{"id":84816,"date":"2023-11-15T09:13:34","date_gmt":"2023-11-15T14:13:34","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/target-sirius-xm-advance-auto-parts-tjx-jd-com-xpeng-and-more-stock-market-movers\/"},"modified":"2023-11-15T09:13:35","modified_gmt":"2023-11-15T14:13:35","slug":"target-sirius-xm-advance-auto-parts-tjx-jd-com-xpeng-and-more-stock-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=84816","title":{"rendered":"Target, Sirius XM, Advance Auto Parts, TJX, JD.com, XPeng, and More Stock Market Movers"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000799725\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Stock futures pointed higher Wednesday\u00a0after equities closed with sharp gains Tuesday following a cooler-than-expected\u00a0reading on U.S. inflation. Producer prices also fell in October, according to data released Wednesday.<\/p>\n<p>These stocks were poised to make moves Wednesday:\u00a0<\/p>\n<p>\n        Target<br \/>\n       (TGT) reported third-quarter adjusted earnings of $2.10 a share, beating analysts\u2019 estimates of $1.47, and shares of the retailer jumped 14% in premarket trading. Same-store sales fell 4.9% in the quarter but that was less than analysts\u2019 forecasts.<\/p>\n<div class=\"paywall\">\n<p>Warren Buffett\u2019s<br \/>\n        Berkshire Hathaway<br \/>\n       (BRK.B) eliminated its stakes in<br \/>\n        General Motors<br \/>\n       (GM),<br \/>\n        Johnson &amp; Johnson<br \/>\n       (JNJ), and<br \/>\n        Procter &amp; Gamble<br \/>\n       (PG) in the third quarter, and reduced its stake in<br \/>\n        Amazon.com<br \/>\n       (AMZN) by 5%. Berkshire bought 9.7 million shares of<br \/>\n        Sirius XM<br \/>\n       (SIRI) during the quarter. Shares of broadcasting company Sirius were rising 17%. The changes to the Berkshire portfolio were disclosed in a 13F filing posted to the Securities and Exchange Commission\u2019s website late Tuesday.<\/p>\n<p>\n        Advance Auto Parts<br \/>\n       (AAP) was falling 6.6% after the auto parts retailer posted a third-quarter loss of 82 cents a share versus Wall Street forecasts for profit of $1.44. The company also said it was initiating separate sale processes for its Worldpac business and its Canada operations and said it launched a cost-cutting plan of $150 million.<\/p>\n<p>\n        TJX Cos.<br \/>\n       (<br \/>\n        TJX<br \/>\n      ) was down 2.5% after the off-price retailer reported better-than-expected third-quarter earnings but issued a profit forecast for the fourth quarter that that fell short of expectations.<\/p>\n<p>U.S.-listed shares of<br \/>\n        JD.com<br \/>\n       (JD) rose 7% after the Chinese e-commerce company reported third-quarter earnings and revenue that beat analysts\u2019 estimates. <\/p>\n<p>\n        XPeng<br \/>\n       (XPEV), the Chinese electric-vehicle maker, reported a third-quarter loss that was wider than a year earlier and revenue that came up short of estimates. The company said it expects fourth-quarter deliveries of 59,500 to 63,500 units, better than consensus, and revenue to increase 86.1% to 99.3% from a year earlier. American depositary receipts of<br \/>\n        XPeng<br \/>\n       declined 2.6%.<\/p>\n<p>\n        Goodyear Tire &amp; Rubber<br \/>\n       (GT) was up 7% after the company said it was exploring strategic alternatives for its chemical business, the Dunlop brand and its off-the-road equipment tire business.<\/p>\n<p>\n        Nvidia<br \/>\n       (NVDA) closed higher Tuesday, rising 2.1%, to record its 10th straight gain, matching a record set back on Dec. 27, 2016. Shares of the graphics chip maker were rising 0.6% in premarket trading.<\/p>\n<p>Earnings reports are expected after the closing bell Wednesday from<br \/>\n        Cisco Systems<br \/>\n       (CSCO) and<br \/>\n        Palo Alto Networks<br \/>\n       (PANW).<\/p>\n<p>Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/stock-market-movers-107629b1?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock futures pointed higher Wednesday\u00a0after equities closed with sharp gains Tuesday following a cooler-than-expected\u00a0reading on U.S. inflation. Producer prices also fell in October, according to data released Wednesday. These stocks were poised to make moves Wednesday:\u00a0 Target (TGT) reported third-quarter adjusted earnings of $2.10 a share, beating analysts\u2019 estimates of $1.47, and shares of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":58045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-84816","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Target, Sirius XM, Advance Auto Parts, TJX, JD.com, XPeng, and More Stock Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stock futures pointed higher Wednesday\u00a0after equities closed with sharp gains Tuesday following a cooler-than-expected\u00a0reading on U.S. inflation. 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