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Marketwatch, trending stocks!

U.S. stocks opened slightly lower on Wednesday.

The benchmark S&P 500 shed 0.3%. The blue-chip Dow industrial was flat.

The tech-heavy Nasdaq Composite lost 0.8%, slightly stronger-than-expected retail sales were weighed against mixed news in corporate earnings reports.

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FactSet trending stocks Wednesday

Target sank 14% to start the day after reporting weaker earnings than Wall Street forecasted and slashing holiday-period forecasts.

Advance Auto Parts: The automotive parts seller’s shares dropped 14% premarket after its earnings came in below analysts’ predictions and it lowered its adjusted per-share earnings forecasts for the year.

Target: The retailer said consumers pulled back on their spending in recent weeks, sapping sales and profits in the latest quarter and putting a cloud over its holiday season. Its shares dropped 14% premarket.

Lowe’s: The home-improvement retailer reported higher sales for the recently ended quarter and raised its full-year earnings outlook. Its shares added 1.8% ahead of the bell.

Lulu’s Fashion Lounge: The online apparel retailer’s shares dropped 13% premarket after it lowered its forward guidance and said that its margins had been compressed.

Carnival: The cruise operator moved to refinance bonds due in 2024 as it commenced a private offering of $1 billion of senior notes due in 2027. Carnival shares fell 13% premarket.

Estée Lauder: The cosmetics company will acquire Tom Ford in a deal valued at roughly $2.8 billion, building on a longstanding licensing agreement. Estée Lauder shares added 2.4% premarket.

Cisco Systems and Nvidia are among the companies reporting earnings Wednesday.

Soure; Factset/DowJones