Stock Groups

Robinhood, Amazon, Apple, Roku and more


Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021.

Brendan McDermid | Reuters

Take a look at the top companies in Friday premarket trading.

Apple — Apple’s stock price dipped 2% after CFO Luca Maestri said supply chain issues would hurt third-quarter sales by as much as $8 billion. Many Wall Street analysts remain positive about the company despite its earnings reports exceeding expectations. An analyst stated that any weakness in the stock is a buying opportunity.

Amazon — Shares dropped more than 9% after Amazon disclosed weaker-than-expected revenue guidance for the second quarter. Rivian also lost $7.6 Billion, or more than half its worth in quarter 2, to the tech giant.

Roku — Shares of Roku popped more than 4% after the digital media player manufacturer on Thursday reported sales that exceeded expectations in its recent quarter. Roku reported a $733.7 million revenue. Refinitiv polled analysts and predicted $718 million.

Intel — Shares fell more than 3% after Intel issued weak guidance for its fiscal second quarter, overshadowing stronger-than-expected earnings for the previous quarter.

Robinhood — The retail brokerage stock dropped nearly 10% following a first-quarter report that showed declining revenue and monthly active users. Vlad Tenev, the CEO stated that smaller customers traded less in times of market declines.

Alibaba, Pinduoduo, Baidu — Chinese technology stocks surged after policymakers in the country signaled an easing of the crackdown on tech companies. Alibaba rose more than 10%; Pinduoduo shot up 15%, and Baidu leapt more than 8.

Bristol-Myers Squibb — The biopharmaceutical stock dipped 1.5% despite an earnings report that topped expectations. Bristol-Myers Squibb announced that it had earned $1.96 per Share on $11.65 Billion in revenues. According to Refinitiv., it was expected to make $1.91 per share from $11.36 billion in revenues.

Honeywell International — Shares jumped 2% after Honeywell reported earnings that surpassed expectations. Honeywell earned $1.91 per share for revenues of $8.38billion. Refinitiv analysts, however, forecast $1.86 earnings per stock for revenues of $8.29 trillion.

Chevron — Shares dipped 1% even after Chevron posted better-than-expected results for the previous quarter. Chevron earned $3.36 per share for revenues of $54.37 million. Refinitiv analysts polled expected earnings of $3.27 per share for revenue $47.94 million.

Exxon Mobil — Exxon Mobil’s stock price dipped 1% after the oil and gas company reported weaker-than-expected quarterly results. Refinitiv’s estimates for $2.12 earnings per shares were lower, with Exxon Mobil earning $2.07 per share. Exxon Mobil posted revenues of $90.5 million, which is lower than the Refinitiv estimate of $92.7.

— CNBC’s Hannah Miao and Jesse Pound contributed reporting.