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Texas Instruments, DR Horton Fall Premarket; AT&T Rises

Stock MarketsJul 22, 2021 08:06AM ET
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© Reuters.

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." 

 

Texas Instruments, DR Horton Fall Premarket; AT&T Rises
 

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christos rousakis
christos rousakis Jul 22, 2021 9:26AM ET
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buy all circus
 
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