Facebook, Twitter, eBay, Apple: What to Watch When the Stock | Sidnaz Blog

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Here’s what we’re watching ahead of the opening bell on Thursday.

What’s Coming Up
  • Earnings are due from

    Kraft Heinz


    KHC 0.05%

    and

    Caterpillar


    CAT 0.85%

    before the open and from

    Amazon


    AMZN 1.20%

    and

    Gilead Sciences


    GILD -0.36%

    after the close.

  • Advance GDP estimates this morning will show just how strong the economic recovery in the first quarter has been: Forecast is for 6.5% expansion versus the final quarter last year. There will also be fresh weekly jobless claims numbers, which are expected to be lower than the previous week. 
Market Movers to Watch
  • Facebook


    FB 1.16%

    is up more than 7% ahead of the open after the social media company followed Google-parent Alphabet in reporting late Wednesday a first-quarter surge in advertising spending. Profit nearly doubled and overall revenue also beat forecasts.

  • The knock-out numbers from these two is also lifting

    Twitter,


    TWTR -0.47%

    up 3.5% premarket. Good advertising revenue would boost the company’s aim to double annual sales by 2023. Its latest earnings are due after the close.

  • Chipmaker

    Qualcomm


    QCOM -1.04%

    is also an early riser, up more than 5%, again on forecast beating earnings after the market closed Wednesday.

  • One technology name not doing so well is

    eBay,


    EBAY 1.00%

    down more than 5% premarket. The auction site beat forecasts with first quarter results late Wednesday, but its guidance on current trading disappointed investors.

  • Apple


    AAPL -0.60%

    shares added 2.7% premarket. Demand for new, higher-priced 5G iPhones helped fuel a more-than doubling of quarterly profit to $23.6 billion, off $89.6 billion in revenue. Apple stock has been among the weakest performers among large-cap tech companies this year, gaining less than 1%, versus a 9% rise by the Nasdaq Composite.

An iPhone advertisement in Shanghai on Feb. 12, 2021.



Photo:

Qilai Shen/Bloomberg News

Market Fact
  • 10-year Treasury yields have climbed steadily this year, rising to nearly 1.75% at the end of the first quarter from about 0.9% at the end of 2020 as investors anticipated an accelerating economic recovery following the worst of the pandemic.
Chart of the Day 
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