CVS Health, AMD, Yum Brands Rise Premarket; Estée Lauder, Airbnb Fall By Investing.com

By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Wednesday, November 2nd. Please refresh for updates.

• CVS Health (NYSE:) stock rose 0.9% after the healthcare company raised its annual profit forecast after topping quarterly estimates on strong performance at its health insurance and pharmacy benefit management businesses.

• Airbnb (NASDAQ:) stock fell 6% after the vacation rental company forecast holiday quarter revenue falling short of market expectations, saying a strong dollar had started to pressure its business and bookings would moderate.

• Advanced Micro Devices (NASDAQ:) stock rose 6.2% after the semiconductor forecast strength in its data center business and promised to be careful with spending.

• Prudential Financial (NYSE:) stock fell 2% after the insurer a fall in quarterly adjusted profit as its assets under management came under pressure from a recent selloff in global markets.

• Estée Lauder (NYSE:) stock slumped 11% after the cosmetics giant cut its full-year forecasts, citing store closures from persistent COVID-19-related lockdowns in key market China.

• Yum! Brands (NYSE:) stock rose 0.7% after the fast food company beat estimates for quarterly comparable sales, benefiting from price hikes and steady demand.

• Humana (NYSE:) stock fell 0.3% after the health insurer affirmed its annual adjusted profit forecast after its , suffering by comparison after its main rivals lifted their annual earnings outlook last month.

• Paramount Global (NASDAQ:) stock fell 8.7% after the media giant missed with its result, as it struggled with the absence of major content releases and an extended weakness in ad sales.

• Canada Goose (NYSE:) stock fell 9.7% after the clothes retailer trimmed its full-year revenue and profit forecasts, citing COVID-19-related restrictions hitting sales in China.

• GlaxoSmithKline (NYSE:) ADRs rose 1.7% after the lifted its full-year earnings and sales outlook, following better-than-expected , helped by record demand for its Shingrix shingles vaccine.