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Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania.Sopa Images | Lightrocket | Getty ImagesCheck out the companies making headlines in midday trading.Target – Shares plunged 25.6% after the retailer reported disappointing quarterly results, citing high fuel costs and inventory troubles.
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Check out the companies making headlines before the bell:Target (TGT) – Target plummeted 22.1% in the premarket after the retailer reported an adjusted quarterly profit of $2.19 per share, below the $3.07 consensus estimate. Revenue and comparable-store sales beat forecasts, but like rival Walmart yesterday, higher costs ate into
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A major Wall Street firm is drawing a striking parallel to the housing bubble.Blackstone's Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners aren't using their homes like an ATM."That caused so many
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Take a look at some of the biggest movers in the premarket:Nio (NIO) – The China-based electric carmaker's shares slumped 8.4% in premarket action after it suspended production due to Covid-19 related supply chain disruptions.Veru (VERU) – The drugmaker's shares surged 24.8% in the premarket after it reported "overwhelming"
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Bill Ackman, founder and CEO of Pershing Square Capital Management.Adam Jeffery | CNBC Investor Bill Ackman said Tuesday that he will no longer take part in vocal activist short selling campaigns, a practice he engaged in that led to one of the most colorful battles in Wall Street history."Despite
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Check out the companies making headlines before the bell:Lowe's (LOW) – Lowe's shares added 1.6% in the premarket after the home improvement retailer beat top and bottom-line estimates for the fourth quarter. Lowe's earned $1.78 per share, 7 cents above estimates, and issued upbeat full-year guidance as demand for
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Bill Ackman, founder and CEO of Pershing Square Capital Management.Adam Jeffery | CNBC Investor Bill Ackman said the new omicron variant of the coronavirus could actually give U.S. stocks a boost if symptoms turn out to be less severe."While it is too early to have definitive data, early reported data suggest
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U.S. stock futures were flat in overnight trading after the major averages pulled back, albeit close to records, on Wednesday.Dow futures fell just 20 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures rose 0.14%.Nvidia shares popped in extended trading after beating on the top and bottom lines
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A shopping cart is seen in a Target store in the Brooklyn borough of New York, U.S., November 14, 2017.Brendan McDermid | ReutersCheck out the companies making headlines in midday trading.Target — The retail giant saw shares fall 4.7% despite posting beats on the top and bottom lines. CEO
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Check out the companies making headlines before the bell:Lowe's (LOW) – Lowe's rose 2.5% in the premarket after beating estimates on the top and bottom lines and raising its annual revenue forecast. The home improvement retailer earned an adjusted $2.73 per share for the third quarter, 37 cents above
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