Here are the stocks making the biggest moves premarket:

August 22, 2023: Here are the stocks making the biggest moves premarket:

• Dick’s Sporting Goods (DKS) is up 12% after reporting better-than-expected earnings and revenue for the third quarter.
• Fabrinet (FN) is up 10% after the company reported solid earnings and revenue for the third quarter.
• Macy’s (M) is up 8% after the company reported better-than-expected earnings for the third quarter.
• AppLovin (APP) is down 10% after the company reported weaker-than-expected earnings for the third quarter.
• Zillow Group (ZG) is down 9% after the company announced that it would sell its home-buying business.

Here are some key takeaways from the news:

• Dick’s Sporting Goods beat analyst expectations for earnings per share of $1.39 on revenue of $2.81 billion. The company also raised its guidance for the entire year.
• Fabrinet beat analyst expectations for earnings per share of $1.70 on revenue of $656.9 million. The company also raised its guidance for the entire year.
• Macy’s beat analyst expectations for earnings per share of 97 cents on revenue of $5.35 billion. The company also raised its guidance for the entire year.
• AppLovin missed analyst expectations for earnings per share of 12 cents on revenue of $334.2 million. The company also lowered its guidance for the entire year.
• Zillow Group announced it would sell its home-buying business, Zillow Offers, to Offerpad. The company said the sale would allow it to focus on its core real estate brokerage business.

Here are some actional and practical takeaways from the news:

• Investors interested in Dick’s Sporting Goods, Fabrinet, or Macy’s may want to consider buying shares in the premarket.
• Investors interested in AppLovin may want to consider selling shares in the premarket.
• Investors interested in Zillow Group may want to wait and see how the sale of its home-buying business affects the stock price.

The stocks making the biggest moves premarket are a mixed bag. Some stores are up after reporting solid earnings, while others are down after reporting weaker-than-expected earnings. Investors should carefully consider the news from each company before making any investment decisions.