Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
🙌 It's Here: the Only Stock Screener You'll Ever Need Get Started
Alphabet, Amazon Rise Premarket; Spotify Falls
Published Feb 03, 2021 07:56AM ET
© Reuters.
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, February 3rd. Please refresh for updates.
-
Amazon (NASDAQ:AMZN) stock rose 2.5% after founder Jeff Bezos announced he was standing down as CEO. This has taken the gloss off more strong earnings which saw the e-commerce giant report its first $100 billion quarter.
-
Alphabet (NASDAQ:GOOGL) stock rose 7.7% after Google’s parent topped quarterly sales expectations for its important advertising and Cloud businesses, helped in part by the pandemic.
-
Chipotle (NYSE:CMG) stock fell 2.8% after the burrito chain missed estimates for quarterly profit, hurt by extra costs related to keeping its business running during the pandemic.
-
Amgen (NASDAQ:AMGN) stock fell 2.5% after the biotech company disappointed with its 2021 earnings guidance even after reporting better-than-expected quarterly profit.
-
Electronic Arts (NASDAQ:EA) stock fell 3.8% after the video gaming company missed profit forecasts for the current quarter (although it raised its annual sales outlook), as more people turn to videogames during lockdowns.
-
Spotify (NYSE:SPOT) stock fell 7% after the streaming giant offered a conservative outlook for the current year, saying the pandemic may have pulled forward signups. It reported 155 million paid subscribers for its premium service.
-
Sony (NYSE:SNE) ADR rose 6.9% after the Japanese conglomerate raised its full-year profit outlook by one-third, helped by pandemic-fuelled demand for games, movies and other content.
-
Biogen (NASDAQ:BIIB) stock fell 3.9% after the biotech company said its profit came in below expectations for the latest quarter as revenue declined as it spent more on research and development.
-
GlaxoSmithKline (NYSE:GSK) ADR fell 4.5% after the drugmaker forecast 2021 profit to fall by a mid- to high-single digit percentage. It added that its plan to split into two businesses was on track.
-
Kraft Heinz (NASDAQ:KHC) stock rose 0.3% after the Wall Street Journal reported that the food giant is in talks to sell its Planters snack business to Hormel Foods (NYSE:HRL), up 0.5%, for about $3 billion.
-
Match Group (NASDAQ:MTCH) stock fell 4.6% after the online dating company provided a disappointing revenue growth forecast for this year, reflecting the toll the pandemic is having on the dating scene.
- Apple (NASDAQ:AAPL) stock rose 0.2% following a media report that the iPhone maker will invest 4 trillion won ($3.6 billion) as part of a collaboration with South Korean carmaker KIA Motors (KS:000270) on making electric vehicles. Kia stock jumped 14% in local trading.
- GameStop (NYSE:GME) stock fell 1.3%, AMC Entertainment (NYSE:AMC) stock 2.4%, Koss (NASDAQ:KOSS) stock rose 28% and Bed Bath & Beyond (NASDAQ:BBBY) stock rose 1.4% as the social media-driven trading volatility continued, although not to the same degree.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.