DocuSign, Netflix and Broadcom rise premarket; Lululemon, Costco fall

December 9, 2022 8:40 AM EST

By Peter Nurse -- Stocks in focus in premarket trade on Friday, December 9th. Please refresh for updates.

  • Activision Blizzard (NASDAQ: ATVI) stock fell 0.1% after the Federal Trade Commission started a lawsuit to stop Microsoft (NASDAQ: MSFT), up 0.5%, taking over the video games publisher.

  • DocuSign (NASDAQ: DOCU) stock rose 11% after the tech company beat expectations for earnings and revenue in the third quarter, with billings up 17% from the same time last year.

  • Lululemon Athletica (NASDAQ: LULU) stock fell 6.3% after the sportswear retailer forecast a downbeat holiday-quarter, as shoppers turn cautious about spending on higher-priced clothing amid decades-high inflation.

  • Costco Wholesale (NASDAQ: COST) stock fell 0.6% after the warehouse club operator missed first-quarter expectations, with surging inflation pushing consumers to cut back spending and as operating expenses increased for the company.

  • Netflix (NASDAQ: NFLX) stock rose 2.9% after Wells Fargo upgraded its stance on the streaming giant to 'overweight' from 'equal weight', saying its content is "clearly improving".
  • Broadcom (NASDAQ: AVGO) stock rose 3.9% after the chipmaker raised its guidance after producing better-than-expected numbers for the last three months.

  • Li Auto (NASDAQ: LI) stock fell 0.6% after the Chinese electric vehicle manufacturer posted another hefty loss in the third quarter, against the backdrop of higher input costs and repeated economic disruption from COVID-19 lockdowns.

  • Credit Suisse (NYSE: CS) stock rose 4.5% after the Swiss lender completed a CHF 4 billion ($1=CHF0.9333) two-stage capital increase, giving CEO Ulrich Koerner the funds needed to proceed with his restructuring plan that includes the spin-off of the investment division.

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