Microsoft, Mattel, Visa Rise Premarket; Boeing, Alphabet Fall
2022.04.27 15:11
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Wednesday, April 27th. Please refresh for updates.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
