Agilent Technologies, Inc.

New York Stock Exchange
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Very Bullish +85

Stocks making the biggest moves premarket: Snowflake, Best Buy, Kohl's, Dollar Tree & more

📈 Dollar Tree surged over 11% after reporting Q1 adjusted earnings of $1.74 per share, beating the $1.53 analyst consensus.

💰 Revenue and guidance for both the current quarter and full year also exceeded expectations for the discount retailer.

🚀 The company announced a new partnership with DoorDash to enable on-demand delivery from its stores to consumers.

📉 Salesforce shares dipped 1% despite beating Q1 earnings and revenue, as it guided for $11.27B-$11.35B in current-quarter revenue.

🔼 Salesforce raised its full-year earnings guidance range after posting a beat on both the top and bottom lines.

🧬 Agilent Technologies shares jumped 9% following a Q2 beat and an upgrade to full-year adjusted earnings guidance to $6-$6.10 per share.

🛒 Best Buy stock rose nearly 8% after beating Q1 earnings and revenue, with comparable sales up 2% year-over-year.

💻 Marvell Technology slipped almost 3% despite posting a rosy outlook and beating Q1 estimates for adjusted earnings of 93 cents per share.

🥩 Hormel Foods shares popped 10% after reporting fiscal Q2 adjusted earnings of 40 cents, surpassing the 35-cent analyst consensus.

☁️ Snowflake soared nearly 37% after beating Q1 estimates with $1.39 billion in revenue and 39 cents per share in adjusted earnings.

🤝 Snowflake also announced a plan to spend $6 billion on Amazon Web Services over the next five years.

📊 DataDog rose 6% and ServiceNow gained more than 5.5% in premarket trading, supported by Snowflake's strong performance.

💾 Nutanix added 2% after beating Q3 adjusted earnings and revenue, with a non-GAAP operating margin of 22.3%.

📉 Braze shares tumbled 10% after reporting Q1 adjusted earnings in line with expectations but missing on gross margin estimates.

🏪 Burlington Stores fell 3.5% despite beating Q1 earnings and revenue, though it plans to open 115 net new stores this year.

📉 Kohl's shares rose almost 11% after reporting a narrower-than-expected Q1 loss of 13 cents per share versus an expected 19-cent loss.

⚡ American Superconductor slid nearly 7% even though it expects current-quarter adjusted earnings to exceed 17 cents per share.

🏦 NCino shares climbed 12.5% after raising full-year revenue guidance to $642M-$646M, up from prior estimates of $639M-$643M.

🚁 Drone stocks rallied broadly after reports that the Trump administration is in talks to provide funding to some companies.

📈 Unusual Machines surged 28%, Red Cat Holdings jumped 14%, and Kratos Defense & Security Solutions popped 10% on drone sector news.

💻 Dell Technologies stock rose 4% after winning a $9.7 billion contract with the Pentagon to provide software to the Department of Defense.

☁️ Nebius Group, a Dutch cloud provider, rose 10% after a hedge fund operated by a former OpenAI employee re

Bullish Signals
  • Dollar Tree surged more than 11% after reporting adjusted earnings of $1.74 per share, beating analyst estimates of $1.53 per share.
  • Dollar Tree's revenue came in above expectations, and the company raised both current quarter and full-year guidance.
  • Salesforce raised its full-year earnings guidance range despite a slight dip in shares, following a first-quarter earnings and revenue beat.
  • Agilent Technologies shares popped 9% after raising full-year adjusted earnings guidance to between $6 and $6.10 per share, higher than previous estimates.
  • Best Buy stock rose almost 8% after an earnings and revenue beat, with comparable sales up 2% year-over-year led by gaming and computing.
  • Marvell Technology slipped slightly but posted a rosy outlook with adjusted earnings of 93 cents per share, beating the Street's expectation of 90 cents.
  • Hormel Foods shares popped 10% after reporting fiscal second-quarter adjusted earnings of 40 cents, exceeding analyst expectations of 35 cents.
  • Everpure reported a first-quarter adjusted earnings and revenue beat, with operating income guidance for the current quarter and full year exceeding estimates.
  • Snowflake soared nearly 37% after surpassing estimates with adjusted earnings of 39 cents per share and revenue of $1.39 billion.
  • Snowflake announced a plan to spend $6 billion on Amazon Web Services over five years, signaling strong cloud adoption.
  • ServiceNow and DataDog rose more than 5% in premarket trading, supported by Snowflake's earnings surge.
  • Synopsys second-quarter results surpassed Wall Street estimates with adjusted earnings of $3.35 per share on revenue of $2.28 billion.
  • Nutanix reported a fiscal third-quarter adjusted earnings and revenue beat with non-GAAP operating margins at 22.3%, topping analyst calls.
  • Burlington Stores plans to open 115 net new stores throughout the year, despite a slight stock decline.
  • Kohl's shares were up almost 11% after reporting a narrower-than-expected loss of 13 cents per share versus an expected loss of 19 cents.
  • NCino raised its full-year revenue guidance to a range of $642 million to $646 million, exceeding prior estimates.
  • Drone stocks saw significant gains after reports of potential government funding talks, with Unusual Machines up 28% and Red Cat Holdings up 14%.
  • Dell Technologies stock rose 4% after winning a $9.7 billion contract with the Pentagon to provide software to the Department of Defense.
Risk Factors
  • Synopsys shares slipped more than 2.5% despite beating estimates, following an agreement with activist Elliott Investment Management that appoints Jesse Cohn to its board effective June 1, signaling potential governance instability.
  • Braze shares tumbled 10% after reporting first-quarter adjusted earnings in line with expectations but missing gross margin estimates of 68.8%, coming in at only 67.4%.
  • Burlington Stores fell 3.5% despite beating earnings and revenue estimates, indicating that the market may be pricing in concerns beyond current quarterly performance.
  • American Superconductor stock slid almost 7% even after reporting adjusted earnings exceeding expectations of 17 cents per share versus analyst forecasts of 22 cents, suggesting a significant earnings miss relative to consensus.
  • Snowflake's massive $6 billion planned spend on Amazon Web Services over five years raises concerns about high capital expenditure and potential margin pressure in the future.
Full Analysis
Snowflake shares surged nearly 37% in premarket trading following first-quarter results that beat analyst expectations, with adjusted earnings of 39 cents per share and revenue of $1.39 billion against estimates of 32 cents and $1.32 billion respectively. The company also announced a significant commitment to spend $6 billion on Amazon Web Services over the next five years. This positive momentum extended to its software peers, with DataDog rising 6% and ServiceNow gaining more than 5.5%. Other notable movers included Best Buy, which climbed almost 8% after beating earnings and revenue estimates with comparable sales up 2%, and Kohl's, which rose nearly 11% after reporting a narrower-than-expected first-quarter loss of 13 cents per share compared to an anticipated loss of 19 cents. Dollar Tree also saw significant gains, surging more than 11% after adjusted earnings of $1.74 per share exceeded the expected $1.53, alongside strong revenue and updated guidance. In contrast, Hormel Foods shares popped 10% on fiscal second-quarter adjusted earnings of 40 cents versus an expected 35 cents, while Synopsys slipped more than 2.5% despite beating estimates after reaching an agreement with activist investor Elliott Investment Management to appoint Jesse Cohn to its board. Additionally, drone stocks rallied following reports that the Trump administration is in talks to provide funding, with Unusual Machines up 28% and Red Cat Holdings surging 14%.