HP, Hewlett Packard Enterprise and Goldman Sachs fall premarket; Avis rises

Investing.com -- Stocks in focus in premarket trade on Wednesday, May 31st. Please refresh for updates.

  • HP (NYSE:HPQ) stock fell 6.2% after the PC maker posted its lowest revenue for a quarter since early 2020, noting ongoing weakness in demand for personal computers.

  • Goldman Sachs (NYSE:GS) stock fell 1.7% following a series of reports indicating that the investment bank is set to cut around 250 more jobs in the coming weeks given the sluggish market for deals.

  • Capri (NYSE:CPRI) stock fell 2.7% after the Michael Kors parent reported a slowdown in its U.S. market, overshadowing a sales rebound in China following the easing of pandemic-related curbs late last year.

  • Nvidia (NASDAQ:NVDA) stock fell 1.8%, retreating after the chipmaker on Tuesday joined the exclusive club of companies with a $1 trillion market capitalization as market demand for artificial intelligence.

  • Hewlett Packard Enterprise (NYSE:HPE) stock fell 8.7% after the information technology company missed expectations for second quarter revenue as clients scale down spending on tech, including cloud services, amid an economic slowdown.

  • Ambarella (NASDAQ:AMBA) stock slumped 20% after the semiconductor reported a weaker-than-expected outlook for the second quarter, prompting KeyBanc to downgrade its stance to ‘sector weight’ from ‘overweight’.

  • Avis Budget (NASDAQ:CAR) stock rose 4.1% after Deutsche Bank upgraded its stance on the car rental firm to ‘buy’ from ‘hold’, saying the company's shares can rise more than 60%.

  • American Airlines (NASDAQ:AAL) stock rose 1.4% after the carrier raised its outlook for second quarter profit as it expects to pay less for jet fuel compared with its previous estimate.

  • LL Flooring (NYSE:LL) stock soared 20% after the retailer of hard-surface flooring received an unsolicited bid from Cabinets to Go, a unit of F9 Brands.

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.8% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services (UK) Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201) and the Financial Sector Conduct Authority in South Africa (with FSP number 45784).

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

www.onefinancialmarkets.com is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: