By Geoffrey Smith
Investing.com -- Stocks in focus in premarket trade on Wednesday, 22nd January. Please refresh for updates.
8:50 AM ET: Apple (NASDAQ:AAPL) stock was up 0.7% after a Bloomberg report saying that the company was preparing to start manufacturing its new cut-price iPhone in February. The company has said it expects an upsurge in demand for phones this year as companies roll out 5G services.
8:43 AM ET: Capital One (NYSE:COF) stock was up 2.4% and closing in a new 12-month high after the lender beat consensus forecasts for earnings and revenue after the bell on Tuesday.
08:39 AM ET: Netflix (NASDAQ:NFLX) stock was down 0.5%, but vacillating around last night’s closing price, after a mixed set of earnings that showed international subscriber growth well ahead of forecasts, but a third-straight miss on subscribers in the more saturated U.S. market. Analysts saw the signs of growing competition in the U.S. streaming space, a phenomenon which is likely to replicate itself abroad in the long term.
- 8:25 AM ET: Johnson & Johnson (NYSE:JNJ) stock fell 1.2% after the company’s net earnings fell 54% to 66c a share due to various legal costs. Damages payments related to past sales of opioids, talc and other products stopped the company from giving an overall forecast for 2019 net profit, although it raised its guidance for its underlying businesses after strong performances from its medical devices and pharma divisions.