Lyft Rises Premarket; Nordstrom and Dollar Tree Fall By Investing.com

By Peter Nurse 

Investing.com — Stocks in focus in premarket trade on Wednesday, March 3rd. Please refresh for updates.

• Lyft (NASDAQ:LYFT) stock rose 4.5% after the ride hailing company raised its outlook, citing a return to stronger rideshare demand sooner than expected. The company said the week ending Feb. 28 was the company’s best week since March 2020.

• Nordstrom (NYSE:JWN) stock fell 2.5% after the retailer announced that shipping delays meant some of its merchandise did not reach the shelves on time, while total revenue fell almost 20% in the fourth quarter from a year earlier.

• Wendy’s (NASDAQ:WEN) stock fell 3.3% after the restaurant chain missed quarterly estimates for profit and revenue. Global comparable sales rose 4.7%, but this was below consensus estimates of 5.7%, due primarily to international weakness. 

• Dollar Tree (NASDAQ:DLTR) stock fell 3% after the discount retailer disappointed with its comparable-store sales, rising 4.9% in the quarter, short of the consensus 5.5% growth estimate. 

• Fubotv (NYSE:FUBO) stock slumped 5.4% after the TV streaming service posted a much larger-than-expected loss in the fourth quarter despite adding more subscribers than forecast.

• Exxon Mobil (NYSE:XOM) stock rose 0.9% after the oil major outlined plans to grow its dividend and cut debt through 2025 as it reins in spending.

• Rocket Companies (NYSE:RKT) stock fell 5.2% and UWM Holdings (NYSE:UWMC) stock rose 23% with these mortgage lenders seeing volatile trading as they have gained popularity on internet message boards as short-squeeze candidates. 

• Las Vegas Sands (NYSE:LVS) stock rose 2.9% after the casino and resort company agreed to sell its Las Vegas real property and operations, including The Venetian Resort, to Apollo Global Management (NYSE:APO) for $6.25 billion. Apollo, which is also in talks to buy assets from the troubled supply chain finance specialist Greensill Capital, was down 0.9%

• Zynga (NASDAQ:ZNGA)stock rose 2% after the mobile-game maker said it had acquired San Francisco-based game studio Echtra Games, helping it develop a portfolio of new titles that users can play across platforms.