Microsoft, Mattel, Visa Rise Premarket; Boeing, Alphabet Fall

  • Stock Market News
Microsoft, Mattel, Visa Rise Premarket; Boeing, Alphabet Fall
Credit: © Reuters.

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

  • Microsoft (NASDAQ: MSFT ) stock rose 3.6% after the software giant forecast double-digit revenue growth for the next fiscal year, driven by demand for cloud computing services.

  • Alphabet (NASDAQ: GOOGL ) stock fell 4.6% after Google’s parent company reported its first quarterly revenue miss of the pandemic after the war in Ukraine hurt YouTube ad sales, overshadowing news of a $70 billion buyback.

  • Robinhood (NASDAQ: HOOD ) stock fell 4% after the retail brokerage said it is laying off about 9% of its full-time employees ahead of its quarterly results later this week.

  • Mattel (NASDAQ: MAT ) stock rose 8.9% after the Wall Street Journal reported that the company’s management has held talks to sell the toymaker to private equity companies.

  • Visa (NYSE: V ) stock rose 5.9% after the credit card company reported an upbeat quarter , helped by a rebound in consumer spending, and forecast revenue to accelerate past pre-pandemic levels.

  • Boeing (NYSE: BA ) stock fell 3.7% after the aircraft manufacturer reported a wider quarterly loss and missed sales expectations, weighed by higher costs on both commercial and defense aircraft.

  • Enphase Energy (NASDAQ: ENPH ) stock rose 7.6% after the solar energy company beat quarterly expectations , announcing plans to invest heavily in Europe as the Ukraine war sent power prices soaring.

  • Bunge (NYSE: BG ) stock rose 2.7% after the agribusiness company reported a strong quarterly profit and raised its full-year earnings forecast, boosted by higher demand for its crops in the wake of the Ukraine conflict.

  • T-Mobile US (NASDAQ: TMUS ) stock rose 3.4% after the telecommunications company beat estimates for subscriber additions in the first quarter, benefiting from the rollout of new 5G cellular networks.

  • JetBlue (NASDAQ: JBLU ) stock fell 2.3% after JPMorgan downgraded its stance on the budget airline all the way to ‘underweight’ from ‘overweight’, seeing little upside despite recent weakness.

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