4 stocks to watch for Thursday: Adobe, Dollar General and more
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Wall Street continued to show uncertain trading during Thursday's premarket period, following a mixed performance the previous day, which was headlined by a sharp drop in Treasury yields. Here are some stocks to watch on Thursday:

Adobe (NASDAQ:ADBE) rose in premarket trading after reporting Street-beating Q1 earnings, with the stock surging by 6%. The design software maker also topped projections with its revenue figure, which rose 9% from last year to reach $4.66B. Looking ahead, the company projected Q2 revenue of $4.75B-$4.78B.
Dollar General (DG) reported better-than-expected Q4 earnings, with revenue that jumped nearly 18% from last year. However, the low-cost retailer gave a cautious forecast, predicting 2023 net sales growth of 5.5%-6.0%, with EPS growth of about 4% to 6%. In issuing its projections, the firm noted that it will face higher interest expenses and a tough comparison to the previous year. Shares dipped about 2% before the opening bell.
U.S. social media bellwethers Snap (SNAP) and Meta (META) saw gains in premarket action amid reports that the U.S. is threatening a ban of rival TikTok, which is owned by China-based ByteDance. SNAP rose more than 7% before the opening bell, while META climbed 2%.


For a look at the overall market, Seeking Alpha contributor Mott Capital Management argues that "the S&P 500 may be heading to 3,500" amid a drop in Treasury yields and a lack of earnings growth.