Target, Lowe’s, Manchester United, and More Stock Market Movers Wednesday

Target shares fall after earnings widely missed Wall Street estimates.


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Stock futures were lower Wednesday as more major retailers reported earnings, one day after results from



Walmart

and



Home Depot

topped analysts’ estimates.


S&P 500

 futures were down 0.9% and 


Dow Jones Industrial Average

 futures fell 0.6%. Futures for the tech-heavy 


Nasdaq Composite

 were 1% lower.

These are some of the stocks making notable moves in the premarket session Wednesday.



Target

(ticker: TGT) stock fell 3.2% after the retailer posted second-quarter earnings below Wall Street estimates.



Lowe’s

(LOW) shares gained 1.1% early Tuesday after the home-improvement retailer posting earnings for its second quarter that beat analysts’ estimates.

Billionaire Elon Musk tweeted Tuesday evening that he was buying British football club Manchester United (MANU). Musk later said he was joking. In premarket trading Wednesday,



Manchester United

stock climbed 7.2% and shares of Musk’s company, Tesla (TSLA), dropped 1.1%.



Analog Devices

(ADI) fell 2.2% even though the semiconductor company reported earnings and revenue for its fiscal third quarter above Wall Street consensus. The company said that economic uncertainty was beginning to impact bookings.



Krispy Kreme

(DNUT) reported earnings and revenue that missed Wall Street estimates for its second quarter and lowered guidance. The donut maker’s stock fell 12% early Tuesday.

Retail investors still look interested in buying



Bed Bath & Beyond

(BBBY) stock. Shares soared 20% early Wednesday after closing 29% higher Tuesday. The stock has gained nearly 350% over the past three weeks.

Shares of iPhone maker Apple (AAPL) got an upgrade to Outperform from Neutral by an analyst at Credit Suisse, and a price target boost to $220 from $200 from an analyst at Wedbush. The stock was 0.4% lower Wednesday.

Write to Angela Palumbo at angela.palumbo@dowjones.com

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