Amazon, Apple, Exxon, Chevron Rise Premarket; Roku, Intel Fall

  • Stock Market News
Amazon, Apple, Exxon, Chevron Rise Premarket; Roku, Intel Fall
Credit: © Reuters.

By Peter Nurse -- Stocks in focus in premarket trade on Friday, July 29th. Please refresh for updates.

  • Amazon (NASDAQ: AMZN ) stock rose 11.1% after the world’s largest online retailer forecast a jump in third-quarter revenue, as it collects bigger fees from Prime loyalty subscriptions and as consumer demand remained high.

  • Apple (NASDAQ: AAPL ) stock rose 2.5% after the tech giant’s fiscal third-quarter revenue and profit narrowly topped estimates, with sales of its flagship iPhone holding up better than expected.

  • Roku (NASDAQ: ROKU ) stock fell 21.2% after the streaming device maker missed expectations for its second quarter , citing inflationary pressures as well as supply chain issues, and warned that the ad market will continue to suffer.

  • Intel (NASDAQ: INTC ) stock fell 11.7% after the chipmaker slashed its annual sales and profit forecasts as demand for its chips used in personal computers cooled.

  • Exxon Mobil (NYSE: XOM ) stock rose 2.6% after the oil major posted its biggest quarterly profit ever on the back of soaring energy prices and as it kept a tight rein on spending.

  • Chevron (NYSE: CVX ) stock rose 3.3% after the energy company increased its share buyback guidance on posting its biggest quarterly earnings ever, built on strong fuel margins and high prices for natural gas and oil.

  • Procter & Gamble (NYSE: PG ) stock fell 3.7% after the consumer goods giant disappointed with its second-quarter profit, citing headwinds from a stronger dollar and higher commodity and freight costs.

  • Newell Brands (NASDAQ: NWL ) stock fell 0.9% after the consumer goods company reported weaker than expected full-year guidance, citing a weak macroeconomic environment.

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