Stocks In Focus In Premarket Trading

NEWEST

JAPAN’S EXPORTS DOWN FOR EIGHTH MONTH, SALES TO CHINA SLUMP AS RECESSION FEARS GROW OIL RISES AS U.S. RETAIL SALES EASE RECESSION FEARS YEN NEAR SEVEN-MONTH HIGH VERSUS DOLLAR; HONG KONG, ARGENTINA WOES FUEL RISK AVERSION GOLDMAN SACHS ECONOMISTS SAY FEARS RISE THAT U.S.-CHINA TRADE WAR LEADING TO RECESSION CHINA’S EXPORTS UNEXPECTEDLY RISE IN JULY AUGUST COLLAPSE IN THE 10-YEAR US TREASURY YIELD PICKS UP STEAM, NOW AT JUST 1.65% STOCKS DEEPEN LOSSES AS U.S. PUTS YUAN IN TRADE WAR CROSSHAIRS OIL UP 3%, RECOUPING SOME LOSSES FROM TRUMP TARIFFS COMMENTS BANK OF ENGLAND CUTS GROWTH FORECASTS AS BREXIT AND GLOBAL WORRIES MOUNT FED CUTS INTEREST RATES, SIGNALS IT MAY NOT NEED TO DO MORE

Stocks In Focus In Premarket Trading

Stocks In Focus In Premarket Trading

 

  • Morgan Stanley (NYSE:MS) was up 2.3% by 8:15 AM ET (12:15 GMT) after its revenue fell less than expected in a weak quarter that also saw a 9% drop in profit.

 

  • Netflix (NASDAQ:NFLX) stock rose 2.5% after the streaming company added a record number of subscribers in the first quarter. That overshadowed a forecast for second-quarter earnings that was below consensus.

 

  • Qualcomm (NASDAQ:QCOM) stock rose another 10.5% after surging 23% on Tuesday in response to its patent settlement with Apple (NASDAQ:AAPL). Analysts point out that it could also now settle a similar dispute with Huawei, further boosting its earnings potential.

 

  • PepsiCo (NASDAQ:PEP) jumped 1.6% after it topped analysts’ estimates, organic revenue growing by 5.2% during the first quarter. It reported earnings per share of $0.97 on $12.88 billion in revenue.

 

  • Sprint (NYSE:S) slumped 7.2% after The Wall Street Journal reported that the Department of Justice is unlikely to approve its merger with T-Mobile (NASDAQ:TMUS) due to antitrust concerns. Verizon (NYSE:VZ) was also down 0.2% and AT&T (NYSE:T) down 0.3% on fears that the lack of consolidation in the sector may continue to pressure margins.

 

  • ABB (NYSE:ABB) skyrocketed 5.5% after it announced its CEO Ulrich Spiesshofer is leaving and will be replaced by Chairman Peter Voser on an interim basis.

 

  • Boeing (NYSE:BA) inched up 0.4% as proxy advisory firms ISS and Glass Lewis are pushing for the airline maker to separate the roles of chairman and CEO, after two of its 737 Max planes crashed.

Contact us

Whenever you are unsure about something or just require some information, we are here for you. Do not hesitate to contact us.

We provide 24/5 customer support.
From Sunday to Thursday

+971 42 42 4120 info@gulfbrokers.ae