarter that ended May 9, up almost 22% from the same period last year—but its shares nudged down 0.9% ahead of the bell.

  • Ulta Beauty

    ULTA 0.27%

    swung to a profit during its latest quarter as sales picked up with the economy in the U.S. rebounding. The beauty retailer’s shares climbed 4.7% premarket.

  • Plant-based meat maker

    Beyond Meat

    BYND 12.52%

    ‘s shares were up 5.2% premarket. Credit Suisse on Thursday lifted its price target on the stock, but to $123—ahead of the bell it was already more than $149.

Market Facts
  • The British pound on Thursday hit a new 52-week high against the U.S. dollar, with one pound trading for $1.4203.
  • This year has seen cryptocurrency ethereum’s value soar nearly fourfold, even after a sharp correction over the past few weeks.
  • On this day in 1946, with the stock market still euphoric over peace, the Dow Jones Industrial Average hit its immediate post-World War II high of 212.50, a level it would not surpass again until April 12, 1950—after nearly four years of chronic doldrums.
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