Stocks making the biggest moves in the premarket: Macy’s, H&R Block, Peloton, Exxon & more

Take a look at some of the biggest movers in the premarket:

Macy’s (M) – The retailer lost 81 cents per share for its second quarter, less than the $1.77 a share loss that Wall Street analysts were expecting. Revenue also beat Wall Street forecasts. Comparable-store sales fell more than expected, but Macy’s also saw a 53% jump in digital sales.

H&R Block (HRB) – The tax preparation firm reported quarterly profit of 55 cents per share, 5 cents a share above estimates. Revenue was slightly below Wall Street forecasts. Block’s results benefited from the three-month extension to tax filing season, with sales improvement for both assisted tax preparation and do-it-yourself products.

Peloton (PTON) – The exercise equipment maker was named a “top pick” at J.P. Morgan Securities, even with the shares having already tripled year-to-date, and increased its price target to a Street-high $105 per share. The firm notes strong demand for Peloton’s bicycles, but also points out that the company’s biggest challenge is keeping up with that demand.

Exxon Mobil (XOM) – The energy giant is weighing possible worldwide job cuts, according to a company representative who spoke to Reuters. Exxon said it has evaluations underway on a country by country basis, and may “right-size” its business.

AMC Entertainment (AMC) – The movie theater operator is re-opening 140 more theaters this week and plans to have about 70% of its U.S. locations open by this weekend.

Visa (V) – The payments network operator’s U.S. payment volume rose 7% in August compared to a year ago, according to a Securities and Exchange Commission filing.

Ford (F), General Motors (GM) – Auto stocks could benefit after research firm Autodata reported that U.S. sales rose above the 15 million mark in August for the first time since February.

Shoe Carnival (SCVL) – The shoe retailer reported better-than-expected earnings, but both revenue and comparable-store sales fell below Wall Street forecasts. Like many other retailers, Shoe Carnival is not currently offering forward guidance due to economic uncertainties surrounding the pandemic.

Teladoc Health (TDOC) – The virtual medical visit platform provider was raised to “buy” from “hold” at Berenberg. The firm said that Teladoc will benefit from its merger with Livongo Health, a provider of digital disease management tools, even though both stocks have declined since the announcement last month.

Nvidia (NVDA) – Bank of America Securities increased its price target on the graphics chipmaker’s stock to a Street-high $650 per share, noting attractive pricing for Nvidia’s new gaming cards.

Guess (GES) – The apparel maker lost 1 cent per share for its latest quarter, smaller than the 58 cents a share loss that Wall Street analysts were anticipating. Revenue was also better than expected, and Guess announced the resumption of its dividend.

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