Check out the companies making the biggest moves in premarket trading: Target — The big box retailer sank 10.5% after announcing CEO Brian Cornell will be replaced by Chief Operating Officer Michael Fiddelke on Feb.1. Target also posted a second-quarter earnings and revenue beat, although its sales and traffic declined, and reiterated its full-year outlook. Lowe’s — Shares of the home improvement retailer moved 3% higher on the back of its latest financial results . Earnings came in at $4.33 per share for the second quarter, topping the $4.24 expected from analysts polled by LSEG. Revenue was $23.96 billion, matching the consensus estimate. Lowe’s also increased its full-year sales guidance. Estée Lauder — Shares tumbled 8% after the beauty company said it expects tariff-related headwinds to impact profitability for its fiscal 2026 year by approximately $100 million. Estée Lauder also guided for fiscal 2026 adjusted earnings per share in a range below FactSet’s consensus estimate, and for fiscal 2026 year-over-year revenue growth of 2.5%, less than the expected 2.6%. Hertz — The car rental company jumped 9% after announcing it will begin selling pre-owned vehicles on Amazon Autos. The offering will be available beginning in four city areas as soon as Wednesday and will expand to 45 locations nationwide. Analog Devices — The stock rose 3.8% following the semiconductor company’s earnings beat. Analog Devices reported third-quarter adjusted earnings of $2.05 per share on revenues of $2.88 billion. Analysts polled by LSEG had expected EPS of $1.95 on revenues of $2.77 billion. The company also raised its fourth-quarter guidance. TJX — The stock rose 4.4% after the discount retailer reported second-quarter results that exceeded expectations. TJX posted earnings of $1.10 per share on revenues of $14.40 billion. Analysts polled by LSEG had expected per-share earnings of $1.01 on revenues of $14.13 billion. La-Z-Boy — Shares slid 22% after the manufacturer of recliners posted earnings of 47 cents per share, excluding items, in the fiscal first quarter, missing the consensus estimate from analysts polled by FactSet of 53 cents. The company also gave weaker-than-expected guidance for current-quarter revenue. Alcon — U.S.-listed shares of the Swiss-based eyecare company shed 11%. Alcon’s second-quarter revenue of $2.58 billion came in below the $2.62 billion expected from analysts polled by FactSet. The company also lowered its full-year revenue guidance. Toll Brothers — The luxury homebuilder slipped 1.6% following its weak full-year outlook. Toll Brothers, which reported a third-year earnings and revenue beat, expects to deliver 11,200 units versus its prior guidance of 11,200 to 11,600 units. It also guided for the average delivered price per home to come between $950,000 to $960,000, compared to its prior guidance of $945,000 to 965,000. Snowflake — The software stock rose 2.4% after being upgraded at Bank of America to buy from neutral. The bank expects its earnings, due next week, will be a catalyst for the stock and believes Snowflake will outperform long term thanks to artificial intelligence. Upstart — The online lender added 2.5% on the back of an upgrade at JPMorgan to overweight from neutral. The firm said the improved macroeconomic outlook is positive for seasoned fintech leaders and believes Upstart offers the best risk/reward. Gap — The clothing retail moved 2% lower as shares were downgraded to neutral from buy at Citi, which cited tariff pressures. Chip companies — Shares of some chips manufacturers moved lower following a Reuters report that the Trump administration is considering taking equity stakes in those companies that receive funding from the CHIPS Act. Micron sank 5%, while Intel , Taiwan Semiconductor Manufacturing and AMD were all down about 1%. — CNBC’s Alex Harring, Sarah Min and Lisa Han contributed reporting.
