Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Twitter, Uber Rise Premarket; PayPal Falls

Published 11/03/2020, 08:02 AM
Updated 11/03/2020, 08:03 AM
© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Tuesday, November 3rd. Please refresh for updates.

  • PayPal (NASDAQ:PYPL) stock fell 5.6% after the online payments operator cut its revenue forecast to reflect a sharp slowdown in user growth in the third quarter.

  • Twitter (NYSE:TWTR) stock rose 1.4% after CEO and Founder Jack Dorsey survived pressure from activist investor Elliott Management to unseat him.

  • Cirrus Logic (NASDAQ:CRUS) stock soared 7.8% after the semiconductor supplier beat expectations with its fiscal second-quarter earnings, while also announcing the appointment of a new CEO.

  • Uber (NYSE:UBER) stock rose 0.9% and Lyft (NASDAQ:LYFT) stock rose 1.4% as investors expect California voters on Tuesday to pass a proposal that would allow the ride-sharing companies to maintain their current business model and not force them to offer drivers employee status.

  • Royal Caribbean (NYSE:RCL) stock fell 0.4% after the cruise operator said on Monday it would stop all its cruises through the end of the year, extending previous suspensions, as coronavirus infections continue to increase globally.

  • Walmart (NYSE:WMT) stock rose 0.9% after the Wall Street Journal reported that the retail giant has cut ties with Bossa Nova Robotics, which made robots that scanned shelves for inventory, using human workers instead.

  • Humana (NYSE:HUM) stock rose 1.6% after the health insurer beat expectations for both quarterly profit and revenue . However, it also forecast a current-quarter loss due to a resumption of payouts for medical procedures that had been delayed due to the pandemic.

  • Thomson Reuters (NYSE:TRI) stock rose 0.9% after the news and information provider reported higher revenue for the third quarter and raised its full year free cash flow outlook for 2020.

  • Jazz Pharmaceuticals (NASDAQ:JAZZ) stock rose 7.3% after the company reported strong quarterly figures, while the drugmaker raised its full-year revenue forecast.

  • McKesson (NYSE:MCK) stock rose 3.2% after the pharmaceutical distributor posted strong quarterly numbers, helped by strong demand for virus tests and personal protective equipment. It also increased its full-year guidance. 

  • Wayfair (NYSE:W) stock soared 12% after the e-commerce home retailer reported a net profit in its third-quarter earnings, overturning the loss from the previous quarter. Membership numbers grew by a little more than 50% from a year ago.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.