Nike, RH, Sandisk & more
Check out the companies making the biggest moves premarket: Nike — The athletic apparel stock slumped 10% after its North American revenue came in at $5.03 billion, while analysts surveyed by LSEG had expected $5.04 billion. However, Nike posted fiscal third-quarter earnings of 35 cents per share and $11.28 billion in revenue. That exceeded the expected earnings of 28 cents per share and the anticipated $11.24 billion in revenue. The stock also was weighed by downgrades from JPMorgan, Bank of America and Goldman Sachs. Dave & Buster’s Entertainment — Shares rose 7% after management said the company expects an increase in same-store sales, revenue and adjusted earnings before interest, taxes, depreciation and amortization during 2026. Dave & Buster’s posted a fourth-quarter adjusted loss of 35 cents per share and revenue of $529.6 million. Analysts polled by FactSet had expected a profit of 39 cents per share and $555.9 million in revenue. PVH — The clothing company, which owns brands Tommy Hilfiger and Calvin Klein, added 1% after posting fourth-quarter adjusted earnings of $3.82 per share and revenue of $2.51 billion. Analysts had expected earnings of $3.31 per share and $2.43 billion in revenue, according to FactSet. RH — The home furnishings stock plunged 18%. RH said it sees full-year revenue growth ranging from 4% to 8%, missing the Street’s estimate of 8.8%. Fourth-quarter adjusted earnings came in at $1.53 per share and revenue was $843 million. The LSEG consensus forecast had called for earnings of $2.22 per share and revenue of $873 million. NCino — Shares surged 22% after the cloud-based software company reported first-quarter revenue guidance of $154.5 million to $156.4 million, topping the FactSet consensus of $152.7 million. Fourth-quarter revenue also surpassed expectations, landing at $149.7 million, versus the $147.9 million analysts had anticipated. Walt Disney Company — The entertainment giant rose more than 1% after an upgrade by Raymond James, moving its rating on the stock to outperform from market perform. While macroeconomic headwinds could weigh on Disney’s outlook, the firm said that makes these levels an attractive valuation to get in and buy the stock. Memory stocks — Investors’ favorite group in 2026 continued their rebound on Wednesday after a hefty sell-off that lasted through Monday trading. Sandisk was up more than 3% while Western Digital , Seagate Technology and Lam Research all jumped more than 2%. Oil stocks — Energy companies came under pressure as Western Texas Intermediate Crude futures once again fell below $100 on renewed investor hopes that an end to the U.S.-Iran war is near. Chevron and Exxon Mobil were both off 1%. ConocoPhillips and EOG Resources both fell more than 2%, while Occidental Petroleum declined over 3%. Newmont — The gold miner jumped nearly 4% as gold prices rebounded to start April after its worst month since 2013. Gold was up more than 1.7%, and earlier in the session traded at levels it hadn’t hit since March 20. Ares Management — Shares rose more than 3% despite the company revising down its first quarter net performance income guidance on Tuesday. Ares now expects that figure to be around $75 million instead of the previously forecasted $100 million.
