During Market hours yesterday — (Tuesday – 18.10.2022)
- The Dow (Symbol: DIA) went up +1.13%. The S&P 500 (Symbol: SPY) gained +1.17%. and the Nasdaq (Symbol: QQQ) rose +0.79%.
- Hasbro (Symbol: HAS) — Shares of the toy company dipped -2.3% after the company reported third-quarter earnings that missed expectations. CEO Chris Cocks blamed “increasing price sensitivity” among consumers and inventory gluts.
- Salesforce (Symbol: CRM) — Salesforce shares gained +5.2% after Starboard Value revealed to CNBC that it has taken a “significant” stake in the software giant. Starboard founder Jeff Smith did not reveal the exact amount but said he sees a big opportunity after the shares fell more than 40% this year.
- Goldman Sachs (Symbol: GS) — Goldman Sachs rallied +3% after beating third-quarter analyst expectations for profit and revenue on better-than-expected trading results. The company also announced a corporate reorganization that combines the firm’s four main divisions into three.
- Lockheed Martin (Symbol: LMT) — Shares of the aerospace company jumped +8.5% after Lockheed reported third-quarter earnings of $6.87 per share excluding items, which was higher than a Refinitiv estimate of $6.66 per share.
- Amazon (Symbol: AMZN) — Amazon added +2.7% after Citi named it a top pick for both a hard and soft economic landing, saying it would perform well under either scenario.
During Premarket hours today — (Wednesday – 19.10.2022)
- Procter & Gamble (Symbol: PG) — The consumer products giant’s quarterly earnings of $1.57 per share beat estimates by 3 cents with revenue also topping Wall Street forecasts. Results were helped by a 7% boost in organic sales, although P&G cut its full-year revenue forecast due to the impact from a stronger US dollar. P&G rose +1.7% in the premarket.
- Netflix (Symbol: NFLX) — Netflix surged +12.2% in premarket trading after reporting it added 2.4 million subscribers during its latest quarter. That was more than twice the video streaming service’s prediction and reversed a trend that saw it lose subscribers for the past two quarters.
- Adobe (Symbol: ADBE) — The software maker’s stock rose +1.7% in the premarket after it reaffirmed its prior current-quarter outlook, encouraging investors who have seen other tech companies cut their forecasts as sales decline.
- United Airlines (Symbol: UAL) — United Airlines jumped +5.3% in premarket trading after reporting better-than-expected quarterly
- ASML (Symbol: ASML) — ASML reported better-than-expected quarterly sales and profit, as the semiconductor manufacturing equipment maker managed to thrive despite an overall industry slowdown. ASML jumped +5.2% in premarket action.
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