During Market hours Yesterday – (Wednesday – 28.07.2021):

The major averages are on track to end the month higher, with the S&P (Symbol: SPY) up 2.4% for July. The Nasdaq (Symbol: QQQ) and Dow (Symbol: DIA) are up 1.8% and 1.2%, respectively.

  • Alphabet (Symbol: GOOGL) — Shares of the Google parent popped 3.2% on the back of the company’s stellar quarterly earnings. Alphabet registered a 69% jump in advertising revenue in the second quarter, while it posted an EPS of $27.26, crushing expectations of $19.34 per share. YouTube revenue came in over $7 billion, up 83% from last year.
  • Starbucks (Symbol: SBUX) — The stock fell 2.9% despite the company reporting fiscal third-quarter sales and profit topping Wall Street’s estimates. The coffee chain posted earnings of $1.01 per share and $7.5 billion in revenue, as same-store sales rebounded both in the U.S. and overseas. Starbucks also raised its fiscal 2021 earnings-per-share forecast.
  • McDonald’s (Symbol: MCD) — Shares of the restaurant chain slipped 1.9% despite the company reporting better-than-expected results in its second-quarter report. McDonald’s earned an adjusted $2.37 in earnings per share on $5.89 billion in revenue, compared with respective projections of $2.11 and $5.6 billion. The stock had gained for six straight days ahead of the report.
  • Boeing (Symbol: BA) — The aircraft maker popped 4.2% after it reported a surprise quarterly profit of 40 cents per share, with analysts having anticipated a loss of 83 cents per share. Revenue also exceeded estimates, helped by higher jet deliveries as aircraft demand rebounds from a pandemic slump.
  • Pfizer (Symbol: PFE) — Shares of the drug maker went up by 3.2% after the company reported earnings of $1.07 per share and revenue of $18.9 billion, beating analysts’ estimates for the second quarter. It also raised its full-year forecast, saying it anticipates strong sales of its Covid-19 vaccine to continue.
  • Spotify (Symbol: SPOT) — The stock sank 5.7% after Spotify reported a loss of 19 cents per share for the second quarter, which is 18 cents higher than the loss projected by Wall Street analysts. The music streaming service also reported that its monthly active user numbers fell below its prior guidance.
  • Advanced Micro Devices (Symbol: AMD) — AMD’s stock climbed 7.6% higher after the company reported earnings of 63 cents per share, 9 cents higher than what analysts expected. AMD also posted revenue of $3.85 billion, beating a forecast of $3.62 billion. The chip maker issued strong third-quarter revenue guidance and raised its full-year revenue guidance.
  • Teladoc Health (Symbol: TDOC) — The telehealth company fell 0.5% after Teladoc reported a wider-than-expected loss for the second quarter. Membership also grew just 1% year over year. Deutsche Bank downgraded the stock to hold from buy following the report.

During Premarket hours today – (Thursday – 29.07.2021):

 U.S. GDP increased 6.5% in the second quarter, well below expectations.

Weekly initial jobless claims falls to 400,000

  • Robinhood (Symbol: HOOD), whose stock trading app surged in popularity among retail investors, is expected to make its debut on the Nasdaq Today. The initial public offering was priced Wednesday night at the low of the range at $38 each, raising about $2 billion and valuing the firm at about $32 billion.
  • Comcast (Symbol: CMCSA) – Comcast rose 1.9% in the premarket after reporting adjusted quarterly earnings of 84 cents per share, beating the consensus estimate of 67 cents. The NBCUniversal parent also reported better-than-expected revenue, helped by a rebound in ad sales and a reopening of theme parks.
  • Merck (Symbol: MRK) – The drug maker matched estimates with adjusted quarterly profit of $1.31 per share, with revenue beating Street forecasts. Sales of cancer drug Keytruda jumped 23%, in line with expectations. Merck fell 1.8% in premarket trading.
  • Facebook (Symbol: FB) – Facebook shares fell 3.7% in premarket trading after the company said revenue growth will slow during the second half of the year as a change in Apple’s (AAPL) privacy policies will hurt Facebook’s ability to target ads. For the second quarter, Facebook reported earnings of $3.61 per share compared to a consensus estimate of $3.03, with revenue also topping Wall Street forecasts.
  • Ford (Symbol: F) – Ford surprised analysts with an adjusted quarterly profit of 13 cents per share. The automaker had been expected to report a second-quarter loss of 3 cents per share, due in large part to a chip shortage crimping production. However, Ford said it expected that situation to improve in the second half, and it raised its full-year outlook. Ford jumped 4% in the premarket.
  • PayPal (Symbol: PYPL) – PayPal beat estimates by 3 cents with adjusted quarterly earnings of $1.15 per share, with the payment service’s revenue essentially in line with analyst projections. However, shares came under pressure after it gave a lower-than-expected outlook, as former PayPal parent eBay (EBAY) continues its transition to its own payment platform. The stock slid 5.6% in premarket trading.
  • Qualcomm (Symbol: QCOM) – Qualcomm reported adjusted quarterly earnings of $1.92 per share, beating the $1.68 consensus estimate, with the chip maker’s revenue also exceeding Street forecasts. Qualcomm also gave an upbeat forecast as it expects supply chain disruptions to ease. Qualcomm added 3.2% in the premarket.
  • Uber Technologies (Symbol: UBER) – Uber dropped 5.1% in premarket trading after sources told CNBC that Japanese investment giant Softbank is selling a chunk of its stake in Uber to cover losses related to its investment in another ride-hailing company, Didi Global (Symbol: DIDI). Didi itself is in the news, denying an earlier Wall Street Journal report that it was considering going private. Didi had been up well over 30% in the premarket before that denial, before trimming that still-large gain to 17.5%.
  • iRobot (Symbol: IRBT) – iRobot shares plunged 11.5% in premarket trading after it reported a second-quarter loss and cut its full-year outlook. The maker of the Roomba robotic vacuum cleaner said the worldwide chip shortage would continue to hurt its ability to fulfill orders during the second half of the year.

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