Amazon, Snap, Pinterest Rise Premarket; Ford, Clorox Fall

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Amazon, Snap, Pinterest Rise Premarket; Ford, Clorox Fall
Credit: © Reuters.

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, February 4th. Please refresh for updates.

  • Amazon (NASDAQ: AMZN ) stock rose 12% after the online retail colossus reported a near doubling of net profit from a year ago, boosted by a one-off gain on its stake in electric van maker Rivian. The strength of its advertising business also impressed.

  • Snap (NYSE: SNAP ) stock soared 46% after the social media company, which includes Snapchat, posted its first-ever quarterly profit, putting problems with Apple’s new privacy settings behind it

  • Pinterest (NYSE: PINS ) stock rose 12% after the image sharing service reported better than expected quarterly revenue numbers as retailers spent heavily on advertising during the holiday quarter.

  • Ford (NYSE: F ) stock fell 5.7% after the auto giant blamed supply shortages of key inputs for holding back its fourth-quarter earnings.

  • Clorox (NYSE: CLX ) stock fell 13% after the bleach manufacturer reported a drop of 8% in quarterly net sales as well as a disappointing outlook, pointing to rising costs.

  • Bristol Myers (NYSE: BMY ) stock rose 1.7% after the pharmaceutical company beat expectations with its fourth-quarter earnings, helped by strong sales of blood thinner Eliquis and cancer drug Opdivo.

  • Regeneron (NASDAQ: REGN ) stock fell 0.3% despite the pharma’s quarterly profit nearly doubling on strong sales of its Covid-19 antibody cocktail.

  • Biogen (NASDAQ: BIIB ) stock fell 2.2% after the U.S. antitrust regulator asked the drugmaker to present documents related to the approval and marketing of its Alzheimer's disease treatment.

  • Hertz (NASDAQ: HTZ ) stock rose 3.9% after the car rental firm named former Goldman Sachs (NYSE: GS ) finance chief Stephen Scherr as its new chief executive officer, taking over at the end of February from Mark Fields, who has been serving as the interim CEO of Hertz since October.

 

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