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Facebook, PayPal, Uber Fall Premarket; Ford Rises

Stock MarketsJul 29, 2021 13:48
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© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Thursday, July 29th. Please refresh for updates.

  • Facebook (NASDAQ:FB) stock fell 3.1% after the social media giant warned of revenue growth slowing down significantly in the ongoing third and next quarter.

  • Didi Global (NYSE:DIDI) ADR soared 16% after the Wall Street Journal reported that the company’s biggest backers could take it private in order to placate Chinese regulators, only weeks after its New York IPO.

  • PayPal (NASDAQ:PYPL) stock fell 5.5% after the online payments provider warned of a “short term drag” on revenue growth while missing expectations on second-quarter earnings.

  • Merck (NYSE:MRK) stock fell 1.2% despite beating expectations in quarterly revenue, with strong sales of its cancer drug Keytruda helping offset a hit to sales of some of the company's other vaccines.

  • Uber (NYSE:UBER) stock fell 5.1% following a Reuters report that SoftBank is selling about 45 million of its shares in the ride-hailing company to subsidise losses elsewhere.  

  • Ford (NYSE:F) stock rose 4.4% after the auto giant posted a surprise profit in the second quarter, thanks to surging prices on scare models.

  • Yum! Brands (NYSE:YUM) stock rose 4.4% after the owner of a number of fast food chains beat quarterly comparable sales estimates, benefiting from the reopening of the U.S. economy.

  • Comcast (NASDAQ:CMCSA) stock rose 1.7% after the entertainment giant’s second-quarter revenue beat estimates on Thursday, benefiting from higher ad sales and theme parks reopening.

  • Hilton Worldwide (NYSE:HLT) stock fell 0.8% despite the hotel chain swinging to a quarterly profit and forecasting sustained growth in the second half of the year as leisure travel recovers. The stock is up over 7% this last month.

  • Qualcomm (NASDAQ:QCOM) stock rose 3.2% after the chipmaker reported a boost in revenue of over 60% from the same period a year ago, benefiting from the growth of smartphone sales.

  • Royal Dutch Shell (LON:RDSa) (NYSE:RDSa) ADR rose 4.8% after the oil major raised its dividend substantially and said it will buy back $2 billion of shares, helped by stronger oil prices.

 

Facebook, PayPal, Uber Fall Premarket; Ford Rises
 

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