Netflix, Procter&Gamble, United Airlines, and Intuitive Surgical Rise Premarket

By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Wednesday, October 19th. Please refresh for updates.

• Netflix (NFLX) stock rose 12% after the streaming giant attracted 2.4 million new subscribers worldwide in the third quarter, more than double the consensus forecast, and guided for 4.5 million additions by year-end.

• Procter & Gamble (PG) stock rose 1.7% after the consumer goods giant beat quarterly earnings expectations even as it cut its full-year sales forecast, as higher pricing offset lower demand for its products.

• Nasdaq (NDAQ) stock rose 4.9% after the exchange operator reported a 15% jump in third quarter adjusted profit, driven by strong demand for its investment products that helped offset a slowdown in initial public offerings.

• Travelers (TRV) stock rose 1.3% after the property and casualty insurer posted record net written premiums growth of 10% in the quarter, even while reporting a 20% fall in quarterly profit on the back of hurricane-related claims.

• United Airlines (UAL) stock rose 5.5% after the carrier reported better than expected quarterly earnings and issued an upbeat forecast for the current quarter amid a surge in travel demand.

• Baker Hughes (BKR) stock rose 2.2% after the oilfield services provider reported a quarterly loss, compared with a profit a year ago, hit by charges related to the oilfield services provider’s restructuring.

• Exxon Mobil (XOM) stock rose 0.4% after Jefferies upgraded its stance on the oil giant to ‘buy’ from ‘hold’, calling it a premium oil stock that can rally more than 30%.

• Intuitive Surgical (ISRG) stock rose 10% after the medical equipment maker reported strong quarterly results, helped by a jump in the number of procedures performed with its da Vinci robotic surgical devices.

• ASML (ASML) ADRs rose 5.2% after the chipmaking equipment group reported record new orders, adding it won’t be badly affected by the latest U.S. restrictions on sales of silicon chips to China.

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