{"id":12489,"date":"2023-08-17T13:17:34","date_gmt":"2023-08-17T13:17:34","guid":{"rendered":"https:\/\/isafespend.com\/news\/stocks-making-the-biggest-premarket-moves-walmart-adobe-cisco-hawaiian-electric-and-more\/"},"modified":"2023-08-17T13:17:35","modified_gmt":"2023-08-17T13:17:35","slug":"stocks-making-the-biggest-premarket-moves-walmart-adobe-cisco-hawaiian-electric-and-more","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=12489","title":{"rendered":"Stocks making the biggest premarket moves: Walmart, Adobe, Cisco, Hawaiian Electric and more"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"group\">\n<p><em>Check out the companies making the biggest moves in premarket trading:<\/em><\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">Walmart<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> \u2014 Shares added as much as 1% after the big-box retailer raised its full-year forecast and reported an earnings and revenue beat. Adjusted earnings per share for the quarter was $1.84, topping the $1.17 expected from analysts polled by Refinitv. Revenue came in at $161.63 billion, versus the $160.27 expected.<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-3\">Cisco Systems<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> \u2014 The computer networking giant added 2.2% following its earnings beat postmarket Wednesday. Adjusted earnings per share for its fiscal fourth quarter came in at $1.14, topping the $1.06 expected from analysts polled by Refinitiv. Revenue was $15.2 billion, compared to the $15.05 billion expected.<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-4\">Adobe<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> \u2014 The software company added about 2% after Bank of America upgraded shares to buy from neutral. The bank said Adobe was on the verge of becoming a leader in artificial intelligence. Bank of America also upped its price target to $630 per share from $575, implying more than 22% upside from Wednesday&#8217;s close.<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-6\">Hawaiian Electric<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> \u2014 The utility company that oversees Maui Electric sank nearly 18% in premarket trading, continuing its slide over concerns of its potential liability in Maui&#8217;s wildfires. On Wednesday, the Wall Street Journal reported Hawaiian Electric is in talks with firms that specialize in restructuring. On Thursday, Bank of America lowered its price target on the stock for the second time this week, from $11 to $10.<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-9\">CVS<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> &#8211; Shares tumbled about 7% in the premarket after Blue Shield of California announced it is moving from CVS to Mark Cuban&#8217;s Cost Plus Drug Company and Amazon Pharmacy. Blue Shield of California will still use CVS Caremark for specialty drugs and to provide prescriptions for patients with complex conditions.<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-11\">Wolfspeed<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> \u2014 Shares dropped nearly 17% following the company&#8217;s earnings report after the bell Wednesday. Wolfspeed posted an adjusted earnings-per-share loss of 42 cents for its fiscal fourth quarter, missing expectations of a 20 cents loss-per-share, according to Refinitiv. However, the company&#8217;s revenue tops estimates.<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-12\">Ball<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> \u2014 The stock popped 3% in premarket trading after BAE Systems announced it was buying Ball&#8217;s aerospace business for $5.55 billion in cash.<\/p>\n<p>VinFast Auto \u2014 Shares of the electric vehicle start-up fell nearly 5% in premarket trading as VinFast&#8217;s stock searches for its level after debuting earlier this week. The stock rose more than 250% on Tuesday in the first session after VinFast merged with a special purpose acquisition company, but shares retreated nearly 19% on Wednesday.<\/p>\n<p><em>\u2014 CNBC&#8217;s Alex Harring, Jesse Pound and Michael Bloom contributed reporting.<\/em><\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/08\/17\/stocks-making-the-biggest-premarket-moves-.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making the biggest moves in premarket trading: Walmart \u2014 Shares added as much as 1% after the big-box retailer raised its full-year forecast and reported an earnings and revenue beat. Adjusted earnings per share for the quarter was $1.84, topping the $1.17 expected from analysts polled by Refinitv. Revenue came in<\/p>\n","protected":false},"author":1,"featured_media":12490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-12489","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stocks making the biggest premarket moves: Walmart, Adobe, Cisco, Hawaiian Electric and more | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Check out the companies making the biggest moves in premarket trading:Walmart \u2014 Shares added as much as 1% after the big-box retailer raised its full-year\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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