During Market hours yesterday — (Tuesday – 25.10.2022)
- The Dow (Symbol: DIA) went up +1.09%. The S&P 500 (Symbol: SPY) gained +1.60%. and the Nasdaq (Symbol: QQQ) rose +2.07%.
- Logitech (Symbol: LOGI) — The computer peripherals maker jumped +11% after Logitech reiterated its full-year guidance, which was lowered in July. Logitech has struggled with weaker demand after a boom in sales during the height of the pandemic.
- Xerox (Symbol: XRX) — Shares plunged -14.1% after the seller of print and digital document products and services reported disappointing earnings and cut its full-year revenue guidance. Xerox CEO Steve Bandrowczak said in a release that “profitability remains challenged by persistently high inflation and continued supply chain constraints.”
- General Motors (Symbol: GM) — Shares of General Motors rose +3.6% after the automaker handily beat third-quarter earnings expectations. The company also maintained its full-year outlook.
- General Electric (Symbol: GE) — The stock declined -0.5% after General Electric cut its full-year outlook because of supply chain issues. The company otherwise posted stronger-than-expected revenue.
During Premarket hours today — (Wednesday – 26.10.2022)
- Boeing (Symbol: BA) — Boeing is losing -1% in the premarket. The jet maker maintained its yearly cash flow forecast despite difficulties in elevating commercial jet production.
- Alphabet (Symbol: GOOGL) — Alphabet slumped -6% in the premarket after it reported lower-than-expected quarterly profit and revenue. Alphabet’s Google unit saw its fifth consecutive quarter of slower sales growth, and its YouTube operation saw ad revenue drop for the first time since the company began breaking out the unit’s results.
- Microsoft (Symbol: MSFT) — Microsoft took a -6.5% premarket hit following its quarterly results despite beats on both its top and bottom lines. Microsoft expects a significant decline in personal computer sales, which will in turn continue to hit sales of its Windows operating system. The company also forecast an impact from a stronger U.S. dollar.
- Visa (Symbol: V) — Visa reported better-than-expected profit and revenue for the third quarter as payment volumes jumped. Visa shares gained +1.8% in the premarket.
- Spotify (Symbol: SPOT) — Spotify shares slid -6.2% in premarket action after the streaming service posted a wider-than-expected loss. Spotify’s revenue came in slightly above analyst forecasts and its monthly active user total exceeded estimates.
- Mobileye (Symbol: MBLY) — Mobileye priced its initial public offering at $21 per share, above the expected range of $18 to $20. Chipmaker Intel (INTC), which bought the self-driving car systems maker in 2017 for $15.3 billion, will maintain voting control.
- Mattel (Symbol: MAT) — Mattel slid -5.5% in premarket trading after the toy maker cut its full-year profit forecast. It plans to increase holiday season promotions to offset inflation-induced consumer reluctance. Mattel reported a better-than-expected profit for its latest quarter, with revenue falling slightly shy of analyst forecasts.
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