By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, July 29th. Please refresh for updates.
Amazon (NASDAQ:AMZN) stock rose 11.1% after the world’s largest online retailer forecast a jump in third-quarter revenue, as it collects bigger fees from Prime loyalty subscriptions and as consumer demand remained high.
Apple (NASDAQ:AAPL) stock rose 2.5% after the tech giant’s fiscal third-quarter revenue and profit narrowly topped estimates, with sales of its flagship iPhone holding up better than expected.
Roku (NASDAQ:ROKU) stock fell 21.2% after the streaming device maker missed expectations for its second quarter, citing inflationary pressures as well as supply chain issues, and warned that the ad market will continue to suffer.
Intel (NASDAQ:INTC) stock fell 11.7% after the chipmaker slashed its annual sales and profit forecasts as demand for its chips used in personal computers cooled.
Exxon Mobil (NYSE:XOM) stock rose 2.6% after the oil major posted its biggest quarterly profit ever on the back of soaring energy prices and as it kept a tight rein on spending.
Chevron (NYSE:CVX) stock rose 3.3% after the energy company increased its share buyback guidance on posting its biggest quarterly earnings ever, built on strong fuel margins and high prices for natural gas and oil.
Procter & Gamble (NYSE:PG) stock fell 3.7% after the consumer goods giant disappointed with its second-quarter profit, citing headwinds from a stronger dollar and higher commodity and freight costs.
Newell Brands (NASDAQ:NWL) stock fell 0.9% after the consumer goods company reported weaker than expected full-year guidance, citing a weak macroeconomic environment.