{"id":35045,"date":"2023-11-16T13:31:10","date_gmt":"2023-11-16T13:31:10","guid":{"rendered":"https:\/\/isafespend.com\/news\/stocks-making-the-biggest-moves-premarket-walmart-cisco-palo-alto-networks-and-more\/"},"modified":"2023-11-16T13:31:11","modified_gmt":"2023-11-16T13:31:11","slug":"stocks-making-the-biggest-moves-premarket-walmart-cisco-palo-alto-networks-and-more","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=35045","title":{"rendered":"Stocks making the biggest moves premarket: Walmart, Cisco, Palo Alto Networks and more"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-6-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Check out the companies making headlines in premarket trading. Walmart \u2014 The big box retailer fell 4.7% after reporting adjusted earnings-per-share guidance for the year of $6.40 to $6.48, lighter than analysts expected. However, Walmart&#8217;s adjusted earnings of $1.53 per share topped the $1.52 expected from analysts polled by LSEG. Revenue was $160.8 billion, versus estimates of $159.72 billion. Cisco Systems \u2014 Shares tumbled nearly 11% during premarket trading on the back of the company&#8217;s earnings guidance for the current quarter, which fell below analyst estimates. Cisco blamed the outlook on a slowdown in new product orders. The company also reduced its full-year forecast for revenue. Palo Alto Networks \u2014 Shares slid more than 6% after Palo Alto Networks issued a weaker-than-expected billings forecast for the current quarter and full year. Plug Power \u2014 Shares of the green hydrogen company dropped 4.6% after Citi downgraded them to neutral from buy. The bank cited near-term issues, including sub-par execution and liquidity challenges, as headwinds for the stock. Tencent Music Entertainment \u2014 Shares climbed slipped 1.4% in premarket trading following quarterly earnings that missed the mark. Still, JPMorgan upgraded Tencent to overweight from neutral on Thursday and said the company could notch double-digit earnings growth moving forward thanks to the expanding music industry. Goodyear Tire &amp; Rubber \u2014 Shares gained nearly 2% following an upgrade by Deutsche to buy from hold. Goodyear has strong turnaround potential thanks to its new leadership and operational turnaround plans, said Deutsche. StoneCo \u2014 The fintech company added 1.2% during premarket trading after Bank of America upgraded shares to buy from neutral. Analyst Mario Pierry said StoneCo&#8217;s new management team and increased cost urgency should help the company gain market share and increase monetization. Advance Auto Parts \u2014 The auto parts retailer declined more than 4% after Bank of America downgraded the stock to underperform from neutral. The bank said ongoing challenges in the medium-term will put pressure on free cash flow for at least the next 12 months. \u2014 CNBC&#8217;s Michelle Fox, Brian Evans and Sarah Min contributed reporting. Correction: A previous headline misstated the time of day the stock moves took place.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/11\/16\/stocks-making-the-biggest-moves-midday-wmt-csco-panw-and-more.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making headlines in premarket trading. Walmart \u2014 The big box retailer fell 4.7% after reporting adjusted earnings-per-share guidance for the year of $6.40 to $6.48, lighter than analysts expected. However, Walmart&#8217;s adjusted earnings of $1.53 per share topped the $1.52 expected from analysts polled by LSEG. Revenue was $160.8 billion, versus<\/p>\n","protected":false},"author":1,"featured_media":35046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-35045","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 moves premarket: Walmart, Cisco, Palo Alto Networks and more | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Check out the companies making headlines in premarket trading. 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