Tuesday’s Pre-Market Look: Stocks In The News Before The Open

Wal-Mart (WMT) rose 2% in pre-market trading after it reported Q4 adjusted EPS of $1.30, above consensus of $1.29, as it said Q4 comparable sales were up +1.8%, higher than consensus of up +1.3%.

Home Depot (HD) is up 2% in the premarket after reporting earnings.

Colgate-Palmolive (CL) was upgraded to ‘Outperform’ from ‘Neutral at Exane BNP Paribas with a price target of $90.

Dick’s Sporting Goods (DKS) was downgraded to ‘Market Perform’ form ‘Outperform’ at Oppenheimer.

Henry Schein (HSIC) reported Q4 adjusted EPS of $1.88, better than consensus of $1.84.

Avangrid (AGR) reported Q4 operating revenue of $1.49 billion, below consensus of $1.55 billion.

Verizon Communications (VZ) was upgraded to ‘Buy’ from ‘Neutral’ at MoffetNathanson with a price target of $54.

Freeport-McMoRan (FCX) was downgraded to ‘Sell’ from ‘Hold’ at Deutsche Bank.

Eaton Vance (EV) was upgraded to ‘Neutral’ from ‘Underperform’ at Bank of America/Merrill Lynch.

Credit Acceptance Corp. (CACC) authorized an additional 1 million shares to its stock repurchase program.

Sucampo Pharmaceuticals (SCMP) jumped nearly 6% in after-hours trading after it was announced that it will replace Blue Nile in the S&P SmallCap 600 at the open of trade Thursday, February 23.

DryShips (DRYS) plunged 20% in after-hours trading after it entered into a pact with Kalani Investments where DryShips may sell up to $200 million of stock to Kalani over a period of 2-years.

Source: FoxBusiness, Barchart, CNBC, Bloomberg, Reuters