By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, July 22nd. Please refresh for updates.
Texas Instruments (NASDAQ:TXN) stock fell 4.6% after the chipmaker said it expected sales to stagnate or decline in the current quarter, adding to concerns that demand for silicon chips is peaking.
Dow (NYSE:DOW) stock rose 1.6% after the chemicals company posted better than expected quarterly profit and revenue, helped by a steady rise in prices on the back of strong consumer and industrial demand.
AT&T (NYSE:T) stock rose 1.3% after the telecommunications giant reported a greater number of wireless subscribers than expected as well as an increase in signups for its HBO services.
American Airlines (NASDAQ:AAL) stock fell 1.4% after the airline reported net income of $19 million, snapping five consecutive quarters of losses, but this was largely down to more than $1 billion in federal payroll support.
Southwest Airlines (NYSE:LUV) stock fell 2.5%, handing back some of the previous session’s strong gains after the airline reported a smaller quarterly loss and said it would remain profitable for the rest of the year.
DR Horton (NYSE:DHI) stock fell 4.4% after the homebuilder reported capacity constraints even after posting a 77% rise in quarterly profit, benefiting from record-high property prices.
Visa (NYSE:V) stock rose 0.4% after the financial payments company announced plans to buy cross-border payments provider Currencycloud at a valuation of the equivalent of just under $1 billion.
Las Vegas Sands (NYSE:LVS) stock fell 3.1% after the casino operator reported a second-quarter loss, with its revenue falling below expectations as the public took time to return from the lockdowns.
Kinder Morgan (NYSE:KMI) stock fell 0.4% after the pipeline operator reported positive second-quarter numbers, but not quite as strong as the first quarter blowout.
CSX (NASDAQ:CSX) stock rose 3.6% after the railroad operator’s second-quarter profit more than doubled after it hauled 27% more freight than a year ago, reflecting the economic recovery.
Domino’s Pizza (NYSE:DPZ) stock rose 1.4% after the international pizza chain beat quarterly revenue estimates, helped by strong demand from its U.S. stores after a menu revamp.
Abbott Laboratories (NYSE:ABT) stock rose 0.1% after the medical device maker’s quarterly profit more than doubled, helped by strength in its diagnostics business.
- Didi Global ADR (NYSE:DIDI) fell 3.5% after Bloomberg reported that Chinese authorities are planning to impose a record fine on it and possibly order its delisting after it IPOed in New York despite regulators' concerns.
- Biogen (NASDAQ:BIIB) stock rose 1.2% after the drugmaker recorded sales totaling $2 billion of its controversial Alzheimer's treatment in the second quarter, saying it sees "strong indications of very high initial patient interest as well as increased referrals."