Stocks: Home Depot Rises; Elanco, Netflix, Disney Fall in Premarket

Stocks: Home Depot Rises; Elanco, Netflix, Disney Fall in Premarket  | Aug 20, 2019 13:58

Stocks: Home Depot Rises; Elanco, Netflix, Disney Fall in Premarket -- Stocks in focus in premarket trade on Tuesday, 20th August.

  • Home Depot (NYSE:HD) stock gained 2.6% in premarket trade by 8:20 AM ET (12:20 GMT) after it upheld its full-year earnings guidance, easing concerns about the impact that U.S.-China trade tariffs could have on the home improvement retailer. The company lowered its full-year sales guidance to reflect a slump in lumber prices, along with the impact of import tariffs.
  • Facebook (NASDAQ:FB) inched up 0.1% while Twitter (NYSE:TWTR) was flat after blocking state-backed social media campaigns originating in mainland China. The companies said the campaigns undermined protests in Hong Kong.
  • Elanco Animal Health (NYSE:ELAN) stock tumbled 5.4% after it agreed to buy the animal health business of Germany's Bayer (OTC:BAYRY) for $7.6 billion.
  • Apple (NASDAQ:AAPL) stock rose 0.5% after Bloomberg reported that it will launch its TV streaming service in November at a monthly cost of $9.99. The service would be released around the same time as Disney's (NYSE:DIS)’streaming service and will create more competition for streaming giant Netflix (NASDAQ:NFLX). Walt Disney fell 0.8%, while Netflix declined 0.9%.
  • Kohls (NYSE:KSS) stock jumped 4.4% after its earnings beat estimates, despite its comparable-store sales declining 2.9% versus an expected drop of 2.5%.
  • Sarepta Therapeutics (NASDAQ:SRPT) stock slumped 17.2% after it said the U.S. Food and Drug Administration had not approved its treatment for Duchenne muscular dystrophy due to safety concerns.
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