By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, October 29th. Please refresh for updates.
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Ford (NYSE:F) stock gained 2.9% after the U.S. car giant impressed with its third-quarter earnings, helped by stronger-than-expected demand for popular Ford trucks and SUVs as well as commercial vehicles.
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Pinterest (NYSE:PINS) stock soared 31% after the social media company posted strong revenue and user growth in its third-quarter earnings, helped by an increase in spend from advertisers that boycotted other social media companies.
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Anheuser Busch Inbev (BR:ABI) ADR rose 0.8% after the world’s largest brewer reported earnings that surpassed expectations on the back of strong demand in the U.S. and Brazil.
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Royal Dutch Shell (LON:RDSa) ADR rose 3.5% after the European oil major raised its dividend after reporting a larger-than-expected profit for the third quarter.
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Comcast (NASDAQ:CMCSA) stock rose 2.4% after the telecommunications conglomerate reported strong third-quarter earnings, helped by beating estimates for high-speed internet customer net additions and further growth to its new streaming service.
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Moderna (NASDAQ:MRNA) stock rose 4.9% after the company said it was preparing to launch its experimental Covid-19 vaccine and had already received $1.1 billion in deposits for supply.
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Inphi (NASDAQ:IPHI) stock soared 26% after the Wall Street Journal reported that Marvell (NASDAQ:MRVL), down 6.4%, is nearing a deal to buy the semiconductor, as the industry rapidly consolidates.
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Kraft Heinz (NASDAQ:KHC) stock rose 2.7% after the food company reported growth in quarterly revenue, as consumers cooking more at home bought more of its packaged foods and condiments.
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Spotify (NYSE:SPOT) stock fell 4% after the streaming music service reported a slightly wider-than-expected loss for its latest quarter. There was good news, with premium subscriber numbers rising by a better than expected 27%.
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Shopify (NYSE:SHOP) stock rose 3.8% after the e-commerce firm beat expectations as more firms took advantage of its platform to tap the pandemic-driven surge in online shopping.
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Yum! Brands (NYSE:YUM) stock rose 2% after the owner of fast food chains reported a smaller-than-expected drop in comparable sales, helped by a rise in online orders.
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United Airlines (NASDAQ:UAL) stock rose 0.3% after the airline said it will offer free rapid Covid-19 tests to customers on select transatlantic flights, in an attempt to reduce travel quarantines which have stunted international travel.
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Visa (NYSE:V) stock fell 1% after the payments processor reported a drop in profit of 29% from a year earlier due to fewer transactions on its payment network.