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MARKETS LIVE BLOG:

STOCKS EXTEND LOSSES AFTER TUESDAY'S STEEP SELL-OFF

Worries about higher interest rates, U.S. government shutdown continue to weigh

Lululemon, MongoDB and Five Below rise premarket; PagerDuty falls

Investing.com
·1 min read

Investing.com -- Stocks in focus in premarket trade on Friday, June 2nd. Please refresh for updates.

Lululemon Athletica (NASDAQ:LULU) stock rose 14% after the athletic apparel retailer reported strong fiscal first quarter results, boosted by lower transportation costs and growth in China.

MongoDB (NASDAQ:MDB) stock soared 27% after the database software maker lifted its full-year guidance on the back of stellar first quarter results.

Five Below (NASDAQ:FIVE) stock rose 5.1% after the discount retailer reported better-than-expected first quarter earnings as cash-strapped customers looked for cheaper options.

Broadcom (NASDAQ:AVGO) stock rose 0.3%, with the chip maker failing to benefit significantly from a strong third quarter revenue forecast on corporate investments in AI-related technologies. Its stock had already gained more than 40% so far this year.

PagerDuty (NYSE:PD) stock fell 16% after the cloud computing company issued weaker-than-expected revenue guidance for the fiscal year as macroeconomic conditions make software buyers more cautious.

SentinelOne (NYSE:S) stock slumped 36% after the cybersecurity company disappointed with its annual revenue guidance and announced layoffs of about 5% of the company.

ChargePoint (NYSE:CHPT) stock fell 4.6% after the EV charging company provided disappointing revenue guidance for the current quarter even after a strong first quarter.

Li Auto (NASDAQ:LI) stock rose 5% after the Chinese EV manufacturer said it delivered more the double the number of cars in May than it did a year ago, topping 20,000 for the third month in a row.

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