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Stocks – Alibaba, Nordstrom, AMD Gain in Pre-market; Hormel, L Brands Sink


© Reuters. Stocks in focus in pre-market trade on Thursday

Investing.com – Stocks in focus in pre-market trade Thursday:

Alibaba (NYSE:) stock gained 3.68% by 8:06 AM ET (12:06 GMT) as the company reported that revenue jumped 61% in the quarter ended on June 30.

• Hormel Foods (NYSE:) stock sank 4.96% after the company reported that missed expectations and lowered its 2018 lowered its sales outlook to $9.4 billion to $9.6 billion from $9.7 billion to $10.1 billion.

• L Brands (NYSE:) tumbled 9.66% after the company cut its full-year profit forecasts despite .

• Advanced Micro Devices (NASDAQ:) stock rose 1.58% after the company won a patent dispute that bars some Vizio televisions from the U.S. market.

• Nordstrom (NYSE:) stock gained 1.93% after the company authorized a $1.5 billion share repurchase program and approved a quarterly dividend.

• Williams-Sonoma (NYSE:) stock soared 6.81% as and same-store sales beat consensus.

• Synopsys (NASDAQ:) stock jumped 6.26% after the company reported that topped estimates.

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