NKE, AAPL, D, CCL and more

Global Courant

A customer exits a Nike store along the Magnificent Mile shopping district with a purchase in Chicago, December 21, 2022.

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Check out the companies making the biggest strides in premarket trading.

Nike — Shares fell nearly 3% after the sportswear giant reported a profit loss for the first time in three years. Nike’s fourth-quarter fiscal profit was 66 cents per share, versus the consensus estimate of 67 cents per Refinitiv. However, sales exceeded expectations.

Apple – Apple shares rose 0.8%, putting the tech giant on track to reach a $3 trillion market cap. The move came after Citi set a new price target on stocks at a Street-high price of $240.

Carnival – Shares of the cruise line rose 3% in premarket trading after Jefferies upgraded Carnival to buy off hold. Jefferies cited changes during the first year of new CEO Josh Weinstein’s tenure and improved leverage as reasons to be optimistic about the stock.

Savers Value Village — Stocks fell 2% in premarket after rising 27% in the first day of trading Thursday. The largest for-profit thrift operator in the US priced shares at $18 and closed at $22.91.

Dominion Energy — Shares fell nearly 2% after the company revised its second-quarter operating profit forecast from 58 cents to 68 cents per share from 44 cents to 50 cents per share. Dominion Energy blamed historically mild weather and unplanned power outages at the Millstone Power Station.

Constellation Brands — The owner of Corona and Pacifico fell 1.6% despite reporting a profit margin. Adjusted earnings per share for the first quarter came in at $2.91, more than the $2.83 analysts expected, according to StreetAccount. Sales were $2.52 billion, versus the expected $2.47 billion.

Freyr battery — The stock popped another 5% in premarket trading after gaining 11% on Thursday. The company was upgraded from an equal weight to overweight by Morgan Stanley on Thursday.

— CNBC’s Samantha Subin, Jesse Pound, and Alex Harring contributed reporting.

NKE, AAPL, D, CCL and more

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