WYNN - 4 stocks to watch on Wednesday: Target Doximity and more

2023-05-17 09:00:03 ET

Stocks showed mild strength in Wednesday's premarket trading, bouncing back after a slide the previous day. Wall Street has seen choppy trading lately amid the ongoing standoff over the U.S. debt ceiling. Here are some stocks to watch on Wednesday:

• Target ( NYSE: TGT ) reported Q1 earnings and revenue that exceeded analysts' expectations. This included a top-line total that edged up less than 1% from last year to $25.3B. Looking ahead, the retailer predicted full-year EPS of $7.75 to $8.85, compared to Wall Street's consensus of $8.47.
• Doximity ( DOCS ) dropped 9% in premarket action after its Q4 earnings report included soft Q1 guidance . The company reported Street-topping results for its latest quarter. For the current fiscal period, the online networking service for medical professionals predicted revenue between $106.5M and $107.5M. Analysts had projected a total close to $111M.
• Wynn Resorts ( WYNN ) rose in premarket trading, climbing nearly 3% after the casino operator received an upgrade from Barclays. The firm raised its rating on WYNN to Overweight from Equal-weight citing pent-up demand in the company's China operations.
• Cisco Systems ( CSCO ) is scheduled to report its quarterly results after the closing bell. Analysts expect the networking equipment maker to earn $0.97 per share on revenue of $14.4B. Investors will also look closely at the firm's bookings and any commentary about its supply chain.

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