During Market hours Yesterday — (Thursday – 27.10.2022):
- The Dow (Symbol: DIA) went up +0.65%. The S&P 500 (Symbol: SPY) lost -0.53%. and the Nasdaq (Symbol: QQQ) fell -1.82%.
- Meta Platforms (Symbol: META) — The Facebook parent slumped -24.6% after issuing weak guidance for the current quarter and missing earnings estimates for the third quarter. Meta Platforms also shared its second consecutive quarterly revenue, with its Reality Labs unit losing more than $9 billion, and got hit by a slew of analyst downgrades.
- McDonald’s (Symbol: MCD) — The fast-food giant’s shares got a +3.4% lift after the company beat earnings expectations for its most recent quarter. Traffic is growing in U.S. restaurants, McDonald’s reported, even after raising prices.
- Credit Suisse (Symbol: CS) — Shares of the Swiss bank plummeted -20% after Credit Suisse posted a greater-than-expected loss for the third quarter. Credit Suisse also
- Teladoc Health (Symbol: TDOC) — Shares of Teledoc Health jumped +6.5% after the company reported a narrower-than-expected loss for its most-recent quarter. The company also reported revenue that beat Wall Street’s expectations during the quarter.
- Shopify (Symbol: SHOP) — The e-commerce company surged more than +17% after sharing a smaller-than-expected loss for the recent quarter.
- Boeing (Symbol: BA) — Boeing shares surged more than +4% after Goldman Sachs lowered its price target on the aircraft manufacturer, but reiterated its belief in the company’s business. The new price target suggests shares could rally more than 80% from Wednesday’s close.
During Premarket hours today – (Friday – 28.10.2022):
- Exxon Mobil (Symbol: XOM) — Exxon Mobil added +2.2% in premarket trading after record profits exceeded analyst forecasts. Higher natural gas prices and cost controls helped offset the slide in crude oil prices.
- Amazon (Symbol: AMZN) — Amazon slumped -12.3% in the premarket after projecting much weaker-than-expected revenue for the current quarter. Amazon’s projection reflects economic uncertainty and a significant hit from a stronger U.S. dollar.
- Apple (Symbol: AAPL) — Apple beat top and bottom line estimates for its latest quarter, with its highest revenue ever for the July through September period. However, iPhone sales during the quarter were slightly below Street forecasts. Apple added +1% in premarket trading.
- Pinterest (Symbol: PINS) — Pinterest surged +10% in the premarket after its quarterly results beat analyst forecasts and its monthly user numbers also topped expectations.
- Intel (Symbol: INTC) — Intel rallied +6.9% in premarket action despite cutting its full-year sales forecast. The chip maker beat top and bottom line estimates for its latest quarter and said it will focus on cost reductions over the next year.
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