Home Depot, Citigroup, United Airlines Rise Premarket; Walmart, Twitter Fall By

© Reuters

By Peter Nurse

-- Stocks in focus in premarket trade on Tuesday, May 17th. Please refresh for updates.

• Home Depot (NYSE:HD) stock rose 4.6% after the retailer increased its full-year sales forecast as demand for home improvement tools and building materials helds up even as the pandemic restrictions eased.

• Walmart(NYSE:WMT) stock fell 7.2% after the U.S.'s biggest retailer missed quarterly earnings forecast by a wide margin and warned that inflation will eat into its profits over the rest of the year.

• JD.com(NASDAQ:JD) ADRs rose 9.1% after the China-based retailer beat estimates for quarterly revenue, as more people shopped on its e-commerce platform following COVID lockdowns in Mainland China.

• Twitter(NYSE:TWTR) stock fell 2.8% after billionaire Elon Musk said his $44 billion offer for the social messaging platform would not move forward until he was shown proof that spambots account for less than 5% of its total users.

• Citigroup (NYSE:C) stock rose 5.3% after Warren Buffett's Berkshire Hathaway (NYSE:BRKa) disclosed a nearly $3 billion investment in the U.S. lender, looking for value in the beaten-down sector.

• United Airlines(NASDAQ:UAL) stock rose 4.7% after the carrier raised its revenue estimate for the current quarter despite trimming capacity, underscoring booming travel demand.

• Take-Two(NASDAQ:TTWO) stock rose 7.1% after the video-gaming company reported a rise in quarterly net bookings of 8%, thanks to flagship titles like "Grand Theft Auto V" and the new "WWE 2K22".

• Workday(NASDAQ:WDAY) stock fell 1.5% after UBS downgraded its stance on the HR software stock to ‘neutral’ from ‘buy’, saying it could be hit hard during a downturn.

• Advanced Micro Devices(NASDAQ:AMD) stock rose 3.7% after Piper Sandler upgraded its stance on the chipmaker to ‘overweight’ from ‘neutral’, saying it can surge nearly 50% after its big pullback this year.

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