U.S. Stocks to Watch: Estee Lauder, Workday, Zoom Communications, Take-Two, Imax, and More

Dow Jones
05/22

US stock futures pointed higher Friday as investors remained cautiously optimistic a deal to end the stalemate between the U.S. and Iran could be reached.

These stocks were moving in premarket trading:

Estee Lauder rose 10%. The cosmetics company ended its acquisition talks with Spain's Puig Brands.

Workday's first-quarter earnings and sales topped analysts' expectations and subscription numbers rose, flying in the face of the market sentiment that artificial intelligence would disrupt the software industry. The stock gained 8.6%.

Zoom Communications gained 6.8% after raising its fiscal-year outlook as the company leans into artificial-intelligence offerings.

Shares of Take-Two Interactive Software rose 4.1%. The videogame maker reported a narrower-than-expected fiscal fourth-quarter loss but provided weak bookings outlook for the current fiscal year.

Ross Stores, the discount apparel and home accessories retailer, reported first-quarter sales and earnings that topped Wall Street expectations. The stock jumped 5%. The company also boosted its fiscal-year outlook.

Imax gained 8%. The high-end movie-screen company is exploring a sale and has approached entertainment companies as potential buyers, The Wall Street Journal reported, citing people familiar with the situation.

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