12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's pre-market session, several consumer discretionary stocks showed notable movements. Big Lots (BIG) and Cango (CANG) were among the gainers, with stocks rising 7.2% and 6.0%, respectively. Golden Heaven Group Holdings (GDHG), J.Jill (JILL), Conn's (CONN), and Color Star Tech (ADD) also saw their stocks rise. On the losing side, TAL Education (TAL) and Nike (NKE) experienced significant drops of 12.4% and 12.01%, respectively. Gaotu Techedu (GOTU), Forza X1 (FRZA), Genius Group (GNS), and Foot Locker (FL) also saw their stock prices decline. Notably, Conn's reported Q3 earnings 4 days ago, and Nike released Q2 earnings the previous day.
December 22, 2023 | 1:07 pm
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NEGATIVE IMPACT
Foot Locker shares declined by 8.21% to $29.65, with a market cap of $2.7 billion.
The decline in pre-market trading could reflect investor worries, potentially leading to a negative short-term trend.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 85
NEGATIVE IMPACT
Nike stock fell 12.01% to $107.82 after the Q2 earnings release, with a market cap of $164.0 billion.
The significant drop following the Q2 earnings release suggests the results may not have met investor expectations, likely leading to a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
TAL Education stock decreased by 12.4% to $11.0, with a market cap of $7.0 billion.
The substantial pre-market decline indicates negative investor sentiment, which could lead to further short-term depreciation.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Big Lots stock rose 7.2% in pre-market trading with a market cap of $217.0 million.
The pre-market gain is a strong positive signal for the day, potentially attracting investor interest and driving short-term price momentum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Cango shares increased by 6.0% to $1.06 with a market cap of $142.8 million.
The increase in pre-market indicates positive investor sentiment which may lead to a short-term uptrend.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
POSITIVE IMPACT
Conn's stock moved upwards by 4.76% to $3.96, following its Q3 earnings report 4 days ago.
The recent Q3 earnings report could still be influencing investor sentiment, contributing to the stock's positive movement.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80