Top stocks making significant movements before the market opens: BABA, AMAT, GPS

Several companies are making headlines in premarket trading, especially Alibaba and BJ’s Wholesale Club. Alibaba’s U.S.-listed shares slipped 3.2% after announcing it would no longer spin off its cloud computing business, citing U.S. export restrictions on advanced chips. BJ’s Wholesale Club saw its shares retreat 4.6% after revising its expectation for comparable store sales in…

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Q3 2023 Financial Results for Gap (GPS)

Gap Inc. reported better-than-expected third-quarter earnings on Thursday, leading to a stock price jump of more than 15% in extended trading. The company exceeded Wall Street’s estimates for profits and same-store sales, but remains cautious ahead of the holiday season as it grapples with underperforming brands, Banana Republic and Athleta. In the third quarter, Gap…

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