Foot Locker, Disney, Ross Stores fall premarket; Deere rises By Investing.com

Investing.com — Stocks in focus in premarket trade on Friday, May 19th. Please refresh for updates.

• Foot Locker (NYSE:) stock slumped 25% after the footwear retailer reported for its first quarter, and cut its full-year guidance, citing the tough macroeconomic backdrop.

• Deere & Company (NYSE:) stock rose 3.4% after the agricultural machinery manufacturer strong second quarter numbers and raised its 2023 net income forecast as its order books remain robust.

• Walt Disney (NYSE:) stock fell 0.8% with the entertainment giant scrapping plans to build a nearly $1 billion corporate campus in central Florida as part of its ongoing legal battle with Florida Governor Ron DeSantis.

• Ross Stores (NASDAQ:) stock fell 0.7% after the discount retailer forecast second quarter profit below expectations, hit by higher incentive compensations and wages, even as it raised its annual profit forecast.

• Applied Materials (NASDAQ:) stock fell 1.6% after KeyBanc said it doesn’t have much room to rise after a strong run, even after the semiconductor manufacturing tools maker forecast better than expected third quarter revenue.

• Catalent (NYSE:) stock fell 5.3% after the pharma company delayed its third quarter results and received a notice from the NYSE of noncompliance with listing standards.

• Alibaba (NYSE:) ADRs fell 1.2% after the Chinese e-commerce giant posted due to sluggish consumer spending in its home country.