Stocks making the biggest moves premarket: Lowe's, Target, TJX and more

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Check out the companies making headlines before the bell:

Lowe's (LOW) – Lowe's rose 1% in the premarket after it reported quarterly earnings of $4.67 per share, 9 cents above estimates. The home improvement retailer saw both revenue and comparable store sales come in below analyst forecasts but predicted full-year earnings would come in at the top end of its guidance range.

Target (TGT) – Target fell 3.3% in premarket trading after the retailer reported quarterly earnings of 39 cents per share, well short of the 72-cent consensus estimate. Target's revenue matched estimates, but it cut prices significantly during the quarter to reduce excess inventory. Target said the 1.2% operating margin rate during the second quarter would improve to about 6% in the back half of the year.

TJX (TJX) – The parent of the T.J. Maxx and Marshalls retail chains beat estimates by 3 cents with a quarterly profit of 69 cents per share, but revenue and comparable store sales came in less than expected. TJX cut its full-year forecast as well, saying inflation impacted the spending habits of its customers, and the stock fell 1.2% in the premarket.

Krispy Kreme (DNUT) – Krispy Kreme tumbled 14.7% in premarket action after the doughnut chain reported lower-than-expected profit and revenue for the second quarter. Krispy Kreme said it is seeing significant deceleration in commodity costs in recent weeks.

Manchester United (MANU) – Manchester United rose 4.6% in the premarket after Elon Musk tweeted that he was buying the British football team and then subsequently said he was joking.

Bed Bath & Beyond (BBBY) – Bed Bath & Beyond surged 22.8% in the pre-market after registering over 20% gains in each of the past three sessions. The