Microsoft, Alphabet, Chipotle, Boeing and PayPal Rise Premarket

  • Stock Market News
Microsoft, Alphabet, Chipotle, Boeing and PayPal Rise Premarket
Credit: © Reuters.

By Peter Nurse -- Stocks in focus in premarket trade on Wednesday, July 27th. Please refresh for updates.

  • Microsoft (NASDAQ: MSFT ) stock rose 3.3% after the software giant forecast revenue this fiscal year would grow by double digits, driven by demand for cloud computing services.

  • Alphabet (NASDAQ: GOOGL ) stock rose 3.6% after second-quarter sales from the company's biggest moneymaker - Google search - actually topped expectations, raising full-year hopes at the world's biggest seller of online advertising.

  • Chipotle (NYSE: CMG ) stock rose 8.2% after the burrito chain beat quarterly profit expectations, as multiple rounds of price hikes cushioned the blow from soaring costs.

  • PayPal (NASDAQ: PYPL ) stock rose 6.5% after Bloomberg reported activist investor Elliott Investment Management is building a stake in the fintech giant to push it to ramp up its cost-reduction efforts.

  • Boeing (NYSE: BA ) stock rose 2.2% after the aircraft manufacturer stuck to its forecast to return to positive free cash flow in 2022 despite supply chain and labor restraints.
  • Enphase Energy (NASDAQ: ENPH ) stock rose 9.6% after the solar giant reported a jump in its European revenue in the second quarter as the continent grapples with rising energy prices.

  • Hilton Worldwide (NYSE: HLT ) stock rose 6.8% after the hotel chain reported a rise in quarterly profit following a rebound in travel demand as more people took vacations.

  • Spotify (NYSE: SPOT ) stock rose 6.5% after the music streaming company beat second-quarter revenue expectations, helped by a 14% jump in paying subscribers.

  • T-Mobile US (NASDAQ: TMUS ) stock rose 2.3% after the wireless network operator raised its subscriber growth forecast for the second time this year as its relatively cheaper plans lured customers.

  • Texas Instruments (NASDAQ: TXN ) stock rose 2.5% after the semiconductor manufacturing company beat earnings expectations and provided a bullish outlook.

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