These are the stocks posting the largest moves before the bell.Market Insiderread more
Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
The second-largest investor in Kraft Heinz Company discloses that it has again trimmed its stake in the food company.Marketsread more
Retailers could be in for a jolly jump in holiday sales despite headwinds like the U.S.-China trade war and threat of another economic slowdown.Retailread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
Apple isn't trying to blow our minds with groundbreaking new features on the iPhone 11, but is making lots of little improvements each year, this year focusing on cameras and...Technologyread more
The move is the latest sign of the blurring boundaries between big tech and big finance amid challenges for both industries.Financeread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Pizza Hut is also talking with Kellogg and other suppliers about the plant-based meat trend.Restaurantsread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
Check out the companies making headlines after the bell:
Shares of Nordstrom tanked more than 9% in extended trading after the department store reported first-quarter results that missed on the top and bottom lines. Nordstrom reported earnings of 23 cents per share on revenue of $3.44 billion. Wall Street had expected earnings of 43 cents per share on revenue of $3.58 billion, according to Refinitiv consensus estimates.
Nordstrom also gave disappointing guidance, lowering its full-year earnings guidance to $3.25 per share from an earlier projection of $3.73 per share. The company now projects that its current fiscal year revenue will fall 2%, compared with a previously stated estimate that revenue would rise 3.3%.
Pure Storage stock plummeted more than 18% after the computer data storage company reported first-quarter results that disappointed investors. Pure Storage reported a loss of 11 cents per share and revenue of $327 million. Analysts surveyed by Refinitiv had expected a loss of 8 cents per share and revenue of $333 million. The company also gave revenue guidance for the current fiscal year that was slightly below estimates.
Shares of Lions Gate rose as much as 3% after CNBC reported that the company is still interested in selling Starz to CBS. Lions Gate rejected CBS's preliminary $5 billion offer to buy the channel, sources told CNBC.
Shares of Urban Outfitters dropped more than 5%, despite first-quarter earnings that beat expectations. The company reported earnings of 31 cents per share, 6 cents higher than expected, and revenue of $864 million, $10 million higher than expected. Urban Outfitters also reported a 1% rise in comparable sales, while analysts surveyed by FactSet had projected a 1.1% drop.
Toll Brothers stock seesawed after the home construction company reported better-than-expected second-quarter results. The stock rose as much as 2% and fell as much as 3% after the report. The company reported earnings of 87 cents per share and revenue of $1.71 billion, while analysts had projected earnings of 75 cents per share and revenue of $1.54 billion, according to Refinitiv consensus estimates.
Shares of PVH jumped more than 3% after the clothing company, which owns brands including Tommy Hilfiger and Calvin Klein, named Stefan Larsson as its president — a newly created position — effective June 3. The former CEO of Ralph Lauren will be in charge of managing the branded business and regions. He will report directly to Emanuel Chirico, PVH's chairman and CEO.