By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, February 4th. Please refresh for updates.
Qualcomm (NASDAQ:QCOM) stock fell 7.1% after the semiconductor said chip supply constraints were hampering its sales growth in its fiscal first quarter.
eBay (NASDAQ:EBAY) stock rose 8.8% after the online marketplace beat expectations for fourth-quarter earnings and provided strong guidance as the pandemic helped online shopping.
PayPal (NASDAQ:PYPL) stock rose 6% after the digital payments company posted a sharp jump in earnings as the pandemic-fueled increase in e-commerce shopping.
Apple (NASDAQ:AAPL) stock rose 1.7% following reports that the iPhone maker is close to finalizing a deal with Hyundai-Kia to produce branded autonomous electric vehicles.
American Airlines (NASDAQ:AAL) stock fell 1.4% after the troubled airline said some 13,000 employees are at risk of furlough when a U.S. aid package for airline workers expires on April 1.
MetLife (NYSE:MET) stock rose 2.3% after the insurer reported fourth-quarter profit, citing investment growth and underwriting gains being able to cushion the hit from coronavirus-related claims.
Merck (NYSE:MRK) stock fell 0.1% after the drugmaker said Kenneth Frazier would step down as chief executive officer at the end of June. The company also forecast 2021 adjusted profit of $6.48 and $6.68 per share, ahead of estimates.
Grubhub (NYSE:GRUB) stock fell 3.3% after the food delivery company missed estimates, hurt by increased costs for marketing as well as promotional support for restaurants.
Nokia (NYSE:NOK) ADR fell 3% after the Finnish telecom network equipment reported its fourth-quarter revenue fell 5%, and forecast 2021 revenues would continue dropping, to between 20.6-21.8 billion euros, from 21.9 billion in 2020.
Royal Dutch Shell (LON:RDSa) ADR fell 1.8% after the oil major reported a drop in annual profit of 71% to $4.8 billion, its lowest in at least two decades, as the coronavirus pandemic hit energy demand.
Canada Goose (NYSE:GOOS) stock rose 18% after the outdoor wear retailer beat expectations, helped by strong growth in China sales as well as a surge in online buying.
Deutsche Bank (DE:DBKGn) ADR fell 1.9% despite the German lender reporting a small annual profit in 2020, its first since 2014, helped by strong gains at its investment banking division.
- Vale (NYSE:VALE) ADR fell 0.3% after the iron ore producer reached a $7 billion settlement with Brazilian authorities over a dam collapse that killed 270 people in 2019.