3 months ago
Stock Market

Stocks - Ciena Jumps in Premarket, Apple Gains, Tailored Brands Crashes

Investing.com - Stocks in focus in premarket trade Thursday: • Apple (NASDAQ:AAPL) stock gained 0.49% by 8:01 AM ET (13:01 GMT)

Investing.com - Stocks in focus in premarket trade Thursday:

• Apple (NASDAQ:AAPL) stock gained 0.49% by 8:01 AM ET (13:01 GMT) as the company announced plans to spend $1 billion on a new campus in Texas with the aim of creating about 20,000 new jobs in the U.S.

• Johnson & Johnson (NYSE:JNJ) stock was little changed as Bloomberg reported that the company would be willing to pay $400 million to settle litigation regarding allegations that it sold defective artificial hips and hid the potential health risks.

Ciena (NYSE:CIEN) stock jumped 7.03% after the company’s fiscal fourth-quarter results topped consensus on the top and bottom lines.

• Tailored Brands (NYSE:TLRD) crashed 25.87% after the company reported third-quarter sales that missed expectations and cut its annual earnings guidance.

• Eli Lilly (NYSE:LLY) stock could see upside in the regular session, while Incyte (NASDAQ:INCY) stock rose 0.93% as the companies announced that the U.S. Food and Drug Administration (FDA) granted Fast Track designation to baricitinib, which is being studied for the treatment of systemic lupus erythematosus.

Avon Products (NYSE:AVP) stock may see movement in the regular session after the company announced that its chief financial officer, Jamie Wilson, stepped down. Gustavo Arnal was appointed executive vice president and chief financial officer, effective in the spring of 2019.

• Oxford Industries (NYSE:OXM) stock plunged 11.51% after the company reported worse-than-expected third-quarter results and its current-quarter earnings guidance was below analysts’ estimates.