US Premarket: Hasbro, Goldman Sachs and other stocks making biggest moves

Hasbro (HAS)

Shares of the toymaker fell 3.5% in the premarket after
reporting an adjusted quarterly profit of $1.42 per share, falling 10 cents
short of Market forecasts, with revenue matching estimates. Earlier this month,
Hasbro slashed its sales forecast, citing increased consumer sensitivity to
higher prices.

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Goldman Sachs (GS)

Goldman gained 2.3% in premarket action after reporting
earnings of $8.25 per share for the July-September quarter, beating the
consensus estimate of $7.69 per share. Revenue exceeded Wall Street forecasts.

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Amazon.com (AMZN)

Amazon rose 2.3% in the premarket after Citi named it a top
pick for both a hard and soft economic landing. The firm said Amazon would
perform well under either scenario.

Intel (INTC)

Shares added 1.2% in premarket trading as Intel’s Mobileye
unit is targeting a value of around $16 billion in its initial public offering,
according to an SEC filing. Intel had initially expected a roughly $50 billion
valuation for the self-driving car unit but had scaled those expectations down
substantially, according to a report by the Wall Street Journal.

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Johnson & Johnson (JNJ)

Johnson & Johnson shares added 1.4% in premarket
trading after beating top and bottom line estimates for the third quarter, on
account of growth in pharmaceutical sales. J&J slashed its earnings
outlook, as it maintains caution due to the impact of a strong US dollar.

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fuboTV (FUBO)

fuboTV surged 10.4% in premarket trading after the sports
streaming service announced it would eliminate its sports betting business. The
company also raised its sales outlook.

XPO Logistics (XPO)

XPO added 1.5% in premarket action after issuing a
lower-than-expected preliminary third-quarter sales forecast. This would be its
smallest quarterly sales since 2015. However, the transportation company also
raised its profit forecast.

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Nordstrom (JWN)

Nordstrom jumped 1.7% in the premarket after news that
Chief Financial Officer Anne Bramman will step down in December. The retailer
has launched a search for a new CFO, with Chief Accounting Officer Michael
Maher serving as interim CFO.

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Target (TGT)

Shares of the retailer jumped 3% in premarket trading after
Jefferies upgraded it to “buy” from “hold,” saying Target will benefit from an
easing of supply chain issues and improved inventory positioning. Target shares
surged yesterday after CEO Brian Cornell made bullish comments at a Yahoo
Finance conference.