Stocks - Discount Brokers Plunge in Pre-market, Toll Brothers Soars

Stocks - Discount Brokers Plunge in Pre-market, Toll Brothers Soars

Aug 21, 2018

Stocks in focus in pre-market trade Tuesday:

• TD Ameritrade (NASDAQ:AMTD) stock tumbled 5.90%, Charles Schwab (NYSE:SCHW) fell 4.38% and E-TRADE Financial Corporation (NASDAQ:ETFC) sank 5.63% by 8:10 AM ET (12:10 GMT) as JPMorgan Chase (NYSE:JPM) announced it would offer free trades via a new investing app.

• Toll Brothers (NYSE:TOL) stock jumped 6.54% as the company reported fiscal third quarter results that beat on the top and bottom line.

• Tesla (NASDAQ:TSLA) stock gained 0.77% despite a Wall Street Journal report that 18 of 22 respondents in a survey of suppliers think the auto maker is a financial risk to their companies.

• Twitter Inc. (NYSE:TWTR) stock advanced 0.49% and Facebook (NASDAQ:FB) stock rose 0.52% despite U.S. President Donald Trump’s warning that it was “very dangerous” for social media companies to silence voices on their platforms.

• Kohl’s (NYSE:KSS) traded down 1.92% despite reporting better-than-expected second quarter numbers and lifting its full-year guidance.

• JM Smucker (NYSE:SJM) stock dropped 0.32% as fiscal first quarter revenue came in slightly below expectations.

• Medtronic (NYSE:MDT) stock jumped 3.77% after fiscal first quarter results beat consensus.

• Fabrinet (NYSE:FN) stock soared 7.39% as the company reported better-than-expected quarterly results.

• J.Jill Inc (NYSE:JILL) stock plummeted 11.11% after the company forecast that fiscal third quarter comparable sales would fall 2% to 4%.

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