By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, July 29th. Please refresh for updates.
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Amazon (NASDAQ:AMZN) stock rose 11.1% after the world’s largest online retailer forecast a jump in third-quarter revenue, as it collects bigger fees from Prime loyalty subscriptions and as consumer demand remained high.
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Apple (NASDAQ:AAPL) stock rose 2.5% after the tech giant’s fiscal third-quarter revenue and profit narrowly topped estimates, with sales of its flagship iPhone holding up better than expected.
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Roku (NASDAQ:ROKU) stock fell 21.2% after the streaming device maker missed expectations for its second quarter, citing inflationary pressures as well as supply chain issues, and warned that the ad market will continue to suffer.
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Intel (NASDAQ:INTC) stock fell 11.7% after the chipmaker slashed its annual sales and profit forecasts as demand for its chips used in personal computers cooled.
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Exxon Mobil (NYSE:XOM) stock rose 2.6% after the oil major posted its biggest quarterly profit ever on the back of soaring energy prices and as it kept a tight rein on spending.
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Chevron (NYSE:CVX) stock rose 3.3% after the energy company increased its share buyback guidance on posting its biggest quarterly earnings ever, built on strong fuel margins and high prices for natural gas and oil.
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Procter & Gamble (NYSE:PG) stock fell 3.7% after the consumer goods giant disappointed with its second-quarter profit, citing headwinds from a stronger dollar and higher commodity and freight costs.
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Newell Brands (NASDAQ:NWL) stock fell 0.9% after the consumer goods company reported weaker than expected full-year guidance, citing a weak macroeconomic environment.