During Market hours Yesterday — (Thursday – 28.04.2022):
- The Dow (Symbol: DIA) went up 1.88%. The S&P 500 (Symbol: SPY) rose 2.53% and the Nasdaq (Symbol: QQQ) gained 3.55%.
- Meta Platforms (Symbol: FB) — Shares of the company formerly known as Facebook surged 17.6% after reporting mixed first-quarter results. The company posted a beat in earnings but a disappointing revenue miss. It also saw daily active users grow following a decline in the fourth quarter.
- McDonald’s (Symbol: MCD) – Shares of the restaurant chain gained nearly 3% after first-quarter revenue topped expectations. McDonald’s reported first-quarter revenue of $5.67 billion versus the $5.59 billion expected by analysts, according to Refinitiv. The company saw same-store sales growth of 3.5% in the U.S. and even higher in international markets, ahead of estimates compiled by StreetAccount.
- Qualcomm (Symbol: QCOM) — Qualcomm’s stock price surged more than 9.7% after its most recent earnings report showed all four of the company’s semiconductor businesses grew during the most recent quarter. Qualcomm posted adjusted earnings per share of $3.21 on revenue of $11.16 billion. Analysts surveyed by Refinitiv were forecasting earnings of $2.91 per share on revenue of $10.60 billion.
- PayPal (Symbol: PYPL) — PayPal shares jumped 11.5% following a beat on revenue in the first quarter. The stock rose even as the payments firm issued weak guidance for the second quarter and full year.
- Mastercard (Symbol: MA) — Mastercard shares gained 4.8% following a beat on the top and bottom lines in the recent quarter. For the first time since the start of the pandemic, the company said cross-border travel ticked above 2019 levels.
- Pinterest (Symbol: PINS) — Pinterest’s stock price jumped 13.6% following an earnings beat. On Wednesday, the image-sharing company reported adjusted earnings of 10 cents per share and revenues of $575 million. In comparison, analysts polled by Refinitiv expected earnings of 4 cents per share on revenues of $573 million.
During Premarket hours today – (Friday – 29.04.2022):
- Apple (Symbol: AAPL) — Apple’s stock price dipped 2% after CFO Luca Maestri said supply chain issues would hurt third-quarter sales by as much as $8 billion. Still, many analysts on Wall Street remained positive on the company after its recent earnings report that topped expectations. One analyst said any weakness in the stock is a buying opportunity.
- Amazon (Symbol: AMZN) — Shares dropped more than 9% after Amazon disclosed weaker-than-expected revenue guidance for the second quarter. The tech giant also posted a $7.6 billion loss on its investment into Rivian, which lost more than half its value in the quarter.
- Roku (Symbol: ROKU) — Shares of Roku popped more than 4% after the digital media player manufacturer on Thursday reported sales that exceeded expectations in its recent quarter. Roku posted a revenue of $733.7 million. Analysts polled by Refinitiv were expecting $718 million.
- Intel (Symbol: INTC) — Shares fell more than 3% after Intel issued weak guidance for its fiscal second quarter, overshadowing stronger-than-expected earnings for the previous quarter.
- Robinhood (Symbol: HOOD) — The retail brokerage stock dropped nearly 10% following a first-quarter report that showed declining revenue and monthly active users. CEO Vlad Tenev said that the company saw its customers with smaller accounts trade less when the market fell.
- Alibaba (Symbol: BABA), Pinduoduo (Symbol: PDD), Baidu (Symbol: BIDU) — Chinese technology stocks surged after policymakers in the country signaled an easing of the crackdown on tech companies. Alibaba rallied more than 10%, Pinduoduo soared 15% and Baidu jumped more than 8%.
- Chevron (Symbol: CVX) — Shares dipped 1% even after Chevron posted better-than-expected results for the previous quarter. Chevron posted earnings per share of $3.36 per share on revenues of $54.37 billion. Analysts polled by Refinitiv were expecting $3.27 earnings per share on revenues of $47.94 billion.
- Exxon Mobil (Symbol: XOM) — Exxon Mobil’s stock price dipped 1% after the oil and gas company reported weaker-than-expected quarterly results. The energy company earned $2.07 per share, lower than Refinitiv estimates of $2.12 earnings per share. Exxon Mobil reported revenues of $90.5 billion, compared to a Refinitiv forecast of $92.7 billion.
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