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(1/30) - Thursday's Pre-Market News & Stock Movers

Discussion in 'Stock Market Today' started by StockBoards Bot, Jan 30, 2025.

  1. StockBoards Bot

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    (1/30) - Thursday's Pre-Market News & Stock Movers

    Good Morning StockBoarders! Happy Thursday! ;)

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    S&P 500 futures rise after Meta Platforms, Tesla report earnings: Live updates

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    S&P 500 futures rose Thursday as Wall Street digested recent quarterly results from a slew of megacap tech companies. Investors are coming off a losing session after the Federal Reserve held steady on rates.

    Futures tied to the broad market index added 0.3%, while Nasdaq 100 futures advanced 0.5%. Futures tied to the Dow Jones Industrial Average were fractionally lower.

    Shares of Meta Platforms and Tesla gained 1% and 2%, respectively, while Microsoft shares dipped more than 4% after the companies reported earnings. Meta beat on top and bottom lines, but Microsoft shares faltered after the company’s quarterly revenue forecast disappointed. Tesla shrugged off an earnings and revenue miss. On the other hand, revenue misses from UPS and Caterpillar weighed the indexes down.

    Other “Magnificent Seven” names are set to report in the coming days, with Apple’s results being due for a Thursday release. Amazon will soon follow suit, as the megacap tech company reports next week.

    On Wednesday, all three major averages ended the session lower as a 4% decline in Nvidia weighed on the market. The declines came after the Fed paused its interest rate-cutting campaign, leaving its borrowing rate unchanged in a range between 4.25% and 4.5%. In their post-meeting statement, policymakers noted that inflation remains “somewhat elevated.”

    “The implication is that we’re on hold until the inflation rate goes down, and unfortunately it’s probably not going to go down very much in the several months ahead, so I wouldn’t be looking for rate cuts at the next meeting,” Jeffrey Gundlach, DoubleLine Capital CEO, said Wednesday on CNBC’s “Closing Bell.”

    “We have a relatively stable place where we’re standing, and it kind of supports the fact that the market is in a calm position right now, and so is [Jerome] Powell apparently,” he said.

    On the economic data front, the fourth-quarter gross domestic product reading is due on Thursday, and weekly jobless claims are out in the morning. Investors are also looking ahead to Friday’s personal consumption expenditures price index report for December.

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    STOCK FUTURES NOW:
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    YESTERDAY'S MARKET HEAT MAP
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    YESTERDAY'S S&P SECTORS:
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    TODAY'S ECONOMIC CALENDAR:
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    THIS WEEK'S ECONOMIC CALENDAR:
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    MOST ACTIVE TRENDING DISCUSSIONS (STOCK SYMBOLS ARE CLICKABLE!):

    TSLA
    Tesla Inc

    ASTS
    AST SpaceMobile Inc

    UPS
    United Parcel Service, Inc.

    CLEU
    China Liberal Education Holdings Ltd

    META
    Meta Platforms Inc

    WOLF
    Wolfspeed Inc

    CRGX
    CARGO Therapeutics Inc

    AAL
    American Airlines Group Inc

    MYNZ
    Mainz Biomed B.V.

    LTC.X
    Litecoin

    THIS WEEK'S IPO'S:
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    THIS WEEK'S EARNINGS CALENDAR:
    ($TSLA $SOFI $AAPL $META $MSFT $INTC $ASML $BA $SBUX $PGR $NUE $T $IBM $LRCX $HITI $UPS $GM $NOW $SAP $XOM $MA $LMT $V $CLS $RCL $CVX $ABBV $DOW $KLAC $TMUS $WOLF $RTX $LC $BX $BMRC $LUV $NOK $WM $WDC $CAT $ADP $ALGM $CNI $CMCSA $DHR $LEVI $ARE $CCS $CL $WHR)
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    THIS MORNING'S PRE-MARKET EARNINGS RELEASES:
    ($UPS $MA $BX $CAT $LUV $NOK $DOW $MO $MBLY $SIRI $DT $CMCSA $CI $ALGM $VLO $TMO $NOC $FLWS $TSCO $STM $SHW $IP $DGX $CAH $CHKP $CRS $SHEL $TT $MBUU $ROP $DOV $MAN $LHX $BIP $AOS $PH $PHM $MMC $SNY $SNDR $RCI $MUR $AVY $ABG $CNX $LAZ $KEX $FRME)
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    BEFORE TODAY'S MARKET OPEN:
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    THIS AFTERNOON'S AFTER-HOURS EARNINGS RELEASES:
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    AFTER TODAY'S MARKET CLOSE:
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    YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:
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    YESTERDAY'S INSIDER TRADING FILINGS:
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    TODAY'S DIVIDEND CALENDAR:
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    THIS MORNING'S PRE-MARKET STOCK NEWS MOVERS:

