By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, November 20th. Please refresh for updates.
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Pfizer (NYSE:PFE) stock rose 1.9% after the pharma giant said it would apply to the FDA later Friday for official usage of its Covid-19 vaccine, and would be poised to send out doses very quickly after receiving that approval.
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Ross Stores (NASDAQ:ROST) stock rose 4.4% after the off-price retailer reported a much better-than-expected third quarter, although the company was cautious about its outlook.
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FireEye (NASDAQ:FEYE) stock soared 13% after the cyber-security company said it will receive a $400 million investment from private equity firm Blackstone (NYSE:BX) and venture capital firm ClearSky.
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Gilead (NASDAQ:GILD) stock fell 1.2% after the World Health Organisation recommended against the use of remdesivir, Gilead’s antiviral drug, for Covid-19, after concluding that there isn’t evidence that the drug reduces deaths or recovery times.
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Williams-Sonoma (NYSE:WSM) stock rose 7.6% after the home furnishings retailer posted a big earnings beat, with its digital sales jumping 49% year over year.
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Foot Locker (NYSE:FL) stock rose 2.9% after the retailer posted better than expected earnings for the latest quarter, helped by same-store sales rising by 7.7%.
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Workday (NASDAQ:WDAY) stock fell 3.6% despite the software company beating estimates with its quarterly results. It also issued warnings about the lingering impact of the pandemic on its results.
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Hibbett Sports (NASDAQ:HIBB) stock rose 5.1% after its quarterly earnings soundly beat expectations, helped by a same-store sales increase of 21%.
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Capri Holdings (NYSE:CPRI) stock rose 4.6% after investment bank BTIG upgraded its investment stance to “buy” from “neutral”, citing the current valuation level.