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Nvidia, Amazon, Lennar, Walmart and more

Check out the companies that make headlines before the clock:

Nvidia (NVDA) – Chips’ shares rose before the market after Needham raised its price target to a Street High of $ 700 per share. Stock from $ 600 pr. Shares. The Wall Street firm – which has a “buy” rating on Nvidia – said the company’s acquisition of Arm could potentially add $ 1.20 to $ 1.65 a share of earnings in 2022.

Lennar (LEN) ̵

1; The shares of the home-building company dipped in trading before the market despite reporting earnings and revenue that beat analysts’ forecasts. Lennar earned $ 2.12 pr. Share at a turnover of $ 5.87 billion. Wall Street expected earnings of $ 1.55 per share. Share at a turnover of $ 5.48 billion, according to Refinitiv. The company said the house’s average selling price was expected to fall in the fiscal fourth quarter.

Walmart (WMT) – The Big Box retailer’s affiliate program, Walmart +, officially launches Tuesday as a competitor to Amazon.com’s Prime. Membership includes unlimited free shipping on orders over $ 35 and discounts on, among other things, gas.

Amazon.com (AMZN) – The e-commerce giant jumped into pre-market trading after announcing a new shopping platform called “luxury stores.” The advanced shopping experience will be available Tuesday in the Amazon app by invitation. Oscar de la Renta marks the first store with the collections before the fall and winter of 2020.

Tesla (TSLA) – Shares in the electric car company appeared in the consumer market and extended Monday’s 12% gain. Tesla lost more than 10% last week as the technology-heavy Nasdaq Composite had its worst week since March.

VF Corp. (VFC) – The trader’s shares rose in pre-market trading after BTIG upgraded the stock to “buy” from “neutral”. The Wall Street firm said it sees tailwinds in the Vans and The North Face brands as well as improving online traffic. BTIG has an $ 88 per. Stock market at VF Corp.

Sony (SNE) – The company’s shares crossed lower in pre-market trading after saying they cut production targets for the upcoming Playstation 5 by 20% due to console chip issues.

Kraft Heinz (KHC) – Food and beverage company shares jumped in pre-market trading after The Wall Street Journal reported that Kraft Heinz plans to cut $ 2 billion in costs over the next five years.

Nikola (NKLA) – Shares in the electric truck company fell pre-market trading on a report the Securities and Exchange Commission is investigating the company over allegations from a Wall Street research shop Hindenburg Research that Nikola was deceiving investors about business products.

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