    source: cnbc.com

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    • United Parcel Service — Shares fell more than 14% in premarket trading after the delivery giant said it reached a deal with Amazon, its largest customer, “to lower its volume by more than 50% by the second half of 2026.” UPS also said it’s launching a multiyear effort to cut $1 billion in costs.
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    • Microsoft — Shares of the software giant dropped around 4% a day after it issued lighter-than-expected revenue guidance for the current quarter. Microsoft called for revenue of $67.7 billion to $68.7 billion in the fiscal third quarter, while analysts estimated $69.78 billion, according to LSEG. Meanwhile, fiscal second-quarter results came above consensus expectations.
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    • Caterpillar — The equipment manufacturer shed 4% after posting fourth-quarter revenue of $16.22 billion, under the consensus estimate of $16.39 billion from analysts polled by LSEG. On the other hand, Caterpillar earned $5.14 per share, excluding items, which exceeded the Wall Street’s forecast of $5.02 a share.
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    • Comcast — Shares fell more than 6% after reporting a decline in broadband and cable TV customers. Domestic broadband customers fell by 139,000, while the number of cable users slipped by 311,000. Despite the decline in subscribers, the company reported a top- and bottom-line beat in the fourth quarter. Comcast earned 96 cents per share, excluding items, on $31.92 billion in revenue. Analysts polled by LSEG estimated earnings of 86 cents per share on revenue of $31.64 billion.
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    • Meta — Mark Zuckerberg’s tech giant’s stock rose 2% in premarket after the company reported fourth-quarter earnings that beat on the top and bottom lines. Sales in the quarter jumped 21% year over year while net income grew 49% to $20.8 billion from $14 billion a year earlier.
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    • Tesla — Shares of the electric vehicle maker gained 4% even after Tesla posted weaker-than-expected results for the fourth quarter. The company reported adjusted earnings of 73 cents per share on revenue of $25.71 billion. Analysts were looking for 76 cents in earnings per share and $27.27 billion in revenue, according to LSEG.
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    • Las Vegas Sands — The casino and resort stock popped more than 7% a day after it announced mixed quarterly results. The company earned 54 cents per share, excluding items, on revenue of $2.9 billion in the fourth quarter. Analysts surveyed by LSEG estimated Las Vegas Sands to earn 58 cents per share on $2.87 billion in revenue.
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    • ServiceNow — The software stock sank nearly 10% after its fourth-quarter results were in-line with analysts’ expectations. ServiceNow earned $3.67 per share, excluding items, on revenue of $2.96 billion, which is what analysts surveyed by LSEG had estimated for the period. In addition, full-year subscription revenue is expected to be weaker than analysts had forecast.
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    • International Business Machines — Shares popped almost 10% in the premarket after the legacy tech company reported fourth-quarter earnings that beat analyst expectations. The company earned $3.92 per share, excluding items, while analysts polled by StreetAccount anticipated a profit of $3.78 per share. Revenue for IBM came in at $17.55 billion, about in line with expectations.
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    • Cigna — Shares of the health-care company sold off 11% after fourth-quarter earnings missed consensus estimates. Cigna reported adjusted earnings of $6.64 per share, while analysts surveyed by LSEG called for $7.82 per share. However, Cigna revenue of $65.65 billion topped forecasts of $63.36 billion.
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    • Dow — Shares dipped about 3% after Dow posted fourth-quarter operating earnings and revenue that fell short of expectations, and issued softer-than-expected first-quarter revenue guidance. For the fourth quarter, operating earnings came in flat with revenue of $10.41 billion. Analysts polled by FactSet estimated Dow would earn 24 cents per share on revenue of $10.51 billion. First-quarter revenue guidance of $10.3 billion fell short of the $10.9 billion FactSet consensus.
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    • American Airlines — Shares tumbled 4% the morning after a regional jet flying for the company collided with an Army helicopter, marking the first fatal commercial airline crash on U.S. soil since 2009.
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    • Southwest Airlines — Shares moved 2% lower. The airline reported fourth-quarter revenue of $6.93 billion, short of the $6.96 billion expected from analysts polled by FactSet. However, Southwest’s adjusted earnings were 56 cents per share, versus the consensus estimate of 46 cents.
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    • Levi Strauss — The apparel stock fell 7% after its 2025 forecast came in below expectations. Levi Strauss estimated that its adjusted earnings will be between $1.20 and $1.25 per share, including a hit of about 20 cents from foreign exchange and a higher tax rate. Wall Street analysts were estimating $1.37 per share, according to StreetAccount.
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    • Northrop Grumman — Shares of the defense company slipped 2% after Northrop missed sales expectations for its fourth quarter. The company posted revenue of $10.69 billion, while analysts polled by FactSet expected $10.97 billion. Earnings of $6.39 a share, excluding items, however, beat the consensus estimate of $6.35. Nothrop’s CEO said the company expects to see continued top line growth, margin expansion and double-digit cash flow growth.
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    Have a happy trading day to everyone in here on this Thursday! ;)
     

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